First Trust Global Tactical Commodity Strategy Fund

The fund seeks total return by investing in companies outside the United States.

The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

Next, the research team invests in commodity futures contracts and exchange-traded commodity linked instruments (collectively, Commodities Instruments) through a wholly-owned subsidiary of the fund organized under the laws of the Cayman Islands (the Subsidiary).

The Subsidiary may invest without limitation in Commodities Instruments.

Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level.

The fund will invest up to 25% of its net assets in the Subsidiary and the remainder of its assets in short-term investment grade fixed income securities, money market instruments, ETFs, and cash and other cash equivalents.