RFEM First Trust RiverFront Dynamics Emerging Markets

First Trust Advisors L.P. (“FTA”) announces the declaration of distributions for 99 of 114 exchange-traded funds advised by FTA.

The following dates apply to today’s distribution declarations:

        Expected Ex-Dividend Date:     December 21, 2016 Record Date: December 23, 2016 Payable Date: December 30, 2016            

Ticker

Exchange

Fund Name

Frequency

Ordinary

Short-Term

Long-Term

Income

Capital Gain

Capital Gain

Per Share

Per Share

Per Share

Amount

Amount

Amount

  ACTIVELY MANAGED EXCHANGE-TRADED FUNDS   First Trust Exchange-Traded Fund III FPE NYSE Arca First Trust Preferred Securities and Income ETF Monthly $0.0998 FMB Nasdaq First Trust Managed Municipal ETF Monthly $0.1100 $0.1624 FEMB Nasdaq First Trust Emerging Markets Local Currency Bond ETF Monthly $0.1650 FTLS NYSE Arca First Trust Long/Short Equity ETF Quarterly $0.1542 RFAP Nasdaq First Trust RiverFront Dynamic Asia Pacific ETF Quarterly $0.8730 RFDI Nasdaq First Trust RiverFront Dynamic Developed International ETF Quarterly $0.0340 $0.2376 RFEU Nasdaq First Trust RiverFront Dynamic Europe ETF Quarterly $0.0200 $0.8141 RFEM Nasdaq First Trust RiverFront Dynamic Emerging Markets ETF Quarterly $0.1563 $1.2672 HDMV NYSE Arca First Trust Horizon Managed Volatility Developed International ETF Quarterly $0.0495 HUSV NYSE Arca First Trust Horizon Managed Volatility Domestic ETF Quarterly $0.0711   First Trust Exchange-Traded Fund IV HYLS Nasdaq First Trust Tactical High Yield ETF Monthly $0.2050 FTSL Nasdaq First Trust Senior Loan Fund Monthly $0.1450 FDIV Nasdaq First Trust Strategic Income ETF Monthly $0.1600 FTSM Nasdaq First Trust Enhanced Short Maturity ETF Monthly $0.0600 LMBS Nasdaq First Trust Low Duration Opportunities ETF Monthly $0.1175 FCVT Nasdaq First Trust SSI Strategic Convertible Securities ETF Monthly $0.1599 EMLP NYSE Arca First Trust North American Energy Infrastructure Fund Quarterly $0.2447 PRME NYSE Arca First Trust Heitman Global Prime Real Estate ETF Quarterly $0.7265   First Trust Exchange-Traded Fund VI FTHI Nasdaq First Trust High Income ETF Monthly $0.0775 FTLB Nasdaq First Trust Low Beta Income ETF Monthly $0.0525   First Trust Exchange-Traded Fund VIII FCEF Nasdaq First Trust CEF Income Opportunity ETF Monthly $0.0921 MCEF Nasdaq First Trust Municipal CEF Income Opportunity ETF Monthly $0.0600   INDEX EXCHANGE-TRADED FUNDS   First Trust Exchange-Traded Fund FDM NYSE Arca First Trust Dow Jones Select MicroCap Index Fund Quarterly $0.1151 FDL NYSE Arca First Trust Morningstar Dividend Leaders Index Fund Quarterly $0.2658 FPX NYSE Arca First Trust US Equity Opportunities ETF Quarterly $0.1082 FTCS Nasdaq First Trust Capital Strength ETF Quarterly $0.1695 TUSA Nasdaq First Trust Total US Market AlphaDEX® ETF Quarterly $0.1461 FVD NYSE Arca First Trust Value Line® Dividend Index Fund Quarterly $0.1727 FRI NYSE Arca First Trust S&P REIT Index Fund Quarterly $0.3898 FIW NYSE Arca First Trust Water ETF Quarterly $0.0464 FCG NYSE Arca First Trust Natural Gas ETF Quarterly $0.0828 FVL NYSE Arca First Trust Value Line® 100 Exchange-Traded Fund Quarterly $0.0381  

