First Trust Dow Jones Select MicroCap Index Fund (FDM)

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	Fact Sheet
	Summary Prospectus
	Monthly Performance Report

Fund Summary

2018 Estimated Capital Gain Distributions
Certain First Trust Exchange-Traded Funds are expected to pay a long-term capital gain distribution in December. For a list of exchange-traded funds expected to pay a long-term capital gain distribution, please click here. Short-term capital gain distributions, if any, are expected to be nominal and are taxed like ordinary income. Final determination of the source and tax status of all distributions paid in the current year are to be made after year-end and could differ from the expectations noted above.

Investment Objective/Strategy - The First Trust Dow Jones Select MicroCap Index Fund is an exchange-traded index fund. The investment objective of the Fund is to replicate as closely as possible, before fees and expenses, the price and yield of the Dow Jones Select Microcap Index^SM.

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

This index is designed to represent microcap stocks trading on the New York Stock Exchange ("NYSE"), NYSE Amex and Nasdaq that are comparatively liquid and have strong fundamentals relative to the microcap segment as a whole.
Covers securities whose market capitalizations fall within a range defined by the bottom two deciles of NYSE stocks.
Stocks are screened based on market capitalization, trading volume, and financial indicators that include trailing price/earnings ratio, trailing price/sales ratio, per-share profit change for the previous quarter, operating profit margin and six-month total return.

Fund Overview

Ticker	FDM
Fund Type	Micro Cap
Investment Advisor	First Trust Advisors L.P.
Investor Servicing Agent	Bank of New York Mellon
CUSIP	33718M105
ISIN	US33718M1053
Intraday NAV	FDMIV
Fiscal Year-End	12/31
Exchange	NYSE Arca
Inception	9/27/2005
Inception Price	$20.00
Inception NAV	$20.00
Rebalance Frequency	Quarterly
Gross Expense Ratio*	0.71%
Net Expense Ratio*	0.60%

* As of 5/1/2018

Expenses are capped contractually at 0.60% per year, at least until April 30, 2019.

Current Fund Data (as of 11/15/2018)

Closing NAV¹	$46.04
Closing Share Price²	$45.93
Bid/Ask Midpoint	$45.94
Bid/Ask Discount	0.22%
Total Net Assets	$140,652,088
Outstanding Shares	3,055,000
Daily Volume	11,531
Average 30-Day Daily Volume	20,757
Closing Share Price 52-Week High/Low	$53.18 / $44.86
Closing NAV 52-Week High/Low	$53.06 / $44.71
Number of Holdings	242

Fund Characteristics (as of 10/31/2018)⁹

Maximum Market Cap.	$4,323
Median Market Cap.	$445
Minimum Market Cap.	$107
Price/Earnings	13.71
Price/Book	1.58
Price/Cash Flow	8.96
Price/Sales	0.90

Top Holdings (as of 11/16/2018)

Holding	Percent
CVR Energy, Inc.	1.31%
Renewable Energy Group, Inc.	1.16%
K12 Inc.	0.97%
TPG RE Finance Trust, Inc.	0.96%
Marcus & Millichap, Inc.	0.92%
Unisys Corporation	0.89%
Arbor Realty Trust, Inc.	0.88%
Addus HomeCare Corporation	0.83%
NV5 Global, Inc.	0.81%
Photronics, Inc.	0.80%

Holdings are subject to change.

NAV History (Since Inception)

Past performance is not indicative of future results.

Overall Morningstar Rating^TM (as of 10/31/2018)³

Among 367 funds in the Small Value category. This fund was rated 5 stars/367 funds (3 years), 5 stars/325 funds (5 years), 3 stars/228 funds (10 years).

