About First Trust Multi Cap Value AlphaDEX Fund (FAB)

The First Trust Multi Cap Value AlphaDEX Fund (FAB) is an exchange-traded fund (ETF) that seeks to provide investment results that correspond generally to the price and yield, before fees and expenses, of an equity index called the NASDAQ AlphaDEX Multi Cap Value Index. The fund is managed by First Trust Advisors L.P. and is classified as a multi-cap value fund. As of [insert date], the fund had a total net assets value of $[insert value].

The NASDAQ AlphaDEX Multi Cap Value Index is designed to objectively identify and select stocks across multiple market capitalization categories that may generate positive alpha relative to traditional passive-style indices through the use of a proprietary ranking and weighting methodology. The index begins by screening and ranking all eligible stocks from the NASDAQ US Benchmark Index using growth factors including price appreciation, sales to price ratio, and one-year sales growth, along with value factors such as book value to price ratio, cash flow to price ratio, and return on assets. The top-ranked stocks are then divided into quintiles and weighted according to their composite score, with the top quintile receiving the highest weight and the bottom quintile receiving the lowest weight.