| Investment Objective: |
First Trust Bloomberg Artificial Intelligence ETF seeks investment results that correspond generally to the price and yield (before the Fund's fees and expenses) of an index called the Bloomberg Artificial Intelligence Index . Under normal market conditions, the Fund will invest at least 80% of its net assets in the securities that comprise the Index. The Bloomberg Artificial Intelligence Index is constructed to track the performance of companies that develop or facilitate solutions such as deep learning, machine learning, natural language processing, and image and speech recognition utilizing data from Bloomberg Intelligence ("BI"). The index begins with a universe of all the securities comprising the Bloomberg World Aggregate Universe within the Artificial Intelligence ecosystem, as determined by BI. Companies are scored based on the sum of combined Revenue and Theme Assessments which reflect a company's near-term revenue exposure to AI and, positioning and ability to execute within the AI competitive landscape, according to BI. |