Distribution Information

Dividend per Share Amt (as of 11/18/2018)⁴	$0.0919
30-Day SEC Yield (as of 10/31/2018)⁵	1.29%
Unsubsidized 30-Day SEC Yield (as of 10/31/2018)⁶	1.16%
12-Month Distribution Rate (as of 10/31/2018)⁷	0.98%
Index Yield (as of 10/31/2018)⁸	2.12%

Bid/Ask Midpoint vs. NAV (as of 9/30/2018)

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
9/30/2018	40	0	0	0
6/30/2018	48	0	0	0
3/31/2018	47	0	0	0
12/31/2017	56	0	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
9/30/2018	23	0	0	0
6/30/2018	16	0	0	0
3/31/2018	14	0	0	0
12/31/2017	7	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 11/16/2018)

Financials	39.15%
Consumer Discretionary	16.92%
Industrials	15.00%
Information Technology	6.75%
Energy	5.89%
Real Estate	5.59%
Materials	3.39%
Consumer Staples	3.09%
Health Care	2.49%
Communication Services	1.26%
Utilities	0.47%

Month End Performance (as of 10/31/2018)

	3 Mos	YTD	1 Year	3 Year	5 Year	10 Year	Since Fund Inception¹⁰
Fund Performance *
Net Asset Value (NAV)	-9.24%	-1.04%	-0.26%	12.75%	10.21%	12.61%	7.60%
After Tax Held	-9.30%	-1.27%	-0.65%	12.17%	9.69%	12.14%	7.23%
After Tax Sold	-5.46%	-0.61%	-0.16%	9.68%	7.82%	10.29%	6.07%
Market Price	-9.35%	-1.34%	-0.22%	12.79%	10.24%	12.63%	7.60%

Index Performance **
Dow Jones Select MicroCap Index^SM	-9.07%	-0.53%	0.32%	13.40%	10.86%	13.32%	8.31%
Russell 2000® Index	-9.26%	-0.60%	1.85%	10.68%	8.01%	12.44%	7.99%

Quarter End Performance (as of 9/28/2018)

	3 Mos	YTD	1 Year	3 Year	5 Year	10 Year	Since Fund Inception¹⁰
Fund Performance *
Net Asset Value (NAV)	0.73%	8.93%	11.51%	18.70%	13.27%	11.15%	8.45%
After Tax Held	0.66%	8.68%	11.08%	18.09%	12.74%	10.69%	8.07%
After Tax Sold	0.43%	5.28%	6.79%	14.45%	10.34%	8.99%	6.80%
Market Price	0.61%	8.61%	11.37%	18.71%	13.26%	11.17%	8.45%

Index Performance **
Dow Jones Select MicroCap Index^SM	0.93%	9.45%	12.16%	19.39%	13.94%	11.87%	9.17%
Russell 2000® Index	3.58%	11.51%	15.24%	17.12%	11.07%	11.11%	9.01%

3-Year Statistics (as of 10/31/2018)

	Standard Deviation	Alpha	Beta	Sharpe Ratio	Correlation
FDM	15.68%	2.10	0.99	0.79	0.92
Russell 2000® Index	14.65%	---	1.00	0.71	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 based on the midpoint of the bid/ask spread 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. 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.

**Performance information for the Dow Jones Select MicroCap Index^SM 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.

Russell 2000® Index - The Index is comprised of the smallest 2000 companies in the Russell 3000 Index.

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 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	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.
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	The unsubsidized 30-day SEC yield is calculated the same as the 30-day SEC yield, however it excludes contractual fee waivers and expense reimbursements.
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 Dow Jones Select MicroCap Index(SM).
⁹	All market capitalization numbers are in USD$ Millions.
¹⁰	Inception Date is 9/27/2005

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 Dow Jones Select MicroCap Index^SM. 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. If the 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 the fund's net asset value and possibly face delisting.

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. There can be no assurance that the fund's investment objective will be achieved.

The fund may invest in securities issued by companies concentrated in a particular industry. The fund invests in micro-capitalization companies which may be more vulnerable to adverse general market or economic developments, may be less liquid, and may experience greater price volatility than larger, more established companies.

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.

The Dow Jones Select MicroCap Index^SM is a product of S&P Dow Jones Indices LLC ("SPDJI"), and has been licensed for use by First Trust. Dow Jones^® and Dow Jones Select MicroCap Index^SM are trademarks of Dow Jones Trademark Holdings LLC ("Dow Jones") and have been licensed to SPDJI and have been sublicensed for use for certain purposes by First Trust on behalf of the Fund. First Trust Dow Jones Select MicroCap Index Fund is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones or their respective affiliates and none of them makes any representation regarding the advisability of investing in such product.

©2018 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.

Not FDIC Insured • Not Bank Guaranteed • May Lose Value