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 4/30/2022.

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 Capital Strength ETF	FTCS					Large Blend	1,212	1,104	808
First Trust China AlphaDEX® Fund	FCA					China Region	91	71	50
First Trust Dorsey Wright DALI 1 ETF	DALI			N/A	N/A	Tactical Allocation	244	209	114
First Trust Dorsey Wright Momentum & Dividend ETF	DDIV				N/A	Mid-Cap Value	393	360	264
First Trust Dow Jones Select MicroCap Index Fund	FDM					Small Value	434	411	312
First Trust Emerging Markets Small Cap AlphaDEX® Fund	FEMS					Diversified Emerging Mkts	729	628	352
First Trust Financials AlphaDEX® Fund	FXO					Financial	97	88	75
First Trust Institutional Preferred Securities and Income ETF	FPEI			N/A	N/A	Preferred Stock	63	53	30
First Trust International Equity Opportunities ETF	FPXI				N/A	Foreign Large Growth	392	349	223
First Trust Latin America AlphaDEX® Fund	FLN					Latin America Stock	24	20	18
First Trust Long Duration Opportunities ETF	LGOV			N/A	N/A	Long Government	30	26	21
First Trust Long/Short Equity ETF	FTLS				N/A	Long-Short Equity	178	154	58
First Trust Low Duration Opportunities ETF	LMBS				N/A	Short Government	78	76	65
First Trust Managed Municipal ETF	FMB				N/A	Muni National Interm	273	240	170
First Trust Materials AlphaDEX® Fund	FXZ					Natural Resources	107	100	88
First Trust Morningstar Dividend Leaders Index Fund	FDL					Large Value	1,146	1,066	773
First Trust Multi Cap Growth AlphaDEX® Fund	FAD					Mid-Cap Growth	538	502	385
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	1,137	1,048	775
First Trust NASDAQ-100-Technology Sector Index Fund	QTEC					Technology	213	187	155
First Trust North American Energy Infrastructure Fund	EMLP				N/A	Energy Limited Partnership	91	76	28
First Trust Preferred Securities and Income ETF	FPE				N/A	Preferred Stock	63	53	30
First Trust Rising Dividend Achievers ETF	RDVY				N/A	Large Value	1,146	1,066	773
First Trust Senior Loan Fund	FTSL				N/A	Bank Loan	229	213	140
First Trust Short Duration Managed Municipal ETF	FSMB			N/A	N/A	Muni National Short	208	180	132
First Trust Tactical High Yield ETF	HYLS				N/A	High Yield Bond	632	575	381
First Trust TCW Unconstrained Plus Bond ETF	UCON			N/A	N/A	Nontraditional Bond	297	262	122
First Trust Technology AlphaDEX® Fund	FXL					Technology	213	187	155
First Trust Ultra Short Duration Municipal ETF	FUMB			N/A	N/A	Muni National Short	208	180	132
First Trust Value Line® Dividend Index Fund	FVD					Large Value	1,146	1,066	773
First Trust Water ETF	FIW					Natural Resources	107	100	88
FT Cboe Vest S&P 500® Dividend Aristocrats Target Income ETF®	KNG			N/A	N/A	Large Value	1,146	1,066	773
Small Cap US Equity Select ETF	RNSC			N/A	N/A	Small Blend	586	534	351
US Equity Dividend Select ETF	RNDV			N/A	N/A	Large Value	1,146	1,066	773

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.

©2022 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.