FIRST TR EXCH ALPH

The investment seeks investment results that correspond generally to the price and yield of an index called the NASDAQ AlphaDEX Eurozone Index. The fund will normally invest at least 90% of its net assets (including investment borrowings) in the common stocks, depositary receipts, real estate investment trusts (REITs) and preferred shares that comprise the index. The index is designed to select stocks from the NASDAQ Eurozone Index that may generate positive alpha, or risk-adjusted returns, relative to traditional passive-style indices through the use of the AlphaDEX selection methodology.