First Trust Alternative Absolute Return Strategy ETF (FAAR)

First Trust Global Tactical Commodity Strategy Fund (FTGC)

First Trust Hedged BuyWrite Income ETF (FTLB)

First Trust Managed Futures Strategy Fund (FMF)

First Trust North American Energy Infrastructure Fund (EMLP)

EquityCompass Tactical Risk Manager ETF (TERM)

First Trust RiverFront Dynamic Asia Pacific ETF (RFAP)

First Trust RiverFront Dynamic Developed International ETF (RFDI)

First Trust RiverFront Dynamic Emerging Markets ETF (RFEM)

First Trust RiverFront Dynamic Europe ETF (RFEU)

First Trust Preferred Securities and Income ETF (FPE)

First Trust Institutional Preferred Securities and Income ETF (FPEI)

First Trust SSI Strategic Convertible Securities ETF (FCVT)

First Trust CEF Income Opportunity ETF (FCEF)

First Trust Horizon Managed Volatility Domestic ETF (HUSV)

First Trust Horizon Managed Volatility Developed International ETF (HDMV)

First Trust Heitman Global Prime Real Estate ETF (PRME)

First Trust Emerging Markets Local Currency Bond ETF (FEMB)

First Trust Enhanced Short Maturity ETF (FTSM)

First Trust Long Duration Opportunities ETF (LGOV)

First Trust Low Duration Opportunities ETF (LMBS)

First Trust Low Duration Strategic Focus ETF (LDSF)

First Trust TCW Opportunistic Fixed Income ETF (FIXD)

First Trust TCW Unconstrained Plus Bond ETF (UCON)

First Trust California Municipal High Income ETF (FCAL)

First Trust Municipal CEF Income Opportunity ETF (MCEF)

First Trust Short Duration Managed Municipal ETF (FSMB)

First Trust Ultra Short Duration Managed Municipal ETF (FUMB)

First Trust Alternative Absolute Return Strategy ETF (FAAR)

First Trust Global Tactical Commodity Strategy Fund (FTGC)

First Trust Hedged BuyWrite Income ETF (FTLB)

First Trust Managed Futures Strategy Fund (FMF)

First Trust Dorsey Wright Dynamic Focus 5 ETF (FVC)

First Trust Dorsey Wright International Focus 5 ETF (IFV)

First Trust Dorsey Wright Momentum & Dividend ETF (DDIV)

First Trust Dorsey Wright Momentum & Low Volatility ETF (DVOL)

First Trust Dorsey Wright Momentum & Value ETF (DVLU)

First Trust Dorsey Wright Peoples Portfolio ETF (DWPP)

First Trust RiverFront Dynamic Asia Pacific ETF (RFAP)

First Trust RiverFront Dynamic Developed International ETF (RFDI)

First Trust RiverFront Dynamic Emerging Markets ETF (RFEM)

First Trust RiverFront Dynamic Europe ETF (RFEU)

First Trust Dorsey Wright Peoples Portfolio ETF (DWPP)

First Trust Dow Jones Global Select Dividend Index Fund (FGD)

First Trust Morningstar Dividend Leaders Index Fund (FDL)

First Trust NASDAQ Technology Dividend Index Fund (TDIV)

First Trust North American Energy Infrastructure Fund (EMLP)

First Trust Dorsey Wright Momentum & Dividend ETF (DDIV)

First Trust Rising Dividend Achievers ETF (RDVY)

First Trust S&P International Dividend Aristocrats ETF (FID)

First Trust SMID Cap Rising Dividend Achievers ETF (SDVY)

First Trust STOXX® European Select Dividend Index Fund (FDD)

First Trust Value Line® Dividend Index Fund (FVD)

First Trust CEF Income Opportunity ETF (FCEF)

First Trust Hedged BuyWrite Income ETF (FTLB)

First Trust Institutional Preferred Securities and Income ETF (FPEI)

First Trust Preferred Securities and Income ETF (FPE)

First Trust SSI Strategic Convertible Securities ETF (FCVT)

Multi-Asset Diversified Income Index Fund (MDIV)

First Trust Emerging Markets Local Currency Bond ETF (FEMB)

First Trust Enhanced Short Maturity ETF (FTSM)

First Trust Long Duration Opportunities ETF (LGOV)

First Trust Low Duration Opportunities ETF (LMBS)

