First Trust Advisors L.P. ("FTA") announces the declaration of
distributions for 133 exchange-traded fund(s) (each a “Fund,”
collectively, the “Funds”) advised by FTA.
The following dates apply to today's distribution
declarations:
Expected Ex-Dividend Date:
December 23, 2021
Record Date:
December 27, 2021
Payable Date:
December 31, 2021
Ticker
Exchange
Fund Name
Frequency
Ordinary
Income Per Share Amount
Short-Term
Capital Gain Per Share Amount
Long-Term
Capital Gain Per Share Amount
ACTIVELY MANAGED
EXCHANGE-TRADED FUNDS
First Trust Exchange-Traded
Fund III
FCAL
Nasdaq
First Trust California Municipal High
Income ETF
Monthly
$0.0900
FEMB
Nasdaq
First Trust Emerging Markets Local
Currency Bond ETF
Monthly
$0.1251
FMB
Nasdaq
First Trust Managed Municipal ETF
Monthly
$0.0900
FMHI
Nasdaq
First Trust Municipal High Income ETF
Monthly
$0.1300
FMNY
NYSE Arca
First Trust New York Municipal High Income
ETF
Monthly
$0.0330
FPE
NYSE Arca
First Trust Preferred Securities and
Income ETF
Monthly
$0.0802
FPEI
NYSE Arca
First Trust Institutional Preferred
Securities and Income ETF
Monthly
$0.0693
FSMB
NYSE Arca
First Trust Short Duration Managed
Municipal ETF
Monthly
$0.0185
FTLS
NYSE Arca
First Trust Long/Short Equity ETF
Quarterly
$0.0033
FUMB
NYSE Arca
First Trust Ultra Short Duration Municipal
ETF
Monthly
$0.0050
HDMV
NYSE Arca
First Trust Horizon Managed Volatility
Developed International ETF
Quarterly
$0.1003
HSMV
NYSE Arca
First Trust Horizon Managed Volatility
Small/Mid ETF
Quarterly
$0.1480
HUSV
NYSE Arca
First Trust Horizon Managed Volatility
Domestic ETF
Quarterly
$0.1570
RFDI
Nasdaq
First Trust RiverFront Dynamic Developed
International ETF
Quarterly
$1.3157
RFEM
Nasdaq
First Trust RiverFront Dynamic Emerging
Markets ETF
Quarterly
$0.8969
RFEU
Nasdaq
First Trust RiverFront Dynamic Europe
ETF
Quarterly
$0.5306
First Trust Exchange-Traded
Fund IV
ECLN
NYSE Arca
First Trust EIP Carbon Impact ETF
Quarterly
$0.1333
EMLP
NYSE Arca
First Trust North American Energy
Infrastructure Fund
Quarterly
$0.1933
FCVT
Nasdaq
First Trust SSI Strategic Convertible
Securities ETF
Monthly
$0.1500
$2.0747
$6.6111
FDIV
Nasdaq
First Trust Strategic Income ETF
Monthly
$0.1570
FTSL
Nasdaq
First Trust Senior Loan Fund
Monthly
$0.1475
FTSM
Nasdaq
First Trust Enhanced Short Maturity
ETF
Monthly
$0.0170
HYLS
Nasdaq
First Trust Tactical High Yield ETF
Monthly
$0.2300
LGOV
NYSE Arca
First Trust Long Duration Opportunities
ETF
Monthly
$0.0370
LMBS
Nasdaq
First Trust Low Duration Opportunities
ETF
Monthly
$0.0775
Ticker
Exchange
Fund Name
Frequency
Ordinary
Income Per Share Amount
Short-Term
Capital Per Share Amount
Long-Term
Capital Gain Per Share Amount
First Trust Exchange-Traded
Fund V
FMF
NYSE Arca
First Trust Managed Futures Strategy
Fund
Quarterly
$1.4926
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 VII
FAAR
Nasdaq
