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First Trust EIP Carbon Impact ETF (ECLN)
Investment Objective/Strategy - The First Trust EIP Carbon Impact ETF (the "Fund") seeks to achieve a competitive risk-adjusted total return balanced between dividends and capital appreciation. Under normal market conditions, the Fund will invest at least 80% of its net assets (including investment borrowings) in the equity securities of companies identified by the Fund's investment sub-advisor, Energy Income Partners, LLC ("EIP" or the "Sub-Advisor"), as having or seeking to have a positive carbon impact.
There can be no assurance that the Fund's investment objectives will be achieved.
Fund Overview
TickerECLN
Fund TypeActive Equity Income and Green/Renewable
Investment AdvisorFirst Trust Advisors L.P.
Investor Servicing AgentBank of New York Mellon Corp
Portfolio Manager/Sub-AdvisorEnergy Income Partners, LLC
CUSIP33738D705
ISINUS33738D7057
Intraday NAVECLNIV
Fiscal Year-End10/31
ExchangeNYSE Arca
Inception8/19/2019
Inception Price$20.09
Inception NAV$20.09
Expense Ratio0.97%
Current Fund Data (as of 9/20/2021)
Closing NAV1$23.31
Closing Market Price2$23.39
Bid/Ask Midpoint$23.36
Bid/Ask Premium0.21%
30-Day Median Bid/Ask Spread30.37%
Total Net Assets$17,482,515
Outstanding Shares750,002
Daily Volume11,907
Average 30-Day Daily Volume5,860
Closing Market Price 52-Week High/Low$24.85 / $20.07
Closing NAV 52-Week High/Low$24.82 / $20.02
Number of Holdings (excluding cash)45
Top Holdings (as of 9/20/2021)*
Holding Percent
NextEra Energy Partners, LP 7.67%
NextEra Energy, Inc. 6.25%
Sempra Energy 5.09%
Iberdrola S.A. (ADR) 4.45%
Xcel Energy Inc. 4.31%
Alliant Energy Corporation 3.76%
Atmos Energy Corporation 3.72%
Cheniere Energy, Inc. 3.71%
Quanta Services, Inc. 3.67%
Enel SpA (ADR) 3.43%

* Excluding cash.  Holdings are subject to change.

NAV History (Since Inception)
Past performance is not indicative of future results.
Distribution Information
Dividend per Share Amt (as of 9/21/2021)4$0.0967
30-Day SEC Yield (as of 8/31/2021)51.67%
12-Month Distribution Rate (as of 8/31/2021)61.56%
Fund Characteristics (as of 8/31/2021)8
Maximum Market Cap.$164,768
Median Market Cap.$19,395
Minimum Market Cap.$2,297
Bid/Ask Premium/Discount (as of 9/20/2021)
  2020 Q1 2021 Q2 2021 Q3 2021
Days Traded at Premium 116 61 63 56
Days Traded at Discount 137 0 0 0
Composition By Industry (as of 9/20/2021)
Electric Power & Transmission 75.54%
Natural Gas Transmission 20.56%
Nat. Gas Gathering & Processing 0.56%
Hypothetical Growth of $10,000 Since Inception (as of 9/20/2021) *


Month End Performance (as of 8/31/2021)
  3 Month YTD 1 Year 3 Year 5 Year 10 Year Since
Fund
Inception9
Fund Performance *
Net Asset Value (NAV) 3.89% 8.70% 17.70% N/A N/A N/A 11.46%
After Tax Held 3.71% 8.36% 16.89% N/A N/A N/A 10.72%
After Tax Sold 2.30% 5.14% 10.44% N/A N/A N/A 8.49%
Market Price 3.71% 8.73% 17.95% N/A N/A N/A 11.55%
Index Performance **
PHLX Utility Sector Index 6.45% 11.06% 20.63% N/A N/A N/A 9.93%
S&P 500 Index 7.95% 21.58% 31.17% N/A N/A N/A 26.09%
Quarter End Performance (as of 6/30/2021)
  3 Month YTD 1 Year 3 Year 5 Year 10 Year Since
Fund
Inception9
Fund Performance *
Net Asset Value (NAV) 1.21% 3.76% 20.29% N/A N/A N/A 9.78%
After Tax Held 1.03% 3.44% 19.45% N/A N/A N/A 8.99%
After Tax Sold 0.71% 2.23% 11.98% N/A N/A N/A 7.15%
Market Price 1.33% 3.94% 20.71% N/A N/A N/A 9.96%
Index Performance **
PHLX Utility Sector Index -0.56% 1.93% 16.43% N/A N/A N/A 5.90%
S&P 500 Index 8.55% 15.25% 40.79% N/A N/A N/A 25.14%

*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.

