First Trust Bloomberg Nuclear Power ETF (the "First Trust ETF") seeks to replicate, to the extent possible, the performance of an index of companies that are exposed to nuclear power, net of expenses, initially the Bloomberg Nuclear Power Index (the "Index"). The investment strategy of the First Trust ETF is to provide exposure to the Index by investing all or substantially all of its assets in the First Trust Bloomberg Nuclear Power ETF ("Underlying Fund"), a U.S.-listed ETF which is managed by an affiliate of the Manager which seeks to replicate or substantially replicate the performance of the Index.