| Investment Objective: |
First Trust Active Factor Large Cap Growth ETF seeks to provide long-term capital appreciation. Under normal market conditions, the Fund will invest at least 80% of its net assets in equity securities issued by large capitalization U.S. growth companies. The Fund considers large capitalization U.S. growth companies to be those companies that are components of the Russell 1000 Growth Index. The Russell 1000 Growth Index measures the performance of U.S. large cap growth equity securities, as determined by Russell's style methodology, within the broader Russell 1000 Index. The index is designed to capture the performance of companies with higher price-to-book ratios and higher forecasted growth values, providing a comprehensive benchmark for the large cap growth segment of the U.S. equity market. The Fund is actively managed primarily relying on a multi-factor quantitative methodology with active risk management to construct a portfolio of securities exhibiting exposures to one or more investing factors. Investing factor weights will be adjusted periodically due to the market environment. The multi-factor quantitative methodology currently used by the Fund may take into account the following investing factors (i) momentum (ii) quality and (iii) growth. |
