First Trust Small Cap Growth AlphaDEX Fund

First Trust Small Cap Growth AlphaDEX Fund is an exchange-traded fund that seeks to track the Nasdaq AlphaDEX Small Cap Growth Index. The fund uses a rules-based, quantitative selection process to identify U.S. small-cap growth companies with characteristics such as earnings potential, sales growth, and relative price strength. Its portfolio is broadly diversified across sectors, with holdings that typically represent emerging companies in industries such as technology, healthcare, industrials, and financials. The fund is designed to provide investors with targeted exposure to the small-cap growth segment of the U.S. equity market through a systematic index-based approach. Managed by First Trust, First Trust Small Cap Growth AlphaDEX Fund plays a role as a diversified vehicle for accessing smaller companies that may be more growth-oriented than the broader market.