First Trust Advisors L.P. ("FTA") announces the declaration of
distributions for 125 exchange-traded funds (each a “Fund,”
collectively, the “Funds”) advised by FTA.
The following dates apply to today's distribution
declarations:
Expected Ex-Dividend Date: June 14, 2019 Record Date:
June 17, 2019 Payable Date: June 28, 2019
Ordinary
Income
Per Share
Ticker
Exchange
Fund Name
Frequency
Amount
ACTIVELY MANAGED EXCHANGE-TRADED FUNDS
First Trust Exchange-Traded Fund III FCAL Nasdaq First Trust
California Municipal High Income ETF Monthly $0.1250 FEMB Nasdaq
First Trust Emerging Markets Local Currency Bond ETF Monthly
$0.1675 FMB Nasdaq First Trust Managed Municipal ETF Monthly
$0.1175 FMHI Nasdaq First Trust Municipal High Income ETF Monthly
$0.1500 FPE NYSE Arca First Trust Preferred Securities and Income
ETF Monthly $0.1001 FPEI NYSE Arca First Trust Institutional
Preferred Securities and Income ETF Monthly $0.0844 FSMB NYSE Arca
First Trust Short Duration Managed Municipal ETF Monthly $0.0388
FTLS NYSE Arca First Trust Long/Short Equity ETF Quarterly $0.1077
FUMB NYSE Arca First Trust Ultra Short Duration Municipal ETF
Monthly $0.0310 HDMV NYSE Arca First Trust Horizon Managed
Volatility Developed International ETF Quarterly $0.4137 HUSV NYSE
Arca First Trust Horizon Managed Volatility Domestic ETF Quarterly
$0.0785 RFAP Nasdaq First Trust RiverFront Dynamic Asia Pacific ETF
Quarterly $0.5807 RFDI Nasdaq First Trust RiverFront Dynamic
Developed International ETF Quarterly $0.9275 RFEM Nasdaq First
Trust RiverFront Dynamic Emerging Markets ETF Quarterly $0.2732
RFEU Nasdaq First Trust RiverFront Dynamic Europe ETF Quarterly
$1.2288
First Trust Exchange-Traded Fund IV EMLP NYSE Arca First
Trust North American Energy Infrastructure Fund Quarterly $0.2188
FCVT Nasdaq First Trust SSI Strategic Convertible Securities ETF
Monthly $0.0400 FDIV Nasdaq First Trust Strategic Income ETF
Monthly $0.1700 FTSL Nasdaq First Trust Senior Loan Fund Monthly
$0.1750 HYLS Nasdaq First Trust Tactical High Yield ETF Monthly
$0.2150 LGOV NYSE Arca First Trust Long Duration Opportunities ETF
Monthly $0.0494 LMBS Nasdaq First Trust Low Duration Opportunities
ETF Monthly $0.1175 PRME NYSE Arca First Trust Heitman Global Prime
Real Estate ETF Quarterly $0.2000
First Trust Exchange-Traded Fund VI FTHI Nasdaq First Trust
BuyWrite Income ETF Monthly $0.0800 FTLB Nasdaq First Trust Hedged
BuyWrite Income ETF Monthly $0.0550
First Trust Exchange-Traded Fund VIII ERM NYSE Arca
EquityCompass Risk Manager ETF Quarterly $0.1113 FIXD Nasdaq First
Trust TCW Opportunistic Fixed Income ETF Monthly $0.1200 LDSF
Nasdaq First Trust Low Duration Strategic Focus ETF Monthly $0.0529
TERM NYSE Arca EquityCompass Tactical Risk Manager ETF Quarterly
$0.1165 UCON NYSE Arca First Trust TCW Unconstrained Plus Bond ETF
Monthly $0.0700
INDEX EXCHANGE-TRADED FUNDS
First Trust Exchange-Traded Fund DWPP Nasdaq First Trust
Dorsey Wright People's Portfolio ETF Quarterly $0.0796 EDOW NYSE
Arca First Trust Dow 30 Equal Weight ETF Quarterly $0.0347 FCG NYSE
Arca First Trust Natural Gas ETF Quarterly $0.1253 FCTR Cboe BZX
First Trust Lunt U.S. Factor Rotation ETF Quarterly $0.0459 FDL
NYSE Arca First Trust Morningstar Dividend Leaders Index Fund
Quarterly $0.2548 FDM NYSE Arca First Trust Dow Jones Select
MicroCap Index Fund Quarterly $0.1354 FIW NYSE Arca First Trust
Water ETF Quarterly $0.1303
Ordinary
Income
Per Share
Ticker
Exchange
Fund Name
Frequency
Amount
FPX NYSE Arca First Trust US Equity Opportunities ETF Quarterly
$0.1200 FRI NYSE Arca First Trust S&P REIT Index Fund Quarterly
