First Trust ETFs Rated 4 or 5 Stars by Morningstar

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	Monthly Performance Report

The following First Trust ETFs have received a four or five star Morningstar Rating^TM based on risk adjusted returns. ETFs are rated from one to five stars, with the best performers receiving five stars and the worst performers receiving a single star. The top 10% of funds in each 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. Morningstar Ratings are as of 3/31/2024.

Click on the fund name for additional information and quarterly standardized performance returns.

		Morningstar Ratings				Fund Category	Number of funds in Category
Fund Name	Ticker	Overall Rating	3 yr. Rating	5 yr. Rating	10 yr. Rating		3 yr.	5 yr.	10 yr.
Emerging Markets Equity Select ETF	RNEM				N/A	Diversified Emerging Mkts	721	657	N/A
First Trust Active Factor Mid Cap ETF	AFMC			N/A	N/A	Mid-Cap Blend	392	N/A	N/A
First Trust Active Factor Small Cap ETF	AFSM			N/A	N/A	Small Blend	584	N/A	N/A
First Trust China AlphaDEX® Fund	FCA					China Region	92	73	52
First Trust Consumer Staples AlphaDEX® Fund	FXG					Consumer Defensive	25	25	20
First Trust Dorsey Wright Focus 5 ETF	FV					Mid-Cap Blend	392	360	252
First Trust EIP Carbon Impact ETF	ECLN			N/A	N/A	Utilities	59	N/A	N/A
First Trust Emerging Markets Small Cap AlphaDEX® Fund	FEMS					Diversified Emerging Mkts	721	657	425
First Trust Global Tactical Commodity Strategy Fund	FTGC					Commodities Broad Basket	100	96	63
First Trust Horizon Managed Volatility Small/Mid ETF	HSMV			N/A	N/A	Small Blend	584	N/A	N/A
First Trust Institutional Preferred Securities and Income ETF	FPEI				N/A	Preferred Stock	65	59	N/A
First Trust International Developed Capital Strength® ETF	FICS			N/A	N/A	Foreign Large Growth	383	N/A	N/A
First Trust Latin America AlphaDEX® Fund	FLN					Latin America Stock	22	20	15
First Trust Long Duration Opportunities ETF	LGOV				N/A	Long Government	37	34	N/A
First Trust Long/Short Equity ETF	FTLS				N/A	Long-Short Equity	154	137	N/A
First Trust Low Duration Opportunities ETF	LMBS				N/A	Short-Term Bond	534	494	N/A
First Trust Materials AlphaDEX® Fund	FXZ					Natural Resources	111	105	91
First Trust Multi Cap Growth AlphaDEX® Fund	FAD					Mid-Cap Growth	520	489	393
First Trust Municipal High Income ETF	FMHI				N/A	High Yield Muni	185	176	N/A
First Trust Nasdaq Oil & Gas ETF	FTXN				N/A	Equity Energy	70	68	N/A
First Trust Nasdaq Semiconductor ETF	FTXL				N/A	Technology	232	204	N/A
First Trust North American Energy Infrastructure Fund	EMLP					Energy Limited Partnership	99	89	62
First Trust Preferred Securities and Income ETF	FPE					Preferred Stock	65	59	37
First Trust RBA American Industrial Renaissance® ETF	AIRR					Industrials	42	40	32
First Trust Rising Dividend Achievers ETF	RDVY					Large Value	1,118	1,058	816
First Trust Senior Loan Fund	FTSL					Bank Loan	214	206	169
First Trust Short Duration Managed Municipal ETF	FSMB				N/A	Muni National Short	209	197	N/A
First Trust SMID Cap Rising Dividend Achievers ETF	SDVY				N/A	Small Value	457	426	N/A
First Trust Water ETF	FIW					Natural Resources	111	105	91
FT Vest Fund of Buffer ETFs	BUFR			N/A	N/A	Options Trading	230	N/A	N/A
FT Vest Nasdaq-100® Buffer ETF - March	QMAR			N/A	N/A	Options Trading	230	N/A	N/A
FT Vest S&P 500® Dividend Aristocrats Target Income ETF®	KNG				N/A	Derivative Income	79	72	N/A
FT Vest U.S. Equity Buffer ETF - December	FDEC			N/A	N/A	Options Trading	230	N/A	N/A
FT Vest U.S. Equity Buffer ETF - February	FFEB			N/A	N/A	Options Trading	230	N/A	N/A
FT Vest U.S. Equity Buffer ETF - January	FJAN			N/A	N/A	Options Trading	230	N/A	N/A
FT Vest U.S. Equity Buffer ETF - July	FJUL			N/A	N/A	Options Trading	230	N/A	N/A
FT Vest U.S. Equity Buffer ETF - June	FJUN			N/A	N/A	Options Trading	230	N/A	N/A
FT Vest U.S. Equity Buffer ETF - March	FMAR			N/A	N/A	Options Trading	230	N/A	N/A
FT Vest U.S. Equity Buffer ETF - September	FSEP			N/A	N/A	Options Trading	230	N/A	N/A

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.

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.

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