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Description
The First Trust Nasdaq Oil and Gas ETF is an exchange-traded fund. The investment objective of the Fund is to seek investment results that correspond generally to the price and yield, before the Funds fees and expenses, of an index called the Nasdaq US Smart Oil and Gas Index. The Fund seeks to replicate the holdings and weightings of the Nasdaq US Smart Oil and Gas Index so as to generate performance results 95% correlated to that of the Nasdaq US Smart Oil and Gas Index.