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 9/30/2021.

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 Dow 30 Equal Weight ETF	EDOW			N/A	N/A	Large Value	1,144	1,022	747
First Trust Dow Jones Select MicroCap Index Fund	FDM					Small Value	405	382	289
First Trust Financials AlphaDEX® Fund	FXO					Financial	94	87	71
First Trust Institutional Preferred Securities and Income ETF	FPEI			N/A	N/A	Preferred Stock	60	49	28
First Trust International Equity Opportunities ETF	FPXI				N/A	Foreign Large Growth	383	322	221
First Trust Latin America AlphaDEX® Fund	FLN					Latin America Stock	22	19	18
First Trust Long/Short Equity ETF	FTLS				N/A	Long-Short Equity	179	157	50
First Trust Lunt U.S. Factor Rotation ETF	FCTR			N/A	N/A	Large Blend	1,257	1,102	812
First Trust Managed Municipal ETF	FMB				N/A	Muni National Interm	263	229	169
First Trust Materials AlphaDEX® Fund	FXZ					Natural Resources	105	98	87
First Trust Municipal CEF Income Opportunity ETF	MCEF				N/A	Muni National Long	145	123	99
First Trust Municipal High Income ETF	FMHI			N/A	N/A	High Yield Muni	185	153	104
First Trust Nasdaq Oil & Gas ETF	FTXN				N/A	Equity Energy	71	70	53
First Trust NASDAQ-100-Technology Sector Index Fund	QTEC					Technology	213	183	155
First Trust North American Energy Infrastructure Fund	EMLP				N/A	Energy Limited Partnership	91	75	23
First Trust Preferred Securities and Income ETF	FPE				N/A	Preferred Stock	60	49	28
First Trust Rising Dividend Achievers ETF	RDVY				N/A	Large Value	1,144	1,022	747
First Trust Senior Loan Fund	FTSL				N/A	Bank Loan	226	205	134
First Trust TCW Opportunistic Fixed Income ETF	FIXD			N/A	N/A	Intermediate Core-Plus Bond	571	498	357
First Trust TCW Unconstrained Plus Bond ETF	UCON			N/A	N/A	Nontraditional Bond	310	282	118
First Trust Value Line® Dividend Index Fund	FVD					Large Value	1,144	1,022	747
First Trust Water ETF	FIW					Natural Resources	105	98	87
FT Cboe Vest S&P 500® Dividend Aristocrats Target Income ETF®	KNG			N/A	N/A	Large Value	1,144	1,022	747
US Equity Dividend Select ETF	RNDV			N/A	N/A	Large Value	1,144	1,022	747

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.