First Trust To Begin Trading The First Trust Taiwan AlphaDEX Fund Wednesday, February 15, 2012

February 14, 2012 1:13pm FUND LAUNCH NYSE:FTW

First Trust has announced that they will begin trading the First Trust Taiwan AlphaDEX Fund (NYSEArca:FTW) Wednesday, February 15, 2012. The First Trust Taiwan AlphaDEX(R) Fund (the “Fund”) seeks investment results that correspond generally to the price and yield (before the Fund’s fees and expenses) of


an equity index called the Defined Taiwan Index.

Total Annual Fund Operating Expenses: 0.80%

PRINCIPAL INVESTMENT STRATEGIES

The Fund will normally invest at least 90% of its net assets plus the amount of any borrowings for investment purposes in stocks and/or depositary receipts that comprise the Index. The Fund, using an “indexing” investment approach, attempts to replicate, before fees and expenses, the performance of the Index. First Trust seeks a correlation of 0.95 or better (before fees and expenses) between the Fund’s performance and the performance of the Index; a figure of 1.00 would represent perfect correlation. First Trust will regularly monitor the Fund’stracking accuracy and will seek to maintain an appropriate correlation.

The Index is in the “Defined Index Series,” a family of custom enhanced indices developed, maintained and sponsored by Standard & Poor’s Financial Services LLC (“S&P” or the “Index Provider”). The Index is a modified equal-dollar weighted index designed by S&P to objectively identify and select securities from the S&P Taiwan BMI Index (the “Base Index”) that may generate positive alpha relative to traditional passive-style indices through the use of the AlphaDEX(R) selection methodology. The Base Index is a comprehensive, rules-based index designed to measure stock market performance in Taiwan. The companies for the Base Index are selected based on these rules: (1) all publicly listed equities with float adjusted market values of $100 million or more; and (2) annual dollar value traded of at least $50 million. S&P creates and maintains the Base Index. Additional information regarding the Base Index is set forth under “Index Information.” Alpha is an indication of how much an investment outperforms or underperforms on a risk-adjusted basis relative to its benchmark. As of January 25, 2012, the Index was comprised of 40 securities.

For the complete filing click: HERE


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