$0.0991 FTCS Nasdaq First Trust Capital Strength ETF Quarterly
$0.1554 FVD NYSE Arca First Trust Value Line
® Dividend Index
Fund Quarterly $0.1629 FVL NYSE Arca First Trust Value Line
®
100 Exchange-Traded Fund Quarterly $0.0475 QABA Nasdaq First Trust
NASDAQ
® ABA Community Bank Index Fund Quarterly $0.2224 QCLN
Nasdaq First Trust NASDAQ
® Clean Edge
® Green Energy
Index Fund Quarterly $0.0243 QQEW Nasdaq First Trust NASDAQ-100
Equal Weighted Index Fund Quarterly $0.0747 QQXT Nasdaq First Trust
NASDAQ-100 Ex-Technology Sector Index Fund Quarterly $0.0458 QTEC
Nasdaq First Trust NASDAQ-100-Technology Sector Index Fund
Quarterly $0.1437 TUSA Nasdaq First Trust Total US Market
AlphaDEX
® ETF Quarterly $0.0787
First Trust Exchange-Traded Fund II BICK Nasdaq First Trust
BICK Index Fund Quarterly $0.0020 CARZ Nasdaq First Trust NASDAQ
Global Auto Index Fund Quarterly $0.4699 CIBR Nasdaq First Trust
Nasdaq Cybersecurity ETF Quarterly $0.0184 FAN NYSE Arca First
Trust Global Wind Energy ETF Quarterly $0.1021 FDD NYSE Arca First
Trust STOXX
® European Select Dividend Index Fund Quarterly
$0.4525 FDNI Nasdaq First Trust Dow Jones International Internet
ETF Quarterly $0.0110 FFR NYSE Arca First Trust FTSE EPRA/NAREIT
Developed Markets Real Estate Index Fund Quarterly $0.2604 FGD NYSE
Arca First Trust Dow Jones Global Select Dividend Index Fund
Quarterly $0.6883 FLM NYSE Arca First Trust Global Engineering and
Construction ETF Quarterly $0.6144 FPXE Nasdaq First Trust IPOX
Europe Equity Opportunities ETF Quarterly $0.2566 FPXI Nasdaq First
Trust International Equity Opportunities ETF Quarterly $0.1852 FTAG
Nasdaq First Trust Indxx Global Agriculture ETF Quarterly $0.2000
FTRI Nasdaq First Trust Indxx Global Natural Resources Income ETF
Quarterly $0.1605 GRID Nasdaq First Trust NASDAQ
® Clean
Edge
® Smart Grid Infrastructure Index Fund Quarterly $0.2621
NXTG Nasdaq First Trust Indxx NextG ETF Quarterly $0.0099 SKYY
Nasdaq First Trust Cloud Computing ETF Quarterly $0.1112
First Trust Exchange-Traded Fund VI DALI Nasdaq First Trust
Dorsey Wright DALI 1 ETF Quarterly $0.0025 DDIV Nasdaq First Trust
Dorsey Wright Momentum & Dividend ETF Quarterly $0.2360 DVLU
Nasdaq First Trust Dorsey Wright Momentum & Value ETF Quarterly
$0.0785 DVOL Nasdaq First Trust Dorsey Wright Momentum & Low
Volatility ETF Quarterly $0.0819 FID Nasdaq First Trust S&P
International Dividend Aristocrats ETF Quarterly $0.2284 FTXD
Nasdaq First Trust Nasdaq Retail ETF Quarterly $0.1004 FTXG Nasdaq
First Trust Nasdaq Food & Beverage ETF Quarterly $0.0835 FTXH
Nasdaq First Trust Nasdaq Pharmaceuticals ETF Quarterly $0.0395
FTXL Nasdaq First Trust Nasdaq Semiconductor ETF Quarterly $0.1064
FTXN Nasdaq First Trust Nasdaq Oil & Gas ETF Quarterly $0.1073
FTXO Nasdaq First Trust Nasdaq Bank ETF Quarterly $0.1906 FTXR
Nasdaq First Trust Nasdaq Transportation ETF Quarterly $0.0155 FV
Nasdaq First Trust Dorsey Wright Focus 5 ETF Quarterly $0.0088 FVC
Nasdaq First Trust Dorsey Wright Dynamic Focus 5 ETF Quarterly
$0.0641 IFV Nasdaq First Trust Dorsey Wright International Focus 5
ETF Quarterly $0.2100 LEGR Nasdaq First Trust Indxx Innovative
Transaction & Process ETF Quarterly $0.2000 MDIV Nasdaq
Multi-Asset Diversified Income Index Fund Monthly $0.1038 RDVY
Nasdaq First Trust Rising Dividend Achievers ETF Quarterly $0.1330
RNDM Nasdaq Developed International Equity Select ETF Quarterly
$0.4000 RNDV Nasdaq US Equity Dividend Select ETF Quarterly $0.1615
RNEM Nasdaq Emerging Markets Equity Select ETF Quarterly $0.2000
RNLC Nasdaq Large Cap US Equity Select ETF Quarterly $0.0922 RNMC
Nasdaq Mid Cap US Equity Select ETF Quarterly $0.1080 RNSC Nasdaq
