First Trust India NIFTY 50 Equal Weight ETF (NFTY)

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	Fact Sheet
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Fund Summary

Investment Objective/Strategy - The First Trust India NIFTY 50 Equal Weight ETF (the "Fund"), formerly First Trust Taiwan AlphaDEX® Fund, seeks investment results that correspond generally to the price and yield (before the Fund's fees and expenses) of an equity index called the NIFTY 50 Equal Weight Index (the "Index"). The Fund will normally invest at least 90% of its net assets (including investment borrowings) in common stocks that comprise the Index.

There can be no assurance that the Fund's investment objectives will be achieved.

The NIFTY 50 Equal Weight Index is an equally weighted index that consists of the same companies as the NIFTY 50 Index, an index that tracks the performance of the 50 largest and most liquid Indian securities listed on the National Stock Exchange of India.
The NIFTY 50 Equal Weight Index gives equal exposure to all 50 constituents. The same weight, or importance, is given to each stock in the index, allowing for the performance of smaller companies to contribute as much as the larger companies within the index.
To maintain the equal weight focus, the index is rebalanced quarterly and reconstituted semi-annually.

Fund Overview

Ticker	NFTY
Fund Type	India Equity
Investment Advisor	First Trust Advisors L.P.
Investor Servicing Agent	Brown Brothers Harriman
CUSIP	33737J802
ISIN	US33737J8027
Intraday NAV	NFTYIV
Fiscal Year-End	12/31
Exchange	Nasdaq
Inception	2/14/2012
Inception Price	$30.00
Inception NAV	$30.00
Rebalance Frequency	Quarterly
Expense Ratio	0.80%

Current Fund Data (as of 7/27/2021)

Closing NAV¹	$45.09
Closing Market Price²	$45.00
Bid/Ask Midpoint	$45.00
Bid/Ask Discount	0.20%
30-Day Median Bid/Ask Spread³	0.63%
Total Net Assets	$76,657,052
Outstanding Shares	1,700,002
Daily Volume	804
Average 30-Day Daily Volume	1,971
Closing Market Price 52-Week High/Low	$46.43 / $29.58
Closing NAV 52-Week High/Low	$46.32 / $29.44
Number of Holdings (excluding cash)	52

Top Holdings (as of 7/27/2021)*

Holding	Percent
Tata Steel Limited	2.29%
Divi's Laboratories Limited	2.26%
Hindalco Industries Limited	2.23%
Bajaj Finserv Limited	2.22%
SBI Life Insurance Company Limited	2.20%
UltraTech Cement Limited	2.20%
Wipro Limited	2.16%
Larsen & Toubro Ltd.	2.12%
ICICI Bank Limited	2.09%
Nestle India Limited	2.09%

* Excluding cash. Holdings are subject to change.

NAV History (Since Inception)

Past performance is not indicative of future results.

Distribution Information

Dividend per Share Amt (as of 7/28/2021)⁴	$0.0183
30-Day SEC Yield (as of 6/30/2021)⁵	0.58%
12-Month Distribution Rate (as of 6/30/2021)⁶	0.37%
Index Yield (as of 6/30/2021)⁷	1.51%

Fund Characteristics (as of 6/30/2021)⁹

Maximum Market Cap.	$180,354
Median Market Cap.	$19,329
Minimum Market Cap.	$4,567
Price/Book	3.16
Price/Cash Flow	17.34
Price/Sales	1.69

Bid/Ask Premium/Discount (as of 7/27/2021)

	2020	Q1 2021	Q2 2021	Q3 2021
Days Traded at Premium	122	24	32	5
Days Traded at Discount	131	37	31	13

Top Sector Exposure (as of 7/27/2021)

Financials	22.14%
Materials	16.82%
Consumer Discretionary	13.12%
Information Technology	10.17%
Consumer Staples	9.99%
Energy	9.60%
Health Care	8.06%
Utilities	4.07%
Industrials	4.00%
Communication Services	2.02%

Hypothetical Growth of $10,000 Since Inception (as of 7/27/2021) *

Month End Performance (as of 6/30/2021)

	3 Month	YTD	1 Year	3 Year	5 Year	10 Year	Since Fund Inception¹⁰
Fund Performance *
Net Asset Value (NAV)	6.97%	16.24%	60.66%	8.02%	10.12%	N/A	6.44%
After Tax Held	6.95%	16.07%	60.40%	7.70%	9.26%	N/A	5.59%
After Tax Sold	4.12%	9.61%	35.90%	6.05%	7.55%	N/A	4.68%
Market Price	5.85%	16.89%	60.38%	7.82%	10.19%	N/A	6.42%

