First Trust ETFs Rated 4 or 5 Stars by Morningstar

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	Monthly Performance Report

The following First Trust ETFs have received a four or five star Morningstar Rating^TM. ETFs are rated from one to five stars, with the best performers receiving five stars and the worst performers receiving a single star. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. Morningstar Ratings are as of 4/30/2013.

Click on the fund name for additional information and quarterly standardized performance returns.

		Morningstar Ratings				Fund Category	Number of funds in Category
Fund Name	Ticker	Overall Rating	3 yr. Rating	5 yr. Rating	10 yr. Rating		3 yr.	5 yr.	10 yr.
First Trust Consumer Staples AlphaDEX® Fund	FXG				N/A	Consumer Defensive	23	16	5
First Trust Dow Jones Internet Index^SM Fund	FDN				N/A	Technology	192	168	141
First Trust Financials AlphaDEX® Fund	FXO				N/A	Financial	92	82	66
First Trust Health Care AlphaDEX® Fund	FXH				N/A	Health	129	119	98
First Trust Large Cap Core AlphaDEX® Fund	FEX				N/A	Large Blend	1451	1305	807
First Trust Large Cap Value AlphaDEX® Fund	FTA				N/A	Large Value	1037	926	587
First Trust Materials AlphaDEX® Fund	FXZ				N/A	Natural Resources	118	100	42
First Trust Mid Cap Core AlphaDEX® Fund	FNX				N/A	Mid-Cap Blend	348	312	199
First Trust Morningstar Dividend Leaders^SM Index Fund	FDL				N/A	Large Value	1037	926	587
First Trust Multi Cap Value AlphaDEX® Fund	FAB				N/A	Mid-Cap Value	364	315	179
First Trust NASDAQ-100 Equal Weighted Index^SM Fund	QQEW				N/A	Large Growth	1485	1285	852
First Trust NASDAQ-100 Ex-Technology Sector Index^SM Fund	QQXT				N/A	Large Growth	1485	1285	852
First Trust Small Cap Core AlphaDEX® Fund	FYX				N/A	Small Blend	606	536	331
First Trust US IPO Index Fund	FPX				N/A	Large Growth	1485	1285	852
First Trust Value Line® Dividend Index Fund	FVD				N/A	Large Value	1037	926	587

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.

The Morningstar Rating^TM is provided for those exchange-traded funds ("ETFs") with at least a three-year history. Ratings are based on the ETF's Morningstar Risk-Adjusted Return measure which accounts for variation in monthly performance, placing more emphasis on downward variations and rewarding consistent performance. An ETF's risk-adjusted return includes a brokerage commission estimate. This estimate is intended to reflect what an average investor would pay when buying or selling an ETF. PLEASE NOTE, this estimate is subject to change and the actual brokerage commission an investor pays may be higher or lower than this estimate. Morningstar compares each ETF's risk-adjusted return to the open-end mutual fund rating breakpoints for that category. Consistent with the open-end mutual fund ratings, the top 10% of ETFs in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. The overall rating for an ETF is based on a weighted average of the time-period ratings (e.g., the ETF's 3,5, and 10 year rating). The determination of an ETF's rating does not affect the retail open end mutual fund data published by Morningstar. Past performance is no guarantee of future results.

©2013 Morningstar, Inc. All Rights Reserved. The Morningstar Rating^TM information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.