Ticker

Exchange

Fund Name

Frequency

Ordinary

Short-Term

Long-Term

Income

Capital Gain

Capital Gain

Per Share

Per Share

Per Share

Amount

Amount

Amount

  QQEW Nasdaq First Trust NASDAQ-100 Equal Weighted Index Fund Quarterly $0.0770 QTEC Nasdaq First Trust NASDAQ-100-Technology Sector Index Fund Quarterly $0.1044 QCLN Nasdaq First Trust NASDAQ® Clean Edge® Green Energy Index Fund Quarterly $0.0150 QABA Nasdaq First Trust NASDAQ® ABA Community Bank Index Fund Quarterly $0.1584 VIXH NYSE Arca First Trust CBOE® S&P 500® VIX® Tail Hedge Fund Quarterly $0.1317 QQXT Nasdaq First Trust NASDAQ-100 Ex-Technology Sector Index Fund Quarterly $0.0479 FNI NYSE Arca First Trust Chindia ETF Quarterly $0.1331   First Trust Exchange-Traded Fund II FDD NYSE Arca First Trust STOXX® European Select Dividend Index Fund Quarterly $0.0799 FFR NYSE Arca First Trust FTSE EPRA/NAREIT Developed Markets Real Estate Index Fund Quarterly $0.9626 FGD NYSE Arca First Trust Dow Jones Global Select Dividend Index Fund Quarterly $0.2328 FAN NYSE Arca First Trust Global Wind Energy ETF Quarterly $0.5588 FPXI Nasdaq First Trust International IPO ETF Quarterly $0.1160 CARZ Nasdaq First Trust NASDAQ Global Auto Index Fund Quarterly $0.2596 SKYY Nasdaq First Trust Cloud Computing ETF Quarterly $0.0293 FTRI Nasdaq First Trust Indxx Global Natural Resources Income ETF Quarterly $0.0898 FTAG Nasdaq First Trust Indxx Global Agriculture ETF Quarterly $0.0855 CIBR Nasdaq First Trust Nasdaq Cybersecurity ETF Quarterly $0.0204 BICK Nasdaq First Trust BICK Index Fund Quarterly $0.1190 FLM NYSE Arca First Trust Global Engineering and Construction ETF Quarterly $0.1261 FONE Nasdaq First Trust Nasdaq Smartphone Index Fund Quarterly $0.1644 GRID Nasdaq First Trust NASDAQ® Clean Edge® Smart Grid Infrastructure Index Fund Quarterly $0.1183   First Trust Exchange-Traded Fund VI MDIV Nasdaq Multi-Asset Diversified Income Index Fund Monthly $0.1047 YDIV Nasdaq International Multi-Asset Diversified Income Index Fund Monthly $0.0861 RDVY Nasdaq First Trust Rising Dividend Achievers ETF Quarterly $0.0863 TDIV Nasdaq First Trust NASDAQ Technology Dividend Index Fund Quarterly $0.1451 AIRR Nasdaq First Trust RBA American Industrial Renaissance® ETF Quarterly $0.0080 FTXD Nasdaq First Trust Nasdaq Retail ETF Quarterly $0.0457 FTXG Nasdaq First Trust Nasdaq Food & Beverage ETF Quarterly $0.0600 FTXN Nasdaq First Trust Nasdaq Oil & Gas ETF Quarterly $0.0437 FTXO Nasdaq First Trust Nasdaq Bank ETF Quarterly $0.0429 QINC Nasdaq First Trust RBA Quality Income ETF Quarterly $0.2055 IFV Nasdaq First Trust Dorsey Wright International Focus 5 ETF Quarterly $0.0314 FV Nasdaq First Trust Dorsey Wright Focus 5 ETF Quarterly $0.1246 FVC Nasdaq First Trust Dorsey Wright Dynamic Focus 5 ETF Quarterly $0.1017 $0.0068 FTXH Nasdaq First Trust Nasdaq Pharmaceuticals ETF Quarterly $0.0286 $0.0056 FTXL Nasdaq First Trust Nasdaq Semiconductor ETF Quarterly $0.0257 $0.0017 FTXR Nasdaq First Trust Nasdaq Transportation ETF Quarterly $0.0530 $0.0007   First Trust Exchange-Traded AlphaDEX® Fund FEX Nasdaq First Trust Large Cap Core AlphaDEX® Fund Quarterly $0.2010 FNX Nasdaq First Trust Mid Cap Core AlphaDEX® Fund Quarterly $0.2134 FYX Nasdaq First Trust Small Cap Core AlphaDEX® Fund Quarterly $0.2573 FTA Nasdaq First Trust Large Cap Value AlphaDEX® Fund Quarterly $0.2110 FTC Nasdaq First Trust Large Cap Growth AlphaDEX® Fund Quarterly $0.1635 FAB Nasdaq First Trust Multi Cap Value AlphaDEX® Fund Quarterly $0.2503 FAD Nasdaq First Trust Multi Cap Growth AlphaDEX® Fund Quarterly $0.1665 FXD NYSE Arca First Trust Consumer Discretionary AlphaDEX® Fund Quarterly $0.1000 FXG NYSE Arca First Trust Consumer Staples AlphaDEX® Fund Quarterly $0.1500 FXN NYSE Arca First Trust Energy AlphaDEX® Fund Quarterly $0.0405 FXO NYSE Arca First Trust Financials AlphaDEX® Fund Quarterly $0.1453 FXZ NYSE Arca First Trust Materials AlphaDEX® Fund Quarterly $0.1721 FXU NYSE Arca First Trust Utilities AlphaDEX® Fund Quarterly $0.2509  

