FIRST TRUST US EQUITY INCOME UCITS ETF (DIST., GBP-HEDGED) UIGB.GB

First Trust US Equity Income UCITS ETF is a passively managed equity income fund that aims to replicate the performance of the NASDAQ US High Equity Income Index, before fees and expenses. The tracked index uses rules-based screens - such as dividend yield and liquidity assessments - and a modified value-weighting methodology to select and weight US-based dividend-paying stocks drawn from the broader NASDAQ US Benchmark Index.

The fund invests in US equities with a focus on generating income, and under its strategy retains exposure to US dollar-denominated equity securities that have strong yield characteristics. It uses full physical replication, meaning it holds the underlying stocks in the same proportions as in the index.

It is structured as a UCITS ETF domiciled in Ireland, managed by First Trust (First Trust Global Portfolios Limited as issuer), and compliant with UCITS regulatory standards for Europe. The fund was launched in April 2016 and carries an ongoing charge (TER) of approximately 0.55%.