Small Cap US Equity Select ETF Quarterly $0.0987 ROBT Nasdaq First
Trust Nasdaq Artificial Intelligence and Robotics ETF Quarterly
$0.0900 SDVY Nasdaq First Trust SMID Cap Rising Dividend Achievers
ETF Quarterly $0.1265 TDIV Nasdaq First Trust NASDAQ Technology
Dividend Index Fund Quarterly $0.2281
First Trust Exchange-Traded AlphaDEX® Fund FAB
Nasdaq First Trust Multi Cap Value AlphaDEX
® Fund Quarterly
$0.2000 FAD Nasdaq First Trust Multi Cap Growth AlphaDEX
®
Fund Quarterly $0.0300 FEX Nasdaq First Trust Large Cap Core
AlphaDEX
® Fund Quarterly $0.1879
Ordinary
Income
Per Share
Ticker
Exchange
Fund Name
Frequency
Amount
FMK Nasdaq First Trust Mega Cap AlphaDEX
® Fund Quarterly
$0.1000 FNK Nasdaq First Trust Mid Cap Value AlphaDEX
® Fund
Quarterly $0.1000 FNX Nasdaq First Trust Mid Cap Core
AlphaDEX
® Fund Quarterly $0.1500 FTA Nasdaq First Trust
Large Cap Value AlphaDEX
® Fund Quarterly $0.1600 FTC Nasdaq
First Trust Large Cap Growth AlphaDEX
® Fund Quarterly
$0.0500 FXD NYSE Arca First Trust Consumer Discretionary
AlphaDEX
® Fund Quarterly $0.0541 FXG NYSE Arca First Trust
Consumer Staples AlphaDEX
® Fund Quarterly $0.1873 FXL NYSE
Arca First Trust Technology AlphaDEX
® Fund Quarterly $0.0300
FXO NYSE Arca First Trust Financials AlphaDEX
® Fund
Quarterly $0.1000 FXU NYSE Arca First Trust Utilities
AlphaDEX
® Fund Quarterly $0.0800 FXZ NYSE Arca First Trust
Materials AlphaDEX
® Fund Quarterly $0.0800 FYT Nasdaq First
Trust Small Cap Value AlphaDEX
® Fund Quarterly $0.1000 FYX
Nasdaq First Trust Small Cap Core AlphaDEX
® Fund Quarterly
$0.1912
First Trust Exchange-Traded AlphaDEX® Fund II
FAUS NYSE Arca First Trust Australia AlphaDEX
® Fund
Quarterly $0.0840 FBZ Nasdaq First Trust Brazil AlphaDEX
®
Fund Quarterly $0.1449 FCA Nasdaq First Trust China
AlphaDEX
® Fund Quarterly $0.4138 FCAN Nasdaq First Trust
Canada AlphaDEX
® Fund Quarterly $0.0772 FDT Nasdaq First
Trust Developed Markets ex-US AlphaDEX
® Fund Quarterly
$0.5137 FDTS Nasdaq First Trust Developed Markets ex-US Small Cap
AlphaDEX
® Fund Quarterly $0.3110 FEM Nasdaq First Trust
Emerging Markets AlphaDEX
® Fund Quarterly $0.3272 FEMS
Nasdaq First Trust Emerging Markets Small Cap AlphaDEX
® Fund
Quarterly $0.3786 FEP Nasdaq First Trust Europe AlphaDEX
®
Fund Quarterly $0.4881 FEUZ Nasdaq First Trust Eurozone
AlphaDEX
® ETF Quarterly $0.5255 FGM Nasdaq First Trust
Germany AlphaDEX
® Fund Quarterly $0.8000 FHK Nasdaq First
Trust Hong Kong AlphaDEX
® Fund Quarterly $0.5018 FJP Nasdaq
First Trust Japan AlphaDEX
® Fund Quarterly $0.4400 FKU
Nasdaq First Trust United Kingdom AlphaDEX
® Fund Quarterly
$0.3538 FLN Nasdaq First Trust Latin America AlphaDEX
® Fund
Quarterly $0.2987 FPA Nasdaq First Trust Asia Pacific ex-Japan
AlphaDEX
® Fund Quarterly $0.2600 FSZ Nasdaq First Trust
Switzerland AlphaDEX
® Fund Quarterly $0.9800 NFTY Nasdaq
First Trust India NIFTY 50 Equal Weight ETF Quarterly $0.0479
FTA is a federally registered investment advisor and serves as
the Funds' investment advisor. FTA and its affiliate First Trust
Portfolios L.P. ("FTP"), a FINRA registered broker-dealer, are
privately-held companies that provide a variety of investment
services. FTA has collective assets under management or supervision
of approximately $126 billion as of May 31, 2019 through unit
investment trusts, exchange-traded funds, closed-end funds, mutual
funds and separate managed accounts. FTA is the supervisor of the
First Trust unit investment trusts, while FTP is the sponsor. FTP
is also a distributor of mutual fund shares and exchange-traded
fund creation units. FTA and FTP are based in Wheaton,
Illinois.