Ticker

Exchange

Fund Name

Frequency

Ordinary

Short-Term

Long-Term

Income

Capital Gain

Capital Gain

Per Share

Per Share

Per Share

Amount

Amount

Amount

  FNY Nasdaq First Trust Mid Cap Growth AlphaDEX® Fund Quarterly $0.1151 FNK Nasdaq First Trust Mid Cap Value AlphaDEX® Fund Quarterly $0.1511 FYT Nasdaq First Trust Small Cap Value AlphaDEX® Fund Quarterly $0.2227 FMK Nasdaq First Trust Mega Cap AlphaDEX® Fund Quarterly $0.1222 FYC Nasdaq First Trust Small Cap Growth AlphaDEX® Fund Quarterly $0.0662 FXL NYSE Arca First Trust Technology AlphaDEX® Fund Quarterly $0.1317 FXR NYSE Arca First Trust Industrials/Producer Durables AlphaDEX® Fund Quarterly $0.0401   First Trust Exchange-Traded AlphaDEX® Fund II FDT Nasdaq First Trust Developed Markets ex-US AlphaDEX® Fund Quarterly $0.2809 FBZ Nasdaq First Trust Brazil AlphaDEX® Fund Quarterly $0.0516 FAUS NYSE Arca First Trust Australia AlphaDEX® Fund Quarterly $1.1322 FPA Nasdaq First Trust Asia Pacific ex-Japan AlphaDEX® Fund Quarterly $0.2749 FHK Nasdaq First Trust Hong Kong AlphaDEX® Fund Quarterly $0.2021 FEMS Nasdaq First Trust Emerging Markets Small Cap AlphaDEX® Fund Quarterly $0.1098 FEM Nasdaq First Trust Emerging Markets AlphaDEX® Fund Quarterly $0.0045 FCA Nasdaq First Trust China AlphaDEX® Fund Quarterly $0.0751 FDTS Nasdaq First Trust Developed Markets ex-US Small Cap AlphaDEX® Fund Quarterly $0.2423 FJP Nasdaq First Trust Japan AlphaDEX® Fund Quarterly $0.4787  

First Trust Advisors L.P., the Funds’ investment advisor, along with its affiliate, First Trust Portfolios L.P., are privately-held companies which provide a variety of investment services, including asset management and financial advisory services, with collective assets under management or supervision of approximately $97 billion as of November 30, 2016 through unit investment trusts, exchange-traded funds, closed-end funds, mutual funds and separate managed accounts.