First Trust Low Duration Strategic Focus ETF (LDSF)

First Trust TCW Opportunistic Fixed Income ETF (FIXD)

First Trust TCW Unconstrained Plus Bond ETF (UCON)

First Trust California Municipal High Income ETF (FCAL)

First Trust Municipal CEF Income Opportunity ETF (MCEF)

First Trust Short Duration Managed Municipal ETF (FSMB)

First Trust Ultra Short Duration Managed Municipal ETF (FUMB)

First Trust Consumer Discretionary AlphaDEX® Fund (FXD)

First Trust NASDAQ Global Auto Index Fund (CARZ)

First Trust Consumer Staples AlphaDEX® Fund (FXG)

First Trust Nasdaq Food & Beverage ETF (FTXG)

First Trust Indxx Global Natural Resources Income ETF (FTRI)

First Trust NASDAQ® ABA Community Bank Index Fund (QABA)

First Trust Nasdaq Pharmaceuticals ETF (FTXH)

First Trust NYSE Arca Biotechnology Index Fund (FBT)

First Trust Industrials/Producer Durables AlphaDEX® Fund (FXR)

First Trust NASDAQ® Clean Edge® Smart Grid Infrastructure Index Fund (GRID)

First Trust RBA American Industrial Renaissance™ ETF (AIRR)

First Trust Indxx Global Agriculture ETF (FTAG)

First Trust FTSE EPRA/NAREIT Developed Markets Real Estate Index Fund (FFR)

First Trust Heitman Global Prime Real Estate ETF (PRME)

First Trust Dow Jones International Internet ETF (FDNI)

First Trust Dow Jones Internet Index Fund (FDN)

First Trust Indxx Innovative Transaction & Process ETF (LEGR)

First Trust Nasdaq Artificial Intelligence and Robotics ETF (ROBT)

First Trust NASDAQ Technology Dividend Index Fund (TDIV)

First Trust NASDAQ-100-Technology Sector Index Fund (QTEC)

First Trust Horizon Managed Volatility Domestic ETF (HUSV)

First Trust Large Cap Core AlphaDEX® Fund (FEX)

First Trust Large Cap Growth AlphaDEX® Fund (FTC)

First Trust Large Cap Value AlphaDEX® Fund (FTA)

First Trust Morningstar Dividend Leaders Index Fund (FDL)

First Trust Value Line® Dividend Index Fund (FVD)

First Trust Mid Cap Core AlphaDEX® Fund (FNX)

First Trust Mid Cap Growth AlphaDEX® Fund (FNY)

First Trust Mid Cap Value AlphaDEX® Fund (FNK)

First Trust Developed Markets ex-US Small Cap AlphaDEX® Fund (FDTS)

First Trust Emerging Markets Small Cap AlphaDEX® Fund (FEMS)

First Trust Small Cap Core AlphaDEX® Fund (FYX)

First Trust Small Cap Growth AlphaDEX® Fund (FYC)

First Trust Small Cap Value AlphaDEX® Fund (FYT)

First Trust Dow Jones Select MicroCap Index Fund (FDM)

First Trust Multi Cap Growth AlphaDEX® Fund (FAD)

First Trust Multi Cap Value AlphaDEX® Fund (FAB)

First Trust Total US Market AlphaDEX® ETF (TUSA)

First Trust Value Line® 100 Exchange-Traded Fund (FVL)

Developed International Equity Select ETF (RNDM)

First Trust Developed Markets ex-US AlphaDEX® Fund (FDT)

First Trust Dorsey Wright International Focus 5 ETF (IFV)

First Trust Dow Jones Global Select Dividend Index Fund (FGD)

First Trust Emerging Markets AlphaDEX® Fund (FEM)

First Trust International Equity Opportunities ETF (FPXI)

First Trust Asia Pacific ex-Japan AlphaDEX® Fund (FPA)

First Trust IPOX® Europe Equity Opportunities ETF (FPXE)

First Trust Latin America AlphaDEX® Fund (FLN)

First Trust STOXX® European Select Dividend Index Fund (FDD)

First Trust India NIFTY 50 Equal Weight ETF (NFTY)

First Trust United Kingdom AlphaDEX® Fund (FKU)

First Trust Dow Jones International Internet ETF (FDNI)

First Trust FTSE EPRA/NAREIT Developed Markets Real Estate Index Fund (FFR)

