First Trust Exchange-Traded Fund VII - First Trust Global Tactical Commodity Strategy Fund

First Trust Exchange-Traded Fund VII - First Trust Global Tactical Commodity Strategy Fund is an exchange traded fund launched and managed by First Trust Advisors LP. The fund invests in commodity and fixed income markets of global region. For its fixed income portion, the fund invests directly and through other funds in U.S. government and agency securities with maturities of two years or less, short-term repurchase agreements, money market instruments. For its commodity portion, it invests through derivatives such as swaps and futures contracts in commodities. The fund invests through a Cayman Islands subsidiary in commodity futures contracts. The fund seeks to benchmark the performance of its portfolio against the Bloomberg Commodity Index, the 3 Month U.S. Treasury Bills + 3% and the S&P 500 Index. First Trust Exchange-Traded Fund VII - First Trust Global Tactical Commodity Strategy Fund was formed on October 22, 2013 and is domiciled in the United States.