Merger:

Effective November 4, 2019, First Trust Short Duration High Yield Bond ETF (FSD) merged with First Trust Senior Loan ETF (FSL). Holders of common units of FSD received 1.108414 common units of FSL for each common unit of FSD held, and each holder of advisor class units of FSD received 1.001905 advisor class units of FSL for each advisor class unit of FSD previously held. This was a taxable event, and unitholders were deemed to have disposed of their FSD units for the fair market value of the FSL units received in exchange.