Description

First Trust Global Risk Managed Income Index ETF (the "First Trust ETF") seeks to replicate, to the extent possible, the performance of the NASDAQ Global Risk Managed Income IndexSM (the "Index"). The investment strategy of the First Trust ETF is to invest in and hold the constituent securities of the Index in the same proportion as they are reflected in the Index or the securities intended to replicate the performance of the Index. The Portfolio Advisor may also use a sampling methodology in selecting investments for the First Trust ETF. As an alternative to or in conjunction with investing in and holding the constituent securities, the First Trust ETF may invest in or use certain other securities to obtain exposure to the performance of the Index.