First Trust Alternative Absolute Return
Strategy ETF
Quarterly
$1.8614
FTGC
Nasdaq
First Trust Global Tactical Commodity
Strategy Fund
Quarterly
$1.6622
First Trust Exchange-Traded
Fund VIII
AFLG
NYSE Arca
First Trust Active Factor Large Cap
ETF
Quarterly
$0.1469
AFMC
NYSE Arca
First Trust Active Factor Mid Cap ETF
Quarterly
$0.1475
AFSM
NYSE Arca
First Trust Active Factor Small Cap
ETF
Quarterly
$0.0756
CRPT
NYSE Arca
First Trust SkyBridge Crypto Industry and
Digital Economy ETF
Quarterly
$0.2000
DEED
NYSE Arca
First Trust TCW Securitized Plus ETF
Monthly
$0.0325
$0.0705
EFIX
NYSE Arca
First Trust TCW Emerging Markets Debt
ETF
Monthly
$0.0650
EPRE
NYSE Arca
First Trust TCW ESG Premier Equity ETF
Quarterly
$0.1737
ERM
NYSE Arca
EquityCompass Risk Manager ETF
Quarterly
$0.1150
FIXD
Nasdaq
First Trust TCW Opportunistic Fixed Income
ETF
Monthly
$0.0650
ILDR
NYSE Arca
First Trust Innovation Leaders ETF
Quarterly
$0.0339
LDSF
Nasdaq
First Trust Low Duration Strategic Focus
ETF
Monthly
$0.0290
UCON
NYSE Arca
First Trust TCW Unconstrained Plus Bond
ETF
Monthly
$0.0350
$0.0068
XPND
NYSE Arca
First Trust Expanded Technology ETF
Quarterly
$0.0034
INDEX EXCHANGE-TRADED
FUNDS
First Trust Exchange-Traded
AlphaDEX® Fund
FAB
Nasdaq
First Trust Multi Cap Value
AlphaDEX® Fund
Quarterly
$0.3925
FAD
Nasdaq
First Trust Multi Cap Growth
AlphaDEX® Fund
Quarterly
$0.1143
FEX
Nasdaq
First Trust Large Cap Core
AlphaDEX® Fund
Quarterly
$0.2872
FNK
Nasdaq
First Trust Mid Cap Value AlphaDEX®
Fund
Quarterly
$0.2210
FNX
Nasdaq
First Trust Mid Cap Core AlphaDEX®
Fund
Quarterly
$0.4063
FTA
Nasdaq
First Trust Large Cap Value
AlphaDEX® Fund
Quarterly
$0.3530
FXD
NYSE Arca
First Trust Consumer Discretionary
AlphaDEX® Fund
Quarterly
$0.1646
FXG
NYSE Arca
First Trust Consumer Staples
AlphaDEX® Fund
Quarterly
$0.2197
FXL
NYSE Arca
First Trust Technology AlphaDEX®
Fund
Quarterly
$0.1206
FXN
NYSE Arca
First Trust Energy AlphaDEX®
Fund
Quarterly
$0.0628
FXO
NYSE Arca
First Trust Financials AlphaDEX®
Fund
Quarterly
$0.2996
FXR
NYSE Arca
First Trust Industrials/Producer Durables
AlphaDEX® Fund
Quarterly
$0.1029
FXU
NYSE Arca
First Trust Utilities AlphaDEX®
Fund
Quarterly
$0.2383
FXZ
NYSE Arca
First Trust Materials AlphaDEX®
Fund
Quarterly
$0.2408
FYC
Nasdaq
First Trust Small Cap Growth
AlphaDEX® Fund
Quarterly
$0.4421
FYT
Nasdaq
First Trust Small Cap Value
AlphaDEX® Fund
Quarterly
$0.2561
FYX
Nasdaq
First Trust Small Cap Core
AlphaDEX® Fund
Quarterly
$0.5029
Ticker
Exchange
Fund Name
Frequency
Ordinary
Income Per Share Amount
Short-Term
Capital Per Share Amount
Long-Term
Capital Gain Per Share Amount
First Trust Exchange-Traded
AlphaDEX® Fund II
FBZ
Nasdaq
First Trust Brazil AlphaDEX®
Fund
Quarterly
$0.2716
FCA
Nasdaq
First Trust China AlphaDEX®
Fund
Quarterly
$0.1238
FDT
Nasdaq
First Trust Developed Markets ex-US
AlphaDEX® Fund
Quarterly
