US Equity Dividend Select ETF (RNDV)

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	Fact Sheet
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	Monthly Performance Report
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Fund Summary

Investment Objective/Strategy - The US Equity Dividend Select ETF (the "Fund") seeks investment results that correspond generally to the price and yield (before the Fund's fees and expenses) of an equity index called the Nasdaq Riskalyze US Large Cap Select Dividend Index (the "Index"). The Fund will normally invest at least 90% of its net assets (including investment borrowings) in common stocks that comprise the Index. The Fund, using an indexing investment approach, attempts to replicate, before fees and expenses, the performance of the Index. The Fund's investment advisor seeks a correlation of 0.95 or better (before fees and expenses) between the Fund's performance and the performance of the Index; a figure of 1.00 would represent perfect correlation. The Index is owned and is developed, maintained and sponsored by Riskalyze, Inc. (the "Index Provider").

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

Index Description According to the Index Provider

The Nasdaq Riskalyze US Large Cap Select Dividend Index is a modified market capitalization weighted index which seeks to provide a diversified portfolio of dividend-paying securities with above average yield.
To be eligible for inclusion in the index, a security must meet certain criteria, including:
- being a member of the Nasdaq US 500 Large Cap Index,
- having paid a dividend in the trailing twelve months.
- having a trailing twelve month dividend yield higher than the Nasdaq US 500 Large Cap Index.
Sector weights are assigned that are equal to the sector weights within the Nasdaq US 500 Large Cap Index.
Securities within each sector are weighted by dividend yield.
The index is rebalanced and reconstituted on a quarterly basis.

Fund Overview

Ticker	RNDV
Fund Type	U.S. Equity
Investment Advisor	First Trust Advisors L.P.
Investor Servicing Agent	Brown Brothers Harriman
CUSIP	33738R738
ISIN	US33738R7382
Intraday NAV	RNDVIV
Fiscal Year-End	03/31
Exchange	Nasdaq
Inception	6/20/2017
Inception Price	$19.85
Inception NAV	$19.85
Rebalance Frequency	Quarterly
Expense Ratio	0.50%

Current Fund Data (as of 10/3/2022)

Closing NAV¹	$25.59
Closing Market Price²	$25.63
Bid/Ask Midpoint	$25.60
Bid/Ask Premium	0.02%
30-Day Median Bid/Ask Spread (as of 9/30/2022)³	0.31%
Total Net Assets	$16,632,510
Outstanding Shares	650,002
Daily Volume	263
Average 30-Day Daily Volume	2,204
Closing Market Price 52-Week High/Low	$31.55 / $24.88
Closing NAV 52-Week High/Low	$31.58 / $24.89
Number of Holdings (excluding cash)	227

Top Holdings (as of 9/30/2022)*

Holding	Percent
International Business Machines Corporation	2.39%
Hewlett Packard Enterprise Company	2.02%
Cardinal Health, Inc.	1.94%
Gilead Sciences, Inc.	1.88%
Broadcom Inc.	1.85%
Corning Incorporated	1.84%
Texas Instruments Incorporated	1.81%
NetApp, Inc.	1.79%
Seagate Technology Holdings Plc	1.78%
Intel Corporation	1.62%

* Excluding cash. Holdings are subject to change.

NAV History (Since Inception)

Past performance is not indicative of future results.

Overall Morningstar Rating^TM (as of 8/31/2022)⁴

Among 1,154 funds in the Large Value category. This fund was rated 4 stars/1,154 funds (3 years), 4 stars/1,082 funds (5 years) based on risk adjusted returns.

Distribution Information

Dividend per Share Amt (as of 10/4/2022)⁵	$0.1876
30-Day SEC Yield (as of 8/31/2022)⁶	2.50%
12-Month Distribution Rate (as of 8/31/2022)⁷	2.38%
Index Yield (as of 8/31/2022)⁸	3.49%

Fund Characteristics (as of 9/30/2022)¹⁰

Maximum Market Cap.	$429,503
Median Market Cap.	$31,128
Minimum Market Cap.	$7,445
Price/Earnings	11.23
Price/Book	2.19
Price/Cash Flow	7.75
Price/Sales	1.06

Bid/Ask Premium/Discount (as of 10/3/2022)

	2021	Q1 2022	Q2 2022	Q3 2022
Days Traded at Premium	149	46	59	22
Days Traded at Discount	103	16	3	42

Top Sector Exposure (as of 9/30/2022)

