First Trust Switches Seven AlphaDEX® ETFs to The Nasdaq Stock Market

NEW YORK, Nov. 13, 2015 (GLOBE NEWSWIRE) -- Nasdaq announced that First Trust recently transferred seven AlphaDEX^® exchange traded-funds (ETFs) from NYSE Arca to The Nasdaq Stock Market^®. Each fund listed and will continue to trade its shares on Nasdaq under the same ticker symbol as was used on NYSE.

“As a leader in listing and trading, we’re always looking for ways to help ETF issuers like First Trust grow their business,” said Salil Donde, Executive Vice President, Nasdaq Global Information Services. “Earlier this year, we collaborated with First Trust to transfer 10 AlphaDEX® ETFs to the Nasdaq Marketplace, and are pleased to expand our relationship to include seven additional products. The switch of these funds to the Nasdaq Indexes, reinforces our successful partnership and underlying commitment to provide powerful solutions to all ETF issuers.”

Each fund will seek investment results that correspond generally to the price and yield (before the Fund’s fees and expenses) of a Nasdaq AlphaDEX^® Equity Index (each, a “New Index”). Each New Index is a modified equal-dollar weighted index developed and maintained by Nasdaq that may generate positive alpha relative to traditional passive-style indices through the use of the AlphaDEX^® selection methodology. Accordingly, the Funds’ Index Provider will change to Nasdaq.

“The AlphaDEX index methodology aims to provide better long-term, risk-adjusted returns than traditional market-cap weighted indices, by both selecting and weighting portfolios on the basis of investment merit, rather than size,” said Ryan Issakainen, CFA, Senior Vice President and ETF Strategist at First Trust.

Nasdaq operates an efficient platform for successfully introducing a product suite into one of the single largest pools of liquidity, including market participants that represent a full spectrum of investors. ETF issuers benefit from an end-to-end solution that provides ongoing product support including index licensing, listings opportunities, data offerings and trading services. As the home to some of the world's most innovative ventures, Nasdaq generates opportunities for issuers to access new markets and deliver new concepts that change the way the industry develops, manages and applies ETFs.

About First Trust:

First Trust Advisors L.P., along with its affiliate First Trust Portfolios L.P., are privately held companies which provide a variety of investment services, including asset management and financial advisory services, with collective assets under management or supervision of approximately $119 billion as of May 31, 2015 through unit investment trusts, exchange-traded funds, closed-end funds, mutual funds and separate managed accounts. First Trust is based in Wheaton, Illinois. For more information, visit http://www.ftportfolios.com.

About Nasdaq:

Nasdaq (Nasdaq:NDAQ) is a leading provider of trading, clearing, exchange technology, listing, information and public company services across six continents. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 70 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. Nasdaq is home to more than 3,600 listed companies with a market value of approximately $9.6 trillion and more than 10,000 corporate clients. To learn more, visit: nasdaq.com/ambition or business.nasdaq.com.

Cautionary Note Regarding Forward-Looking Statements

The matters described herein contain forward-looking statements that are made under the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements about Nasdaq and its products and offerings. We caution that these statements are not guarantees of future performance. Actual results may differ materially from those expressed or implied in the forward-looking statements. Forward-looking statements involve a number of risks, uncertainties or other factors beyond Nasdaq's control. These factors include, but are not limited to factors detailed in Nasdaq's annual report on Form 10-K, and periodic reports filed with the U.S. Securities and Exchange Commission. We undertake no obligation to release any revisions to any forward-looking statements.

Nasdaq^® is a registered trademark of Nasdaq, Inc. (which with its affiliates and subsidiaries is collectively referred to as Nasdaq) and is licensed for use with the First Trust AlphaDEX^® ETFs by First Trust Advisors L.P.  The ETFs have not been passed on by Nasdaq as to their legality or suitability, and the ETFs are not issued, endorsed or sold by Nasdaq.  Nasdaq makes no warranties and bears no liability with respect to the ETFs.

Nothing contained herein should be construed as investment advice from Nasdaq, either on behalf of a particular financial product or an overall investment strategy. Nasdaq makes no recommendation to buy or sell any financial product or any representation about the financial condition of any company or fund. Investors should undertake their own due diligence and carefully evaluate financial products before investing. ADVICE FROM A SECURITIES PROFESSIONAL IS STRONGLY ADVISED

NDAQG

First Trust Media Contact:
Ryan Issakainen
+1 (630) 765-8689 
Rissakainen@ftadvisors.com 

Nasdaq Media Contact:  
Peter Gau
+1 (212) 231-5475 (office)
+1 (646) 633-3246 (mobile)
Peter.gau@nasdaq.com