Fund Description: First Trust Eurozone AlphaDEX ETF is an exchange-traded index fund or Index ETF which is a separate investment portfolio of First Trust Exchange-Traded AlphaDEX Fund II, an open-end investment management company. INVESTMENT OBJECTIVE: The First Trust Eurozone AlphaDEX ETF seeks investment results that correspond generally to the price and yield, before fees and expenses, of an equity index called the NASDAQ AlphaDEX Eurozone Index. INDEX DESCRIPTION: The NASDAQ AlphaDEX Eurozone Index is designed to select stocks from the NASDAQ Eurozone Index (the Base Index) that may generate positive alpha, or risk-adjusted returns, relative to traditional passive-style indices through the use of the AlphaDEX selection methodology. Alpha is an indication of how much an investment outperforms or underperforms on a risk-adjusted basis relative to its benchmark. The Base Index is a comprehensive, rules-based index designed to measure stock market performance of the developed and emerging market countries of the Eurozone as determined by the Index Provider. The Index includes securities with a market capitalization that is greater than the NYSE midcap breakpoint (50th percentile). The Index is reconstituted and rebalanced on a semi-annual basis. FUND STRATEGY: The Fund will normally invest at least 90% of its net assets (plus the amount of any borrowings for investment purposes) in common stocks and/or depositary receipts that comprise the Index. The Fund, using an indexing investment approach, attempts to replicate, before fees and expenses, the performance of the Index. The Fund invests in securities issued by companies operating in countries in the Eurozone as classified by the Index Provider. Companies are classified as operating in a country primarily by their country of incorporation, domicile and primary exchange listing. The Eurozone is comprised of countries that have adopted the euro as their common currency and sole legal tender, and may include Austria, Belgium, Germany, Spain, Finland, France, Greece, Ireland, Italy, Netherlands and Portugal. FUND MANAGEMENT: First Trust Advisors L.P. serves as the investment advisor to the Fund and is responsible for the selection and ongoing monitoring of the securities and management for the Fund's portfolio.