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

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	Fact Sheet
	Summary Prospectus
	Monthly Performance Report

Fund Summary

Investment Objective/Strategy - First Trust FTSE EPRA/NAREIT Developed Markets Real Estate Index Fund is an exchange-traded fund. The investment objective of the Fund is to seek investment results that correspond generally to the price and yield, before fees and expenses, of an equity index called the FTSE EPRA/NAREIT Developed Index.

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

The Index is designed to measure the stock performance of companies engaged in specific real estate activities of the North American, European and Asian real estate markets. Relevant real estate activities are defined as the ownership, trading and development of income-producing real estate.
The constituents of the Index are required to meet individual geographic criteria and are subject to size, liquidity, and free float screens.
The Index is a modified market capitalization weighted index, based on free float market capitalization. The Index is rebalanced and reconstituted quarterly.

Fund Overview

Ticker	FFR
Fund Type	Global REIT
Investment Advisor	First Trust Advisors L.P.
Investor Servicing Agent	Bank of New York
CUSIP	33736N101
Intraday NAV	FFRIV
Fiscal Year-End	09/30
Exchange	NYSE Arca
Inception	8/27/2007
Inception Price	$50.00
Inception NAV	$50.00
Gross Expense Ratio (9/30/2012)	0.74%
Net Expense Ratio	0.60%
Rebalance Frequency	Quarterly

Pursuant to contract, First Trust has agreed to waive fees and/or pay fund expenses to prevent the net expense ratio of the fund from exceeding 0.60% per year, at least until January 31, 2014.

Current Fund Data (as of 5/17/2013)

Closing NAV¹	$44.39
Closing Share Price²	$44.29
Bid/Ask Midpoint	$44.46
Bid/Ask Premium	0.17%
Total Net Assets	$128,716,699
Outstanding Shares	2,900,002
Daily Volume	1,049
Average 30-Day Daily Volume	12,860
Closing Share Price 52-Week High/Low	$44.65 / $33.37
Closing NAV 52-Week High/Low	$44.52 / $33.49
Number of Holdings	299

Fund Characteristics (as of 4/30/2013)⁷

Median Market Cap.	$2,450
Maximum Market Cap.	$55,468
Minimum Market Cap.	$109
Price/Earnings	19.35
Price/Book	1.51
Price/Cash Flow	18.99
Price/Sales	5.67

Top 10 Holdings (as of 5/16/2013)

Holding	Percent
Simon Property Group, Inc.	4.82%
Mitsubishi Estate Company, Ltd.	3.14%
Mitsui Fudosan Company, Ltd.	2.42%
Westfield Group	2.21%
Unibail-Rodamco SE	2.20%
HCP, Inc.	2.17%
Ventas, Inc.	2.12%
Public Storage	2.09%
Sun Hung Kai Properties Ltd	1.92%
Sumitomo Realty & Development Co., Ltd.	1.87%

Top Country Breakdown (as of 5/17/2013)

Country	Percent
United States	47.78%
Japan	13.38%
Hong Kong	8.87%
Australia	7.36%
United Kingdom	4.87%
Canada	4.46%
Singapore	4.33%
France	3.46%
Germany	1.10%
Switzerland	0.93%

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	$0.1109
30-Day SEC Yield (as of 4/30/2013)⁴	2.29%
12-Month Distribution Rate (as of 4/30/2013)⁵	3.75%
Index Yield (as of 4/30/2013)⁶	3.22%

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	41	14	0	0
12/31/2012	50	11	0	0
9/30/2012	50	9	0	0
6/30/2012	17	1	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	5	0	0	0
12/31/2012	1	0	0	0
9/30/2012	4	0	0	0
6/30/2012	43	2	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.

Sector Breakdown (as of 5/17/2013)

Diversified REITs	31.36%
Healthcare REITs	8.08%
Industrial REITs	5.36%
Industrial/Office Mixed REITs	1.26%
Lodging/Resorts REITs	3.10%
Office REITs	12.53%
Other REITs	0.38%
Residential REITs	9.58%
Retail REITs	25.35%
Self Storage REITs	3.00%

Month End Performance (as of 4/30/2013)

	3 Mos	YTD	1 Year	3 Year	5 Year	10 Year	Since Fund Inception⁸
Fund Performance *
NAV	10.21%	13.08%	25.77%	15.29%	2.74%	N/A	1.62%
After Tax Held	10.08%	12.95%	23.90%	13.83%	1.32%	N/A	0.28%
After Tax Sold	5.77%	7.40%	14.80%	11.34%	1.45%	N/A	0.63%
Market Price	10.07%	12.53%	26.03%	14.81%	2.27%	N/A	1.63%

