Basic Fund Data
Fund Provider:	First Trust Advisors
Asset Class:	Equity
Fund Category:	U.S. Industry Sector
Ticker:	FXO
Expense Ratio:	0.70%
Fund Category Expense Ratio Average:	0.44%
Options:	No
Fund Inception Date:	05-08-2007
Fund Structure:	Open-Ended
Fund Weighting Restrictions:	Non-diversified Fund Rules
Fund Tracking Method:	Full Replication
Dividend Payment Frequency:
Basic Index Data
Index Name:	StrataQuant Financials Index
Index Provider:	American Stock Exchange
No of Index Holdings:	Under 100
Explanation of Index Strategy
Security Selection Category:	Quantitative
Security Selection Method:	Multi Factor
Security Selection Frequency:	Quarterly
Index Weighting Category:	Fixed Weight
Index Weighting Method:	Modified Equal
Index Weighting Frequency:	Quarterly

Market Price Return
1-Year:	20.53%
3-Year annualized:
5-Year annualized:
10-Year annualized:
Annual Performance History
2009:	23.3
2008:	-38.23
2007:
2006:
2005:
2004:
2003:
2002:
2001:
2000:
Data as of 10/31/09

Fundamentals
Assets MM:	$14.6
P/E Ratio:	19.31
P/B Ratio:	1.18
Median Market Cap:	$4246.64
12-month yield:	1.5%
Data as of 10/31/09

Risk / 3-Year Average
Alpha:	0.08
Beta:	1.41
Standard Deviation:	9.77
Sharpe Ratio:
Data as of 10/31/09

Index Snapshot:

The First Trust Financials AlphaDEX Fund (Ticker: FXO) seeks investment results that correspond generally to the performance, before fees and expenses, of the StrataQuant Financials Index. The index is a modified equal-dollar weighted index designed by the Amex to objectively identify and select growth stocks from the Russel 1000 Index (financial sector) that may generate positive alpha relative to traditional passive style indices through the use of the AlphaDEX screening methodology. Alpha is an indication of how much an investment outperforms or underperforms on a risk-adjusted basis relative to its benchmark. The AMEX ranks all Russel 1000 stocks using the following growth and value factors: three, six and 12-month price appreciation, sales to price and one year sales growth (growth factors) and book value to price, cash flow to price and return on assets (value factors). The AMEX then ranks those stocks contained in the financial sector according to their selection score. The bottom 25% in the sector is eliminated and the top 75% are selected for the index. The selected stocks are then split into quintiles based on their score. The top ranked quintile receives 33.3% of the portfolio weight with successive quintiles receiving 26.7%, 20.0%, 13.3% and 6.7%, respectively. Stocks are equally weighted within each quintile.