You should consider the investment objectives, risks, charges and expenses of a Fund before investing. Prospectuses for the Funds contain this and other important information and are available free of charge by calling toll-free at 1-800-621-1675 or visiting www.ftportfolios.com. A prospectus should be read carefully before investing.

Past performance is no assurance of future results. Investment return and market value of an investment in a Fund will fluctuate. Shares, when sold, may be worth more or less than their original cost.

Principal Risk Factors: A Fund’s shares will change in value, and you could lose money by investing in a Fund. An investment in a Fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency. There can be no assurance that a Fund’s investment objectives will be achieved. An investment in a Fund involves risks similar to those of investing in any portfolio of equity securities traded on exchanges. The risks of investing in each Fund are spelled out in its prospectus, shareholder report, and other regulatory filings.

An Index ETF seeks investment results that correspond generally to the price and yield of an index. You should anticipate that the value of an Index Fund’s shares will decline, more or less, in correlation with any decline in the value of the index. An Index Fund’s return may not match the return of the index. Unlike a Fund, the indices do not actually hold a portfolio of securities and therefore do not incur the expenses incurred by a Fund.

Investors buying or selling Fund shares on the secondary market may incur customary brokerage commissions. 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.

One of the principal risks of investing in a Fund is market risk. Market risk is the risk that a particular security owned by a Fund, Fund shares or securities in general may fall in value.

An actively managed ETF is subject to management risk because it is an actively managed portfolio. In managing such a Fund’s investment portfolio, the portfolio managers, management teams, advisor or sub-advisor, will apply investment techniques and risk analyses that may not have the desired result.

A Fund that is concentrated in securities of companies in a certain sector or industry involves additional risks, including limited diversification. An investment in a Fund concentrated in a single country or region may be subject to greater risks of adverse events and may experience greater volatility than a Fund that is more broadly diversified geographically.

Certain Funds 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. A Fund may invest in depositary receipts which may be less liquid than the underlying shares in their primary trading market.

Investments in sovereign bonds involve special risks because the governmental authority that controls the repayment of the debt may be unwilling or unable to repay the principal and/or interest when due. In times of economic uncertainty, the prices of these securities may be more volatile than those of corporate debt obligations or of other government debt obligations.

A Fund that invests in the European region is subject to certain risks because member states in the European Union no longer control their own monetary policies, money supply and official interest rates for the Euro. Rather, such control is exercised by the European Central Bank.

Certain securities held by certain of the Funds are subject to credit risk, call risk, income risk, interest rate risk, prepayment risk, and zero coupon risk. Credit risk is the risk that an issuer of a security will be unable or unwilling to make dividend, interest and/or principal payments when due and that the value of a security may decline as a result. Credit risk is heightened for floating-rate loans and high-yield securities. Call risk is the risk that if an issuer calls higher-yielding debt instruments held by a Fund, performance could be adversely impacted. Income risk is the risk that income from a Fund’s fixed-income investments could decline during periods of falling interest rates. Interest rate risk is the risk that the value of the fixed-income securities in a Fund will decline because of rising market interest rates. Prepayment risk is the risk that during periods of falling interest rates, an issuer may exercise its right to pay principal on an obligation earlier than expected. This may result in a decline in a Fund’s income. Zero coupon risk is the risk that zero coupon bonds may be highly volatile as interest rates rise or fall.

