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First Trust ISE Global Copper Index Fund (CU)
  • 2015 Estimated Capital Gain Distributions
    The First Trust Exchange-Traded Funds, except for First Trust Managed Municipal ETF (FMB), are not expecting to pay long-term capital gain distributions during the remainder of 2015. Short-term capital gain distributions, if any, are expected to be nominal and are taxed like ordinary income. Final determination of the source and tax status of all distributions paid in the current year are to be made after year-end and could differ from the expectations indicated above.
  • Important Notice Regarding Change in Investment Objective.  On or about December 18, 2015, the Fund will seek investment results that correspond generally to the price and yield (before the Fund’s fees and expenses) of an equity index called the Indxx Global Natural Resources Income Index (the “New Index”). Accordingly, the Fund will change its name to First Trust Indxx Global Natural Resources Income ETF the Fund’s Index Provider will change to Indxx, LLC. The New Index is a modified market capitalization-weighted total return index designed to track performance of dividend-paying companies which are involved in five broad industry categories: energy, materials, agriculture, water and timber, and is constructed based on market capitalization and liquidity of those companies’ shares. The Fund will continue to list and trade its shares on The NASDAQ Stock Market LLC but will change its ticker symbol to “FTRI.” When these changes are effective, the Fund’s shares will also trade under a new CUSIP number.
Investment Objective/Strategy - The First Trust ISE Global Copper Index Fund is an exchange-trade fund. The investment objective of the Fund is to seek investment results that correspond generally to the price and yield, before the Fund's fees and expenses, of an equity index called the ISE Global Copper™ Index.
There can be no assurance that the Fund's investment objectives will be achieved.
  • The ISE Global Copper™ Index is designed to provide a benchmark for investors interested in tracking public companies that are active in the copper mining industry based on analysis of revenue derived from the sale of copper.
  • Issuers of component securities of the index must be actively engaged in some aspect of the copper mining industry, such as copper mining, refining or exploration.
  • Each component security must have a market capitalization of at least $75 million.
  • The index uses a modified linear weighted methodology adjusted by revenue exposure to copper production, where component securities are grouped into linearly weighted quartiles and then equally weighted within each quartile. The resulting distribution allows smaller, more copper focused companies to be adequately represented in the index.
  • Index components are reviewed quarterly for eligibility and any changes in component securities of the index are made after the market close on the third Friday of each March, June, September and December.
Fund Overview
Fund TypeNatural Resources
Investment AdvisorFirst Trust Advisors L.P.
Investor Servicing AgentBank of New York Mellon
Intraday NAVCUIV
Fiscal Year-End09/30
ExchangeNASDAQ Stock Market
Inception Price$30.00
Inception NAV$30.00
Rebalance FrequencyQuarterly
Expense Ratio0.70%
Current Fund Data (as of 11/24/2015)
Closing NAV1$10.98
Closing Share Price2$11.05
Bid/Ask Midpoint$11.04
Bid/Ask Premium0.53%
Total Net Assets$12,628,635
Outstanding Shares1,150,002
Daily Volume48,368
Average 30-Day Daily Volume11,000
Closing Share Price 52-Week High/Low$20.50 / $10.79
Closing NAV 52-Week High/Low$20.47 / $10.68
Number of Holdings22
Fund Characteristics (as of 10/30/2015)8
Maximum Market Cap.$65,925
Median Market Cap.$3,051
Minimum Market Cap.$47
Price/Cash Flow6.53
Top Holdings (as of 11/25/2015)
Holding Percent
Jiangxi Copper Company Ltd. (Class H) 8.21%
Southern Copper Corporation 8.09%
Rio Tinto Plc (ADR) 8.04%
Antofagasta Plc 7.15%
Freeport-McMoRan Inc. (Class B) 6.31%
MMC Norilsk Nickel PJSC (ADR) 6.16%
OZ Minerals Limited 5.75%
HudBay Minerals Inc 5.04%
Turquoise Hill Resources Ltd. 5.04%
Sandfire Resources NL 4.67%

Holdings are subject to change.

Top Country Exposure (as of 11/25/2015)
Country Percent
Canada 28.89%
United Kingdom 11.79%
Australia 10.42%
Peru 9.28%
China 8.21%
Chile 7.15%
United States 6.31%
Russia 6.16%
Poland 4.50%
Turkey 3.83%
NAV History (Since Inception)
Past performance is not indicative of future results.
Overall Morningstar RatingTM (as of 10/31/2015)3

Among 72 funds in the Equity Precious Metals category. This fund was rated 5 stars/72 funds (3 years), 4 stars/71 funds (5 years).
Distribution Information
Dividend per Share Amt4$0.0313
30-Day SEC Yield (as of 10/30/2015)51.88%
12-Month Distribution Rate (as of 10/30/2015)61.58%
Index Yield (as of 10/30/2015)72.86%
Bid/Ask Midpoint vs. NAV (as of 9/30/2015)
Number of Days Bid/Ask Midpoint Above NAV
Quarter Ended 0-49
Basis Points
Basis Points
Basis Points
Basis Points
9/30/2015 30 7 2 0
6/30/2015 35 3 0 0
3/31/2015 20 3 0 0
12/31/2014 19 1 0 0
Number of Days Bid/Ask Midpoint Below NAV
Quarter Ended 0-49
Basis Points
Basis Points
Basis Points
Basis Points
9/30/2015 24 1 0 0
6/30/2015 24 1 0 0
3/31/2015 30 8 0 0
12/31/2014 41 3 0 0

The price used to calculate market return is determined by using the midpoint between the highest bid and the lowest offer on the stock exchange, on which shares of the Fund are listed for trading, as of the time that the Fund's NAV is calculated.

