Market Overview

Chile's Pension Risk Rating Commission Approves Sale of Four Additional First Trust ETFs

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First
Trust Advisors L.P.
("First Trust"), a global ETF provider and asset
manager, announced that Chilean pension funds investment risk rating
commission, La Comisión Clasificadora de Riesgo (CCR), has approved four
additional First Trust exchange-traded funds (ETFs) for sale to Chilean
pension funds, known as la Asociación de Administradoras de Fondos de
Pensiones (AFPs). According to Chile's pension plan investment
guidelines, before an ETF can be purchased in a pension fund, it must be
approved by the CCR.

"Chile's pension system continues to grow and expand and we are excited
and privileged to grow alongside it," said Codie Sanchez, Head of Latin
America & U.S. Offshore Distribution at First Trust "Our clients in
Chile were looking for new ways to access sectors and subsectors in the
U.S. and we believe these additional four funds will help fill a gap in
the market." The four newly approved ETFs and eight previously approved
ETFs are listed below.

Newly Approved
First Trust Value Line® Dividend
Index Fund (FVD)
First Trust Energy AlphaDEX® Fund (FXN)
First
Trust NASDAQ-100-Technology Sector Index Fund (QTEC)
First Trust
NYSE Arca Biotechnology Index Fund (FBT)

Previously Approved
First Trust Large Cap Value AlphaDEX®
Fund (FTA)
First Trust Large Cap Core AlphaDEX® Fund (FEX)
First
Trust Consumer Discretionary AlphaDEX® Fund (FXD)
First Trust
Health Care AlphaDEX® Fund (FXH)
First Trust Financials AlphaDEX®
Fund (FXO)
First Trust Europe AlphaDEX® Fund (FEP)
First Trust
Cloud Computing ETF (SKYY)
First Trust Dow Jones Internet Index
Fund (FDN)

For more information about First Trust, please contact Ryan Issakainen
of First Trust at (630) 765-8689 or RIssakainen@FTAdvisors.com.

About First Trust

First Trust Advisors L.P., 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 $111 billion as of September 29, 2017 through unit
investment trusts, exchange-traded funds, closed-end funds, mutual funds
and separate managed accounts. First Trust is based in Wheaton,
Illinois. For more information, visit http://www.ftportfolios.com.

You should consider a fund's investment objectives, risks, and
charges and expenses carefully before investing. Contact First Trust
Portfolios L.P. at 1-800-621-1675 or visit
www.ftlatinamerica.com
to obtain a prospectus which contains this and other information about a
fund. The prospectus should be read carefully before investing.

Risk Considerations

Investors buying or selling fund shares on the secondary market may
incur customary brokerage commissions. Shares may only be redeemed
directly from a fund by authorized participants in very large
creation/redemption units. Fund shares may trade at a discount to net
asset value and possibly face delisting.

There are risks involved with investing in ETFs, including the potential
loss of money. Index-based ETFs are not actively managed and may not
match the return of the specific index it seeks to replicate.

There is no assurance that any funds listed will achieve their
investment objectives. Please be aware that each fund listed is subject
to various risks which, depending on the investment objective, may
include risks such as concentration, sector, momentum investing, equity
investing, and foreign and emerging markets. For a complete description
of relative risks for a specific fund please obtain and carefully read
the appropriate First Trust prospectus.

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 and the Internal Revenue
Code. First Trust has no knowledge of and has not been provided any
information regarding any investor. Financial advisors must determine
whether particular investments are appropriate for their clients. First
Trust believes the financial advisor is a fiduciary, is capable of
evaluating investment risks independently and is responsible for
exercising independent judgment with respect to its retirement plan
clients.

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

The Dow Jones Internet Composite IndexSM 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 Internet Composite 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 Fund. The First Trust Dow Jones
Internet 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.

"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.

The First Trust Cloud Computing ETF is 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
fund or any member of the public regarding the advisability of trading
in the fund. ISE's only relationship to First Trust is the licensing of
certain trademarks and trade names of the ISE and of the ISE Cloud
Computing™ Index which is determined, composed and calculated by ISE
without regard to First Trust or the fund.

"Value Line®" and "Value Line®
Dividend Index" are trademarks or registered trademarks of Value Line,
Inc. ("Value Line") and have been licensed for use for certain purposes
by First Trust Advisors L.P. This product is 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.

The NYSE Arca Biotechnology IndexSM is a trademark of the
NYSE Group, Inc. or its affiliates ("NYSE") and is licensed for use by
First Trust. The fund is not sponsored or endorsed by NYSE. NYSE makes
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 the fund or the ability of the fund to track the performance of the
various sectors represented in the stock market. NYSE has no obligation
to take the needs of the owners of the fund into consideration in
determining, composing or calculating the index. NYSE is not responsible
for and has not participated in any determination or calculation made
with respect to issuance or redemption of the fund.

Nasdaq®, NASDAQ-100®, NASDAQ-100 Index®,
and NASDAQ-100 Technology Sector IndexSM are trademarks of
Nasdaq, Inc. (which with its affiliates is referred to as the
"Corporations") and are licensed for use by First Trust Advisors L.P.
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.

The views and opinions expressed are for informational purposes
only. This material is not intended to be relied upon as investment
advice or recommendations, does not constitute a solicitation to buy or
sell securities (in any jurisdiction to any person to whom it is not
lawful to make such an offer) and should not be considered specific
legal, investment or tax advice.

For Investors in Chile

The offer in Chile begins on 25 October 2017. This offer of securities
complies with General Rule N°336 of the Chilean Superintendency of
Securities and Insurances. The securities to which this offer refers
have not been registered in the Foreign Securities Registry of the
Chilean Superintendency of Securities and Insurances, and therefore,
they are not subject to the supervision of such entity. As this offer of
securities refers to not registered securities, there is no obligation
of the issuer of the securities to deliver in Chile public information
regarding the securities. These securities may not be publicly offered
in Chile as long as they are not registered on the corresponding
Securities Registry.

Esta oferta en Chile comienza el 25 de octubre de 2017. Esta oferta de
valores cumple con la Norma de Carácter General 336 de la
Superintendencia de Valores y Seguros. Esta oferta versa sobre valores
no inscritos en el Registro de Valores Extranjeros que lleva esta
Superintendencia, por lo que tales valores no están sujetos a la
fiscalización de ésta. Como esta oferta de valores se refiere a valores
no inscritos, no existe la obligación por parte de su emisor de entregar
en Chile información pública respecto de dichos valores. Estos valores
no podrán ser objeto de oferta pública mientras no sean inscritos en el
Registro de Valores correspondiente.

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