Market Overview

First Trust Advisors L.P. Announces Distributions for Exchange-Traded Funds

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First Trust Advisors L.P. ("FTA") announces the declaration of
distributions for 91 exchange-traded funds advised by FTA.

The following dates apply to today's distribution declarations:

        Expected Ex-Dividend Date:     March 23, 2017
Record Date: March 27, 2017
Payable Date: March 31, 2017

Ticker

   

Exchange

   

Fund Name

 

Frequency

 

Ordinary
Income
Per Share
Amount

 

ACTIVELY MANAGED EXCHANGE-TRADED FUNDS

 

First Trust Exchange-Traded Fund III
FEMB Nasdaq First Trust Emerging Markets Local Currency Bond ETF Monthly $0.1817
FMB Nasdaq First Trust Managed Municipal ETF Monthly $0.1100
FPE NYSE Arca First Trust Preferred Securities and Income ETF Monthly $0.1086
FTLS NYSE Arca First Trust Long/Short Equity ETF Quarterly $0.0287
HDMV NYSE Arca First Trust Horizon Managed Volatility Developed International ETF Quarterly $0.0474
HUSV NYSE Arca First Trust Horizon Managed Volatility Domestic ETF Quarterly $0.0685
RFDI Nasdaq First Trust RiverFront Dynamic Developed International ETF Quarterly $0.0483
RFEM Nasdaq First Trust RiverFront Dynamic Emerging Markets ETF Quarterly $0.0551
RFEU Nasdaq First Trust RiverFront Dynamic Europe ETF Quarterly $0.0287

 

First Trust Exchange-Traded Fund IV
EMLP NYSE Arca First Trust North American Energy Infrastructure Fund Quarterly $0.2303
FCVT Nasdaq First Trust SSI Strategic Convertible Securities ETF Monthly $0.0300
FDIV Nasdaq First Trust Strategic Income ETF Monthly $0.1550
FTSL Nasdaq First Trust Senior Loan Fund Monthly $0.1400
FTSM Nasdaq First Trust Enhanced Short Maturity ETF Monthly $0.0650
HYLS Nasdaq First Trust Tactical High Yield ETF Monthly $0.2100
LMBS Nasdaq First Trust Low Duration Opportunities ETF Monthly $0.1175
PRME NYSE Arca First Trust Heitman Global Prime Real Estate ETF Quarterly $0.0303

 

First Trust Exchange-Traded Fund VI
FTHI Nasdaq First Trust High Income ETF Monthly $0.0775
FTLB Nasdaq First Trust Low Beta Income ETF Monthly $0.0525

 

First Trust Exchange-Traded Fund VIII
FCEF Nasdaq First Trust CEF Income Opportunity ETF Monthly $0.1100
FIXD Nasdaq First Trust TCW Opportunistic Fixed Income ETF Monthly $0.1110
MCEF Nasdaq First Trust Municipal CEF Income Opportunity ETF Monthly $0.0600

 

INDEX EXCHANGE-TRADED FUNDS
 
First Trust Exchange-Traded Fund
FCG NYSE Arca First Trust Natural Gas ETF Quarterly $0.0548
FDL NYSE Arca First Trust Morningstar Dividend Leaders Index Fund Quarterly $0.2161
FDM NYSE Arca First Trust Dow Jones Select MicroCap Index Fund Quarterly $0.1249
FIW NYSE Arca First Trust Water ETF Quarterly $0.2927
FPX NYSE Arca First Trust US Equity Opportunities ETF Quarterly $0.1550
FRI NYSE Arca First Trust S&P REIT Index Fund Quarterly $0.1027
FTCS Nasdaq First Trust Capital Strength ETF Quarterly $0.1353
FVD NYSE Arca First Trust Value Line® Dividend Index Fund Quarterly $0.1468
FVL NYSE Arca First Trust Value Line® 100 Exchange-Traded Fund Quarterly $0.0775
QABA Nasdaq First Trust NASDAQ® ABA Community Bank Index Fund Quarterly $0.1324
QCLN Nasdaq First Trust NASDAQ® Clean Edge® Green
Energy Index Fund
Quarterly $0.0188
QQEW Nasdaq First Trust NASDAQ-100 Equal Weighted Index Fund Quarterly $0.0456
QQXT Nasdaq First Trust NASDAQ-100 Ex-Technology Sector Index Fund Quarterly $0.0218
QTEC Nasdaq First Trust NASDAQ-100-Technology Sector Index Fund Quarterly $0.0938
TUSA Nasdaq First Trust Total US Market AlphaDEX® ETF Quarterly $0.0812
VIXH NYSE Arca First Trust CBOE® S&P 500® VIX®
Tail Hedge Fund
Quarterly $0.0823

