First Trust Developed Markets ex-US AlphaDEX Fund

First Trust Developed Markets ex-US AlphaDEX Fund is an exchange-traded fund that seeks to track an index of developed-market stocks outside the United States using First Trust’s AlphaDEX methodology. The fund normally invests most of its assets in the securities included in its underlying index, which screens companies by growth and value characteristics to build a diversified portfolio of large- and mid-cap holdings. It provides exposure across major developed international markets, with notable representation in sectors such as industrials, financials, materials, and consumer-related industries. The fund is designed for investors looking for broad developed ex-U.S. equity market participation through a rules-based selection process rather than traditional market-cap weighting. Managed by First Trust, it plays a role in the market as a portfolio tool for accessing international developed equities with a distinctive factor-based approach.