The First Trust Large Cap Value AlphaDEX® Fund is an exchange-traded fund. The investment objective of the Fund is to seek investment results that correspond generally to the price and yield, before fees and expenses, of an equity index called the NASDAQ AlphaDEX® Large Cap Value Index. The NASDAQ AlphaDEX® Large Cap Value Index is an 'enhanced' index created and administered by Nasdaq, Inc. ('Nasdaq') which employs the AlphaDEX® stock selection methodology to select stocks from the NASDAQ US 500 Large Cap Value Index that meet certain criteria.
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