When a company such as First Trust Exchange Traded AlphaDEX Fund II - First Trust Developed Markets ex-US AlphaDEX Fund splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.

Looking at the FDT split history from start to finish, an original position size of 1000 shares would have turned into 1020 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into First Trust Exchange Traded AlphaDEX Fund II - First Trust Developed Markets ex-US AlphaDEX Fund shares, starting with a $10,000 purchase of FDT, presented on a split-history-adjusted basis factoring in the complete FDT split history.

About First Trust Exchange Traded AlphaDEX Fund II - First Trust Developed Markets ex-US AlphaDEX Fund

First Trust Developed Markets ex-US AlphaDEX Fund is an open-end management investment company. The Fund seeks investment results that correspond generally to the price and yield (before the Fund's fees and expenses) of an equity index called the Defined Developed Markets Ex-US Index (the Index). The Index employs the AlphaDEX stock selection methodology which uses fundamental growth and value factors to objectively select stocks from the S&P Developed Markets Ex-US BMI Index which may generate positive alpha relative to traditional passive indices. As of Dec 31 2013, the Fund's total assets were $152,051,769 and the Fund's investment portfolio was valued at $151,877,424. According to our FDT split history records, First Trust Exchange Traded AlphaDEX Fund II - First Trust Developed Markets ex-US AlphaDEX Fund has had 1 split.

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