Fund Description: First Trust High Income ETF is an actively managed exchange-traded fund or Actively Managed ETF which is a separate investment portfolio of the First Trust Exchange-Traded Fund VI, an open-end investment management company. INVESTMENT OBJECTIVE: The First Trust High Income ETF seeks to provide current income. The Fund's secondary investment objective is to provide capital appreciation. The Fund is an actively managed ETF and thus, does not seek to replicate the performance of a specific index, but rather uses an active investment strategy to meet its investment objective, however, an actively managed ETF may have an index-based benchmark. Accordingly, the ETF’s investment advisor, First Trust Advisors L.P., has discretion on a daily basis to actively manage the Fund’s portfolio in accordance with the Fund’s investment objective. FUND STRATEGY: The Fund will pursue its objectives by investing in large cap equity securities listed on U.S. exchanges and by utilizing an option strategy consisting of writing (selling) U.S. exchange-traded covered call options on the Standard & Poor's 500 Index. Under normal market conditions, the Fund invests primarily in large cap equity securities listed on U.S. exchanges. The Fund will also employ an option strategy in which it will write U.S. exchange-traded covered call options on the Index in order to seek additional cash flow in the form of premiums on the options that may be distributed to shareholders on a monthly basis. A premium is the income received by an investor who sells or writes an option contract to another party. The market value of the option strategy may be up to 20% of the Fund's overall net asset value. The equity securities held by the Fund will be selected using a mathematical optimization process which attempts to favor higher dividend paying common stocks for the Fund's portfolio. The equity securities held by the Fund may include non-U.S. securities that are either directly listed on a U.S. securities exchange or in the form of American Depositary Receipts and Global Depositary Receipts. The equity securities in the Fund's portfolio will be periodically rebalanced, at the discretion of the Fund's portfolio managers. Depending on market volatility, the Fund may engage in active trading, which may result in a turnover of the Fund's portfolio greater than 100% annually. The option portion of the portfolio will generally consist of U.S. exchange-traded covered calls on the Index that are written by the Fund. In certain instances, the Fund may also write covered call spreads on the Index. A covered call spread is an options strategy whereby an investor holds a long position in an asset and short two calls at one strike and long a call at a higher strike price. The call options written by the Fund will typically be a laddered portfolio of one-week, one-month, two-month and three- month call options written at-the-money to slightly out-of-the-money. A call option will give the holder the right to buy the Index at a predetermined strike price from the Fund. The notional value of calls written will be generally between 25% and 75% of the overall Fund. In general, the notional value is the total value of a leveraged position's assets. FUND MANAGEMENT: First Trust Advisors L.P. serves as investment advisor to the Fund.