Fund Description: First Trust/Gallatin Specialty Finance and Financial Opportunities Fund I is an exchange-traded, closed-end fund or closed-end ETF, legally known as a diversified, closed-end management investment company. INVESTMENT OBJECTIVE: The Fund's primary investment objective is to seek a high level of current income. The Fund seeks attractive total return as a secondary objective. FUND STRATEGY: Under normal market conditions, the Fund will seek to achieve its investment objectives by investing at least 80% of its Managed Assets in a portfolio of securities of specialty finance and other financial companies that the Fund's sub-adviser believes offer attractive opportunities for income and capital appreciation. Under normal market conditions, the Fund will concentrate its investments in securities of companies within industries in the financial sector. In recent years, the global financial markets have experienced tremendous growth in size and sophistication. The evolution of the financial markets has encouraged the expansion of financial companies and the development of specialized financial companies that help address particular needs in the marketplace. For investors seeking high levels of current income, the specialty finance sector may be particularly attractive in that finance company cash flow streams are typically returned to shareholders in the form of distributions. Within the specialty finance sector, business development companies ("BDCs") have emerged as powerful alternatives to traditional capital providers. Other examples of specialty finance companies include categories of real estate investment trusts ("REITs") providing commercial or residential mortgage financing or lease financing, and other entities that provide significant capital to private companies. FUND MANAGEMENT: First Trust Advisors L.P. will be the Fund's investment adviser. Gallatin Asset Management, Inc. will be the Fund's Sub-Adviser.