First Trust Developed Markets ex-US Small Cap AlphaDEX® Fund targets small-cap companies for international growth opportunities.

First Trust Developed Markets ex-US Small Cap AlphaDEX® Fund (NASDAQ:FDTS) focuses on providing investment returns that closely match the price and yield performance of an equity index called the NASDAQ AlphaDEX® Developed Markets Ex-US Small Cap Index. This index is designed to select stocks from the S&P Developed Ex-U.S. BMI (Broad Market Index) Small Cap that may generate positive alpha relative to traditional indices through the application of the AlphaDEX® selection methodology. FDTS primarily invests in small-cap companies outside of the U.S., spanning a diverse set of industries and countries from developed markets. The fund aims to offer investors exposure to international growth opportunities, diversification benefits, and the potential for enhanced portfolio returns by targeting companies showing promising growth, value, and momentum characteristics.
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