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First Trust Nasdaq Global Auto Index

First Trust Nasdaq Global Auto Index Fund (CBOE: Carlisle Box Options Exchange) is a publicly traded company that operates as a diversified fund in the United States. The company primarily invests in the equity securities of companies involved in the automotive industry. It tracks the performance of the Nasdaq OMX Global Auto Index, which is a rules-based, modified market capitalization-weighted index designed to measure the performance of global companies engaged in the automotive industry, including manufacturers and suppliers of automobiles, trucks, and other vehicles, as well as companies that provide products and services to the automotive industry.

The fund seeks to replicate the performance of the index, before fees and expenses, by investing at least 90% of its assets in the securities that comprise the index. This may include American depositary receipts (ADRs) and global depositary receipts (GDRs) in addition to common stocks. The fund may also use certain financial instruments and hedging techniques to help manage risks or to seek to enhance returns, such as buying call options on, or entering into short positions in, futures contracts based on the index.

As a diversified fund, First Trust Nasdaq Global Auto Index Fund offers investors a convenient way to gain exposure to the global automotive industry through a single investment. However, as with any investment, it is important for potential investors to carefully consider the risks, fees, and expenses associated with the fund before making an investment decision. It is recommended that investors consult with a financial advisor or other qualified investment professional before investing in the fund.