First Trust Canada files Preliminary Prospectus for U.S. Sector ETF Suite

TORONTO, Sept. 17, 2014 /CNW/ - First Trust Canada plans to broaden its family of Canadian domiciled exchange-traded funds (ETFs) to sixteen with the addition of nine fundamentally weighted U.S. sector ETFs. Each ETF will focus on a specific U.S. industry sector tracking the StrataQuant® Indices which employ First Trust's proprietary AlphaDEX^TM methodology to stocks in the Russell 1000 Index. First Trust expects to list the nine ETFs on the Toronto Stock Exchange subject to meeting all regulatory and TSX requirements.  Initially the funds will offer hedged units and will hedge U.S. dollar currency exposure back to the Canadian dollar.

The nine new ETFs will have a management fee of up to 0.70% and represent the following U.S. Sectors:

ETF Name	Index	Ticker Symbol	Annual  management Fee  (% of NAV)
First Trust AlphaDEX™  U.S. Consumer Discretionary  Sector Index ETF	StrataQuant® Consumer Discretionary Index	FHD	up to 0.70%
First Trust AlphaDEX™  U.S. Consumer Staples Sector Index ETF	StrataQuant® Consumer Staples Index	FHC	up to 0.70%
First Trust AlphaDEX™  U.S. Energy Sector Index ETF	StrataQuant® Energy Index	FHE	up to 0.70%
First Trust AlphaDEX™  U.S. Financials  Sector Index ETF	StrataQuant® Financials Index	FHF	up to 0.70%
First Trust AlphaDEX™  U.S. Health Care Sector Index ETF	StrataQuant® Health Care Index	FHH	up to 0.70%
First Trust AlphaDEX™  U.S. Industrials Sector Index ETF	StrataQuant® Industrials Index	FHG	up to 0.70%
First Trust AlphaDEX™  U.S. Materials Sector Index ETF	StrataQuant® Materials Index	FHM	up to 0.70%
First Trust AlphaDEX™  U.S. Technology Sector Index ETF	StrataQuant® Technology Index	FHQ	up to 0.70%
First Trust AlphaDEX™  U.S. Utilities Sector Index ETF	StrataQuant® Utilities Index	FHU	up to 0.70%

About First Trust

The First Trust companies are a well-respected global enterprise with a history in the U.S. market since 1991 and in Canada since 1996.  First Trust Advisors L.P., the portfolio advisor for the First Trust AlphaDEX^TM ETFs, has more than US $100 billion total assets under supervision or management.  First Trust is the enterprise name used for the various businesses conducted in Europe, Mexico, Canada and the U.S.

Further information about First Trust Canada's ETFs can be found at http://www.firsttrust.ca

Commissions, management fees and expenses all may be associated with investments in ETFs. Please read the prospectus before investing. ETFs are not guaranteed, their values change frequently and past performance may not be repeated.

StrataQuant^® is a registered trademark of NYSE Group, Inc. or its affiliates ("NYSE"). The Indices have been licensed for use to FT Portfolios Canada Co. in connection with the First Trust ETFs.  FT Portfolios Canada Co. is not affiliated with NYSE and the First Trust ETFs are not sponsored, endorsed, sold or promoted by NYSE.  NYSE makes no representations or warranties regarding the First Trust ETFs or the ability of the Indices to track general stock market performance.

SOURCE: First Trust AlphaDEX™ U.S. Consumer Discretionary Sector Index ETF

Media Contact: Fraser Howell, President, FT Portfolios Canada Co., 330 Bay Street, Suite 1300, Toronto, Ontario, M5H 2S8, Email: [e-mail], 1-877-622-5552