0001364608
2024-06-18
2024-06-18
0001364608
DTRE:S000018785Member
2024-06-18
2024-06-18
iso4217:USD
pure
false
2024-06-18
2024-06-18
N-1A
0001364608
2023-09-30
497
First Trust Exchange-Traded Fund II
<p style="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-bottom: 0; margin-left: 0; text-align: justify"> </p>
<p style="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 6pt 0 0; text-align: justify">Notwithstanding anything to the contrary
in the Fund’s Prospectus or Summary Prospectus, the Average Annual Total Return table in the section entitled “Annual Total
Return” is deleted in its entirety and replaced with the following:</p>
<p style="font: 10pt/12pt Arial, Helvetica, Sans-Serif; margin: 12pt 0 0; text-align: justify"><b>Average Annual Total Returns for the
Periods Ended December 31, 2023</b></p>
<p style="font: 10pt/5pt Arial, Helvetica, Sans-Serif; margin: 10pt 0 0; text-align: justify"> </p>
<table cellpadding="0" cellspacing="0" style="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%">
<tr style="vertical-align: bottom">
<td style="border-bottom: Black 1pt solid; padding: 6pt 9.35pt 1.5pt 0.35pt; width: 40%; text-align: justify; line-height: 12pt"> </td>
<td style="border-bottom: Black 1pt solid; padding-top: 6pt; padding-bottom: 1.5pt; text-align: center; line-height: 12pt; width: 12%"><b>1
Year</b></td>
<td style="border-bottom: Black 1pt solid; padding-top: 6pt; padding-bottom: 1.5pt; text-align: center; line-height: 12pt; width: 12%"><b>5 Years</b></td>
<td style="border-bottom: Black 1pt solid; padding-top: 6pt; padding-bottom: 1.5pt; text-align: center; line-height: 12pt; width: 12%"><b>10 Years</b></td>
<td style="border-bottom: Black 1pt solid; padding-top: 6pt; padding-bottom: 1.5pt; text-align: center; line-height: 12pt; width: 12%"><b>Since<br/>
Inception</b></td>
<td style="border-bottom: Black 1pt solid; padding-top: 6pt; padding-bottom: 1.5pt; text-align: center; line-height: 12pt; width: 12%"><b>Inception<br/>
Date</b></td></tr>
<tr style="vertical-align: bottom">
<td style="border-bottom: Black 1pt solid; padding-top: 2pt; padding-bottom: 2pt; text-align: left; line-height: 12pt">Return Before Taxes</td>
<td style="border-bottom: Black 1pt solid; padding-right: 3%; padding-top: 2pt; padding-bottom: 2pt; text-align: right; line-height: 12pt">13.52%</td>
<td style="border-bottom: Black 1pt solid; padding-right: 3%; padding-top: 2pt; padding-bottom: 2pt; text-align: right; line-height: 12pt">3.39%</td>
<td style="border-bottom: Black 1pt solid; padding-right: 3%; padding-top: 2pt; padding-bottom: 2pt; text-align: right; line-height: 12pt">3.96%</td>
<td style="border-bottom: Black 1pt solid; padding-right: 3%; padding-top: 2pt; padding-bottom: 2pt; text-align: right; line-height: 12pt">2.39%</td>
<td style="border-bottom: Black 1pt solid; padding-top: 2pt; padding-bottom: 2pt; text-align: center; line-height: 12pt">8/27/2007</td></tr>
<tr style="vertical-align: bottom">
<td style="border-bottom: Black 1pt solid; padding-top: 2pt; padding-bottom: 2pt; text-align: left; line-height: 12pt">Return After Taxes on Distributions</td>
<td style="border-bottom: Black 1pt solid; padding-right: 3%; padding-top: 2pt; padding-bottom: 2pt; text-align: right; line-height: 12pt">12.39%</td>
<td style="border-bottom: Black 1pt solid; padding-right: 3%; padding-top: 2pt; padding-bottom: 2pt; text-align: right; line-height: 12pt">2.27%</td>
<td style="border-bottom: Black 1pt solid; padding-right: 3%; padding-top: 2pt; padding-bottom: 2pt; text-align: right; line-height: 12pt">2.72%</td>
<td style="border-bottom: Black 1pt solid; padding-right: 3%; padding-top: 2pt; padding-bottom: 2pt; text-align: right; line-height: 12pt">1.11%</td>
<td style="border-bottom: Black 1pt solid; padding-top: 2pt; padding-bottom: 2pt; text-align: justify; line-height: 12pt"> </td></tr>
<tr style="vertical-align: bottom">
<td style="border-bottom: Black 1pt solid; padding-top: 2pt; padding-bottom: 2pt; text-align: left; line-height: 12pt">Return After Taxes on Distributions and Sale of Shares</td>
