First Trust Exchange-Traded Fund II – ‘497K’ on 7/7/15

On:  Tuesday, 7/7/15, at 4:34pm ET   ·   Effective:  7/7/15   ·   Accession #:  1445546-15-3310   ·   File #:  333-143964

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Summary Prospectus of an Open-End Management Investment Company   —   Rule 497(k)
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 497K        Summary Prospectus                                     8±    27K 

Document Table of Contents

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                     FIRST TRUST
FIRST TRUST                                  EXCHANGE-TRADED FUND II            
--------------------------------------------------------------------------------

SUMMARY PROSPECTUS                                                              

First Trust NASDAQ CEA Cybersecurity ETF                                        

Ticker Symbol:  CIBR                                                            
Exchange:       The NASDAQ Stock Market(R)                                      

Before you invest, you may want to review the Fund's prospectus, which contains 
more information about the Fund and its risks. You can find the Fund's          
prospectus and other information about the Fund, including the statement of     
additional information and most recent reports to shareholders, online at       
http://www.ftportfolios.com/retail/ETF/ETFfundnews.aspx?Ticker=CIBR. You can    
also get this information at no cost by calling (800) 621-1675 or by sending an 
e-mail request to info@ftportfolios.com. The Fund's prospectus and statement of 
additional information, both dated July 7, 2015, are all incorporated by        
reference into this Summary Prospectus.                                         

INVESTMENT OBJECTIVE                                                            

The First Trust NASDAQ CEA Cybersecurity ETF (the "Fund") seeks investment      
results that correspond generally to the price and yield (before the Fund's fees
and expenses) of an equity index called the Nasdaq CEA Cybersecurity Index(SM)  
(the "Index").                                                                  

----------------                                                                
July 7, 2015                                                                
----------------                                                                

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FEES AND EXPENSES OF THE FUND                                                   

The following table describes the fees and expenses you may pay if you buy and  
hold shares of the Fund. Investors purchasing and selling shares may be subject 
to costs (including customary brokerage commissions) charged by their broker,   
which are not reflected in the table below.                                     

SHAREHOLDER FEES (fees paid directly from your investment)                
Maximum Sales Charge (Load) Imposed on Purchases (as a                    
        percentage of offering price)                                   None
ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year           
as a percentage of the value of your investment)            
      Management Fees                                                    0.60%
      Distribution and Service (12b-1) Fees (1)                          0.00%
      Other Expenses (2)                                                 0.00%
                                                                         -------
      Total Annual Fund Operating Expenses                               0.60%

EXAMPLE                                                                   

The example below is intended to help you compare the cost of investing in
the Fund with the cost of investing in other funds. This example does not 
take into account customary brokerage commissions that you pay when       
purchasing or selling shares of the Fund in the secondary market.         

  The example assumes that you invest $10,000 in the Fund for the time periods
   indicated. The example also assumes that your investment has a 5% return each
year and that the Fund's operating expenses remain at current levels until
July 2, 2017, and thereafter at 0.85% to represent the imposition of the  
   12b-1 fee of 0.25% per annum of the Fund's average daily net assets. Although
your actual costs may be higher or lower, based on these assumptions your 
costs would be:                                                           

1 YEAR             3 YEARS        
$61                 $220        

--------------------------                                                
 (1) Although the Fund has adopted a 12b-1 plan that permits it to pay up to
    0.25% per annum, it will not pay 12b-1 fees at any time before July 2,
2017.                                                             

   (2) "Other Expenses" is an estimate based on the expenses the Fund expects to
incur for the current fiscal year.                                

PORTFOLIO TURNOVER                                                        

  The Fund pays transaction costs, such as commissions, when it buys and sells
  securities (or "turns over" its portfolio). A higher portfolio turnover rate
may indicate higher transaction costs and may result in higher taxes when 
Fund shares are held in a taxable account. These costs, which are not     
reflected in annual fund operating expenses or in the example, affect the 
Fund's performance.                                                       

PRINCIPAL INVESTMENT STRATEGIES                                                 

The Fund will normally invest at least 90% of its net assets (including         
investment borrowings) in common stocks or in depositary receipts that comprise 
the Index. The Fund, using an indexing investment approach, attempts to         
replicate, before fees and expenses, the performance of the Index. The Fund's   
investment advisor seeks a correlation of 0.95 or better (before fees and       
expenses) between the Fund's performance and the performance of the Index; a    
figure of 1.00 would represent perfect correlation.                             

