First Trust Nasdaq Semiconductor ETF FTXL Strategy

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of the Nasdaq U.S. Smart Semiconductor TM Index. The fund invests at least 90% of its net assets (including investment borrowings) in the securities that comprise the index. The index is designed to provide exposure to U.S. companies comprising the semiconductor sector that have been selected based upon their liquidity and ranking. It is non-diversified.