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 determined by using the midpoint of the national best bid offer price ("NBBO") as of the time that the fund's NAV is calculated. Returns are average annualized total returns, except those for periods of less than one year, which are cumulative.

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.

**Indexes do 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.

PHLX Utility Sector Index - The Index is a market capitalization weighted index composed of geographically diverse public U.S. utility stocks.

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

Footnotes
1 The NAV represents the fund's net assets (assets less liabilities) divided by the fund's outstanding shares .
2 Fund shares are purchased and sold on an exchange at their market 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 The median bid-ask spread is calculated by identifying the national best bid and national best offer ("NBBO") for the fund as of the end of each 10 second interval during each trading day of the last 30 calendar days and dividing the difference between each such bid and offer by the midpoint of the NBBO. The median of those values is identified and that value is expressed as a percentage rounded to the nearest hundredth.
4 Most recent distribution paid or declared to today's date. Subject to change in the future. There is no guarantee that the fund will declare dividends.
5 The 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 and includes the effects of fee waivers and expense reimbursements, if applicable.
6 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.
7 Distribution Rate is calculated by dividing the fund's most recent ordinary distribution paid or declared, on an annualized basis, by the NAV price. Distribution rates may vary.
8 All market capitalization numbers are in USD$ Millions.
9 Inception Date is 8/19/2019

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.

Risk Considerations

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 a fund by authorized participants, in very large creation/redemption units. If a 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 a fund's net asset value and possibly face delisting.

A fund's shares will change in value, and you could lose money by investing in a fund. One of the principal risks of investing in a fund is market risk. Market risk is the risk that a particular stock owned by a fund, fund shares or stocks in general may fall in value. There can be no assurance that a fund's investment objective will be achieved. The outbreak of the respiratory disease designated as COVID-19 in December 2019 has caused significant volatility and declines in global financial markets, which have caused losses for investors. While the development of vaccines has slowed the spread of the virus and allowed for the resumption of "reasonably" normal business activity in the United States, many countries continue to impose lockdown measures in an attempt to slow the spread. Additionally, there is no guarantee that vaccines will be effective against emerging variants of the disease.

In managing a fund's investment portfolio, the sub-advisor will apply investment techniques and risk analyses that may not have the desired result.

As the use of Internet technology has become more prevalent in the course of business, funds have become more susceptible to potential operational risks through breaches in cyber security.

Energy companies are subject to certain risks, including volatile fluctuations in price and supply of energy fuels, international politics, terrorist attacks, reduced demand, the success of exploration projects, natural disasters, clean-up and litigation costs relating to oil spills and environmental damage, and tax and other regulatory policies of various governments. Oil production and refining companies are subject to extensive federal, state and local environmental laws and regulations regarding air emissions and the disposal of hazardous materials. In addition, oil prices are generally subject to extreme volatility.

The companies held by the fund may not ultimately undertake, or be successful in, their efforts to reduce the carbon impact of the production, transportation, conversion, or storage of energy. The fund's investment strategy limits the number of investment opportunities available to it, which may cause the fund to underperform other funds that are not subject to such investment limitations.

A fund may be a constituent of one or more indices which could greatly affect a fund's trading activity, size, and volatility.

As inflation increases, the present value of the fund's assets and distributions may decline.

Certain fund investments may be subject to restrictions on resale, trade over-the-counter or in limited volume, or lack an active trading market. Illiquid securities may trade at a discount and may be subject to wide fluctuations in market value.

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 MLPs could be taxed as corporations, resulting in decreased returns from such MLPs.

A fund classified as "non-diversified" may invest a relatively high percentage of its assets in a limited number of issuers. As a result, a 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.

Securities of non-U.S. issuers are 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.

A fund and a fund's advisor may seek to reduce various operational risks through controls and procedures, but it is not possible to completely protect against such risks.

Securities of small- and mid-capitalization companies may experience greater price volatility and be less liquid than larger, more established companies.

A fund with significant exposure to a single asset class, country, region, industry, or sector may be more affected by an adverse economic or political development than a broadly diversified fund.

Trading on the exchange may be halted due to market conditions or other reasons. There can be no assurance that the requirements to maintain the listing of a fund on the exchange will continue to be met or be unchanged.

First Trust Advisors L.P. is the adviser to the fund. First Trust Advisors L.P. is an affiliate of First Trust Portfolios L.P., the fund’s distributor.

Not FDIC Insured • Not Bank Guaranteed • May Lose Value
 
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, the Internal Revenue Code or any other regulatory framework. Financial professionals are responsible for evaluating investment risks independently and for exercising independent judgment in determining whether investments are appropriate for their clients.
First Trust Portfolios L.P.  Member SIPC and FINRA. (Form CRS)   •  First Trust Advisors L.P. (Form CRS)
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