You should consider the investment objectives, risks, charges
and expenses of a Fund before investing. Prospectuses for the Funds
contain this and other important information and are available free
of charge by calling toll-free at 1-800-621-1675 or visiting
www.ftportfolios.com. A prospectus should be read
carefully before investing.
Past performance is no assurance of future results. Investment
return and market value of an investment in a Fund will fluctuate.
Shares, when sold, may be worth more or less than their original
cost.
Principal Risk Factors: A Fund's shares will change in value,
and you could lose money by investing in a Fund. An investment in a
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 a Fund's investment
objectives will be achieved. An investment in a Fund involves risks
similar to those of investing in any portfolio of equity securities
traded on exchanges. The risks of investing in each Fund are
spelled out in its prospectus, shareholder report, and other
regulatory filings.
An Index ETF seeks investment results that correspond generally
to the price and yield of an index. You should anticipate that the
value of an Index Fund's shares will decline, more or less, in
correlation with any decline in the value of the index. An Index
Fund's return may not match the return of the index. Unlike a Fund,
the indices do not actually hold a portfolio of securities and
therefore do not incur the expenses incurred by a Fund.
Investors buying or selling Fund shares on the secondary market
may incur customary brokerage commissions. Investors who sell Fund
shares may receive less than the share's net asset value. Shares
may be sold throughout the day on the exchange through any
brokerage account. However, unlike mutual funds, shares may only be
redeemed directly from a Fund by authorized participants, in very
large creation/redemption units. If a Fund's authorized
participants are unable to proceed with creation/redemption orders
and no other authorized participant is able to step forward to
create or redeem, Fund shares may trade at a discount to a Fund's
net asset value and possibly face delisting.
One of the principal risks of investing in a Fund is market
risk. Market risk is the risk that a particular security owned by a
Fund, Fund shares or securities in general may fall in value.
An actively managed ETF is subject to management risk because it
is an actively managed portfolio. In managing such a Fund's
investment portfolio, the portfolio managers, management teams,
advisor or sub-advisor, will apply investment techniques and risk
analyses that may not have the desired result.
A Fund that is concentrated in securities of companies in a
certain sector or industry involves additional risks, including
limited diversification. An investment in a Fund concentrated in a
single country or region may be subject to greater risks of adverse
events and may experience greater volatility than a Fund that is
more broadly diversified geographically.
Certain Funds may invest in small-capitalization and
mid-capitalization companies. Such companies may experience greater
price volatility than larger, more established companies.
There is no guarantee that the issuers of the securities in any
Fund will declare dividends in the future or that, if declared,
they will either remain at current levels or increase over
time.
An investment in a Fund containing securities of non-U.S.
issuers is subject to additional risks, including currency
fluctuations, political risks, withholding, the lack of adequate
financial information, and exchange control restrictions impacting
non-U.S. issuers. These risks may be heightened for securities of
companies located in, or with significant operations in, emerging
market countries. A Fund may invest in depositary receipts which
may be less liquid than the underlying shares in their primary
trading market.
Investments in sovereign bonds involve special risks because the
governmental authority that controls the repayment of the debt may
be unwilling or unable to repay the principal and/or interest when
due. In times of economic uncertainty, the prices of these
securities may be more volatile than those of corporate debt
obligations or of other government debt obligations.
A Fund that invests in the European region is subject to certain
risks because member states in the European Union no longer control
their own monetary policies, money supply and official interest
rates for the Euro. Rather, such control is exercised by the
European Central Bank.
The Swiss economy is dependent on the economies of other
European nations as key trading partners. Any reduction in spending
by other European countries could have a negative effect on the
Swiss economy. The European sovereign-debt crisis has resulted in a
weakened Euro and has put into question the future financial
prospects of the surrounding region. The ongoing implementation of
the European Union provisions and Euro conversion process may
materially impact revenues, expenses or income and increase
competition for other European companies, which could have an
effect on the Swiss economy.
Certain securities held by certain of the Funds are subject to
credit risk, call risk, income risk, inflation risk, interest rate
risk, prepayment risk, and zero coupon risk. Credit risk is the
risk that an issuer of a security will be unable or unwilling to
make dividend, interest and/or principal payments when due and that
the value of a security may decline as a result. Credit risk is
heightened for floating-rate loans and high-yield securities. Call
risk is the risk that if an issuer calls higher-yielding debt
instruments held by a Fund, performance could be adversely
impacted. Income risk is the risk that income from a Fund's
fixed-income investments could decline during periods of falling
interest rates. Inflation risk is the risk that the value of assets
or income from investments will be less in the future as inflation
decreases the value of money. Interest rate risk is the risk that
the value of the fixed-income securities in a Fund will decline
because of rising market interest rates. Prepayment risk is the
risk that during periods of falling interest rates, an issuer may
exercise its right to pay principal on an obligation earlier than
expected. This may result in a decline in a Fund's income. Zero
coupon risk is the risk that zero coupon bonds may be highly
volatile as interest rates rise or fall.
