About First Trust Developed Markets Ex-US AlphaDEX Fund (FDT)

The First Trust Developed Markets Ex-US AlphaDEX Fund (FDT) is an exchange-traded fund (ETF) that seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an index called the Defined Developed Markets Ex-US Index. FDT is designed to give investors exposure to developed market equities outside of the United States, with an emphasis on selecting stocks through a quantitative methodology. The ETF aims to provide a systematic and rules-based approach to investing in these markets.

FDT has a unique investment strategy that utilizes a multi-factor stock selection process. The fund is based on the AlphaDEX methodology, which screens stocks from the Defined Developed Markets Ex-US Index based on multiple factors such as value, growth, momentum, and quality. It then ranks these stocks and selects the top performers based on their individual scores. This approach aims to identify and invest in companies with favorable fundamentals that may outperform the broader market.