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 8/31/2022.

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 California Municipal High Income ETF	FCAL				N/A	Muni California Long	102	96	69
First Trust Capital Strength ETF	FTCS					Large Blend	1,231	1,111	818
First Trust Consumer Staples AlphaDEX® Fund	FXG					Consumer Defensive	26	23	19
First Trust Dorsey Wright DALI 1 ETF	DALI			N/A	N/A	Tactical Allocation	234	203	116
First Trust Dorsey Wright Focus 5 ETF	FV				N/A	Large Growth	1,140	1,052	788
First Trust EIP Carbon Impact ETF	ECLN			N/A	N/A	Utilities	60	55	48
First Trust Financials AlphaDEX® Fund	FXO					Financial	96	90	75
First Trust Institutional Preferred Securities and Income ETF	FPEI				N/A	Preferred Stock	62	56	33
First Trust International Equity Opportunities ETF	FPXI				N/A	Foreign Large Growth	390	344	222
First Trust Latin America AlphaDEX® Fund	FLN					Latin America Stock	21	17	15
First Trust Long Duration Opportunities ETF	LGOV			N/A	N/A	Long Government	30	27	21
First Trust Long/Short Equity ETF	FTLS				N/A	Long-Short Equity	179	158	59
First Trust Low Duration Opportunities ETF	LMBS				N/A	Short Government	79	76	66
First Trust Managed Municipal ETF	FMB				N/A	Muni National Interm	277	241	177
First Trust Materials AlphaDEX® Fund	FXZ					Natural Resources	106	99	87
First Trust Multi Cap Growth AlphaDEX® Fund	FAD					Mid-Cap Growth	533	489	379
First Trust Nasdaq Cybersecurity ETF	CIBR				N/A	Technology	213	188	155
First Trust Nasdaq Oil & Gas ETF	FTXN				N/A	Equity Energy	69	67	52
First Trust NASDAQ-100 Equal Weighted Index Fund	QQEW					Large Growth	1,140	1,052	788
First Trust NASDAQ-100-Technology Sector Index Fund	QTEC					Technology	213	188	155
First Trust North American Energy Infrastructure Fund	EMLP					Energy Limited Partnership	99	76	30
First Trust Preferred Securities and Income ETF	FPE				N/A	Preferred Stock	62	56	33
First Trust RBA American Industrial Renaissance® ETF	AIRR				N/A	Industrials	42	35	29
First Trust Rising Dividend Achievers ETF	RDVY				N/A	Large Value	1,154	1,082	785
First Trust Senior Loan Fund	FTSL				N/A	Bank Loan	232	213	141
First Trust Short Duration Managed Municipal ETF	FSMB			N/A	N/A	Muni National Short	209	181	136
First Trust TCW Unconstrained Plus Bond ETF	UCON			N/A	N/A	Nontraditional Bond	312	265	124
First Trust Technology AlphaDEX® Fund	FXL					Technology	213	188	155
First Trust Ultra Short Duration Municipal ETF	FUMB			N/A	N/A	Muni National Short	209	181	136
First Trust Value Line® Dividend Index Fund	FVD					Large Value	1,154	1,082	785
First Trust Water ETF	FIW					Natural Resources	106	99	87
FT Cboe Vest S&P 500® Dividend Aristocrats Target Income ETF®	KNG			N/A	N/A	Large Value	1,154	1,082	785
US Equity Dividend Select ETF	RNDV				N/A	Large Value	1,154	1,082	785

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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