$1.1080
FDTS
Nasdaq
First Trust Developed Markets ex-US Small
Cap AlphaDEX® Fund
Quarterly
$0.6995
FEM
Nasdaq
First Trust Emerging Markets
AlphaDEX® Fund
Quarterly
$0.2227
FEMS
Nasdaq
First Trust Emerging Markets Small Cap
AlphaDEX® Fund
Quarterly
$0.8357
FEP
Nasdaq
First Trust Europe AlphaDEX®
Fund
Quarterly
$0.5150
FEUZ
Nasdaq
First Trust Eurozone AlphaDEX®
ETF
Quarterly
$0.2813
FGM
Nasdaq
First Trust Germany AlphaDEX®
Fund
Quarterly
$0.1738
FJP
Nasdaq
First Trust Japan AlphaDEX®
Fund
Quarterly
$0.6870
FKU
Nasdaq
First Trust United Kingdom
AlphaDEX® Fund
Quarterly
$0.3439
FLN
Nasdaq
First Trust Latin America AlphaDEX®
Fund
Quarterly
$0.3972
FPA
Nasdaq
First Trust Asia Pacific ex-Japan
AlphaDEX® Fund
Quarterly
$0.9457
FSZ
Nasdaq
First Trust Switzerland AlphaDEX®
Fund
Quarterly
$0.3502
NFTY
Nasdaq
First Trust India NIFTY 50 Equal Weight
ETF
Quarterly
$0.5000
First Trust Exchange-Traded
Fund
DWPP
Nasdaq
First Trust Dorsey Wright People's
Portfolio ETF
Quarterly
$0.0510
EDOW
NYSE Arca
First Trust Dow 30 Equal Weight ETF
Quarterly
$0.1379
FCG
NYSE Arca
First Trust Natural Gas ETF
Quarterly
$0.1514
FCTR
Cboe BZX
First Trust Lunt U.S. Factor Rotation
ETF
Quarterly
$0.0244
FDL
NYSE Arca
First Trust Morningstar Dividend Leaders
Index Fund
Quarterly
$0.4277
FDM
NYSE Arca
First Trust Dow Jones Select MicroCap
Index Fund
Quarterly
$0.3637
FIW
NYSE Arca
First Trust Water ETF
Quarterly
$0.1122
FRI
NYSE Arca
First Trust S&P REIT Index Fund
Quarterly
$0.2416
FTCS
Nasdaq
First Trust Capital Strength ETF
Quarterly
$0.2821
FVD
NYSE Arca
First Trust Value Line® Dividend
Index Fund
Quarterly
$0.2317
QABA
Nasdaq
First Trust NASDAQ® ABA Community
Bank Index Fund
Quarterly
$0.3168
QQEW
Nasdaq
First Trust NASDAQ-100 Equal Weighted
Index Fund
Quarterly
$0.1043
QQXT
Nasdaq
First Trust NASDAQ-100 Ex-Technology
Sector Index Fund
Quarterly
$0.0843
QTEC
Nasdaq
First Trust NASDAQ-100-Technology Sector
Index Fund
Quarterly
$0.0124
TUSA
Nasdaq
First Trust Total US Market
AlphaDEX® ETF
Quarterly
$0.0880
First Trust Exchange-Traded
Fund II
BICK
Nasdaq
First Trust BICK Index Fund
Quarterly
$0.8213
CARZ
Nasdaq
First Trust NASDAQ Global Auto Index
Fund
Quarterly
$1.0570
CIBR
Nasdaq
First Trust Nasdaq Cybersecurity ETF
Quarterly
$0.2807
FAN
NYSE Arca
First Trust Global Wind Energy ETF
Quarterly
$0.0559
FDD
NYSE Arca
First Trust STOXX® European Select
Dividend Index Fund
Quarterly
$0.0559
FFR
NYSE Arca
First Trust FTSE EPRA/NAREIT Developed
Markets Real Estate Index Fund
Quarterly
$1.0969
FGD
NYSE Arca
First Trust Dow Jones Global Select
Dividend Index Fund
Quarterly
$0.4883
Ticker
Exchange
Fund Name
Frequency
Ordinary
Income Per Share Amount
Short-Term
Capital Per Share Amount
Long-Term
Capital Gain Per Share Amount
FLM
NYSE Arca
First Trust Global Engineering and
Construction ETF
Quarterly
$0.2685
FPXE
Nasdaq
First Trust IPOX Europe Equity
