The investment seeks investment results that correspond generally to the price and yield (before fees and expenses) of an index called the Dorsey Wright International Focus Five Index. The fund will normally invest at least 90% of its net assets (including investment borrowings) in the exchange-traded funds ("ETFs") that comprise the index. The ETFs in which the fund invests are advised by First Trust Advisors L.P., the fund's investment advisor. The fund, using an indexing investment approach, attempts to replicate, before fees and expenses, the performance of the index. It is non-diversified.
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