First Trust ETFs Rated 4 or 5 Stars by Morningstar

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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 3/31/2021.

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.
First Trust Alternative Absolute Return Strategy ETF	FAAR			N/A	N/A	Commodities Broad Basket	96	84	50
First Trust Dow 30 Equal Weight ETF	EDOW			N/A	N/A	Large Value	1,138	1,007	729
First Trust Dow Jones Select MicroCap Index Fund	FDM					Small Value	402	372	269
First Trust Financials AlphaDEX® Fund	FXO					Financial	94	84	71
First Trust International Equity Opportunities ETF	FPXI				N/A	Foreign Large Growth	383	320	224
First Trust Latin America AlphaDEX® Fund	FLN				N/A	Latin America Stock	22	19	16
First Trust Long/Short Equity ETF	FTLS				N/A	Long-Short Equity	180	153	48
First Trust Low Duration Opportunities ETF	LMBS				N/A	Short Government	78	75	64
First Trust Managed Municipal ETF	FMB				N/A	Muni National Interm	249	224	164
First Trust Materials AlphaDEX® Fund	FXZ					Natural Resources	104	98	86
First Trust Municipal CEF Income Opportunity ETF	MCEF			N/A	N/A	Muni National Long	144	123	99
First Trust Municipal High Income ETF	FMHI			N/A	N/A	High Yield Muni	179	152	100
First Trust Nasdaq Oil & Gas ETF	FTXN			N/A	N/A	Equity Energy	75	69	54
First Trust NASDAQ-100 Equal Weighted Index Fund	QQEW					Large Growth	1,186	1,065	788
First Trust North American Energy Infrastructure Fund	EMLP				N/A	Energy Limited Partnership	89	76	18
First Trust Preferred Securities and Income ETF	FPE				N/A	Preferred Stock	53	45	24
First Trust RBA American Industrial Renaissance® ETF	AIRR				N/A	Industrials	39	34	29
First Trust Rising Dividend Achievers ETF	RDVY				N/A	Large Value	1,138	1,007	729
First Trust Senior Loan Fund	FTSL				N/A	Bank Loan	232	209	109
First Trust SMID Cap Rising Dividend Achievers ETF	SDVY			N/A	N/A	Mid-Cap Value	395	350	250
First Trust TCW Opportunistic Fixed Income ETF	FIXD			N/A	N/A	Intermediate Core-Plus Bond	540	476	342
First Trust US Equity Opportunities ETF	FPX					Large Growth	1,186	1,065	788
First Trust Value Line® Dividend Index Fund	FVD					Large Value	1,138	1,007	729
First Trust Water ETF	FIW					Natural Resources	104	98	86
US Equity Dividend Select ETF	RNDV			N/A	N/A	Large Value	1,138	1,007	729

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.

©2021 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.