Month End Performance (as of 10/30/2015)
  3 Mos YTD 1 Year 3 Year 5 Year 10 Year Since
Fund Performance *
Net Asset Value (NAV) -6.43% -29.11% -34.31% -22.11% -16.95% N/A -12.07%
After Tax Held -6.54% -29.20% -34.65% -22.77% -17.72% N/A -12.81%
After Tax Sold -3.65% -16.48% -19.36% -15.87% -11.62% N/A -8.48%
Market Price -5.80% -28.47% -34.18% -22.01% -16.98% N/A -12.03%
Index Performance **
ISE Global Copper™ Index -6.23% -28.64% -33.37% -21.31% -16.00% N/A -11.02%
MSCI All Country World Materials Index -6.10% -10.59% -12.72% -4.73% -4.60% N/A -2.45%
MSCI All Country World Index -3.18% 0.26% -0.03% 9.92% 7.68% N/A 7.87%
Quarter End Performance (as of 9/30/2015)
  3 Mos YTD 1 Year 3 Year 5 Year 10 Year Since
Fund Performance *
Net Asset Value (NAV) -33.65% -39.28% -47.50% -25.79% -18.04% N/A -14.66%
After Tax Held -33.73% -39.35% -47.78% -26.42% -18.80% N/A -15.39%
After Tax Sold -19.04% -22.23% -26.81% -18.14% -12.18% N/A -10.00%
Market Price -33.37% -38.65% -47.15% -25.58% -18.03% N/A -14.60%
Index Performance **
ISE Global Copper™ Index -33.88% -39.34% -47.16% -25.22% -17.24% N/A -13.74%
MSCI All Country World Materials Index -19.57% -18.94% -23.57% -7.84% -5.47% N/A -4.20%
MSCI All Country World Index -9.45% -7.04% -6.66% 6.95% 6.82% N/A 6.54%
3-Year Statistics (as of 10/30/2015)
  Standard Deviation Alpha Beta Sharpe Ratio Correlation
CU 30.92% -37.46 1.74 -0.66 0.61
MSCI All Country World Materials Index 15.33% -15.71 1.20 -0.26 0.85
MSCI All Country World Index 10.84% --- 1.00 0.90 1.00
Standard Deviation is a measure of price variability (risk). Alpha is an indication of how much an investment outperforms or underperforms on a risk-adjusted basis relative to its benchmark.Beta is a measure of price variability relative to the market. Sharpe Ratio is a measure of excess reward per unit of volatility. Correlation is a measure of the similarity of performance.

*Performance data quoted represents past performance. Past performance is not a guarantee of future results and current performance may be higher or lower than performance quoted. Investment returns and principal value will fluctuate and shares when sold or redeemed, may be worth more or less than their original cost.

After Tax Held returns represent return after taxes on distributions. Assumes shares have not been sold. After Tax Sold returns represent the return after taxes on distributions and the sale of fund shares. Returns do not represent the returns you would receive if you traded shares at other times. Market Price returns are based on the midpoint of the bid/ask spread. Returns are average annualized total returns, except those for periods of less than one year, which are cumulative.

After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor’s tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.

**Performance information for the ISE Global Copper™ Index is for illustrative purposes only and does not represent actual fund performance.
Indexes do not charge management fees or brokerage expenses, and no such fees or expenses were deducted from the performance shown. Indexes are unmanaged and an investor cannot invest directly in an index.
The expense ratio for this fund is 0.70%.

MSCI All Country World Materials Index - The Index is a free float-adjusted market capitalization-weighted index that is designed to measure the materials sector performance of developed and emerging markets.

MSCI All Country World Index - The Index is a free float-adjusted market capitalization-weighted index that is designed to measure the equity market performance of developed and emerging markets.

