| Investment Objective: |
First Trust Balanced Income ETF seeks investment results that correspond generally to the price and yield of an index called the Bloomberg Moderate Allocation Income Focus Index. Under normal conditions, the Fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in the exchange-traded funds ("ETFs") that comprise the Index. The Fund, using an indexing investment approach, attempts to replicate, before fees and expenses, the performance of the Index. The Fund will generally employ a full replication strategy, meaning that it will normally invest in all of the securities comprising the Index in proportion to their weightings in the Index. The Bloomberg Moderate Allocation Income Focus Index is constructed to track the performance of a portfolio with fixed allocations to First Trust's income-generating ETFs across three asset classes including target income and buy-write income equity ETFs, actively managed investment grade fixed income ETFs, and target income commodities ETFs. |
