| Investment Objective: |
The FT Confluence BDC & Specialty Finance Income ETF (the "Fund") seeks a high level of current income. As a secondary objective, the Fund seeks an attractive total return. The fund invests in a portfolio of equity securities of business development companies ("BDCs") and other specialty finance companies that Confluence Investment Management LLC, the Fund's investment sub-advisor (the "Sub-Advisor"), believes offer attractive opportunities for income and capital appreciation. BDCs are a type of specialty finance company whose principal business is to invest in and lend capital to small and medium-sized private and certain public companies that may not have access to public equity markets for capital raising. BDCs and other categories of specialty finance companies, including real estate investment trusts ("REITs"), which may include mortgage REITs, mortgage specialists to certain consumers, equipment leasing specialists to certain industries and equity or debt-capital providers to certain small businesses, typically pass cash flow through to their investors without being taxed at the entity level. |
