First Trust Indxx Innovative Transaction and Process ETF

The fundamental investment objective of First Trust Indxx Innovative Transaction and Process ETF (the First Trust ETF) is to replicate, to the extent possible, the performance of an innovative transaction and process index. Currently, the First Trust ETF seeks to replicate, to the extent possible, the performance of the Indxx Blockchain Index (the Index), provided by Indxx, LLC, net of expenses. The investment strategy of the First Trust ETF is to obtain exposure to the Index by holding shares of a U.S.-listed index ETF, the First Trust Indxx Innovative Transaction & Process ETF (Underlying Fund), which replicates or substantially replicates the performance of the Index by directly holding the Constituent Securities of the Index. The First Trust ETF may also hold cash and cash equivalents or other money market instruments to fund current liabilities.