Index Performance **
NIFTY 50 Equal Weight	8.98%	19.87%	71.54%	11.46%	N/A	N/A	N/A
NIFTY 50 Index	6.30%	11.25%	57.03%	12.17%	12.93%	N/A	8.60%

Quarter End Performance (as of 6/30/2021)

	3 Month	YTD	1 Year	3 Year	5 Year	10 Year	Since Fund Inception¹⁰
Fund Performance *
Net Asset Value (NAV)	6.97%	16.24%	60.66%	8.02%	10.12%	N/A	6.44%
After Tax Held	6.95%	16.07%	60.40%	7.70%	9.26%	N/A	5.59%
After Tax Sold	4.12%	9.61%	35.90%	6.05%	7.55%	N/A	4.68%
Market Price	5.85%	16.89%	60.38%	7.82%	10.19%	N/A	6.42%

Index Performance **
NIFTY 50 Equal Weight	8.98%	19.87%	71.54%	11.46%	N/A	N/A	N/A
NIFTY 50 Index	6.30%	11.25%	57.03%	12.17%	12.93%	N/A	8.60%

*Performance data quoted represents past performance. Past performance is not a guarantee of future results and current performance may be higher or lower than performance quoted. Investment returns and principal value will fluctuate and shares when sold or redeemed, may be worth more or less than their original cost.

After Tax Held returns represent return after taxes on distributions. Assumes shares have not been sold. After Tax Sold returns represent the return after taxes on distributions and the sale of fund shares. Returns do not represent the returns you would receive if you traded shares at other times. Market Price returns are determined by using the midpoint of the national best bid offer price ("NBBO") as of the time that the fund's NAV is calculated. Returns are average annualized total returns, except those for periods of less than one year, which are cumulative.

After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor’s tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.

**Performance information for the NIFTY 50 Equal Weight is for illustrative purposes only and does not represent actual fund performance.

Indexes do not charge management fees or brokerage expenses, and no such fees or expenses were deducted from the performance shown. Indexes are unmanaged and an investor cannot invest directly in an index.

On April 17, 2018, the fund's underlying index changed from the NASDAQ AlphaDEX® Taiwan Index to the NIFTY 50 Equal Weight Index. On July 14, 2015, the fund's underlying index changed from the Defined Taiwan Index to the NASDAQ AlphaDEX® Taiwan Index. Therefore, the fund's performance and historical returns shown for the periods prior to these dates are not necessarily indicative of the performance that the fund, based on its current index, would have generated.

NIFTY 50 Index - The Index tracks the performance of the 50 largest and most liquid Indian securities listed on the National Stock Exchange of India.

Footnotes

¹	The NAV represents the fund's net assets (assets less liabilities) divided by the fund's outstanding shares .
²	Fund shares are purchased and sold on an exchange at their market price rather than net asset value (NAV), which may cause the shares to trade at a price greater than NAV (premium) or less than NAV (discount).
³	The median bid-ask spread is calculated by identifying the national best bid and national best offer ("NBBO") for the fund as of the end of each 10 second interval during each trading day of the last 30 calendar days and dividing the difference between each such bid and offer by the midpoint of the NBBO. The median of those values is identified and that value is expressed as a percentage rounded to the nearest hundredth.
⁴	Most recent distribution paid or declared to today's date. Subject to change in the future. There is no guarantee that the fund will declare dividends.
⁵	The 30-day SEC yield is calculated by dividing the net investment income per share earned during the most recent 30-day period by the maximum offering price per share on the last day of the period and includes the effects of fee waivers and expense reimbursements, if applicable.
⁶	12-Month Distribution Rate is calculated by dividing the sum of the fund's trailing 12-month ordinary distributions paid or declared by the NAV price. Distribution rates may vary.
⁷	Index yield represents the weighted average trailing 12-month dividend of the constituents of the NIFTY 50 Equal Weight.
⁸	Distribution Rate is calculated by dividing the fund's most recent ordinary distribution paid or declared, on an annualized basis, by the NAV price. Distribution rates may vary.
⁹	All market capitalization numbers are in USD$ Millions.
¹⁰	Inception Date is 2/14/2012

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.

Risk Considerations

A fund's return may not match the return of its underlying index. A fund invests in securities included in the index regardless of investment merit and the securities held by a fund will generally not be bought or sold in response to market fluctuations.

