Fund Description: First Trust FTSE EPRA/NAREIT Developed Markets Real Estate Index Fund, formerly First Trust FTSE EPRA/NAREIT Global Real Estate Index Fund, is an exchange-traded index fund or Index ETF which is a separate investment portfolio of the First Trust Exchange-Traded Fund II, an open-end investment management company. INVESTMENT OBJECTIVE: The First Trust FTSE EPRA/NAREIT Developed Markets Real Estate Index Fund seeks investment results that correspond to the price and yield, before fees and expenses, of the FTSE EPRA/NAREIT Developed Index, formerly the FTSE EPRA/NAREIT Global Real Estate Index. INDEX DESCRIPTION: The FTSE EPRA/NAREIT Developed Index is modified market cap weighted based on free float market capitalization and tracks the performance of listed real estate companies or real estate investment trusts REITs in North America, Europe and Asia. The Index is rebalanced and reconstituted quarterly in March, June, September and December. The Index is designed to measure the stock performance of companies engaged in specific real estate activities in the North American, European and Asian real estate markets. Specific real estate activities include the ownership, trading and development of income-producing real estate. FUND STRATEGY: The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index or in depositary receipts representing securities in the Index. The Fund, using an indexing investment approach, attempts to replicate the performance of the Index. The Fund intends to invest entirely in securities included in the Index; however, there may also be instances in which the Fund may be underweighted or overweighted in certain securities in the Index, not invest in certain securities included in the Index, purchase securities not in the Index that are appropriate to substitute for certain securities in the Index or utilize various combinations of the above techniques in seeking to track the Index. FUND MANAGEMENT: First Trust Advisors L.P. serves as the investment adviser to the Fund.