Technology	25.92%
Health Care	14.97%
Consumer Discretionary	14.90%
Industrials	12.29%
Financials	10.77%
Consumer Staples	6.39%
Energy	4.82%
Utilities	3.22%
Real Estate	2.92%
Telecommunications	2.55%
Basic Materials	1.25%

Hypothetical Growth of $10,000 Since Inception (as of 9/30/2022) *

Tracking Index: Nasdaq Riskalyze US Large Cap Dividend Index

Month End Performance (as of 8/31/2022)

	3 Month	YTD	1 Year	3 Year	5 Year	10 Year	Since Fund Inception¹¹
Fund Performance *
Net Asset Value (NAV)	-6.81%	-9.60%	-5.65%	11.94%	10.11%	N/A	9.52%
After Tax Held	-7.07%	-10.00%	-6.51%	10.73%	8.88%	N/A	8.34%
After Tax Sold	-4.04%	-5.68%	-3.32%	8.75%	7.38%	N/A	6.94%
Market Price	-6.90%	-9.40%	-5.68%	12.03%	10.10%	N/A	9.52%

Index Performance **
Nasdaq Riskalyze US Large Cap Dividend Index	-6.74%	-9.35%	-5.20%	12.56%	10.73%	N/A	10.12%
Nasdaq US 500 Large Cap Index	-3.54%	-17.10%	-12.87%	12.19%	11.78%	N/A	11.69%
S&P 500 Index	-3.88%	-16.14%	-11.23%	12.39%	11.82%	N/A	11.74%

Quarter End Performance (as of 6/30/2022)

	3 Month	YTD	1 Year	3 Year	5 Year	10 Year	Since Fund Inception¹¹
Fund Performance *
Net Asset Value (NAV)	-10.91%	-12.11%	-6.34%	10.05%	9.31%	N/A	9.24%
After Tax Held	-11.16%	-12.50%	-7.19%	8.86%	8.08%	N/A	8.02%
After Tax Sold	-6.46%	-7.16%	-3.71%	7.26%	6.74%	N/A	6.69%
Market Price	-10.99%	-11.85%	-6.08%	10.11%	9.30%	N/A	9.26%

Index Performance **
Nasdaq Riskalyze US Large Cap Dividend Index	-10.84%	-11.92%	-5.85%	10.66%	9.92%	N/A	9.85%
Nasdaq US 500 Large Cap Index	-16.65%	-21.13%	-12.77%	10.31%	11.17%	N/A	11.01%
S&P 500 Index	-16.10%	-19.96%	-10.62%	10.60%	11.31%	N/A	11.13%

3-Year Statistics (as of 8/31/2022)

	Standard Deviation	Alpha	Beta	Sharpe Ratio	Correlation
RNDV	20.20%	0.76	0.93	0.63	0.91
Nasdaq US 500 Large Cap Index	19.64%	---	1.00	0.65	1.00

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.

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.

**Performance information for each listed index is for illustrative purposes only and does not represent actual fund performance. 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.

Nasdaq US 500 Large Cap Index - The Index is a float modified market capitalization weighted index that contains the top 500 securities from the NASDAQ US Benchmark Index.

S&P 500 Index - The Index is an unmanaged index of 500 companies 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	The Morningstar Rating^TM for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The Morningstar Rating does not include any adjustment for sales loads. The top 10% of products in each product 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 Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.
⁵	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.
⁶	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.
⁷	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.
⁸	Index yield represents the weighted average trailing 12-month dividend of the constituents of the Nasdaq Riskalyze US Large Cap Dividend Index.
⁹	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.
¹⁰	All market capitalization numbers are in USD$ Millions.
¹¹	Inception Date is 6/20/2017

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

You could lose money by investing in a fund. An investment in a fund is not a deposit of a bank and is not insured or guaranteed. There can be no assurance that a fund's objective(s) will be achieved. Investors buying or selling shares on the secondary market may incur customary brokerage commissions. Please refer to each fund's prospectus and SAI for additional details on a fund's risks. The order of the below risk factors does not indicate the significance of any particular risk factor.

Unlike mutual funds, shares of the fund 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 premium or discount to a fund's net asset value and possibly face delisting and the bid/ask spread may widen.