Senior floating-rate loans are usually rated below investment
grade but may also be unrated. As a result, the risks associated
with these loans are similar to the risks of high-yield fixed
income instruments. High-yield securities, or "junk" bonds, are
subject to greater market fluctuations and risk of loss than
securities with higher ratings, and therefore, may be highly
speculative. These securities are issued by companies that may have
limited operating history, narrowly focused operations, and/or
other impediments to the timely payment of periodic interest and
principal at maturity. The market for high-yield securities is
smaller and less liquid than that for investment grade
securities.
Income from municipal bonds held by a Fund could be declared
taxable because of, among other things, unfavorable changes in tax
laws, adverse interpretations by the Internal Revenue Service or
state tax authorities, or noncompliant conduct of a bond issuer.
Income from municipal bonds held by a Fund may be subject to the
federal alternative minimum income tax.
Convertible securities have characteristics of both equity and
debt securities and, as a result, are exposed to certain additional
risks. The values of certain synthetic convertible securities will
respond differently to market fluctuations than a traditional
convertible security because such synthetic convertibles are
composed of two or more separate securities or instruments, each
with its own market value. A Fund is subject to the credit risk
associated with the counterparty creating the synthetic convertible
instrument. Synthetic convertible securities may also be subject to
the risks associated with derivatives.
Exchange-traded notes (“ETNs”) are senior, unsecured,
unsubordinated debt securities whose returns are linked to the
performance of a particular market benchmark or strategy minus
applicable fees. The value of an ETN may be influenced by various
factors.
Real estate investment trusts (“REITs”) and real estate
operating companies (“REOCs”) are subject to certain risks,
including changes in the real estate market, vacancy rates and
competition, volatile interest rates and economic recession.
Master limited partnerships (“MLPs”) are subject to certain
risks, including price and supply fluctuations caused by
international politics, energy conservation, taxes, price controls,
and other regulatory policies of various governments. In addition,
there is the risk that an MLP could be taxed as a corporation,
resulting in decreased returns from such MLP.
Blockchain technology is an entirely new and relatively untested
technology and may never be implemented to a scale that provides
identifiable economic benefit to the companies included in a
blockchain index. Blockchain systems could be vulnerable to fraud.
There is little regulation of blockchain technology and because
blockchain technology systems may operate across many national
boundaries and regulatory jurisdictions, it is possible that it may
be subject to widespread and inconsistent regulation. The values of
the companies included in a blockchain index may not be a
reflection of their connection to blockchain technology, but may be
based on other business operations. Currently, blockchain
technology is primarily used for the recording of transactions in
digital currency, which are extremely speculative, unregulated and
volatile. Because digital assets registered in a blockchain do not
have a standardized exchange, like a stock market, there is less
liquidity for such assets and greater possibility of fraud or
manipulation.
A Fund may invest in robotics and artificial intelligence
companies, which may have limited product lines, markets, financial
resources or personnel and are subject to the risks of changes in
business cycles, world economic growth, technological progress, and
government regulation. These companies are also heavily dependent
on intellectual property rights, and challenges to or
misappropriation of such rights could have a material adverse
effect on such companies. Securities of robotics and artificial
intelligence companies tend to be more volatile than securities of
companies that rely less heavily on technology. Robotics and
artificial intelligence companies typically engage in significant
amounts of spending on research and development, and rapid changes
to the field could have a material adverse effect on a company's
operating results.
The use of futures, options, and other derivatives can lead to
losses because of adverse movements in the price or value of the
underlying asset, index or rate, which may be magnified by certain
features of the derivatives. These risks are heightened when a
Fund's portfolio managers use derivatives to enhance a Fund's
return or as a substitute for a position or security, rather than
solely to hedge (or offset) the risk of a position or security held
by a Fund.
The stocks of companies that have recently conducted an initial
public offering have exhibited above-average price appreciation in
connection with the initial public offering prior to inclusion in a
Fund, which may not continue, and these investments may be subject
to additional risks, price volatility and speculative trading.
A Fund may effect a portion of creations and redemptions for
cash, rather than in-kind securities. As a result, an investment in
a Fund may be less tax-efficient than an investment in an
exchange-traded fund that effects its creations and redemptions for
in-kind securities.
A Fund's investment in repurchase agreements may be subject to
market and credit risk with respect to the collateral securing the
repurchase agreements.
Alternative investments may employ complex strategies, have
unique investment and risk characteristics and may not be suitable
for all investors.
Certain Funds may invest in other investment companies,
including closed-end funds (“CEFs”), ETFs and affiliated ETFs,
which involves additional expenses that would not be present in a
direct investment in the underlying funds. In addition, a Fund's
investment performance and risks may be related to the investment
and performance of the underlying funds.
