This ETF, the First Trust US Equity Income UCITS ETF, is engineered to passively track the performance of the NASDAQ US High Equity Income Index. Its objective is to replicate the Index's capital appreciation and dividend income as closely as possible for investors, before accounting for any associated costs. The Index itself employs a methodical strategy to select stocks: it uses predefined criteria and financial analysis to pinpoint U.S. companies that pay dividends, and then assigns weightings to these holdings based on their reinvested earnings. These dividend-paying firms are objectively chosen from the larger NASDAQ U.S. equity market.