Listed October 19, 2020
The Fund will invest substantially all of its assets in FLexible EXchange Options (FLEX Options) on the SPDR S&P 500 ETF Trust (the Underlying ETF). FLEX Options are customizable exchange-traded option contracts guaranteed for settlement by the Options Clearing Corporation. The Fund uses FLEX Options to employ a target outcome strategy.
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About First Trust Advisors L.P.
First Trust Advisors L.P. (“FTA”), with its affiliates in the US and Europe (together, “First Trust”), provides a variety of investment services. FTA is an investment adviser to over 130 exchange-traded funds, and also manages closed-end funds, mutual funds, unit investment trusts and separate managed accounts, and is the evaluator to unit investment trusts. In addition, FTA’s affiliate First Trust Portfolios L.P., a registered broker-dealer, is a leading sponsor of unit investment trusts. First Trust is a leader in actively managed exchange-traded funds and has investment teams specializing in equities, municipal securities, leveraged finance, alternatives, and mortgage-backed securities. For more information, please visit the First Trust website at www.ftportfolios.com. For more information, please visit www.ftportfolios.com.