A Fund may invest in U.S. government obligations. U.S. Treasury
obligations are backed by the "full faith and credit" of the U.S.
government. Securities issued or guaranteed by federal agencies and
U.S. government sponsored instrumentalities may or may not be
backed by the full faith and credit of the U.S. government.
Short selling creates special risks which could result in
increased volatility of returns. In times of unusual or adverse
market, economic, regulatory or political conditions, a Fund may
not be able, fully or partially, to implement its short selling
strategy.
Certain Funds may invest in distressed securities, and many
distressed securities are illiquid or trade in low volumes and thus
may be more difficult to value. Illiquid securities involve the
risk that the securities will not be able to be sold at the time
desired by the Fund or at prices approximately the value at which
the Fund is carrying the securities on its books.
Because the shares of CEFs cannot be redeemed upon demand,
shares of many CEFs will trade on exchanges at market prices rather
than net asset value, which may cause the shares to trade at a
price greater than the net asset value (“NAV”) (premium) or less
than NAV (discount). There can be no assurance that the market
discount on shares of any CEF purchased by a Fund will ever
decrease or that when a Fund seeks to sell shares of a CEF, it can
receive the NAV for those shares. A Fund may also be exposed to
higher volatility in the market due to indirect use of leverage
through its investment in CEFs. CEFs may issue senior securities in
an attempt to enhance returns.
Certain Funds have fewer assets than larger, more established
funds, and like other relatively new funds, large inflows and
outflows may impact such Funds' market exposure for limited periods
of time.
"AlphaDEX®" is a registered trademark of First Trust Portfolios
L.P. First Trust Portfolios L.P. has obtained a patent for the
AlphaDEX® stock selection methodology from the United States Patent
and Trademark Office.
Nasdaq®, NASDAQ-100®, NASDAQ-100 Index®, NASDAQ-100 Technology
Sector IndexSM, NASDAQ-100 Ex-Tech Sector IndexSM, NASDAQ-100 Equal
Weighted IndexSM, NASDAQ OMX Global Auto IndexSM, Nasdaq CTA
Cybersecurity IndexSM and Nasdaq CTA Artificial Intelligence and
Robotics IndexSM, are trademarks of Nasdaq, Inc. (which with its
affiliates is referred to as the "Corporations") and are licensed
for use by FTA. The Funds have not been passed on by the
Corporations as to its legality or suitability. The Funds are not
issued, endorsed, sold, or promoted by the Corporations. THE
CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT
TO THE FUNDS.
Nasdaq® and Clean Edge® are the registered trademarks (the
"Marks") of Nasdaq, Inc. ("Nasdaq") and Clean Edge, Inc. ("Clean
Edge") respectively. Nasdaq and Clean Edge are, collectively with
their affiliates, the "Corporations". The Marks are licensed for
use by FTA. The Funds have not been passed on by the Corporations
as to its legality or suitability. The Funds are not issued,
endorsed, sold or promoted by the Corporations. The Funds should
not be construed in any way as investment advice by the
Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO
LIABILITY WITH RESPECT TO THE FUNDS.
Nasdaq® and NASDAQ OMX® ABA Community Bank IndexSM are
trademarks of Nasdaq, Inc. and American Bankers Association,
(Nasdaq and ABA, collectively with their affiliates, are referred
to as the "Corporations") and are licensed for use by FTA. The
Funds have not been passed on by the Corporations as to its
legality or suitability. The Funds are not issued, endorsed, sold,
or promoted by the Corporations. THE CORPORATIONS MAKE NO
WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE FUND.
Nasdaq®, NASDAQ Technology Dividend IndexSM, NASDAQ US
Multi-Asset Diversified Income IndexSM and NASDAQ US Rising
Dividend Achievers IndexSM are registered trademarks and service
marks of Nasdaq, Inc. (which with its affiliates is referred to as
the "Corporations") and are licensed for use by FTA. The Funds have
not been passed on by the Corporations as to its legality or
suitability. The Funds are not issued, endorsed, sold, or promoted
by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND
BEAR NO LIABILITY WITH RESPECT TO THE FUNDS.
The Capital Strength IndexTM is the trademark (the "Mark") of
Nasdaq. The Mark is licensed for use by First Trust Portfolios L.P.
The Funds have not been passed on by Nasdaq as to its legality or
suitability. The Fund is not issued, endorsed, sold or promoted by
Nasdaq. The Fund should not be construed in any way as investment
advice by Nasdaq. NASDAQ MAKES NO WARRANTIES AND BEARS NO
LIABILITY WITH RESPECT TO THE FUND OR THE CAPITAL STRENGTH
INDEXTM.
"Value Line®", "Value Line® 100 Index" and "Value Line® Dividend
Index" are trademarks or registered trademarks of Value Line, Inc.
