NEW YORK, Jan. 9, 2015 (GLOBE NEWSWIRE) -- Nasdaq today announced that First Trust will transfer the First Trust Value Line® Equity Allocation Index Fund (Symbol: FVI) from NYSE Arca to be listed on The Nasdaq Stock Market® on or about Friday, January 9, 2015. The fund's new investment objective will seek investment results that correspond generally to the price and yield (before the fund's fees and expenses) of the Nasdaq AlphaDEX® Total US Market Index. The new fund will be referred to as the First Trust Total US Market AlphaDEX® ETF (Symbol: TUSA).
"We are excited to build our partnership with our good partners at First Trust through the transfer of the First Trust Value Line® Equity Allocation Index Fund to The Nasdaq Stock Market," said Jeffrey McCarthy, Head of ETP Listings at Nasdaq. "We will continue to provide issuers like First Trust with an end-to-end solution that provides ongoing support at every level including index licensing, listings opportunities, data offerings and trading services."
The Nasdaq AlphaDEX® Total US Market Index is designed to objectively identify and select stocks across market capitalizations (including large-cap, mid-cap and small-cap companies) that exhibit growth and value factors and appear to have the greatest potential for capital appreciation. It is a modified equal-dollar weighted index comprised of U.S. exchange-listed securities of companies with capital appreciation potential.
| Exchange/Indicative |
Value Ticker Symbol
|First Trust Total US Market AlphaDEX ETF||TUSA / TUSA.IV||33733E708|
About First Trust:
First Trust Advisors L.P., along with its affiliate First Trust Portfolios L.P., are privately held companies which provide a variety of investment services, including asset management and financial advisory services, with collective assets under management or supervision of approximately $90 billion as of September 30, 2014 through unit investment trusts, exchange-traded funds, closed-end funds, mutual funds and separate managed accounts. First Trust is based in Wheaton, Illinois. For more information, visit http://www.ftportfolios.com.
Nasdaq (Nasdaq:NDAQ) is a leading provider of trading, exchange technology, information and public company services across six continents. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 70 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. Nasdaq is home to more than 3,500 listed companies with a market value of over $8.8 trillion and more than 10,000 corporate clients. To learn more, visit www.nasdaq.com/ambition or www.nasdaqomx.com.
Nasdaq® is a registered trademark of The NASDAQ OMX Group, Inc. (which with its affiliates and subsidiaries is collectively referred to as "Nasdaq") and is licensed for use with the First Trust Total US Market AlphaDEX® ETF (the "ETF") by First Trust Advisors L.P. The ETF has not been passed on by Nasdaq as to its legality or suitability, and the ETF is not issued, endorsed or sold by Nasdaq. Nasdaq makes no warranties and bears no liability with respect to the ETF.
Nothing contained herein should be construed as investment advice from Nasdaq, either on behalf of a particular financial product or an overall investment strategy. Nasdaq makes no recommendation to buy or sell any financial product or any representation about the financial condition of any company or fund. Investors should undertake their own due diligence and carefully evaluate financial products before investing. ADVICE FROM A SECURITIES PROFESSIONAL IS STRONGLY ADVISED.
Cautionary Note Regarding Forward-Looking Statements
The matters described herein contain forward-looking statements that are made under the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements about Nasdaq and its products and offerings. We caution that these statements are not guarantees of future performance. Actual results may differ materially from those expressed or implied in the forward-looking statements. Forward-looking statements involve a number of risks, uncertainties or other factors beyond Nasdaq's control. These factors include, but are not limited to factors detailed in Nasdaq's annual report on Form 10-K, and periodic reports filed with the U.S. Securities and Exchange Commission. We undertake no obligation to release any revisions to any forward-looking statements.
CONTACT: First Trust Media Contact: Ryan Issakainen +1 (630) 765-8689 Rissakainen@ftadvisors.com Nasdaq Media Contact: Alexa Sugrue +1 (212) 231-5552 (office) +1 (646) 577-3157 (mobile) Alexa.Sugrue@nasdaq.com
Source:The NASDAQ OMX Group, Inc.