First Trust Strategic Value Index Fund (NYSE Arca: FDV) (the “Fund”), an exchange-traded index fund and series of First Trust Exchange-Traded Fund (the “Trust”), announced today that on or about June 3, 2013, the Fund’s investment objective will change and the Fund will seek investment results that correspond generally to the price and yield (before the Fund’s fees and expenses) of an equity index called The Capital Strength Index (“New Index”). Beginning on or about June 3, 2013, the Fund will normally invest at least 90% of its net assets plus the amount of any borrowings for investment purposes in common stocks that comprise the New Index. The Fund’s investment objective and the 90% investment strategy are non-fundamental policies and may be changed by the Board of Trustees of the Trust without shareholder approval upon 60 days’ prior written notice to shareholders. The Fund currently seeks investment results that correspond generally to the price and yield (before fees and expenses) of the Credit Suisse U.S. Value Index, Powered by Holt™.