<td style="border-bottom: Black 1pt solid; padding-right: 3%; padding-top: 2pt; padding-bottom: 2pt; text-align: right; line-height: 12pt">7.96%</td>
<td style="border-bottom: Black 1pt solid; padding-right: 3%; padding-top: 2pt; padding-bottom: 2pt; text-align: right; line-height: 12pt">2.14%</td>
<td style="border-bottom: Black 1pt solid; padding-right: 3%; padding-top: 2pt; padding-bottom: 2pt; text-align: right; line-height: 12pt">2.53%</td>
<td style="border-bottom: Black 1pt solid; padding-right: 3%; padding-top: 2pt; padding-bottom: 2pt; text-align: right; line-height: 12pt">1.24%</td>
<td style="border-bottom: Black 1pt solid; padding-top: 2pt; padding-bottom: 2pt; text-align: justify; line-height: 12pt"> </td></tr>
<tr style="vertical-align: bottom">
<td style="border-bottom: Black 1pt solid; padding-top: 2pt; padding-bottom: 2pt; text-align: left; line-height: 12pt">Alerian Disruptive Technology Real Estate Index<sup>(1),(2)</sup> (reflects no deduction for fees, expenses or taxes)</td>
<td style="border-bottom: Black 1pt solid; padding-right: 3%; padding-top: 2pt; padding-bottom: 2pt; text-align: right; line-height: 12pt">13.46%</td>
<td style="border-bottom: Black 1pt solid; padding-right: 3%; padding-top: 2pt; padding-bottom: 2pt; text-align: right; line-height: 12pt">N/A </td>
<td style="border-bottom: Black 1pt solid; padding-right: 3%; padding-top: 2pt; padding-bottom: 2pt; text-align: right; line-height: 12pt">N/A </td>
<td style="border-bottom: Black 1pt solid; padding-right: 3%; padding-top: 2pt; padding-bottom: 2pt; text-align: right; line-height: 12pt">N/A </td>
<td style="border-bottom: Black 1pt solid; padding-top: 2pt; padding-bottom: 2pt; text-align: justify; line-height: 12pt"> </td></tr>
<tr style="vertical-align: bottom">
<td style="border-bottom: Black 1pt solid; padding-top: 2pt; padding-bottom: 2pt; text-align: left; line-height: 12pt">FTSE EPRA/NAREIT Developed Index (reflects no deduction for fees, expenses or taxes)</td>
<td style="border-bottom: Black 1pt solid; padding-right: 3%; padding-top: 2pt; padding-bottom: 2pt; text-align: right; line-height: 12pt">10.85%</td>
<td style="border-bottom: Black 1pt solid; padding-right: 3%; padding-top: 2pt; padding-bottom: 2pt; text-align: right; line-height: 12pt">3.79%</td>
<td style="border-bottom: Black 1pt solid; padding-right: 3%; padding-top: 2pt; padding-bottom: 2pt; text-align: right; line-height: 12pt">4.52%</td>
<td style="border-bottom: Black 1pt solid; padding-right: 3%; padding-top: 2pt; padding-bottom: 2pt; text-align: right; line-height: 12pt">3.09%</td>
<td style="border-bottom: Black 1pt solid; padding-top: 2pt; padding-bottom: 2pt; text-align: justify; line-height: 12pt"> </td></tr>
<tr style="vertical-align: bottom">
<td style="border-bottom: Black 1pt solid; padding-top: 2pt; padding-bottom: 2pt; text-align: left; line-height: 12pt">S&P Global REIT Index (reflects no deduction for fees, expenses or taxes)</td>
<td style="border-bottom: Black 1pt solid; padding-right: 3%; padding-top: 2pt; padding-bottom: 2pt; text-align: right; line-height: 12pt">10.23%</td>
<td style="border-bottom: Black 1pt solid; padding-right: 3%; padding-top: 2pt; padding-bottom: 2pt; text-align: right; line-height: 12pt">4.16%</td>
<td style="border-bottom: Black 1pt solid; padding-right: 3%; padding-top: 2pt; padding-bottom: 2pt; text-align: right; line-height: 12pt">4.72%</td>
<td style="border-bottom: Black 1pt solid; padding-right: 3%; padding-top: 2pt; padding-bottom: 2pt; text-align: right; line-height: 12pt">2.97%</td>
<td style="border-bottom: Black 1pt solid; padding-top: 2pt; padding-bottom: 2pt; text-align: justify; line-height: 12pt"> </td></tr>
<tr style="vertical-align: bottom">
<td style="border-bottom: Black 1pt solid; padding-top: 2pt; padding-bottom: 2pt; text-align: left; line-height: 12pt">MSCI World REIT Index (reflects no deduction for fees, expenses or taxes)</td>
