First Trust North American Energy Infrastructure Fund (EMLP)

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	Fact Sheet
	Summary Prospectus
	Monthly Performance Report
	Investor Guide

Fund Summary

Investment Objective/Strategy - The First Trust North American Energy Infrastructure Fund is an actively managed exchange-traded fund. The Fund's investment objective is to seek total return. The Fund's investment strategy will have an emphasis on current distributions and dividends paid to shareholders.

Under normal market conditions, the fund will invest at least 80% of its net assets in equity securities of companies headquartered or incorporated in the United States and Canada engaged in the energy infrastructure sector.

The Fund will invest primarily in publicly-traded master limited partnerships and limited liability companies taxed as partnerships (“MLPs”), MLP affiliates, Canadian income trusts and their successor companies, pipeline companies, utilities, and other companies that derive at least 50% of their revenues from operating or providing services in support of infrastructure assets such as pipelines, power transmission and petroleum and natural gas storage in the petroleum, natural gas and power generation industries.

There can be no assurance that the Fund's investment objectives will be achieved.

Fund Overview

Ticker	EMLP
Fund Type	Energy
Investment Advisor	First Trust Advisors L.P.
Investor Servicing Agent	Bank of New York
Portfolio Manager/Sub-Advisor	Energy Income Partners, LLC
CUSIP	33738D101
Intraday NAV	EMLPIV
Fiscal Year-End	10/31
Exchange	NYSE Arca
Inception	6/20/2012
Inception Price	$19.99
Inception NAV	$19.99
Expense Ratio	0.95%

Current Fund Data (as of 6/18/2013)

Closing NAV¹	$23.46
Closing Share Price²	$23.48
Bid/Ask Midpoint	$23.47
Bid/Ask Premium	0.04%
Total Net Assets	$389,554,017
Outstanding Shares	16,605,000
Daily Volume	95,904
Average 30-Day Daily Volume	172,413
Closing Share Price 52-Week High/Low	$24.45 / $19.69
Closing NAV 52-Week High/Low	$24.40 / $19.58
Number of Holdings	50

Fund Characteristics (as of 5/31/2013)⁶

Median Market Cap.	$7,274
Maximum Market Cap.	$55,193
Minimum Market Cap.	$607

Top 10 Holdings (as of 6/18/2013)

Holding	Percent
Enbridge Energy Management LLC	7.52%
Kinder Morgan Management, LLC.	7.33%
The Southern Company	4.97%
NextEra Energy Inc.	4.09%
Duke Energy Corporation	3.98%
Kinder Morgan, Inc.	3.97%
Dominion Resources, Inc.	3.55%
Spectra Energy Corporation	3.36%
TransCanada Corporation	3.14%
UGI Corporation	3.02%

Bid/Ask Midpoint and NAV History (Since Inception)

Past performance is not indicative of future results.

Volume (Since Inception)

Distribution Information

Dividend per Share Amt³	$0.1721
30-Day SEC Yield (as of 5/31/2013)⁴	2.63%
Distribution Rate (as of 5/31/2013)⁵	2.99%

Bid/Ask Midpoint vs. NAV (as of 3/31/2013)

Number of Days Bid/Ask Midpoint Above NAV

Quarter Ended	0-49 Basis Points	50-99 Basis Points	100-199 Basis Points	>=200 Basis Points
3/31/2013	56	2	0	0
12/31/2012	53	0	0	0
9/30/2012	57	1	0	0
6/30/2012	4	3	0	0

Number of Days Bid/Ask Midpoint Below NAV

Quarter Ended	0-49 Basis Points	50-99 Basis Points	100-199 Basis Points	>=200 Basis Points
3/31/2013	2	0	0	0
12/31/2012	9	0	0	0
9/30/2012	5	0	0	0
6/30/2012	0	0	0	0

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 Fund's NAV is calculated.