1 The NAV represents the fund's net assets (assets less liabilities) divided by the fund's outstanding shares .
2 Fund shares are purchased and sold on an exchange at their share price rather than net asset value (NAV), which may cause the shares to trade at a price greater than NAV (premium) or less than NAV (discount).
The Morningstar RatingTM is provided for those exchange-traded funds ("ETFs") with at least a three-year history. Ratings are based on the ETF's Morningstar Risk-Adjusted Return measure which accounts for variation in monthly performance, placing more emphasis on downward variations and rewarding consistent performance. An ETF's risk-adjusted return includes a brokerage commission estimate. This estimate is intended to reflect what an average investor would pay when buying or selling an ETF. PLEASE NOTE, this estimate is subject to change and the actual brokerage commission an investor pays may be higher or lower than this estimate. Morningstar compares each ETF's risk-adjusted return to the open-end mutual fund rating breakpoints for that category. Consistent with the open-end mutual fund ratings, the top 10% of ETFs in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. The overall rating for an ETF is based on a weighted average of the time-period ratings (e.g., the ETF's 3,5, and 10 year rating). The determination of an ETF's rating does not affect the retail open end mutual fund data published by Morningstar. Past performance is no guarantee of future results.
4 Most recent distribution paid or declared to today's date. Subject to change in the future. There is no guarantee that the fund will declare dividends.
5 The 30-day SEC yield is calculated by dividing the net investment income per share earned during the most recent 30-day period by the maximum offering price per share on the last day of the period and includes the effects of fee waivers and expense reimbursements, if applicable.
6 12-Month Distribution Rate is calculated by dividing the sum of the fund's trailing 12-month ordinary distributions paid or declared by the NAV price. Distribution rates may vary.
7 Index yield represents the weighted average trailing 12-month dividend of the constituents of the ISE Global Copper(TM) Index.
8 All market capitalization numbers are in USD$ Millions.
9 Inception Date is 3/11/2010

You should consider the fund's investment objectives, risks, and charges and expenses carefully before investing. You can download a prospectus or summary prospectus, or contact First Trust Portfolios L.P. at 1-800-621-1675 to request a prospectus or summary prospectus which contains this and other information about the fund. The prospectus or summary prospectus should be read carefully before investing.

ETF Characteristics

The fund lists and principally trades its shares on the NASDAQ Stock Market LLC.

The fund's return may not match the return of the ISE Global Copper™ Index.  Securities held by the fund will generally not be bought or sold in response to market fluctuations.

Investors buying or selling fund shares on the secondary market may incur customary brokerage commissions. Market prices may differ to some degree from the net asset value of the shares. Investors who sell fund shares may receive less than the share's net asset value. Shares may be sold throughout the day on the exchange through any brokerage account. However, unlike mutual funds, shares may only be redeemed directly from the fund by authorized participants, in very large creation/redemption units.

Risk Considerations

The fund's shares will change in value, and you could lose money by investing in the fund. One of the principal risks of investing in the fund is market risk. Market risk is the risk that a particular stock owned by the fund, fund shares or stocks in general may fall in value. There can be no assurance that the fund's investment objective will be achieved.

The fund may invest in small capitalization and mid capitalization companies. Such companies may experience greater price volatility than larger, more established companies.

An investment in a fund containing securities of non-U.S. issuers is subject to additional risks, including currency fluctuations, political risks, withholding, the lack of adequate financial information, and exchange control restrictions impacting non-U.S. issuers. These risks may be heightened for securities of companies located in, or with significant operations in, emerging market countries. The fund may invest in depositary receipts which may be less liquid than the underlying shares in their primary trading market.

Securities in the fund may be significantly impacted by competitive pressures in the copper mining industry and the price of copper. Because more than half of the world's copper production occurs in U.S., Chile, Canada, Russia and Zambia, the fund's share price may be particularly sensitive to any adverse political or economic developments affecting these countries. The fund's shares may experience volatility because the price of copper may fluctuate substantially over short periods of time. Moreover, the index tracks companies involved in the copper mining industry and not the price of copper. The securities of companies involved in the copper mining industry may under- or over-perform the price of copper over the short-term or the long-term.

As an industrial metal, the demand for and price of copper may be negatively impacted by a decreased level of industrial activity using copper. Other factors include the availability of substitutes, disruptions in the supply chain, adjustments to inventory, variations in production costs, and changes in industrial, government and consumer demand.

The fund invests significantly in companies involved in the materials sector. Risks of the materials sector include the general state of the economy, consolidation, domestic and international politics, excess capacity, volatility of commodity prices, import controls, and depletion of resources.

The fund is classified as "non-diversified" and may invest a relatively high percentage of its assets in a limited number of issuers. As a result, the fund may be more susceptible to a single adverse economic or regulatory occurrence affecting one or more of these issuers, experience increased volatility and be highly concentrated in certain issuers.

First Trust Advisors L.P. is the adviser to the fund. First Trust Advisors L.P. is an affiliate of First Trust Portfolios L.P., the fund's distributor.

The First Trust ISE Global Copper Index Fund is not sponsored, endorsed, sold or promoted by the International Securities Exchange (ISE). ISE makes no representation or warranty, express or implied, to the owners of the fund or any member of the public regarding the advisability of trading in the fund. ISE's only relationship to First Trust is the licensing of certain trademarks and trade names of the ISE and of the ISE Global CopperTM Index which is determined, composed and calculated by ISE without regard to First Trust or the fund.

©2015 Morningstar, Inc. All Rights Reserved. The Morningstar RatingTM information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

Not FDIC Insured • Not Bank Guaranteed • May Lose Value
First Trust Portfolios L.P.  Member SIPC and FINRA.
First Trust Advisors L.P.
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