<td style="border-bottom: Black 1pt solid; padding-right: 3%; padding-top: 2pt; padding-bottom: 2pt; text-align: right; line-height: 12pt">10.10%</td>
<td style="border-bottom: Black 1pt solid; padding-right: 3%; padding-top: 2pt; padding-bottom: 2pt; text-align: right; line-height: 12pt">5.79%</td>
<td style="border-bottom: Black 1pt solid; padding-right: 3%; padding-top: 2pt; padding-bottom: 2pt; text-align: right; line-height: 12pt">6.03%</td>
<td style="border-bottom: Black 1pt solid; padding-right: 3%; padding-top: 2pt; padding-bottom: 2pt; text-align: right; line-height: 12pt">3.31%</td>
<td style="border-bottom: Black 1pt solid; padding-top: 2pt; padding-bottom: 2pt; text-align: justify; line-height: 12pt"> </td></tr>
<tr style="vertical-align: bottom">
<td style="border-bottom: Black 1pt solid; padding-top: 2pt; padding-bottom: 2pt; text-align: left; line-height: 12pt">MSCI World Real Estate Index<sup>(2)</sup> (reflects no deduction for fees, expenses or taxes)</td>
<td style="border-bottom: Black 1pt solid; padding-right: 3%; padding-top: 2pt; padding-bottom: 2pt; text-align: right; line-height: 12pt">9.91%</td>
<td style="border-bottom: Black 1pt solid; padding-right: 3%; padding-top: 2pt; padding-bottom: 2pt; text-align: right; line-height: 12pt">4.35%</td>
<td style="border-bottom: Black 1pt solid; padding-right: 3%; padding-top: 2pt; padding-bottom: 2pt; text-align: right; line-height: 12pt">N/A </td>
<td style="border-bottom: Black 1pt solid; padding-right: 3%; padding-top: 2pt; padding-bottom: 2pt; text-align: right; line-height: 12pt">N/A </td>
<td style="border-bottom: Black 1pt solid; padding-top: 2pt; padding-bottom: 2pt; text-align: justify; line-height: 12pt"> </td></tr>
<tr style="vertical-align: bottom">
<td style="border-bottom: Black 1pt solid; padding-top: 2pt; padding-bottom: 2pt; text-align: left; line-height: 12pt">MSCI World Index (reflects no deduction for fees, expenses or taxes)</td>
<td style="border-bottom: Black 1pt solid; padding-right: 3%; padding-top: 2pt; padding-bottom: 2pt; text-align: right; line-height: 12pt">23.79%</td>
<td style="border-bottom: Black 1pt solid; padding-right: 3%; padding-top: 2pt; padding-bottom: 2pt; text-align: right; line-height: 12pt">12.80%</td>
<td style="border-bottom: Black 1pt solid; padding-right: 3%; padding-top: 2pt; padding-bottom: 2pt; text-align: right; line-height: 12pt">8.60%</td>
<td style="border-bottom: Black 1pt solid; padding-right: 3%; padding-top: 2pt; padding-bottom: 2pt; text-align: right; line-height: 12pt">6.52%</td>
<td style="border-bottom: Black 1pt solid; padding-top: 2pt; padding-bottom: 2pt; text-align: justify; line-height: 12pt"> </td></tr>
</table>
<p style="font: 10pt/8pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"> </p>
<table cellpadding="0" cellspacing="0" style="font: 10pt/12pt Arial, Helvetica, Sans-Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.25in"><span style="font-size: 9pt"><i>(1)</i></span></td><td style="text-align: justify"><span style="font-size: 9pt"><i>On September 30, 2022, the Fund’s underlying index changed from
the FTSE EPRA/NAREIT Developed Index to the Alerian Disruptive Technology Real Estate Index. Therefore, the Fund’s performance and
historical returns shown for the periods prior to this date are not necessarily indicative of the performance that the Fund, based on
its current index, would have generated.</i></span></td></tr></table>
<table cellpadding="0" cellspacing="0" style="font: 10pt/12pt Arial, Helvetica, Sans-Serif; width: 100%; margin-top: 3pt; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.25in"><span style="font-size: 9pt"><i>(2)</i></span></td><td style="text-align: justify"><span style="font-size: 9pt"><i>Performance data is not available for all the periods shown in the table
for the index because performance data does not exist for some of the entire periods.</i></span></td></tr></table>
<p style="font: 10pt/12pt Times New Roman, Times, Serif; margin: 10pt 0 0; text-align: justify"><span style="text-transform: uppercase"> </span></p>