Top Sector Exposure (as of 6/18/2013)

Energy	57.28%
Utilities	42.72%

Month End Performance (as of 5/31/2013)

	3 Mos	YTD	1 Year	3 Year	5 Year	10 Year	Since Fund Inception⁷
Fund Performance *
NAV	3.33%	11.74%	N/A	N/A	N/A	N/A	17.48%
After Tax Held	3.01%	11.39%	N/A	N/A	N/A	N/A	16.63%
After Tax Sold	1.89%	6.65%	N/A	N/A	N/A	N/A	9.98%
Market Price	3.60%	11.74%	N/A	N/A	N/A	N/A	17.73%

Index Performance
S&P 500® Index	8.22%	15.37%	N/A	N/A	N/A	N/A	22.90%
Blended Benchmark	2.86%	13.44%	N/A	N/A	N/A	N/A	15.38%

Quarter End Performance (as of 3/28/2013)

	3 Mos	YTD	1 Year	3 Year	5 Year	10 Year	Since Fund Inception⁷
Fund Performance *
NAV	14.45%	14.45%	N/A	N/A	N/A	N/A	20.33%
After Tax Held	14.09%	14.09%	N/A	N/A	N/A	N/A	19.46%
After Tax Sold	8.18%	8.18%	N/A	N/A	N/A	N/A	11.58%
Market Price	14.30%	14.30%	N/A	N/A	N/A	N/A	20.43%

Index Performance
S&P 500® Index	10.61%	10.61%	N/A	N/A	N/A	N/A	17.82%
Blended Benchmark	16.35%	16.35%	N/A	N/A	N/A	N/A	18.34%

*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. You can obtain performance information which is current through the most recent month-end by visiting ftportfolios.com.

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. Returns are average annualized total returns, except those for periods of less than one year, which are cumulative. The fund's performance reflects fee waivers and expense reimbursements, absent which performance would have been lower.

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 investor’s 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.

The expense ratio for this fund is 0.95%.

The Blended Benchmark consists of the following two indexes: 50% of the Philadelphia Stock Exchange Utility Index which is a market capitalization weighted index composed of geographically diverse public U.S. utility stocks; and 50% of the Alerian MLP Total Return Index which is a float-adjusted, capitalization-weighted composite of the 50 most prominent energy Master Limited Partnerships (MLPs).

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

Indexes are unmanaged and an investor cannot invest directly in an index.

Footnotes

¹	The NAV represents the fund's net assets (assets less liabilities) divided by the fund's shares outstanding.
²	Fund shares are purchased and sold on an exchange at their share 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).
³	Most recent distribution paid or declared through today's date. Subject to change in the future.
⁴	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.
⁵	Distribution rate is calculated by dividing the most recent annualized distribution paid or declared by the Net Asset Value. Distribution Rates May Vary.
⁶	All market capitalization numbers are in USD$ Millions.
⁷	Inception Date is 6/20/2012

Downloads and Links to Recently Posted Fund Information

First Trust Advisors Launches Fund – 6/21/2012
Click here to view all the downloads for this fund.

You should consider the fund's 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 1-800-621-1675 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.

ETF Characteristics

The fund lists and principally trades its shares on the NYSE Arca, Inc.

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 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.

Risk Considerations

The fund's 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 stock owned by the fund, fund shares or stocks in general may fall in value.

The fund may invest in foreign, small capitalization and mid capitalization companies. Such companies may experience greater price volatility than larger, more established companies. The fund invests in securities of companies headquartered or incorporated in the United States and Canada. The portfolio may present more risks than a portfolio which is broadly diversified over several regions.

You should be aware that an investment that is concentrated in stocks in the energy sector involves additional risks, including limited diversification. The companies engaged in the energy sector, which includes MLPs and utilities companies, 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.

Energy infrastructure companies may be directly affected by energy commodity prices, especially those companies which own the underlying energy commodity. Commodity prices fluctuate for several reasons, including changes in market conditions, demand, levels of production, energy conservation, governmental regulation and the availability of transportation systems. A decrease in the production or availability of commodities or a decrease in the volume of such commodities available for transportation, processing, storage or distribution may adversely impact the financial performance of energy infrastructure companies.

The fund may be subject to additional risks pertaining to currency, interest rates and derivatives.

The fund is classified as "non-diversified." A non-diversified fund generally may invest a larger percentage of its assets in the securities of a smaller number of issuers. As a result, the fund may be more susceptible to the risks associated with these particular companies, or to a single economic, political or regulatory occurrence affecting these companies.

The fund is subject to management risk because it is an actively managed portfolio. In managing the fund's investment portfolio, the sub-advisor (EIP) 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.

Not FDIC Insured • Not Bank Guaranteed • May Lose Value