Index Performance **
FTSE EPRA/NAREIT Developed Index	10.53%	14.02%	26.94%	15.99%	3.70%	N/A	2.55%
MSCI World Real Estate Investment Trust Index	10.46%	13.48%	22.51%	16.78%	2.71%	N/A	1.40%
S&P Global REIT Index	10.66%	14.22%	22.94%	16.16%	3.83%	N/A	2.38%

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

	3 Mos	YTD	1 Year	3 Year	5 Year	10 Year	Since Fund Inception⁸
Fund Performance *
NAV	5.80%	5.80%	20.38%	13.44%	2.61%	N/A	0.45%
After Tax Held	5.68%	5.68%	18.58%	12.01%	1.20%	N/A	-0.90%
After Tax Sold	3.28%	3.28%	11.82%	9.92%	1.38%	N/A	-0.24%
Market Price	5.18%	5.18%	20.61%	13.27%	2.43%	N/A	0.44%

Index Performance **
FTSE EPRA/NAREIT Developed Index	6.40%	6.40%	21.25%	14.30%	3.52%	N/A	1.33%
MSCI World Real Estate Investment Trust Index	6.17%	6.17%	17.67%	15.45%	2.24%	N/A	0.22%
S&P Global REIT Index	7.66%	7.66%	19.00%	15.53%	3.40%	N/A	1.33%

3-Year Statistics (as of 4/30/2013)

	Standard Deviation	Alpha	Beta	Sharpe Ratio	Correlation
First Trust FTSE EPRA/NAREIT Developed Markets Real Estate Index Fund	17.92%	-2.02	1.06	0.86	0.98
MSCI World Real Estate Investment Trust Index	16.49%	---	---	0.99	---

Standard Deviation is a measure of price variability (risk). Alpha is an indication of how much an investment outperforms or underperforms on a risk-adjusted basis relative to its benchmark.Beta is a measure of price variability relative to the market. Sharpe Ratio is a measure of excess reward per unit of volatility. Correlation is a measure of the similarity of performance.

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

**Past performance is not a guarantee of future results. Performance information for the FTSE EPRA/NAREIT Developed Index is for illustrative purposes only and does not represent actual fund performance. No representation is being made that any investment will achieve performance similar to that shown. The Index does not charge management fees or brokerage expenses, and no such fees or expenses were deducted from the performance shown. Indexes are unmanaged and an investor cannot invest directly in an index. All index returns assume that dividends are reinvested when they are received.

The gross expense ratio for this fund is 0.74%. Pursuant to contract, First Trust has agreed to waive fees and/or pay fund expenses to prevent the net expense ratio of the fund from exceeding 0.60% per year, at least until January 31, 2014.

The MSCI World REIT Index is a free float-adjusted market capitalization weighted index that is designed to measure the real estate investment trusts from 23 developed markets around the world.

The S&P Global REIT Index defines and measures the investable universe of publicly traded real estate investment trusts with constituents from 13 countries.

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	12-Month Distribution Rate is calculated by dividing the sum of the fund's trailing 12-month ordinary distributions paid or declared by the NAV price. Distribution Rates May Vary.
⁶	Index yield represents the weighted average trailing 12-month dividend of the constituents of the FTSE EPRA/NAREIT Developed Index
⁷	All market capitalization numbers are in USD$ Millions.
⁸	Inception Date is 8/27/2007

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.

The fund's return may not match the return of the FTSE EPRA/NAREIT Developed Index. The fund may not be fully invested at times. Securities held by the fund will generally not be bought or sold in response to market fluctuations.

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 small capitalization and mid capitalization companies. Such companies may experience greater price volatility than larger, more established companies.

The fund is concentrated in companies in the real estate industry which involves additional risks, including limited diversification. There is no guarantee that the companies in the fund's portfolio will declare dividends in the future. Companies involved in the real estate industry are subject to changes in the real estate market, vacancy rates and competition, volatile interest rates and economic recession.

An investment in a fund containing equity securities of foreign issuers is subject to additional risks, including currency fluctuations, political risks, withholding, the lack of adequate financial information, and exchange control restrictions impacting foreign issuers.

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 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. First Trust Advisors L.P. 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.

Not FDIC Insured • Not Bank Guaranteed • May Lose Value