First Trust DorseyWright DALI 1 ETF

The investment seeks investment results that correspond generally to the price and yield (before the fund’s fees and expenses) of an index called the Nasdaq Dorsey Wright DALI 1 Index. Under normal conditions, the fund will invest at least 90% of its net assets (including investment borrowings) in the equity securities that comprise the index. The index has been designed based upon the principle that the asset class exhibiting the highest levels of relative strength, based on current prices, will be the asset class with the best performance over the near term. It is non-diversified.