Liquidation: FIRST TRUST EXCHANGE-TRADED ALPHADEX FUND II

Form Type: 497

Filing Date: 2025-06-10

Corporate Action: Liquidation

Type: New

Accession Number: 000144554625003993

Filing Summary: On June 9, 2025, the Board of Trustees of the First Trust Exchange-Traded AlphaDEX Fund II voted to terminate and liquidate the First Trust Brazil AlphaDEX Fund. This decision was made under a Plan of Liquidation and Termination, which was approved by the Board and deemed to be in the best interests of the Fund. Trading of Fund shares on Nasdaq will be halted effective July 11, 2025, and the Fund is set to be liquidated around July 18, 2025. Shareholders can sell their shares until the end of the trading day on July 11, 2025. New creation purchases will be closed starting from the end of July 11, 2025. Shareholders holding shares as of July 17, 2025, will receive a cash redemption representing their proportionate interest in the net assets of the Fund as of the Liquidation Date, though these proceeds may be subject to taxes. The Fund’s portfolio managers will adjust the investment strategy as the termination and liquidation process approaches, shifting assets to cash and similar instruments. Shareholders are encouraged to consult their tax advisers regarding the impact of this liquidation on their specific tax situation.

Form Type: 497K

Filing Date: 2025-06-10

Corporate Action: Liquidation

Type: New

Accession Number: 000144554625003995

Filing Summary: On June 9, 2025, the Board of Trustees of FIRST TRUST EXCHANGE-TRADED ALPHADEX FUND II voted to terminate and liquidate the First Trust Brazil AlphaDEX Fund. This decision was made pursuant to a Plan of Liquidation and Termination that the Board approved, stating it was in the best interests of the Fund. Trading of Fund shares on Nasdaq will cease at the end of business on July 11, 2025, with liquidation of the Fund to occur around July 18, 2025. Shareholders can sell their shares until July 11, 2025, but after that, the Fund will not accept new creation purchases. Those holding shares by July 17, 2025, will receive cash redemption amounts based on their proportionATE interest as of the Liquidation Date, with potential tax implications on the liquidation proceeds that investors should consult their tax advisers about. The Fund's management may adjust its portfolio to hold more cash in preparation for termination, leading to a deviation from stated investment strategies prior to liquidation.