The Index is owned by The NASDAQ OMX Group, Inc. (the "Index Provider"). The    
Index Provider and the Consumer Electronics Association ("CEA") have jointly    
developed the eligibility and selection criteria and rules for the Index. The   
Index will include securities of companies classified as "cybersecurity"        
companies by the CEA. The CEA will only give the cybersecurity classification to
those companies that meet one of three elements: (1) companies focused on       
developing technologies that are designed and implemented to protect computer   
and communication networks from attacks and outside unauthorized use; (2)       
companies involved in the deployment of technologies for cybersecurity industry 
use including government, private and public corporations, financial            
institutions and various other industries; and (3) companies focused on the     
protection of priority data from being accessed and exploited by unauthorized   
external parties.                                                               

To be included in the Index, a security must meet certain additional criteria,  
including that it must have a minimum worldwide market capitalization of $250   
million, a minimum three-month average daily dollar trading volume of $1 million
and a minimum free float of 20%. The term "free float" is used to capture the   
portion of an issuer's outstanding securities that can be publicly traded, and  
as a result excludes locked-in securities held by an issuer's affiliates,       
officers or promoters or securities subject to some other restrictive           
arrangement that prevents them from being freely traded.                        

The Index is a modified liquidity weighted index, meaning that it is designed to
track the performance of the most liquid companies engaged in the cybersecurity 
segment of the technology and industrial sectors. The Index accomplishes this by
assigning security weights based on the liquidity of the companies comprising   
the cybersecurity segment. Liquidity is measured by using the three-month       
average daily dollar trading volume for each company. To provide diversification
among the weighting of the constituent companies, the Index first caps the      
weighting of the securities of the five most liquid companies at 6% each, or    
collectively 30% of the Index. The excess weight of any capped security is      
distributed proportionally across the securities of the remaining constituent   
companies. The securities of the remaining companies are capped at a 3% weight  
as well. Any security of those remaining constituent companies with a weight in 
excess of 3% will have that excess weight redistributed proportionally across   
the securities of any remaining companies.                                      

The Index is calculated and maintained by the Index Provider. The Index Provider
evaluates the Index components semi-annually in March and September of each year
for eligibility, using market data through the end of February and August,      
respectively. Eligible components for the Index are identified as such using the
eligibility criteria set forth in this prospectus under "Index Information."    
Securities meeting the criteria are included in the Index. Security additions   
and deletions are made effective after the close of trading on the third Friday 
in March and September, respectively. The Index is rebalanced quarterly each    
March, June, September and December.                                            

As of June 30, 2015, the Index was comprised of 34 securities from companies    
located in the United States, the Netherlands, Israel, China, Britain, Ireland, 
Japan and South Korea, with a significant portion of those companies being of   
small or mid-capitalizations.                                                   

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For more information regarding the Index, please refer to the "Index            
Information" section of the prospectus.                                         

The Fund is classified as "non-diversified" under the Investment Company Act of 
1940 (the "1940 Act").                                                          

The Fund intends to invest in each security in the Index. The Fund also intends 
to invest entirely in securities included in the Index. However, there may also 
be instances in which the Fund may be underweighted or overweighted in certain  
securities in the Index, not invested in certain securities included in the     
Index, may purchase securities not in the Index that are appropriate to         
substitute for certain securities in the Index or utilize various combinations  
of the above techniques in seeking to track the Index.                          

PRINCIPAL RISKS                                                                 

You could lose money by investing in the Fund. An investment in the Fund is not 
a deposit of a bank and is not insured or guaranteed by the Federal Deposit     
Insurance Corporation or any other governmental agency. There can be no         
assurance that the Fund's investment objective will be achieved.                

AUTHORIZED PARTICIPANT CONCENTRATION RISK. Only an authorized participant (as   
defined in the "Frequent Purchases and Redemptions" Section) may engage in      
creation or redemption transactions directly with the Fund. The Fund has a      
limited number of institutions that act as authorized participants. To the      
extent that these institutions exit the business or are unable to proceed with  
creation and/or redemption orders with respect to the Fund and no other         
authorized participant is able to step forward to create or redeem, in either of
these cases, Fund shares may trade at a discount to the Fund's net asset value  
and possibly face delisting.                                                    

CYBERSECURITY COMPANIES RISK. Cybersecurity companies are companies that provide
products and services intended to protect the integrity of data and network     
operations for private and public networks, computers and mobile devices. Like  
other types of technology and industrials companies, cybersecurity companies are
generally subject to the risks of rapidly changing technologies, short product  
life cycles, fierce competition, aggressive pricing and reduced profit margins, 
loss of patent, copyright and trademark protections, cyclical market patterns,  
evolving industry standards and frequent new product introductions. These       
companies may also be smaller and less experienced companies, with limited      
product lines, markets, qualified personnel or financial resources.             

