Institutional Investors

Strategy

Objective

Cash
Equitization

Manage cash drag on portfolios while maintaining market exposure during times of transition

Transition
Management

Maintain market exposure while searching for new managers

Rebalancing

Reduce the time needed to implement periodic rebalancing of a portfolio

Portfolio
Completion

Fill a missing asset class in an allocation to maintain investment objectives

Asset
Allocation

Build tailored investment portfolios consistent with financial needs, risk tolerance and investment horizon

Risk
Management

Obtain long or short exposure to efficiently mitigate the risk of being over exposed to any one company or area of the market

Hedging

ETFs can be purchased on margin and sold short, even on a downtick, providing maximum trading flexibility. Listed options are available on some ETFs and offer opportunities for additional hedging or to increase income*

Duration and Credit Adjustments

Fine-tune targeted duration and credit quality of fixed income portfolios

Fund Name

Ticker

Net Assets

First Trust Value Line® Dividend Index Fund

FVD

$12,653,854,701

First Trust Capital Strength ETF

FTCS

$8,836,712,353

First Trust Rising Dividend Achievers ETF

RDVY

$8,419,593,047

First Trust Enhanced Short Maturity ETF

FTSM

$7,926,635,619

First Trust Preferred Securities and Income ETF

FPE

$6,253,465,862

First Trust Morningstar Dividend Leaders Index Fund

FDL

$5,314,329,962

First Trust Low Duration Opportunities ETF

LMBS

$4,679,649,249

First Trust Nasdaq Cybersecurity ETF

CIBR

$4,655,880,336

First Trust Dow Jones Internet Index Fund

FDN

$4,047,997,257

First Trust TCW Opportunistic Fixed Income ETF

FIXD

$3,450,747,464

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. 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 the fund's net asset value and possibly face delisting.

There are risks involved with investing in ETFs, including the potential loss of money. Index-based ETFs are not actively managed and may not match the return of the specific index it seeks to replicate. Actively managed ETFs do not seek to replicate a specific index and are subject to management risk because the advisor or sub-advisor will apply investment techniques and risk analyses that may not have the desired result.

There is no assurance that any funds listed will achieve their investment objectives. Please be aware that each fund listed is subject to various risks which, depending on the investment objective, may include risks such as non-diversification, concentration, sector, interest rate, momentum investing, fixed-income or equity investing, commodities and futures, and foreign and emerging markets. For a complete description of relative risks for a specific fund please download and carefully read the appropriate First Trust prospectus or call First Trust Portfolios L.P. at 1.800.621.1675 to request a prospectus.

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