First Trust Multi Cap Value AlphaDEX Fund

First Trust Multi Cap Value AlphaDEX Fund is an exchange-traded fund that seeks to track the Nasdaq AlphaDEX Multi Cap Value Index. The fund focuses on U.S. value stocks across large-, mid-, and small-cap segments, using a rules-based AlphaDEX methodology to screen and rank companies based on fundamental characteristics. It typically invests most of its assets in the securities that make up the index, creating diversified exposure to a broad mix of sectors and company sizes. The fund is designed to provide investors with a disciplined, factor-based approach to equity selection within the value style, while maintaining the flexibility and liquidity of an ETF structure. First Trust Multi Cap Value AlphaDEX Fund is used by market participants looking for systematic access to a multi-cap value strategy in the U.S. equity market.