First Trust Exchange-Traded AlphaDEX(TM) Fund Series of Exchange-Traded Funds Announces Distributions

  
    
  
  
    
      First Trust Exchange-Traded AlphaDEXTM Fund (“Trust”), 
      an open-end management investment company currently consisting of 16 
      exchange-traded funds, announced regular semi-annual distributions today 
      for 14 exchange-traded funds (“Funds”) 
      in the Trust.
    
    
      The following dates apply to today’s 
      distribution declarations:
    
    
      
        
          Expected Ex-Dividend Date
        
        
           
        
        
          December 21, 2007
        
      
      
        
          Record Date
        
        
        
        
          December 26, 2007
        
      
      
        
          Payable Date
        
        
        
        
          December 31, 2007
        
      
    
    
      
        
          Ticker
        
        
           
        
        
          Fund Name
        
        
           
        
        
          Amount
        
      
      
        
          FXG
        
        
        
        
          First Trust Consumer Staples AlphaDEX(TM) Fund
        
        
        
        
          $0.1120
        
      
      
        
          FXD
        
        
        
        
          First Trust Consumer Discretionary AlphaDEX(TM) Fund
        
        
        
        
          $0.0540
        
      
      
        
          FXN
        
        
        
        
          First Trust Energy AlphaDEX(TM) Fund
        
        
        
        
          $0.1170
        
      
      
        
          FXR
        
        
        
        
          First Trust Industrials/Producer Durables AlphaDEX(TM) Fund
        
        
        
        
          $0.0220
        
      
      
        
          FXZ
        
        
        
        
          First Trust Materials AlphaDEX(TM) Fund
        
        
        
        
          $0.0740
        
      
      
        
          FXU
        
        
        
        
          First Trust Utilities AlphaDEX(TM) Fund
        
        
        
        
          $0.8000
        
      
      
        
          FEX
        
        
        
        
          First Trust Large Cap Core AlphaDEX(TM) Fund
        
        
        
        
          $0.1630
        
      
      
        
          FNX
        
        
        
        
          First Trust Mid Cap Core AlphaDEX(TM) Fund
        
        
        
        
          $0.0800
        
      
      
        
          FYX
        
        
        
        
          First Trust Small Cap Core AlphaDEX(TM) Fund
        
        
        
        
          $0.0400
        
      
      
        
          FTC
        
        
        
        
          First Trust Large Cap Growth Opportunities AlphaDEX(TM) Fund
        
        
        
        
          $0.1130
        
      
      
        
          FTA
        
        
        
        
          First Trust Large Cap Value Opportunities AlphaDEX(TM) Fund
        
        
        
        
          $0.2520
        
      
      
        
          FAD
        
        
        
        
          First Trust Multi Cap Growth AlphaDEX(TM) Fund
        
        
        
        
          $0.0320
        
      
      
        
          FAB
        
        
        
        
          First Trust Multi Cap Value AlphaDEX(TM) Fund
        
        
        
        
          $0.1400
        
      
      
        
          FXO
        
        
        
        
          First Trust Financials AlphaDEX(TM) Fund
        
        
        
        
          $0.2080
        
      
    
    
      The majority, and possibly all, of this distribution will be paid out of 
      net investment income earned by the Fund. A portion of this distribution 
      may come from net short-term realized capital gains or return of 
      capital. The final determination of the source and tax status of 2007 
      distributions will be made after the end of 2007.
    
    
      First Trust Advisors L.P. (“FTA”) 
      and its affiliate First Trust Portfolios L.P. (”FTP”) 
      are privately-held companies which provide a variety of investment 
      services, including asset management, financial advisory services, and 
      municipal and corporate investment banking, with collective assets under 
      management or supervision of over $33 billion through closed-end funds, 
      unit investment trusts, mutual funds, separate managed accounts and 
      exchange-traded funds.
    
    
      Whether it’s a value or growth idea, or a 
      disciplined quantitative investment approach, FTA and FTP translate 
      ideas into investment products which meet the various needs of their 
      customers. FTA and FTP are focused on providing a diversified range of 
      investment products and services to help maximize their customers’ 
      financial opportunities.
    
    
      You should consider the investment objectives, risks, charges and 
      expenses of a Fund before investing. Prospectuses for the Funds contain 
      this and other important information and are available free of charge by 
      calling toll-free at 1-800-621-1675 or visiting www.ftportfolios.com. 
      A prospectus should be read carefully before investing.
    
    
      Principal Risk Factors: A Fund’s shares will 
      change in value, and you could lose money by investing in a Fund. An 
      investment in a Fund involves risk similar to those of investing in any 
      fund of equity securities traded on exchanges. A Fund seeks investments 
      results that correspond generally to the price and yield of an index. 
      You should anticipate that the value of a Fund’s 
      shares will decline, more or less, in correlation with any decline in 
      the value of the index. A Fund’s return may 
      not match the return of the index. A Fund may invest in small 
      capitalization and mid capitalization companies. Such companies may 
      experience greater price volatility than larger, more established 
      companies.
    
    
      Investors buying or selling Fund shares on the secondary market may 
      incur brokerage commissions. Investors who sell Fund shares may receive 
      less than the share’s net asset value. Unlike 
      shares of open-end mutual funds, investors are generally not able to 
      purchase Fund shares directly from the Fund and individual shares are 
      not redeemable. However, specified large blocks of shares called “creation 
      units” can be purchased from, or redeemed to, 
      the Fund.