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Investment Objective/Strategy - The First Trust Emerging Markets Small Cap AlphaDEX® Fund is an exchange-traded fund. The investment objective of the Fund is to seek investment results that correspond generally to the price and yield, before the Fund's fees and expenses, of an equity index called the NASDAQ AlphaDEX® Emerging Markets Small Cap Index. Morningstar rated the Lord Abbett High Yield Fund class A share 3, 4 and 5 stars among 616, 539 and 339 High Yield Bond Funds for the overall rating and the 3, 5 and 10 year periods ended 12/31/2019, respectively. Fact Sheets These fund fact sheets provide detailed information on the available funds, including each fund's objective, composition, sector allocation, asset allocation and performance. You are now leaving the Allianz Global Investors’ website and being redirected to The fund price is calculated on a net asset value basis, which is the total value of all assets in the portfolio including any income and expense accruals. Trail commission and incentives may be paid and are for the account of the manager.