Opportunities ETF
Quarterly
$0.0478
FPXI
Nasdaq
First Trust International Equity
Opportunities ETF
Quarterly
$0.0842
FTAG
Nasdaq
First Trust Indxx Global Agriculture
ETF
Quarterly
$0.1594
FTRI
Nasdaq
First Trust Indxx Global Natural Resources
Income ETF
Quarterly
$0.2916
GRID
Nasdaq
First Trust NASDAQ® Clean
Edge® Smart Grid Infrastructure Index Fund
Quarterly
$0.0383
NXTG
Nasdaq
First Trust Indxx NextG ETF
Quarterly
$0.9790
$0.2529
SKYY
Nasdaq
First Trust Cloud Computing ETF
Quarterly
$0.6773
First Trust Exchange-Traded
Fund IV
KNG
Cboe BZX
FT Cboe Vest S&P 500® Dividend
Aristocrats Target Income ETF®
Quarterly
$0.5063
First Trust Exchange-Traded
Fund VI
AIRR
Nasdaq
First Trust RBA American Industrial
Renaissance® ETF
Quarterly
$0.0180
DALI
Nasdaq
First Trust Dorsey Wright DALI 1 ETF
Quarterly
$0.0294
DDIV
Nasdaq
First Trust Dorsey Wright Momentum &
Dividend ETF
Quarterly
$0.3362
DVLU
Nasdaq
First Trust Dorsey Wright Momentum &
Value ETF
Quarterly
$0.1337
DVOL
Nasdaq
First Trust Dorsey Wright Momentum &
Low Volatility ETF
Quarterly
$0.0702
FICS
Nasdaq
First Trust International Developed
Capital Strength ETF
Quarterly
$0.1266
FID
Nasdaq
First Trust S&P International Dividend
Aristocrats ETF
Quarterly
$0.2554
FTXD
Nasdaq
First Trust Nasdaq Retail ETF
Quarterly
$0.0350
FTXG
Nasdaq
First Trust Nasdaq Food & Beverage
ETF
Quarterly
$0.1517
FTXH
Nasdaq
First Trust Nasdaq Pharmaceuticals ETF
Quarterly
$0.1101
FTXL
Nasdaq
First Trust Nasdaq Semiconductor ETF
Quarterly
$0.1052
FTXN
Nasdaq
First Trust Nasdaq Oil & Gas ETF
Quarterly
$0.0101
FTXO
Nasdaq
First Trust Nasdaq Bank ETF
Quarterly
$0.1840
FTXR
Nasdaq
First Trust Nasdaq Transportation ETF
Quarterly
$0.0730
FV
Nasdaq
First Trust Dorsey Wright Focus 5 ETF
Quarterly
$0.0329
FVC
Nasdaq
First Trust Dorsey Wright Dynamic Focus 5
ETF
Quarterly
$0.0247
IFV
Nasdaq
First Trust Dorsey Wright International
Focus 5 ETF
Quarterly
$0.1345
LEGR
Nasdaq
First Trust Indxx Innovative Transaction
& Process ETF
Quarterly
$0.3161
MDIV
Nasdaq
Multi-Asset Diversified Income Index
Fund
Monthly
$0.0927
RDVY
Nasdaq
First Trust Rising Dividend Achievers
ETF
Quarterly
$0.1712
RNDM
Nasdaq
Developed International Equity Select
ETF
Quarterly
$0.4633
RNDV
Nasdaq
US Equity Dividend Select ETF
Quarterly
$0.2425
RNLC
Nasdaq
Large Cap US Equity Select ETF
Quarterly
$0.1209
RNMC
Nasdaq
Mid Cap US Equity Select ETF
Quarterly
$0.1458
RNSC
Nasdaq
Small Cap US Equity Select ETF
Quarterly
$0.1821
SDVY
Nasdaq
First Trust SMID Cap Rising Dividend
Achievers ETF
Quarterly
$0.1247
TDIV
Nasdaq
First Trust NASDAQ Technology Dividend
Index Fund
Quarterly
$0.4414
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 $216 billion as of November 30, 2021 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
https://www.ftportfolios.com. A prospectus should be read carefully
before investing.