CURRENCY RISK. The Fund may hold investments that are denominated in non-U.S.   
currencies, or in securities that provide exposure to such currencies, currency 
exchange rates or interest rates denominated in such currencies. Changes in     
currency exchange rates and the relative value of non-U.S. currencies will      
affect the value of the Fund's investment and the value of Fund shares. Currency
exchange rates can be very volatile and can change quickly and unpredictably. As
a result, the value of an investment in the Fund may change quickly and without 
warning and you may lose money.                                                 

DEPOSITARY RECEIPTS RISK. Depositary receipts may be less liquid than the       
underlying shares in their primary trading market. Any distributions paid to the
holders of depositary receipts are usually subject to a fee charged by the      
depositary. Holders of depositary receipts may have limited voting rights, and  
investment restrictions in certain countries may adversely impact the value of  
depositary receipts because such restrictions may limit the ability to convert  
the equity shares into depositary receipts and vice versa. Such restrictions may
cause the equity shares of the underlying issuer to trade at a discount or      
premium to the market price of the depositary receipts.                         

EMERGING MARKETS RISK. An investment in emerging market companies involves      
certain further risks not associated with investing in developed market         
countries because emerging market countries are often in the initial stages of  
their industrialization cycles and have low per capita income. These increased  
risks include the possibility of investment and trading limitations, greater    
liquidity concerns, higher price volatility, greater delays and possibility of  
disruptions in settlement transactions, greater political uncertainties and     
greater dependence on international trade or development assistance. In         
addition, emerging market countries may be subject to overburdened              
infrastructures and environmental problems.                                     

EQUITY SECURITIES RISK. Because the Fund invests in equity securities, the value
of the Fund's shares will fluctuate with changes in the value of these equity   
securities. Equity securities prices fluctuate for several reasons, including   
changes in investors' perceptions of the financial condition of an issuer or the
general condition of the relevant stock market, such as market volatility, or   
when political or economic events affecting the issuers occur. In addition,     
common stock prices may be particularly sensitive to rising interest rates, as  
the cost of capital rises and borrowing costs increase.                         

INDUSTRIALS COMPANIES RISK. Industrials companies convert unfinished goods into 
finished durables used to manufacture other goods or provide services. Some     
industrials companies are involved in electrical equipment and components,      
industrial products, manufactured housing and telecommunications equipment.     
General risks of industrials companies include the general state of the economy,
intense competition, consolidation, domestic and international politics, excess 
capacity and consumer demand and spending trends. In addition, they may also be 
significantly affected by overall capital spending levels, economic cycles,     
technical obsolescence, delays in modernization, labor relations, government    
regulations and e-commerce initiatives.                                         

INTERNATIONAL CLOSED MARKET TRADING RISK. Because securities held by the Fund   
trade on non-U.S. exchanges that are closed when the Fund's primary listing     
exchange is open, there are likely to be deviations between the current price of
an underlying security and the last quoted price for the underlying security    
(i.e., the Fund's quote from the closed foreign market), resulting in premiums  
or discounts to the Fund's net asset value that may be greater than those       
experienced by other exchange-traded funds. However, because shares can be      
created and redeemed in Creation Units at the Fund's net asset value, it is not 
expected that large discounts or premiums to the net asset value of the Fund    
will be sustained over the long term (unlike shares of many closed-end funds,   
which frequently trade at appreciable discounts from, and sometimes at premiums 
to, their net asset values).                                                    

MARKET RISK. Market risk is the risk that a particular security owned by the    
Fund or shares of the Fund in general may fall in value. Securities are subject 
to market fluctuations caused by such factors as economic, political, regulatory
or market developments, changes in interest rates and perceived trends in       
securities prices. Shares of the Fund could decline in value or underperform    
other investments.                                                              

NEW FUND RISK. The Fund currently has fewer assets than larger funds, and like  
other relatively new funds, large inflows and outflows may impact the Fund's    
market exposure for limited periods of time. This impact may be positive or     
negative, depending on the direction of market movement during the period       
affected.                                                                       

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NON-CORRELATION RISK. The Fund's return may not match the return of the Index   
for a number of reasons. For example, the Fund incurs operating expenses not    
applicable to the Index, and may incur costs in buying and selling securities,  
especially when rebalancing the Fund's portfolio holdings to reflect changes in 
the composition of the Index. In addition, the Fund's portfolio holdings may not
exactly replicate the securities included in the Index or the ratios between the
securities included in the Index.                                               

NON-DIVERSIFICATION RISK. The Fund is classified as "non-diversified" under the 
1940 Act. As a result, the Fund is only limited as to the percentage of its     
assets which may be invested in the securities of any one issuer by the         
diversification requirements imposed by the Internal Revenue Code of 1986, as   
amended. The Fund may invest a relatively high percentage of its assets in a    
limited number of issuers. As a result, the Fund may be more susceptible to a   
single adverse economic or regulatory occurrence affecting one or more of these 
issuers, experience increased volatility and be highly invested in certain      
issuers.                                                                        

NON-U.S. SECURITIES RISK. Non-U.S. securities are subject to higher volatility  
than securities of domestic issuers due to possible adverse political, social or
economic developments; restrictions on foreign investment or exchange of        
securities; lack of liquidity; currency exchange rates; excessive taxation;     
government seizure of assets; different legal or accounting standards and less  
government supervision and regulation of exchanges in foreign countries.        

