FPWR – First Trust EIP Power Solutions ETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks to achieve a competitive risk-adjusted total return balanced between dividends and capital appreciation. Under normal market conditions, the fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in the equity securities of companies identified by the fund’s investment sub-advisor, Energy Income Partners, LLC (“EIP” or the “Sub-Advisor”), as Power Solutions Companies. The fund is non-diversified.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
FPWR	First Trust EIP Power Solutions ETF	ETF	Open			Aug 19, 2019	$29.30M	0.960%	—	—	$8.75M

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