First Trust Emerging Markets Small Cap AlphaDEX Fund

First Trust Emerging Markets Small Cap AlphaDEX Fund is an exchange-traded fund that seeks exposure to small-cap companies across emerging markets. The fund uses the AlphaDEX methodology, a rules-based stock selection process that ranks securities using growth and value characteristics before constructing a portfolio designed to track the Nasdaq AlphaDEX Emerging Markets Small Cap Index. It primarily holds common stocks and depositary receipts from a broad range of countries and sectors, providing diversified access to companies that are often underrepresented in traditional global equity funds. The fund is managed by First Trust Advisors and is used by investors looking for systematic exposure to emerging-markets small-cap equities within a single diversified product.