 

First Trust Exchange-Traded Fund II
BICK Nasdaq First Trust BICK Index Fund Quarterly $0.0117
CARZ Nasdaq First Trust NASDAQ Global Auto Index Fund Quarterly $0.0032
FAN NYSE Arca First Trust Global Wind Energy ETF Quarterly $0.0466
FDD NYSE Arca First Trust STOXX® European Select Dividend Index
Fund
Quarterly $0.0271
FGD NYSE Arca First Trust Dow Jones Global Select Dividend Index Fund Quarterly $0.1115
FTAG Nasdaq First Trust Indxx Global Agriculture ETF Quarterly $0.0023
FTRI Nasdaq First Trust Indxx Global Natural Resources Income ETF Quarterly $0.0516
SKYY Nasdaq First Trust Cloud Computing ETF Quarterly $0.0340

 

First Trust Exchange-Traded Fund VI
AIRR Nasdaq First Trust RBA American Industrial Renaissance® ETF Quarterly $0.0044
FTXD Nasdaq First Trust Nasdaq Retail ETF Quarterly $0.0862
FTXG Nasdaq First Trust Nasdaq Food & Beverage ETF Quarterly $0.0486
FTXH Nasdaq First Trust Nasdaq Pharmaceuticals ETF Quarterly $0.0313
FTXL Nasdaq First Trust Nasdaq Semiconductor ETF Quarterly $0.0264
FTXN Nasdaq First Trust Nasdaq Oil & Gas ETF Quarterly $0.1107
FTXO Nasdaq First Trust Nasdaq Bank ETF Quarterly $0.0075
FTXR Nasdaq First Trust Nasdaq Transportation ETF Quarterly $0.0916
MDIV Nasdaq Multi-Asset Diversified Income Index Fund Monthly $0.1085
QINC Nasdaq First Trust RBA Quality Income ETF Quarterly $0.1078
RDVY Nasdaq First Trust Rising Dividend Achievers ETF Quarterly $0.0695
TDIV Nasdaq First Trust NASDAQ Technology Dividend Index Fund Quarterly $0.1541
YDIV Nasdaq International Multi-Asset Diversified Income Index Fund Monthly $0.0876

 

First Trust Exchange-Traded AlphaDEX® Fund
FAB Nasdaq First Trust Multi Cap Value AlphaDEX® Fund Quarterly $0.1341
FAD Nasdaq First Trust Multi Cap Growth AlphaDEX® Fund Quarterly $0.0103
FEX Nasdaq First Trust Large Cap Core AlphaDEX® Fund Quarterly $0.1162
FMK Nasdaq First Trust Mega Cap AlphaDEX® Fund Quarterly $0.0954
FNK Nasdaq First Trust Mid Cap Value AlphaDEX® Fund Quarterly $0.0606
FNX Nasdaq First Trust Mid Cap Core AlphaDEX® Fund Quarterly $0.0815
FTA Nasdaq First Trust Large Cap Value AlphaDEX® Fund Quarterly $0.1585
FTC Nasdaq First Trust Large Cap Growth AlphaDEX® Fund Quarterly $0.0353
FXD NYSE Arca First Trust Consumer Discretionary AlphaDEX® Fund Quarterly $0.0748
FXG NYSE Arca First Trust Consumer Staples AlphaDEX® Fund Quarterly $0.1703
FXL NYSE Arca First Trust Technology AlphaDEX® Fund Quarterly $0.0422
FXN NYSE Arca First Trust Energy AlphaDEX® Fund Quarterly $0.0348
FXO NYSE Arca First Trust Financials AlphaDEX® Fund Quarterly $0.0895
FXR NYSE Arca First Trust Industrials/Producer Durables AlphaDEX® Fund Quarterly $0.0384
FXU NYSE Arca First Trust Utilities AlphaDEX® Fund Quarterly $0.1597
FXZ NYSE Arca First Trust Materials AlphaDEX® Fund Quarterly $0.0876
FYT Nasdaq First Trust Small Cap Value AlphaDEX® Fund Quarterly $0.0568
FYX Nasdaq First Trust Small Cap Core AlphaDEX® Fund Quarterly $0.0299

 

