First Trust New Constructs Core Earnings Leaders 

The First Trust New Constructs Core Earnings Leaders ETF (the "Fund") seeks investment results that correspond generally to the price and yield (before the Fund's fees and expenses) of an equity index called the Bloomberg New Constructs Core Earnings Leaders Index (the "Index"). Under normal conditions, the Fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in the securities that comprise the Index. The Fund, using an indexing investment approach, attempts to replicate, before fees and expenses, the performance of the Index.