REPLICATION MANAGEMENT RISK. The Fund is exposed to additional market risk due  
to its policy of investing principally in the securities included in the Index. 
As a result of this policy, securities held by the Fund will generally not be   
bought or sold in response to market fluctuations.                              

SMALLER COMPANIES RISK. Small and/or mid capitalization companies may be more   
vulnerable to adverse general market or economic developments, and their        
securities may be less liquid and may experience greater price volatility than  
larger, more established companies as a result of several factors, including    
limited trading volumes, products or financial resources, management            
inexperience and less publicly available information. Accordingly, such         
companies are generally subject to greater market risk than larger, more        
established companies.                                                          

TECHNOLOGY COMPANIES RISK. Technology companies are generally subject to the    
risks of rapidly changing technologies, short product life cycles, fierce       
competition, aggressive pricing and reduced profit margins, loss of patent,     
copyright and trademark protections, cyclical market patterns, evolving industry
standards, and frequent new product introductions. Technology companies may be  
smaller and less experienced companies, with limited product lines, markets or  
financial resources and fewer experienced management or marketing personnel.    
Technology company stocks, particularly those involved with the Internet, have  
experienced extreme price and volume fluctuations that often have been unrelated
to their operating performance.                                                 

PERFORMANCE                                                                     

The Fund does not have a performance history. Once available, the Fund's        
performance information, and information that gives some indication of the risks
of an investment in the Fund by comparing the Fund's performance with a broad   
measure of market performance, will be available on the Fund's website at       
www.ftportfolios.com. The Fund's past performance (before and after taxes) is   
not necessarily an indication of how the Fund will perform in the future.       

MANAGEMENT                                                                      

Investment Advisor                                                        

First Trust Advisors L.P. ("First Trust" or the "Advisor")                

Portfolio Managers                                                        

The Fund's portfolio is managed by a team (the "Investment Committee")    
consisting of:                                                            

         o   Daniel J. Lindquist, Chairman of the Investment Committee and
Managing Director of First Trust;               

  o   Jon C. Erickson, Senior Vice President of First Trust;

            o   David G. McGarel, Chief Investment Officer and Managing Director
of First Trust;                                 

      o   Roger F. Testin, Senior Vice President of First Trust; and

o   Stan Ueland, Senior Vice President of First Trust.  

 The Investment Committee members are jointly responsible for the day-to-day
   management of the Fund. Each Investment Committee member has served as a part
of the portfolio management team of the Fund since 2015.                  

PURCHASE AND SALE OF FUND SHARES                                                

The Fund issues and redeems shares on a continuous basis, at net asset value,   
only in Creation Units consisting of 50,000 shares. The Fund's Creation Units   
are issued and redeemed in-kind for securities in which the Fund invests and/or 
cash, and only to and from broker-dealers and large institutional investors that
have entered into participation agreements. Individual shares of the Fund may   
only be purchased and sold on NASDAQ(R) through a broker-dealer. Shares of the  
Fund will trade on NASDAQ(R) at market prices rather than net asset value, which
may cause the shares to trade at a price greater than net asset value (premium) 
or less than net asset value (discount).                                        

TAX INFORMATION                                                                 

The Fund's distributions are taxable and will generally be taxed as ordinary    
income or capital gains. Distributions on shares held in a tax-deferred account,
while not immediately taxable, will be subject to tax when the shares are no    
longer held in a tax-deferred account.                                          

PAYMENTS TO BROKER-DEALERS AND OTHER FINANCIAL INTERMEDIARIES                   

If you purchase shares of the Fund through a broker-dealer or other financial   
intermediary (such as a bank), First Trust and First Trust Portfolios L.P., the 
Fund's distributor, may pay the intermediary for the sale of Fund shares and    
related services. These payments may create a conflict of interest by           
influencing the broker-dealer or other intermediary and your salesperson to     
recommend the Fund over another investment. Ask your salesperson or visit your  
financial intermediary's website for more information.                          

                                                                    CIBRSP070715

Dates Referenced Herein   and   Documents Incorporated by Reference

				Referenced-On Page
This ‘497K’ Filing		Date		First		Last			Other Filings
		7/2/17		2
Filed on / Effective on:		7/7/15		1					497
		6/30/15		2					485APOS
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