First Trust Exchange-Traded AlphaDEX® Fund
II
FAUS NYSE Arca First Trust Australia AlphaDEX® Fund Quarterly $0.4115
FBZ Nasdaq First Trust Brazil AlphaDEX® Fund Quarterly $0.0885
FCAN Nasdaq First Trust Canada AlphaDEX® Fund Quarterly $0.0759
FDT Nasdaq First Trust Developed Markets ex-US AlphaDEX® Fund Quarterly $0.0782
FDTS Nasdaq First Trust Developed Markets ex-US Small Cap AlphaDEX® Fund Quarterly $0.0941
FEM Nasdaq First Trust Emerging Markets AlphaDEX® Fund Quarterly $0.0561
FEP Nasdaq First Trust Europe AlphaDEX® Fund Quarterly $0.0464
FEUZ Nasdaq First Trust Eurozone AlphaDEX® ETF Quarterly $0.0722
FGM Nasdaq First Trust Germany AlphaDEX® Fund Quarterly $0.0386
FHK Nasdaq First Trust Hong Kong AlphaDEX® Fund Quarterly $0.0148
FKO Nasdaq First Trust South Korea AlphaDEX® Fund Quarterly $0.1104
FKU Nasdaq First Trust United Kingdom AlphaDEX® Fund Quarterly $0.1305
FLN Nasdaq First Trust Latin America AlphaDEX® Fund Quarterly $0.1111
FPA Nasdaq First Trust Asia Pacific ex-Japan AlphaDEX® Fund Quarterly $0.1725
 

FTA, the Funds' investment advisor, along with its affiliate, First
Trust Portfolios L.P., are privately-held companies which provide a
variety of investment services, including asset management and financial
advisory services, with collective assets under management or
supervision of approximately $104 billion as of February 28, 2017
through unit investment trusts, exchange-traded funds, closed-end funds,
mutual funds and separate managed accounts.

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
the Fund by authorized participants, in very large creation/redemption
units. If the 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 the 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.

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.

Certain securities held by certain of the Funds are subject to credit
risk, call risk, income 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. 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 a MLP could be taxed as a corporation, resulting in decreased
returns from such MLP.

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.

Commodity futures contracts traded on non-U.S. exchanges or with
non-U.S. counterparties present risks because they may not be subject to
the same degree of regulation as their U.S. counterparts.

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 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 are 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.

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,
and NASDAQ OMX Global Auto 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 Fund has not been
passed on by the Corporations as to its legality or suitability. The
Fund is 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 Multi-Asset Diversified Income IndexSM, NASDAQ
International 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
Fund has 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 INDEX
TM.

"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 First
Trust Advisors L.P. 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. FTA 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 the 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 First Trust 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 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.

Standard & Poor's and S&P are registered trademarks of Standard & Poor's
Financial Services LLC ("SPFS") and Dow Jones is a registered trademark
of Dow Jones Trademark Holdings LLC ("Dow Jones") and have been licensed
for use by S&P Dow Jones Indices LLC and sublicensed for certain
purposes by First Trust Advisors L.P. "S&P 500®" is a
registered trademark of SPFS; "CBOE®", Chicago Board Options
Exchange®, CBOE Volatility Index® and "VIX®"
are registered trademarks of Chicago Board Options Exchange,
Incorporated ("CBOE"); and have been licensed for use by S&P Dow Jones
Indices LLC and FTA. The "CBOE VIX Tail Hedge Index" is a product of S&P
Dow Jones Indices LLC, and has been licensed for use by FTA. The First
Trust CBOE S&P 500 VIX Tail Hedge Fund is not sponsored, endorsed, sold
or promoted by S&P Dow Jones Indices LLC, Dow Jones, S&P, their
respective affiliates, or CBOE and neither S&P Dow Jones Indices LLC,
Dow Jones, S&P, their respective affiliates or CBOE make any
representation regarding the advisability of investing in such
product(s).

AIRR and QINC are not sponsored, endorsed, sold or promoted by Richard
Bernstein Advisors LLC (RBA). RBA 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. RBA's only
relationship to FTA is the licensing of certain trademarks and trade
names of RBA and of the indexes, which are determined, composed and
calculated by RBA without regard to First Trust or the Funds. Licensor
has no obligation to take the needs of First Trust or the owners of the
Funds into consideration in determining, composing or calculating the
indexes. Licensor is not responsible for and has not participated in the
determination of the timing of, prices at, or quantities of the Funds to
be listed or in the determination or calculation of the equation by
which the Funds are to be converted into cash. Licensor has no
obligation or liability in connection with the administration, marketing
or trading of the Funds.

FTAG and FTRI 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.

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