Fund Description: First Trust BICK Index Fund ETF is an exchange-traded index fund or Index ETF which is a separate investment portfolio of First Trust Exchange-Traded Fund II, an open-end investment management company. INVESTMENT OBJECTIVE: First Trust BICK Index Fund ETF seeks investment results that correspond generally to the price and yield before, fees and expenses, of an equity index called the ISE BICK Index. INDEX DESCRIPTION: The ISE BICK Index is designed to provide a benchmark for investors interested in tracking some of the largest and most liquid public companies that are domiciled in Brazil, India, China (including Hong Kong) and South Korea that are accessible for investment by U.S. investors. The Index is developed and owned by International Securities Exchange, LLC "ISE", the Index Provider. As of March 8, 2010, there were 87 securities that comprised the Index, 25 of which were of companies domiciled in each of Brazil, China and South Korea and 12 of which were domiciled in India. The Index has been created to provide investors an opportunity to take advantage of both event-driven news and long-term economic trends as the economies of these countries continue to evolve. FUND STRATEGY: In seeking to achieve the Fund's investment objective, the Fund generally will invest in all of the securities comprising the Index, or Depositary Receipts representing securities in the Index, in proportion to their weightings in the Index. However, under various circumstances, it may not be possible or practicable to purchase all of those stocks in those weightings. In those circumstances, the Fund may purchase a sample of stocks in the Index. There may also be instances in which to overweight certain stocks in the Index, purchase securities not in the Index which believes are appropriate to substitute for certain securities in the Index, use futures or derivative instruments, or utilize various combinations of the above techniques in seeking to track the Index. The Fund may sell stocks that are represented in the Index in anticipation of their removal from the Index or purchase stocks not represented in the Index in anticipation of their addition to the Index. FUND MANAGEMENT: First Trust Advisors L.P. is the investment advisor to the Fund and is responsible for the selection and ongoing monitoring of the securities and management for the Fund's portfolio.