DWPP : First Trust Dorsey Wright People's Portfolio ETF

Fund Summary

The investment seeks results that correspond generally to an index called the Nasdaq Dorsey Wright People's Portfolio Index. The fund will normally invest at least 80% of its total assets (including investment borrowings) in the common stocks or U.S. Treasury Bills (T-Bills) that comprise the index. The index is a modified market-capitalization weighted index designed to tactically allocate exposure to one of three indices: (i) Nasdaq US 500 Large Cap Index; (ii) Nasdaq US 500 Large Cap Equal Weight Index; or (iii) Nasdaq US T-Bill Index (each, an underlying index), based on daily relative strength readings.