First Trust Global Engineering and Construction ETF (FLM)

First Trust Indxx Global Agriculture ETF (FTAG)

First Trust Indxx Global Natural Resources Income ETF (FTRI)

First Trust NASDAQ Global Auto Index Fund (CARZ)

First Trust Dow Jones Global Select Dividend Index Fund (FGD)

First Trust S&P International Dividend Aristocrats ETF (FID)

First Trust STOXX® European Select Dividend Index Fund (FDD)

First Trust Developed Markets ex-US Small Cap AlphaDEX® Fund (FDTS)

First Trust Emerging Markets Small Cap AlphaDEX® Fund (FEMS)

First Trust Horizon Managed Volatility Developed International ETF (HDMV)

First Trust RiverFront Dynamic Asia Pacific ETF (RFAP)

First Trust RiverFront Dynamic Developed International ETF (RFDI)

First Trust RiverFront Dynamic Emerging Markets ETF (RFEM)

First Trust RiverFront Dynamic Europe ETF (RFEU)

First Trust NASDAQ® Clean Edge® Green Energy Index Fund (QCLN)

First Trust NASDAQ® Clean Edge® Smart Grid Infrastructure Index Fund (GRID)

EquityCompass Tactical Risk Manager ETF (TERM)

First Trust Dorsey Wright Dynamic Focus 5 ETF (FVC)

First Trust Dorsey Wright Momentum & Low Volatility ETF (DVOL)

First Trust Dorsey Wright Momentum & Value ETF (DVLU)

First Trust Dorsey Wright Peoples Portfolio ETF (DWPP)

First Trust International Equity Opportunities ETF (FPXI)

First Trust IPOX® Europe Equity Opportunities ETF (FPXE)

First Trust Lunt U.S. Factor Rotation ETF (FCTR)

First Trust NASDAQ-100 Equal Weighted Index Fund (QQEW)

First Trust NASDAQ-100 Ex-Technology Sector Index Fund (QQXT)

First Trust US Equity Opportunities ETF (FPX)

First Trust Value Line® 100 Exchange-Traded Fund (FVL)

First Trust Developed Markets ex-US AlphaDEX® Fund (FDT)

First Trust Emerging Markets AlphaDEX® Fund (FEM)

First Trust Asia Pacific ex-Japan AlphaDEX® Fund (FPA)

First Trust Latin America AlphaDEX® Fund (FLN)

First Trust United Kingdom AlphaDEX® Fund (FKU)

First Trust Developed Markets ex-US Small Cap AlphaDEX® Fund (FDTS)

First Trust Emerging Markets Small Cap AlphaDEX® Fund (FEMS)

First Trust Consumer Discretionary AlphaDEX® Fund (FXD)

First Trust Consumer Staples AlphaDEX® Fund (FXG)

First Trust Industrials/Producer Durables AlphaDEX® Fund (FXR)

First Trust Large Cap Core AlphaDEX® Fund (FEX)

First Trust Large Cap Growth AlphaDEX® Fund (FTC)

First Trust Large Cap Value AlphaDEX® Fund (FTA)

First Trust Mid Cap Core AlphaDEX® Fund (FNX)

First Trust Mid Cap Growth AlphaDEX® Fund (FNY)

First Trust Mid Cap Value AlphaDEX® Fund (FNK)

First Trust Developed Markets ex-US Small Cap AlphaDEX® Fund (FDTS)

First Trust Emerging Markets Small Cap AlphaDEX® Fund (FEMS)

First Trust Small Cap Core AlphaDEX® Fund (FYX)

First Trust Small Cap Growth AlphaDEX® Fund (FYC)

First Trust Small Cap Value AlphaDEX® Fund (FYT)

First Trust Multi Cap Growth AlphaDEX® Fund (FAD)

First Trust Multi Cap Value AlphaDEX® Fund (FAB)

First Trust Total US Market AlphaDEX® ETF (TUSA)

First Trust ETFs Rated 4 or 5 Stars by Morningstar

Quantitative Stock Selection White Paper (PDF)

First Trust/Dow Jones Dividend & Income Allocation Portfolio

First Trust Multi Income Allocation Portfolio

First Trust Dorsey Wright Tactical Core Portfolio

–First Trust Senior Floating Rate 2022 Target Term Fund (FIV)

–First Trust Dynamic Europe Equity Income Fund (FDEU)

