First Trust NASDAQ Technology Dividend Index Fund (TDIV)

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	Fact Sheet
	Summary Prospectus
	Monthly Performance Report

Fund Summary

Investment Objective/Strategy - The First Trust NASDAQ Technology Dividend Index Fund is an exchange-traded fund. The 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 NASDAQ Technology Dividend Index^SM (the "Index").

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

To be included in the index, the security must be listed on The Nasdaq Stock Market LLC, the New York Stock Exchange, or the NYSE Amex and classified as a technology or telecommunications company according to Industry Classification Benchmark (ICB).
Each security must have a minimum market capitalization of $500 million, have a minimum three-month average daily dollar trading volume of $1 million, have paid a regular or common dividend within the past 12 months; have a yield of at least 0.5%; have not had a decrease in common dividends per share paid within past 12 months; and may not be issued by an issuer currently in bankruptcy proceedings.
The index is evaluated semi-annually in March and September, but if at any time during the year other than the evaluation, an index security no longer meets the eligibility criteria, or is otherwise determined to have become ineligible for inclusion in the index, the security is removed from the Index and is not replaced.
The index employs a modified dividend value weighting methodology. At each evaluation, the index securities are classified as technology or telecommunications based on their ICB classification. The technology securities are given a collective weight of 80% and the telecommunications securities are given a collective weight of 20% in the index. The index weighting methodology includes caps to prevent high concentrations among larger stocks.
The index is rebalanced quarterly.

Fund Overview

Ticker	TDIV
Fund Type	Technology
Investment Advisor	First Trust Advisors L.P.
Investor Servicing Agent	Brown Brothers Harriman
CUSIP	33738R118
ISIN	US33738R1187
Intraday NAV	TDIVIV
Fiscal Year-End	09/30
Exchange	Nasdaq
Inception	8/13/2012
Inception Price	$19.92
Inception NAV	$19.92
Rebalance Frequency	Quarterly
Expense Ratio	0.50%

Current Fund Data (as of 4/3/2020)

Closing NAV¹	$34.50
Closing Market Price²	$34.45
Bid/Ask Midpoint	$34.50
Bid/Ask Discount	0.00%
Total Net Assets	$916,042,858
Outstanding Shares	26,555,000
Daily Volume	112,302
Average 30-Day Daily Volume	243,220
Closing Market Price 52-Week High/Low	$46.25 / $31.64
Closing NAV 52-Week High/Low	$46.24 / $31.50
Number of Holdings (excluding cash)	91

Fund Characteristics (as of 3/31/2020)⁷

Maximum Market Cap.	$1,199,550
Median Market Cap.	$11,204
Minimum Market Cap.	$329
Price/Earnings	14.81
Price/Book	3.09
Price/Cash Flow	7.55
Price/Sales	1.77

Top Holdings (as of 4/2/2020)*

Holding	Percent
Microsoft Corporation	9.77%
Apple Inc.	8.73%
Intel Corporation	8.64%
Cisco Systems, Inc.	8.37%
International Business Machines Corporation	7.79%
Oracle Corporation	4.22%
Texas Instruments Incorporated	4.04%
QUALCOMM Incorporated	3.88%
Broadcom Inc.	3.57%
China Mobile Limited (ADR)	2.40%

* 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 4/5/2020)³	$0.2107
30-Day SEC Yield (as of 2/28/2020)⁴	2.74%
12-Month Distribution Rate (as of 2/28/2020)⁵	2.47%
Index Yield (as of 2/28/2020)⁶	3.26%

Bid/Ask Midpoint vs. NAV (as of 3/31/2020)

Number of Days Bid/Ask Midpoint Above NAV

Quarter Ended	0-49 Basis Points	50-99 Basis Points	100-199 Basis Points	>=200 Basis Points
3/31/2020	32	1	0	0
12/31/2019	44	0	0	0
9/30/2019	42	0	0	0
6/30/2019	47	1	0	0

Number of Days Bid/Ask Midpoint Below NAV

Quarter Ended	0-49 Basis Points	50-99 Basis Points	100-199 Basis Points	>=200 Basis Points
3/31/2020	29	0	0	0
12/31/2019	20	0	0	0
9/30/2019	22	0	0	0
6/30/2019	15	0	0	0

The price used to calculate market return is determined by using the midpoint between the highest bid and the lowest offer on the stock exchange, on which shares of the Fund are listed for trading, as of the time that the Fund's NAV is calculated.

Top Industry Exposure (as of 4/2/2020)

Semiconductors & Semiconductor Equipment	28.14%
Software	18.16%
Technology Hardware, Storage & Peripherals	13.43%
Diversified Telecommunication Services	11.51%
Communications Equipment	9.53%
IT Services	9.37%
Wireless Telecommunication Services	7.32%
Aerospace & Defense	1.08%
Electronic Equipment, Instruments & Components	1.04%
Entertainment	0.39%

Month End Performance (as of 2/28/2020)

	3 Month	YTD	1 Year	3 Year	5 Year	10 Year	Since Fund Inception⁸
Fund Performance *
Net Asset Value (NAV)	-4.73%	-8.20%	8.58%	10.70%	9.73%	N/A	12.36%
After Tax Held	-5.02%	-8.20%	7.52%	9.53%	8.55%	N/A	11.16%
After Tax Sold	-2.79%	-4.86%	5.09%	7.77%	7.08%	N/A	9.42%
Market Price	-4.66%	-8.09%	8.66%	10.73%	9.75%	N/A	12.38%