("Value Line") in the United States and other countries and have
been licensed for use for certain purposes by FTA. These products
are not sponsored, endorsed, recommended, sold or promoted by Value
Line and Value Line makes no representation regarding the
advisability of investing in products utilizing such strategy.
First Trust Advisors L.P. is not affiliated with any Value Line
company.
Standard & Poor's® and S&P® are registered trademarks of
Standard & Poor's Financial Services LLC ("S&P") and have
been licensed for use by FTA. The First Trust S&P REIT Index
Fund is not sponsored, endorsed, sold or promoted by S&P or its
affiliates, and S&P and its affiliates make no representation,
warranty or condition regarding the advisability of buying, selling
or holding shares of the First Trust S&P REIT Index Fund.
Morningstar is a registered trademark of Morningstar, Inc. and
has been licensed for use by FTA. The First Trust Morningstar
Dividend Leaders Index Fund is not sponsored, endorsed, issued,
sold or promoted by Morningstar, Inc., nor does this company make
any representation regarding the advisability of investing in First
Trust Morningstar Dividend Leaders Index Fund.
The Dow Jones Select MicroCap IndexSM, Dow Jones International
Internet IndexSM and Dow Jones Global Select Dividend IndexSM are
products of S&P Dow Jones Indices LLC ("SPDJI") and have been
licensed for use by First Trust. Dow Jones®, Dow Jones Select
MicroCap IndexSM, Dow Jones International Internet IndexSM and Dow
Jones Global Select Dividend IndexSM are trademarks of Dow Jones
Trademark Holdings LLC ("Dow Jones"), and have been licensed to
SPDJI and have been sublicensed for use for certain purposes by FTA
on behalf of the Funds. First Trust's ETFs, based on Dow Jones
Indexes, are not sponsored, endorsed, sold or promoted by SPDJI,
Dow Jones or their respective affiliates, and none of them makes
any representation regarding the advisability of investing in such
products.
The STOXX Europe Select Dividend 30 Index and the trademarks
used in the index name are the intellectual property of STOXX
Limited, Zurich, Switzerland and/or its licensors. The index is
used under license from STOXX. The ETF based on the index is in no
way sponsored, endorsed, sold or promoted by STOXX and/or its
licensors and neither STOXX nor its licensors shall have any
liability with respect thereto.
A patent with respect to the IPOX® index methodology has been
issued (U.S. Pat. No. 7,698,197). IPOX® is a registered
international trademark of IPOX® Schuster LLC
(www.ipoxschuster.com).
The First Trust Natural Gas ETF, First Trust Water ETF, First
Trust Global Engineering and Construction ETF, First Trust Global
Wind Energy ETF, First Trust Cloud Computing ETF and First Trust
BICK Index Fund are not sponsored, endorsed, sold or promoted by
the International Securities Exchange (“ISE”). ISE makes no
representation or warranty, express or implied, to the owners of
the Funds or any member of the public regarding the advisability of
trading in the Funds. ISE's only relationship to First Trust is the
licensing of certain trademarks and trade names of ISE and of the
indexes which are determined, composed and calculated by ISE
without regard to First Trust or the Funds.
The FTSE EPRA/NAREIT Developed Index is calculated by FTSE
International Limited ("FTSE"). FTSE does not sponsor, endorse or
promote the First Trust FTSE EPRA/NAREIT Developed Markets Real
Estate Index Fund. All copyright in the index values and
constituent list vests in FTSE and/or its licensors. FTA and the
First Trust FTSE EPRA/NAREIT Developed Markets Real Estate Index
Fund has obtained full license from FTSE to use such copyright in
the creation of the First Trust FTSE EPRA/NAREIT Developed Markets
Real Estate Index Fund. "FTSE®", "FT-SE®" and "Footsie®" are
trademarks jointly owned by the London Stock Exchange Plc and the
Financial Times Limited and are used by FTSE under license.
"NAREIT®" is the trademark of the National Association of Real
Estate Investment Trusts and "EPRA®" is the trademark of the
European Public Real Estate Association and are used by FTSE under
license.
First Trust Dorsey Wright Focus 5 ETF, First Trust Dorsey Wright
International Focus 5 ETF and First Trust Dorsey Wright Dynamic
Focus 5 ETF are not sponsored, endorsed, sold or promoted by Dorsey
Wright. Dorsey Wright makes no representation or warranty, express
or implied, to the owners of the Funds or any member of the public
regarding the advisability of trading in the Funds. Dorsey Wright's
only relationship to First Trust is the licensing of certain
trademarks and trade names of Dorsey Wright and of the index, which
is determined, composed and calculated by Dorsey Wright without
regard to First Trust or the Funds.
First Trust Indxx Global Agriculture ETF and First Trust Indxx
Global Natural Resources Income ETF are not sponsored, endorsed,
sold or promoted by Indxx, LLC. Indxx, LLC makes no representation
or warranty, express or implied, to the owners of the Funds or any
member of the public regarding the advisability of trading in the
Funds. Indxx, LLC's only relationship to First Trust is the
licensing of certain trademarks and trade names of Indxx, LLC, the
Indxx Global Natural Resources Income Index and the Indxx Global
Agriculture Index which are determined, composed and calculated by
Indxx, LLC without regard to First Trust or the Funds.