–First Trust New Opportunities MLP & Energy Fund (FPL)

–First Trust Intermediate Duration Preferred & Income Fund (FPF)

–First Trust MLP and Energy Income Fund (FEI)

–First Trust Energy Infrastructure Fund (FIF)

–First Trust High Income Long/Short Fund (FSD)

–First Trust Specialty Finance and Financial Opportunities Fund (FGB)

–First Trust/Aberdeen Emerging Opportunity Fund (FEO)

–First Trust/Aberdeen Global Income Fund (FAM)

–First Trust Enhanced Equity Income Fund (FFA)

–First Trust Energy Income and Growth Fund (FEN)

–First Trust Senior Floating Rate Income Fund II (FCT)

–Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund (MFD)

–First Trust Preferred Securities and Income Fund

–First Trust Short Duration High Income Fund

–First Trust/Confluence Small Cap Value Fund

Financial Advisors: Request a 401(k) Proposal

First Trust Alternative Absolute Return Strategy ETF (FAAR)

The First Trust Alternative Absolute Return Strategy ETF is an actively managed exchange-traded fund that seeks to provide investors with long-term total return.

There can be no assurance that the Funds investment objectives will be achieved.

Top Holdings – Long Exposure (as of 8/2/2019)*

* Excluding cash.Holdings are subject to change.

The price used to calculate market return is determined by using the midpoint between the highest bid and the lowest offer on the stock exchange, on which shares of the Fund are listed for trading, as of the time that the Funds NAV is calculated.

is an indication of how much an investment outperforms or underperforms on a risk-adjusted basis relative to its benchmark.

is a measure of price variability relative to the market.

is a measure of excess reward per unit of volatility.

is a measure of the similarity of performance.

*Performance data quoted represents past performance. Past performance is not a guarantee of future results and current performance may be higher or lower than performance quoted. Investment returns and principal value will fluctuate and shares when sold or redeemed, may be worth more or less than their original cost.

After Tax Held returns represent return after taxes on distributions. Assumes shares have not been sold. After Tax Sold returns represent the return after taxes on distributions and the sale of fund shares. Returns do not represent the returns you would receive if you traded shares at other times. Market Price returns are based on the midpoint of the bid/ask spread on the stock exchange on which shares of the fund are listed for trading as of the time that the funds NAV is calculated. Returns are average annualized total returns, except those for periods of less than one year, which are cumulative.

After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investors tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.

Indexes do not charge management fees or brokerage expenses, and no such fees or expenses were deducted from the performance shown. Indexes are unmanaged and an investor cannot invest directly in an index.

Bloomberg Commodity Index – The Index is made up of exchange-traded futures on physical commodities and represents 20 commodities, which are weighted to account for economic significance and market liquidity.

3 Month U.S. Treasury Bills + 3% – The Index is made up of 3 Month U.S. Treasury Bills and a spread of 3 percent accrued daily because the Treasury bill rate can fluctuate over time.

S&P 500 Index – The Index is an unmanaged index of 500 stocks used to measure large-cap U.S. stock market performance.

The NAV represents the funds net assets (assets less liabilities) divided by the funds outstanding shares .

Fund shares are purchased and sold on an exchange at their market price rather than net asset value (NAV), which may cause the shares to trade at a price greater than NAV (premium) or less than NAV (discount).

Most recent distribution paid or declared to todays date. Subject to change in the future. There is no guarantee that the fund will declare dividends.

The 30-day SEC yield is calculated by dividing the net investment income per share earned during the most recent 30-day period by the maximum offering price per share on the last day of the period and includes the effects of fee waivers and expense reimbursements, if applicable.

12-Month Distribution Rate is calculated by dividing the sum of the funds trailing 12-month ordinary distributions paid or declared by the NAV price. Distribution rates may vary.

You should consider the funds investment objectives, risks, and charges and expenses carefully before investing. You can download a prospectus or summary prospectus, or contact First Trust Portfolios L.P. at 1- to request a prospectus or summary prospectus which contains this and other information about the fund. The prospectus or summary prospectus should be read carefully before investing.

The fund lists and principally trades its shares onThe Nasdaq Stock Market LLC.

Investors buying or selling fund shares on the secondary market may incur customary brokerage commissions. Market prices may differ to some degree from the net asset value of the shares. Investors who sell fund shares may receive less than the shares 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 the fund by authorized participants, in very large creation/redemption units. If the funds 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 the funds net asset value and possibly face delisting.

