| Investment Objective: |
The First Trust Nasdaq-100 Select Equal Weight ETF seeks investment results that correspond generally to the price and yield of an equity index called the Nasdaq-100 Select Equal Weight Index (the "Index"). The Index is designed to track the performance of the fifty companies from the Nasdaq-100 Index with the highest combined quality and growth scores. The Nasdaq-100 Index is designed to measure the performance of 100 of the largest Nasdaq-listed non-financial companies. According to the Index Provider, in order to be eligible for inclusion in the Nasdaq-100 Index, a security must meet the following criteria (i) the issuer of the security's primary U.S. listing must be exclusively listed on the Nasdaq Global Select Market or the Nasdaq Global Market (ii) the security must not be issued by a company classified as being in the financial industry according to the Industry Classification Benchmark and (iii) the security must meet the liquidity requirements and other eligibility criteria of the Nasdaq-100Index. The Nasdaq-100Index selects 100 companies based on market capitalizations, subject to certain buffers designed to limit turnover. The Index calculates a "Blended Quality and Growth Score" for each constituent of the Nasdaq-100 Index. |
