First Trust to Launch First Trust Eurozone AlphaDEX® ETF and First Trust International IPO ETF

First Trust Advisors L.P. (“First Trust”), a leading ETF provider and asset manager, expects to launch two new exchange-traded funds (“ETFs”), the First Trust Eurozone AlphaDEX® ETF (NASDAQ: FEUZ) and the First Trust International IPO ETF (NASDAQ: FPXI). The new funds are expected to begin trading on The NASDAQ Stock Market on October 22, 2014.

The First Trust Eurozone AlphaDEX® ETF seeks investment results that correspond generally to the price and yield (before the fund’s fees and expenses) of an equity index called the NASDAQ AlphaDEX® Eurozone Index. The index seeks to select stocks that may generate positive alpha through the use of the AlphaDEX selection methodology. “The AlphaDEX index methodology aims to provide better long-term, risk-adjusted returns than traditional market-cap weighted indices,” said Ryan Issakainen, CFA, Senior Vice President and ETF Strategist at First Trust. “This ETF joins First Trust’s existing lineup of 39 other AlphaDEX ETFs, in providing stock selection and weightings based on investment merit, rather than size.”

The First International IPO ETF seeks investment results that correspond generally to the price and yield (before the fund’s fees and expenses) of an equity index called the IPOX International Index. The IPOX International Index measures the performance of the 50 largest and typically most liquid companies that are domiciled outside the U.S. within the IPOX Global Composite Index (the base index). The base index is constructed and managed to provide a broad and objective view of global aftermarket performance of recent IPOs and spin-offs in both emerging and developed countries. After applying initial screens, all eligible constituents enter the base index on the close of the sixth trading day and remain in the index for 1,000 trading days or approximately four years. “Recent IPOs and spin-offs represent an important segment of the international stock market that is often absent from broad international index ETFs,” said Issakainen. “This fund provides a diversified and systematic strategy for investors to gain exposure to these stocks before many are added to broad international index funds.”

For more information about First Trust, please contact Ryan Issakainen of First Trust at (630) 765-8689 or RIssakainen@FTAdvisors.com.

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 $99 billion as of September 30, 2014 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.

You should consider each fund’s investment objectives, risks, and charges and expenses carefully before investing. Contact First Trust Portfolios L.P. at 1-800-621-1675 to obtain a prospectus or summary prospectus which contains this and other information about the funds. The prospectus or summary prospectus should be read carefully before investing.

ETF Characteristics

The funds will list and principally trade their shares on The NASDAQ Stock Market LLC.

The funds’ return may not match the return of the applicable index. Securities held by the funds will generally not be bought or sold in response to market fluctuations.

Investors buying or selling fund shares on the secondary market may incur customary brokerage commissions. Market prices may differ to some degree from the net asset value of the shares. Investors who sell fund shares may receive less than the share’s net asset value. Shares may be sold throughout the day on the exchange through any brokerage account. However, unlike mutual funds, shares may only be redeemed directly from the funds by authorized participants, in very large creation/redemption units.

Risk Considerations

The funds’ shares will change in value and you could lose money by investing in the funds. One of the principal risks of investing in the funds is market risk. Market risk is the risk that a particular stock owned by the funds, fund shares or stocks in general may fall in value. There can be no assurance that the funds’ investment objectives will be achieved.

The funds may invest in securities issued by companies concentrated in a particular industry. The funds may invest in small capitalization and mid capitalization companies. Such companies may experience greater price volatility than larger, more established companies.

An investment in a fund containing securities of non-U.S. issuers is subject to additional risks, including currency fluctuations, political risks, withholding, the lack of adequate financial information, and exchange control restrictions impacting non-U.S. issuers. These risks may be heightened for securities of companies located in, or with significant operations in, emerging market countries. The funds may invest in depositary receipts which may be less liquid than the underlying shares in their primary trading market.

Growth stocks tend to be more volatile than certain other types of stocks and their prices usually fluctuate more dramatically than the overall stock market. The intrinsic value of a stock with value characteristics may not be fully recognized by the market for a long time or a stock judged to be undervalued may actually be appropriately priced at a low level.

The stocks of companies that have recently conducted an initial public offering are often subject to price volatility and speculative trading. These stocks may have exhibited above-average price appreciation in connection with the initial public offering prior to inclusion in FPXI. The price of stocks may not continue to appreciate and their performance may not replicate the performance exhibited in the past.

A significant number of countries in Europe are member states in the European Union, and the member states no longer control their own monetary policies. In these member states, the authority to direct monetary policies, including money supply and official interest rates for the Euro, is exercised by the European Central Bank. Furthermore, the European sovereign debt crisis has had, and continues to have, a significant negative impact on the economies of certain European countries and their future economic outlooks.

Financial companies are especially subject to the adverse effects of economic recession, currency exchange rates, government regulation, decreases in the availability of capital, volatile interest rates, portfolio concentrations in geographic markets and in commercial and residential real estate loans, and competition from new entrants in their fields of business.

The funds may effect a portion of creations and redemptions for cash, rather than in-kind securities. As a result, the funds may be less tax-efficient.

The funds currently have fewer assets than larger funds, and like other relatively new funds, large inflows and outflows may impact the funds’ market exposure for limited periods of time.

The funds are classified as “non-diversified” and may invest a relatively high percentage of their assets in a limited number of issuers. As a result, the funds may be more susceptible to a single adverse economic or regulatory occurrence affecting one or more of these issuers, experience increased volatility and be highly concentrated in certain issuers.

First Trust Advisors L.P. is the adviser to the funds. First Trust Advisors L.P. is an affiliate of First Trust Portfolios L.P., the funds’ distributor.

“AlphaDEX®” is a registered trademark of First Trust Portfolios L.P. First Trust Portfolios L.P. has obtained a patent for the AlphaDEX® stock selection methodology from the United States Patent and Trademark Office.

The NASDAQ AlphaDEX® Eurozone Index (the “Index”) is a trademark of The NASDAQ OMX Group and has been licensed for use by First Trust Portfolios L.P. AlphaDEX® is a trademark owned by First Trust Portfolios L.P. and has been licensed to The NASDAQ OMX Group for use in the name of the Index. The First Trust Eurozone AlphaDEX® ETF is not sponsored, endorsed, sold or promoted by The NASDAQ OMX Group and The NASDAQ OMX Group makes no representation or warranty regarding the advisability of investing in the First Trust Eurozone AlphaDEX® ETF or as to the result to be obtained by any person from use of the Index in connection with the trading of the First Trust Eurozone AlphaDEX® ETF.

A patent with respect to the IPOX® index methodology has been issued (U.S. Pat. No. 7,698,197). IPOX® is a registered international trademark of IPOX® Schuster LLC (www.ipoxschuster.com).