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 Dow Jones Internet Index Fund

FDN

$9,171,393,903

First Trust Value Line® Dividend Index Fund

FVD

$4,064,729,665

First Trust Preferred Securities and Income ETF

FPE

$3,466,513,820

First Trust Dorsey Wright Focus 5 ETF

$2,753,876,667

First Trust NASDAQ-100-Technology Sector Index Fund

QTEC

$2,600,858,528

First Trust North American Energy Infrastructure Fund

EMLP

$2,181,064,115

First Trust Enhanced Short Maturity ETF

FTSM

$2,122,359,263

First Trust Technology AlphaDEX® Fund

FXL

$2,034,296,547

First Trust Cloud Computing ETF

SKYY

$1,675,335,528

First Trust NYSE Arca Biotechnology Index Fund

FBT

$1,669,219,935

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

The fund's shares will change in value, and you could lose money by investing in the fund.

An index fund's return may not match the return of the applicable index.

A fund may not be fully invested at times. Securities held by an index fund will generally not be bought or sold in response to market fluctuations. The securities held by a fund may be issued by companies concentrated in a particular industry or country.

A fund may invest in small capitalization and mid capitalization companies. Such companies may experience greater price volatility than larger, more established companies.

An investment in a fund containing equity securities of foreign issuers is subject to additional risks, including currency fluctuations, political risks, withholding, the lack of adequate financial information, and exchange control restrictions impacting foreign issuers. These risks may be heightened for securities of companies located in, or with significant operations in, emerging market countries.

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, shares may only be redeemed directly from the fund by authorized participants, in very large creation/redemption units.

Actively managed funds are subject to management risk. In managing a fund's investment portfolio, the advisor or sub-advisor (as applicable) will apply investment techniques and risk analyses that may not have the desired result.

There can be no guarantee that a fund will meet its investment objective. With the exception of MDIV, FDM, FVI, FVD and FVL, the funds are classified as "non-diversified." A non-diversified fund generally may invest a larger percentage of its assets in the securities of a smaller number of issuers. As a result, these funds may be more susceptible to the risks associated with these particular companies, or to a single economic, political or regulatory occurrence affecting these companies.

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.