Senior floating-rate loans are usually rated below investment grade but may also be unrated. As a result, the risks associated with these loans are similar to the risks of high-yield fixed income instruments. High-yield securities, or “junk” bonds, are subject to greater market fluctuations and risk of loss than securities with higher ratings, and therefore, may be highly speculative. These securities are issued by companies that may have limited operating history, narrowly focused operations, and/or other impediments to the timely payment of periodic interest and principal at maturity. The market for high yield securities is smaller and less liquid than that for investment grade securities.

Income from municipal bonds held by a Fund could be declared taxable because of, among other things, unfavorable changes in tax laws, adverse interpretations by the Internal Revenue Service or state tax authorities, or noncompliant conduct of a bond issuer. Income from municipal bonds held by a Fund may be subject to the federal alternative minimum income tax.

Convertible securities have characteristics of both equity and debt securities and, as a result, are exposed to certain additional risks. The values of certain synthetic convertible securities will respond differently to market fluctuations than a traditional convertible security because such synthetic convertibles are composed of two or more separate securities or instruments, each with its own market value. A Fund is subject to the credit risk associated with the counterparty creating the synthetic convertible instrument. Synthetic convertible securities may also be subject to the risks associated with derivatives.

Exchange-traded notes (ETNs) are senior, unsecured, unsubordinated debt securities whose returns are linked to the performance of a particular market benchmark or strategy minus applicable fees. The value of an ETN may be influenced by various factors.

Real estate investment trusts (REITs) and real estate operating companies (REOCs) are subject to certain risks, including changes in the real estate market, vacancy rates and competition, volatile interest rates and economic recession.

Master limited partnerships (MLPs) are subject to certain risks, including price and supply fluctuations caused by international politics, energy conservation, taxes, price controls, and other regulatory policies of various governments. In addition, there is the risk that a MLP could be taxed as a corporation, resulting in decreased returns from such MLP.

The use of futures, options, and other derivatives can lead to losses because of adverse movements in the price or value of the underlying asset, index or rate, which may be magnified by certain features of the derivatives. These risks are heightened when a Fund’s portfolio managers use derivatives to enhance a Fund’s return or as a substitute for a position or security, rather than solely to hedge (or offset) the risk of a position or security held by a Fund.

The stocks of companies that have recently conducted an initial public offering have exhibited above average price appreciation in connection with the initial public offering prior to inclusion in a Fund, which may not continue, and these investments may be subject to additional risks, price volatility and speculative trading.

A Fund may effect a portion of creations and redemptions for cash, rather than in-kind securities. As a result, an investment in a Fund may be less tax-efficient than an investment in an exchange-traded fund that effects its creations and redemptions for in-kind securities.

Commodity futures contracts traded on non-U.S. exchanges or with non-U.S. counterparties present risks because they may not be subject to the same degree of regulation as their U.S. counterparts.

A Fund’s investment in repurchase agreements may be subject to market and credit risk with respect to the collateral securing the repurchase agreements.

Alternative investments may employ complex strategies, have unique investment and risk characteristics and may not be suitable for all investors.

Certain Funds may invest in other investment companies, including ETFs and affiliated ETFs, which involves additional expenses that would not be present in a direct investment in the underlying funds. In addition, a Fund's investment performance and risks may be related to the investment and performance of the underlying funds.

A Fund may invest in U.S. government obligations. U.S. Treasury obligations are backed by the “full faith and credit” of the U.S. government. Securities issued or guaranteed by federal agencies and U.S. government sponsored instrumentalities may or may not be backed by the full faith and credit of the U.S. government.

Short selling creates special risks which could result in increased volatility of returns. In times of unusual or adverse market, economic, regulatory or political conditions, a Fund may not be able, fully or partially, to implement its short selling strategy.

Certain Funds may invest in distressed securities and many distressed securities are illiquid or trade in low volumes and thus may be more difficult to value. Illiquid securities involve the risk that the securities will not be able to be sold at the time desired by the Fund or at prices approximately the value at which the Fund is carrying the securities on its books.