Investors buying or selling fund shares on the secondary market may incur customary brokerage commissions. Market prices may differ to some degree from the net asset value of the shares. Investors who sell fund shares may receive less than the share's net asset value. Shares may be sold throughout the day on the exchange through any brokerage account. However, unlike mutual funds, shares may only be redeemed directly from a fund by authorized participants in very large creation/redemption units. If a fund's authorized participants are unable to proceed with creation/redemption orders and no other authorized participant is able to step forward to create or redeem, fund shares may trade at a discount to a fund's net asset value and possibly face delisting.

A fund's shares will change in value, and you could lose money by investing in a fund. One of the principal risks of investing in a fund is market risk. Market risk is the risk that a particular stock owned by a fund, fund shares or stocks in general may fall in value. There can be no assurance that a fund's investment objective will be achieved. The outbreak of the respiratory disease designated as COVID-19 in December 2019 has caused significant volatility and declines in global financial markets, which have caused losses for investors. While the development of vaccines has slowed the spread of the virus and allowed for the resumption of "reasonably" normal business activity in the United States, many countries continue to impose lockdown measures in an attempt to slow the spread. Additionally, there is no guarantee that vaccines will be effective against emerging variants of the disease.

A fund that effects all or a portion of its creations and redemptions for cash rather than in-kind may be less tax-efficient.

Changes in currency exchange rates and the relative value of non-US currencies may affect the value of a fund's investments and the value of a fund's shares.

As the use of Internet technology has become more prevalent in the course of business, funds have become more susceptible to potential operational risks through breaches in cyber security.

A fund may be a constituent of one or more indices or models which could greatly affect a fund's trading activity, size and volatility.

There is no assurance that the index provider or its agents will compile or maintain the index accurately.

Indian companies are subject to certain risks, including greater price volatility, substantially less liquidity and significantly smaller market capitalization of securities markets, more substantial governmental involvement in the economy, higher rates of inflation, and greater political, economic and social uncertainty. Government controls have been reduced on imports and foreign investment, and privatization of domestic output has proceeded slowly. Rapid economic growth has put heavy stress on India's infrastructural facilities. Furthermore, businesses still have to deal with an inefficient and sometimes slow-moving bureaucracy.

NFTY is registered in India as a Foreign Portfolio Investor ("FPI) with the Securities and Exchange Board of India. Only while maintaining a FPI registration would a fund be able to buy, sell or deal in Indian securities. Investment by FPIs in Indian securities are subject to certain limits and restrictions under the applicable law, and the applications of such limits and restrictions could adversely impact the ability of a fund to make investments in India.

Securities of non-U.S. issuers are subject to additional risks, including currency fluctuations, political risks, withholding, the lack of adequate financial information, and exchange control restrictions impacting non-U.S. issuers. These risks may be heightened for securities of companies located in, or with significant operations in, emerging market countries.

A fund and a fund's advisor may seek to reduce various operational risks through controls and procedures, but it is not possible to completely protect against such risks

High portfolio turnover may result in higher levels of transaction costs and may generate greater tax liabilities for shareholders.

A fund with significant exposure to a single asset class, country, region, industry, or sector may be more affected by an adverse economic or political development than a broadly diversified fund.

Securities of small- and mid-capitalization companies may experience greater price volatility and be less liquid than larger, more established companies.

A fund will be subject to tax in India on the purchase and sale of Indian securities held by a fund, which will reduce a fund's returns.

Trading on the exchange may be halted due to market conditions or other reasons. There can be no assurance that the requirements to maintain the listing of a fund on the exchange will continue to be met or be unchanged.

First Trust Advisors L.P. is the adviser to the fund. First Trust Advisors L.P. is an affiliate of First Trust Portfolios L.P., the fund’s distributor.

The First Trust India NIFTY 50 Equal Weight ETF (the "Product") offered by First Trust is not sponsored, endorsed, sold or promoted by NSE INDICES LIMITED (formerly known as India Index Services & Products Limited (IISL)). NSE INDICES LIMITED does not make any representation or warranty, express or implied (including warranties of merchantability or fitness for particular purpose or use) and disclaims all liability to the owners of the Product or any member of the public regarding the advisability of investing in securities generally or in the Product linked to the NIFTY 50 Equal Weight Index or particularly in the ability of the NIFTY 50 Equal Weight Index to track general stock market performance in India. Please read the full Disclaimers in relation to the NIFTY 50 Equal Weight Index in the Prospectus and Statement of Additional Information.

"AlphaDEX^®" is a registered trademark of First Trust Portfolios L.P. First Trust Portfolios L.P. has obtained a patent for the AlphaDEX^® stock selection methodology from the United States Patent and Trademark Office.

Not FDIC Insured • Not Bank Guaranteed • May Lose Value