Index Performance **
NASDAQ Technology Dividend Index^SM	-4.59%	-8.14%	9.34%	11.42%	10.43%	N/A	13.08%
S&P 500 Information Technology Index	0.72%	-3.61%	26.70%	22.25%	18.38%	N/A	18.51%
S&P 500 Index	-5.50%	-8.27%	8.19%	9.87%	9.23%	N/A	12.67%

Quarter End Performance (as of 12/31/2019)

	3 Month	YTD	1 Year	3 Year	5 Year	10 Year	Since Fund Inception⁸
Fund Performance *
Net Asset Value (NAV)	8.44%	33.31%	33.31%	16.38%	12.14%	N/A	13.96%
After Tax Held	8.11%	32.00%	32.00%	15.15%	10.94%	N/A	12.72%
After Tax Sold	5.00%	19.66%	19.66%	12.26%	9.01%	N/A	10.74%
Market Price	8.41%	33.39%	33.39%	16.35%	12.11%	N/A	13.96%

Index Performance **
NASDAQ Technology Dividend Index^SM	8.63%	34.33%	34.33%	17.15%	12.86%	N/A	14.71%
S&P 500 Information Technology Index	14.40%	50.29%	50.29%	27.66%	20.20%	N/A	19.56%
S&P 500 Index	9.07%	31.49%	31.49%	15.27%	11.70%	N/A	14.30%

3-Year Statistics (as of 2/28/2020)

	Standard Deviation	Alpha	Beta	Sharpe Ratio	Correlation
TDIV	15.03%	0.44	1.07	0.63	0.94
S&P 500 Information Technology Index	16.59%	10.42	1.10	1.19	0.87
S&P 500 Index	13.16%	---	1.00	0.65	1.00

Standard Deviation is a measure of price variability (risk). Alpha is an indication of how much an investment outperforms or underperforms on a risk-adjusted basis relative to its benchmark.Beta is a measure of price variability relative to the market. Sharpe Ratio is a measure of excess reward per unit of volatility. Correlation is a measure of the similarity of performance.

*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 based on the midpoint of the bid/ask spread on the stock exchange on which shares of the fund are listed for trading 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 NASDAQ Technology Dividend Index^SM 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.

S&P 500 Information Technology Index - The Index is an unmanaged index which includes the stocks in the information technology sector of the S&P 500 Index.

S&P 500 Index - The Index is an unmanaged index of 500 stocks used to measure large-cap U.S. stock market performance.

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	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.
⁴	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.
⁵	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.
⁶	Index yield represents the weighted average trailing 12-month dividend of the constituents of the NASDAQ Technology Dividend Index(SM).
⁷	All market capitalization numbers are in USD$ Millions.
⁸	Inception Date is 8/13/2012

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.

ETF Characteristics

The fund lists and principally trades its shares on The Nasdaq Stock Market LLC.

The fund's return may not match the return of the NASDAQ Technology Dividend Index^SM. Securities held by the 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 the fund by authorized participants, in very large creation/redemption units. If the 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 the fund's net asset value and possibly face delisting.

Risk Considerations

The fund's shares will change in value and you could lose money by investing in the fund. One of the principal risks of investing in the fund is market risk. Market risk is the risk that a particular security owned by the fund, fund shares or securities in general may fall in value. There can be no assurance that the 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. The impact of this COVID-19 pandemic may be short term or may last for an extended period of time, and in either case could result in a substantial economic downturn or recession.

The fund may invest in small capitalization and mid capitalization companies. Such companies may experience greater price volatility than larger, more established companies.

An investment in a fund containing securities of non-U.S. issuers is 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. The fund may invest in depositary receipts which may be less liquid than the underlying shares in their primary trading market.

The fund invests in information technology companies which are subject to certain risks, including rapidly changing technologies, short product life cycles, fierce competition, aggressive pricing and reduced profit margins, loss of patent, copyright and trademark protections, cyclical market patterns, evolving industry standards and frequent new product introductions.

The fund invests in telecommunications companies which are subject to certain risks, including a market characterized by increasing competition and regulation, the need to commit substantial capital to meet increasing competition and technological innovations that may make various products and services obsolete.

There is no guarantee that any issuer will declare dividends in the future, or that, if declared, they will remain at current levels or increase over time.

The fund is classified as "non-diversified" and may invest a relatively high percentage of its assets in a limited number of issuers. As a result, the fund may be more susceptible to a single adverse economic or regulatory occurrence affecting one or more of these issuers, experience increased volatility and be highly concentrated in certain issuers.

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.

Nasdaq® and NASDAQ Technology Dividend Index℠ are registered trademarks and service marks of Nasdaq, Inc. (together with its affiliates hereinafter referred to as the “Corporations”) and are licensed for use by First Trust. The Fund has not been passed on by the Corporations as to its legality or suitability. The Fund is not issued, endorsed, sold or promoted by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE FUND.

Not FDIC Insured • Not Bank Guaranteed • May Lose Value