First Trust India Nifty 50 Equal Weight ETF (NFTY) Exchange: NASDAQ

The Fund will normally invest at least 90% of its net assets (including investment borrowings) in the common stocks that comprise the Index. The Fund, using an indexing investment approach, attempts to replicate, before fees and expenses, the performance of the Index. The Fund's investment advisor seeks a correlation of 0.95 or better (before fees and expenses) between the Fund's performance and the performance of the Index; a figure of 1.00 would represent perfect correlation. The Index is owned and is developed, maintained and sponsored by NSE Indices Limited (the "Index Provider"). The Index Provider makes all decisions on additions and deletions of companies comprising the Index.The Index is designed to track the performance of the 50 largest and most liquid Indian securities listed on the National Stock Exchange of India ("NSE") by investing in all of the components of the NIFTY 50 (the "Benchmark Index"). The Benchmark Index measures the equity performance of the top 50 companies (weighted by free float market capitalization) whose equity securities trade in the Indian securities markets, and is designed to reflect the overall conditions of the Indian equity market as well as the Indian economy. As of March 31, 2020, the Benchmark Index constituents accounted for approximately 68.5% of the free float market capitalization of the stocks listed on NSE. The Index includes the same 50 stocks included in the Benchmark Index but gives each an equal weight. While the Index rebalances quarterly and reconstitutes semi-annually, throughout the year, off-cycle rebalancing and reconstitution of the Index may be initiated in case any of the Index constituents ceases to form part of the Benchmark Index due to suspension or delisting.The Index is rebalanced quarterly and reconstituted semi-annually and the Fund will make corresponding changes to its portfolio shortly after the Index changes are made public. The Index's quarterly rebalance schedule may cause the Fund to experience a higher rate of portfolio turnover. The Fund will be concentrated in an industry or a group of industries to the extent that the Index is so concentrated. As of March 31, 2020, the Index was composed of 50 securities and the Fund had significant investments in Indian issuers, although this may change from time to time. To the extent the Fund invests a significant portion of its assets in a given jurisdiction or investment sector, the Fund may be exposed to the risks associated with that jurisdiction or investment sector.