The Dow Jones Industrial Average® Equal Weight Index is a
product of S&P Dow Jones Indices LLC ("SPDJI"), and has been
licensed for use by First Trust. Dow Jones® and Dow Jones
Industrial Average® Equal Weight Index are trademarks of Dow Jones
Trademark Holdings LLC ("Dow Jones") and have been licensed to
SPDJI and have been sublicensed for use for certain purposes by
First Trust on behalf of the Fund. The First Trust Dow 30 Equal
Weight Index Fund is not sponsored, endorsed, sold or promoted by
SPDJI, Dow Jones or their respective affiliates and none of them
makes any representation regarding the advisability of investing in
such product.
"Indxx", "Indxx 5G & NextG Thematic Index" and "Indxx
Blockchain Index" are trademarks of Indxx, LLC and have been
licensed for use for certain purposes by First Trust Advisors L.P.
First Trust Indxx NextG ETF is based on the Indxx 5G & NextG
Thematic Index, and First Trust Indxx Innovative Transaction &
Process ETF is based on the Indxx Blockchain Index, and are not
sponsored, endorsed, sold or promoted by Indxx, LLC, and Indxx, LLC
makes no representation regarding the advisability of trading in
such products.
The Lunt Capital Large Cap Factor Rotation Index (The “Index”)
is the property of Lunt Capital Management, Inc., which has
contracted with Nasdaq, Inc. to calculate and maintain the Index.
The First Trust Lunt U.S. Factor Rotation ETF (the “Fund”) is not
sponsored, endorsed, sold or promoted by Nasdaq, Inc. or its
affiliates (Nasdaq, with its affiliates, are referred to as the
"Corporations"). The Corporations have not passed on the legality
or suitability of, or the accuracy or adequacy of descriptions and
disclosures relating to, the Fund. The Corporations make no
representation or warranty, express or implied to the owners of the
Fund or any member of the public regarding the advisability of
investing in securities generally or in the Fund particularly, or
the ability of the index to track general stock performance.
The First Trust Dorsey Wright Momentum & Dividend ETF, the
First Trust Dorsey Wright Momentum & Value ETF and the First
Trust Dorsey Wright Momentum & Low Volatility ETF
(collectively, the “Funds”) are not sponsored, endorsed, sold or
promoted by Nasdaq, Inc. or its affiliates (Nasdaq, with its
affiliates, are referred to as the "Corporations"). The
Corporations have not passed on the legality or suitability of, or
the accuracy or adequacy of descriptions and disclosures relating
to, the Funds. The Corporations make no representation or warranty,
express or implied to the owners of the Funds or any member of the
public regarding the advisability of investing in securities
generally or in the Funds particularly, or the ability of the
indexes to track general stock performance.
Standard & Poor's® and S&P® are registered trademarks of
Standard & Poor's Financial Services LLC ("S&P") and have
been licensed for use by First Trust Advisors L.P. The First Trust
S&P International Dividend Aristocrats ETF is not sponsored,
endorsed, sold or promoted by S&P or its affiliates, and
S&P and its affiliates make no representation, warranty or
condition regarding the advisability of buying, selling or holding
shares of the First Trust S&P International Dividend
Aristocrats ETF.
The First Trust India NIFTY 50 Equal Weight ETF is not
sponsored, endorsed, sold or promoted by NSE Indices Limited. NSE
Indices Limited does not make any representation or warranty,
express or implied (including warranties of merchantability or
fitness for particular purpose or use) and disclaims all liability
to the owners of the Fund or any member of the public regarding the
advisability of investing in securities generally or in the Fund
linked to the NIFTY 50 Equal Weight Index or particularly in the
ability of the NIFTY 50 Equal Weight Index to track general stock
market performance in India.
The First Trust Dorsey Wright DALI 1 ETF is not sponsored,
endorsed, sold or promoted by Nasdaq, Inc. Nasdaq, Inc. makes no
representation or warranty, express or implied, to the owners of
the Fund or any member of the public regarding the advisability of
trading in the Fund. Nasdaq Inc.'s only relationship to First Trust
is the licensing of certain trademarks and trade names of Nasdaq,
Inc. and of the index, which is determined, composed and calculated
by Nasdaq, Inc. or its agent, without regard to First Trust or the
Fund.
The information presented is not intended to constitute an
investment recommendation for, or advice to, any specific person.
By providing this information, First Trust is not undertaking to
give advice in any fiduciary capacity within the meaning of ERISA,
the Internal Revenue Code or any other regulatory framework.
Financial advisors are responsible for evaluating investment risks
independently and for exercising independent judgment in
determining whether investments are appropriate for their
clients.
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