The First Trust Indxx Medical Devices ETF, referred to as "the Fund," aims to achieve investment outcomes that broadly align with the price movements and income generation (yield) of the Indxx Medical Devices Index, prior to accounting for the Fund's own operating expenses. A central aspect of its investment strategy involves committing at least 80% of its total net assets—including any capital borrowed for investment—to the common stocks and depositary receipts that constitute this Index. Employing an indexing methodology, the Fund strives to directly replicate the Index's performance, before any fees or charges are deducted.