The funds shares will change in value, and you could lose money by investing in the fund. One of the principal risks of investing in the fund is 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.

The trading prices of commodities futures, fixed income securities and other instruments fluctuate in response to a variety of factors. The funds net asset value and market price may fluctuate significantly in response to these factors. As a result, an investor could lose money over short or long periods of time. In addition, the net asset value of the fund may be more volatile over short-term periods than other investment options because of the funds significant use of financial instruments that have a leveraging effect.

The fund is subject to management risk because it is an actively managed portfolio. In managing the funds investment portfolio, the advisor will apply investment techniques and risk analyses that may not have the desired result. There can be no guarantee that the fund will meet its investment objective.

The fund does not invest directly in futures instruments. Rather, it invests in a wholly owned subsidiary, which will have the same investment objective as the fund, but unlike the fund, it may invest without limitation in futures instruments. The subsidiary is not registered under the 1940 Act and is not subject to all the investor protections of the 1940 Act. Thus, the fund, as an investor in the subsidiary, will not have all the protections offered to investors in registered investment companies.

The failure or bankruptcy of the funds and the subsidiarys clearing broker could result in a substantial loss of fund assets.

The value of commodity futures typically is based upon the price movements of a physical commodity or an economic variable linked to such price movements. The prices of commodity futures may fluctuate quickly and dramatically and may not correlate to price movements in other asset classes. An active trading market may not exist for certain commodities. Each of these factors and events could have a significant negative impact on the fund.

All futures and futures-related products are highly volatile. Price movements are influenced by a variety of factors, including: changes in overall economic conditions, changes in interest rates, or factors affecting a particular commodity or industry, such as production, supply, demand, drought, floods, weather, political, economic and regulatory developments. Futures contracts may be less liquid than other types of investments.

The frequent trading of futures contracts may increase the amount of commissions or mark-ups to broker-dealers that the fund pays when it buys and sells contracts, which may detract from the funds performance.

The fund will, under most circumstances, effect most creations and redemptions, in whole or in part for cash, rather than in-kind securities. As a result, the fund may be less tax-efficient.

Trading on commodity markets outside the U.S. is not regulated by any U.S. government agency and may involve certain risks not applicable to trading on U.S. exchanges. The subsidiary is subject to portfolio turnover risk, which may result in the fund paying higher levels of transaction costs and generating greater tax liability for shareholders, with the potential to lessen performance. The fund holds 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 may affect the value of the funds investments and the value of the funds shares. The fund intends to treat any income it may derive from commodity futures contracts received by the subsidiary as qualified income, subject to regulatory rules and annual re-examination.

The fund may be subject to the forces of whipsaw markets (as opposed to choppy or stable markets), in which significant price movements develop but then repeatedly reverse, which could cause substantial losses.

The fund is classified as non-diversified and 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 concentrated in certain issuers.

Shorting may result in greater gains or greater losses. Short selling creates special risks which could result in increased volatility of returns. Because losses on short sales arise from increases in the value of the security sold short, such losses are theoretically unlimited.

Certain securities in the fund are subject to credit risk, interest rate risk, and income 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. Interest rate risk is the risk that the value of the fixed income securities in the fund will decline because of rising market interest rates. Income risk is the risk that income from the funds fixed income investments could decline during periods of falling interest rates.

The fund currently has fewer assets than larger funds, and like other relatively new funds, large inflows and outflows may impact the funds market exposure for limited periods of time.

The fund is subject to gap risk, which is the risk that a commodity price will change from one level to another with no trading in between.

The fund is subject to regulatory risk, which may result in commodity contract positions requiring liquidation at disadvantageous times or prices.

The funds investment in repurchase agreements may be subject to market and credit risk with respect to the collateral securing the repurchase agreements.

The fund may invest in U.S. government obligations, including U.S.Treasury obligations and securities. 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.

First Trust Advisors L.P. is the adviser to the fund. First Trust Advisors L.P. is an affiliate of First Trust Portfolios L.P., the funds distributor.

First Trust Advisors L.P. is registered as a commodity pool operator and commodity trading advisor and is also a member of the National Futures Association.

Not FDIC Insured Not Bank Guaranteed May Lose Value

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.

First Trust Portfolios L.P. MemberSIPCandFINRA.