Investment Objective/Strategy - The First Trust Active Dividend Income Fund is a diversified, closed-end management investment company. The Fund's primary investment objective is to seek a high level of current income. It has a secondary objective of capital appreciation. The Fund will seek to achieve its investment objectives by investing at least 80% of its Managed Assets in a diversified portfolio of dividend-paying multi-cap equity securities of both U.S. and non-U.S. issuers that the Fund's investment sub-advisor believes offer the potential for attractive income and/or capital appreciation.
There can be no assurance that the Fund's investment objectives will be achieved.