A fund is susceptible to operational risks through breaches in cyber security. Such events could cause a fund to incur regulatory penalties, reputational damage, additional compliance costs associated with corrective measures and/or financial loss.

Companies that issue dividend-paying securities are not required to continue to pay dividends on such securities. Therefore, there is a possibility that such companies could reduce or eliminate the payment of dividends in the future.

Equity securities may decline significantly in price over short or extended periods of time, and such declines may occur in the equity market as a whole, or they may occur in only a particular country, company, industry or sector of the market.

An index fund will be concentrated in an industry or a group of industries to the extent that the index is so concentrated. A fund with significant exposure to a single asset class, or the securities of issuers within the same country, state, region, industry, or sector may have its value more affected by an adverse economic, business or political development than a broadly diversified fund.

A fund may be a constituent of one or more indices or models which could greatly affect a fund's trading activity, size and volatility. There is no assurance that the index provider or its agents will compile or maintain the index accurately. Losses or costs associated with any index provider errors generally will be borne by a fund and its shareholders.

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

Information technology companies are subject to certain risks, including rapidly changing technologies, short product life cycles, fierce competition, aggressive pricing and reduced profit margins, loss of patent, copyright and trademark protections, cyclical market patterns, evolving industry standards and regulation and frequent new product introductions.

Large capitalization companies may grow at a slower rate than the overall market.

Market risk is the risk that a particular security, or shares of a fund in general may fall in value. Securities are subject to market fluctuations caused by such factors as general economic conditions, political events, regulatory or market developments, changes in interest rates and perceived trends in securities prices. Shares of a fund could decline in value or underperform other investments as a result. In addition, local, regional or global events such as war, acts of terrorism, spread of infectious disease or other public health issues, recessions, or other events could have significant negative impact on a fund. In February 2022, Russia invaded Ukraine which has caused and could continue to cause significant market disruptions and volatility within the markets in Russia, Europe, and the United States. The hostilities and sanctions resulting from those hostilities could have a significant impact on certain fund investments as well as fund performance. The COVID-19 global pandemic and the ensuing policies enacted by governments and central banks have caused and may continue to cause significant volatility and uncertainty in global financial markets. While the U.S. has resumed "reasonably" normal business activity, many countries continue to impose lockdown measures. Additionally, there is no guarantee that vaccines will be effective against emerging variants of the disease.

A fund faces numerous market trading risks, including the potential lack of an active market for fund shares due to a limited number of market makers. Decisions by market makers or authorized participants to reduce their role or step away in times of market stress could inhibit the effectiveness of the arbitrage process in maintaining the relationship between the underlying values of a fund's portfolio securities and a fund's market price.

An index fund's return may not match the return of the index for a number of reasons including operating expenses, costs of buying and selling securities to reflect changes in the index, and the fact that a fund's portfolio holdings may not exactly replicate the index.

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. The fund also relies on third parties for a range of services, including custody, and any delay or failure related to those services may affect the fund's ability to meet its objective.

A fund that invests in securities included in or representative of an index will hold those securities regardless of investment merit and the fund generally will not take defensive positions in declining markets.

High portfolio turnover may result in higher levels of transaction costs and may generate greater tax liabilities for shareholders.

The market price of a fund's shares will generally fluctuate in accordance with changes in the fund's net asset value ("NAV") as well as the relative supply of and demand for shares on the exchange, and a fund's investment advisor cannot predict whether shares will trade below, at or above their NAV.

Real Estate Investment Trusts ("REITs") are subject to risks the risks of investing in real estate, including, but not limited to, changes in the real estate market, vacancy rates and competition, volatile interest rates and economic recession. Increases in interest rates typically lower the present value of a REIT's future earnings stream and may make financing property purchases and improvements more costly. The value of a fund will generally decline when investors in REIT stocks anticipate or experience rising interest rates.

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 an exchange may be halted due to market conditions or other reasons. There can be no assurance that a fund's requirements to maintain the exchange listing 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.

Riskalyze and Nasdaq Riskalyze US Large Cap Select Dividend Index are trademarks or service marks of Riskalyze, Inc. (“Riskalyze”) and have been licensed for use for certain purposes by First Trust. The Fund is not sponsored, endorsed, sold or promoted by Riskalyze, and Riskalyze makes no representation regarding the advisability of trading in the Fund.

©2022 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.

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Not FDIC Insured • Not Bank Guaranteed • May Lose Value