Principal Risk Factors: 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.
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.
Securities held by a fund, as well as shares of a fund itself,
are subject to market fluctuations caused by factors such as
general economic conditions, political events, regulatory or market
developments, changes in interest rates and perceived trends in
securities prices. Shares of a fund could decline in value or
underperform other investments as a result of the risk of loss
associated with these market fluctuations. In addition, local,
regional or global events such as war, acts of terrorism, spread of
infectious diseases or other public health issues, recessions, or
other events could have a significant negative impact on a fund and
its investments. Such events may affect certain geographic regions,
countries, sectors and industries more significantly than others.
The outbreak of the respiratory disease designated as COVID-19 in
December 2019 has caused significant volatility and declines in
global financial markets, which have caused losses for investors.
While the development of vaccines has slowed the spread of the
virus and allowed for the resumption of "reasonably" normal
business activity in the United States, many countries continue to
impose lockdown measures in an attempt to slow the spread.
Additionally, there is no guarantee that vaccines will be effective
against emerging variants of the disease.
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.
To the extent a fund invests in floating or variable rate
obligations that use the London Interbank Offered Rate (“LIBOR”) as
a reference interest rate, it is subject to LIBOR Risk. The United
Kingdom’s Financial Conduct Authority, which regulates LIBOR, will
cease making LIBOR available as a reference rate over a phase-out
period that will begin immediately after December 31, 2021. The
unavailability or replacement of LIBOR may affect the value,
liquidity or return on certain fund investments and may result in
costs incurred in connection with closing out positions and
entering into new trades. Any potential effects of the transition
away from LIBOR on the fund or on certain instruments in which the
fund invests can be difficult to ascertain, and they may vary
depending on a variety of factors, and they could result in losses
to the fund.
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
appropriate 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.
Each fund is subject to risks arising from various operational
factors, including, but not limited to, human error, processing and
communication errors, errors of a fund’s service providers,
counterparties or other third parties, failed or inadequate
processes and technology or systems failures. Although the funds
and the Advisor seek to reduce these operational risks through
controls and procedures, there is no way to completely protect
against such risks.
"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 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 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, 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" 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 Innovative Transaction &
Process ETF is based on the Indxx Blockchain Index and is not
sponsored, endorsed, sold or promoted by Indxx, LLC, and Indxx, LLC
makes no representation regarding the advisability of trading in
such product.
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.
S&P® is a registered trademark of Standard & Poor's
Financial Services LLC ("S&P"), a division of S&P Global;
Cboe® is a registered trademark of Cboe. The Cboe S&P 500®
Dividend Aristocrats Target Income Index Monthly Series, S&P,
and Cboe trademarks have been licensed for use by the Sub-Advisor,
and in turn, sub-licensed by the Advisor, including for use by the
Fund. The Fund is not sponsored, endorsed, sold, or promoted by
Cboe and/or its affiliates (the "Cboe Group"), or S&P and/or
its affiliates (together, the "S&P Group"). Neither the Cboe
Group nor the S&P Group make any representation regarding the
advisability of investing in the Fund and shall have no liability
whatsoever in connection with 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 professionals 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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