Fund Description: First Trust Global Engineering and Construction ETF, formerly First Trust ISE Global Engineering and Construction Index Fund, 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: The First Trust Global Engineering and Construction ETF seeks investment results that correspond generally to the price and yield, before the Fund's fees and expenses, of the ISE Global Engineering and Construction Index. INDEX DESCRIPTION: The ISE Global Engineering and Construction Index specifically targets companies that are engaged in large civil and capital projects such as infrastructure, telecommunications, transportation, utilities, commercial, residential, and commerce facilities and whose roles are within the engineering, designing, planning, consulting, project managing, and/or constructing of these projects. To be included in the Index, a company must receive at least 70% of revenues from these types of services and projects based on the reportable segment/division from its most recent annual report. The companies must meet market capitalization and weighting concentration requirements for inclusion in the index. The Index uses a linear-based capitalization-weighted methodology for the group of companies. The resulting linear weight distribution prevents a few large component stocks from dominating the Index while allowing smaller companies to adequately influence Index performance. Index components are reviewed semi-annually for eligibility, and the weights are re-set according to that distribution. As of December 31, 2009, there were 66 stocks that comprised the Index, of which, 54 were issued by non-U.S. issuers, which represented approximately 75.40% of the Index. The issuers that comprised the Index represented 17 countries and traded on 18 exchanges throughout the world. FUND STRATEGY: The Fund, using an indexing investment approach, attempts to replicate, before fees and expenses, the performance of the Index. The Fund will normally invest at least 90% of its net assets in common stocks that comprise the Index or in depositary receipts that may include American Depositary Receipts, Global Depositary Receipts, European Depositary Receipts, or other depositary receipts representing securities in 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.