The First Trust FactorFX UCITS ETF intends to pursue an actively managed investment strategy. The Fund's investment objective is to deliver to investors total returns with lower correlation to the broader equity and bond markets over the medium to long term through its exposure to global currencies and related markets. In normal market conditions, the Fund will seek to achieve its investment objective by investing primarily in sovereign fixed income securities denominated in the local currencies of developed and emerging markets and currencies or currency-related financial derivative instruments of both developed and emerging markets.