Because the shares of CEFs cannot be redeemed upon demand, shares of many CEFs will trade on exchanges at market prices rather than net asset value, which may cause the shares to trade at a price greater than NAV (premium) or less than NAV (discount). There can be no assurance that the market discount on shares of any CEF purchased by a fund will ever decrease or that when a fund seeks to sell shares of a CEF it can receive the NAV for those shares. A fund may also be exposed to higher volatility in the market due to indirect use of leverage through its investment in CEFs. CEFs may issue senior securities in an attempt to enhance returns.

Certain Funds are 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 Funds. First Trust Advisors L.P. is an affiliate of First Trust Portfolios L.P., the Funds’ distributor.

“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.

Nasdaq®, NASDAQ-100®, NASDAQ-100 Index®, NASDAQ-100 Technology Sector IndexSM, NASDAQ-100 Ex-Tech Sector IndexSM, NASDAQ-100 Equal Weighted IndexSM, and NASDAQ OMX Global Auto IndexSM, are trademarks of Nasdaq, Inc. (which with its affiliates is referred to as the “Corporations”) and are licensed for use by First Trust Advisors L.P. The Funds have not been passed on by the Corporations as to its legality or suitability. The Funds are not issued, endorsed, sold, or promoted by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE FUNDS.

Nasdaq® and Clean Edge® are the registered trademarks (the “Marks”) of Nasdaq, Inc. (“Nasdaq”) and Clean Edge, Inc. (“Clean Edge”) respectively. Nasdaq and Clean Edge are, collectively with their affiliates, the “Corporations”. The Marks are licensed for use by First Trust Advisors L.P. The Funds have not been passed on by the Corporations as to its legality or suitability. The Funds are not issued, endorsed, sold or promoted by the Corporations. The Funds should not be construed in any way as investment advice by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE FUNDS.

Nasdaq®, and NASDAQ OMX® ABA Community Bank IndexSM are trademarks of Nasdaq, Inc. and American Bankers Association, (Nasdaq and ABA, collectively with their affiliates, are referred to as the "Corporations") and are licensed for use by First Trust Advisors L.P. 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.

Nasdaq®, Consumer Technology Association, Nasdaq CTA Smartphone IndexSM, and Nasdaq CTA Cybersecurity IndexSM are trademarks of Nasdaq, Inc. and Consumer Technology Association, (which with its affiliates is referred to as the “Corporations”) and are licensed for use by First Trust Advisors L.P. The Funds have not been passed on by the Corporations as to its legality or suitability. The Funds are not issued, endorsed, sold, or promoted by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE FUNDS.

Nasdaq®, NASDAQ Technology Dividend IndexSM, NASDAQ Multi-Asset Diversified Income IndexSM, NASDAQ International Multi-Asset Diversified Income IndexSM, and NASDAQ US Rising Dividend Achievers IndexSM are registered trademarks and service marks of Nasdaq, Inc. (which with its affiliates is referred to as the “Corporations”) and are licensed for use by First Trust Advisors L.P. The Funds have not been passed on by the Corporations as to its legality or suitability. The Funds are not issued, endorsed, sold, or promoted by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE FUNDS.

The Capital Strength IndexTM is the trademark (the “Mark”) of NASDAQ. The Mark is licensed for use by First Trust Portfolios L.P. The Fund has not been passed on by Nasdaq as to its legality or suitability. The Fund is not issued, endorsed, sold or promoted by Nasdaq. The Fund should not be construed in any way as investment advice by Nasdaq. NASDAQ MAKES NO WARRANTIES AND BEARS NO LIABILITY WITH RESPECT TO THE FUND OR THE CAPITAL STRENGTH INDEXTM.

“Value Line®”, “Value Line® 100 Index” and “Value Line® Dividend Index” are trademarks or registered trademarks of Value Line, Inc. (“Value Line”) in the United States and other countries and have been licensed for use for certain purposes by First Trust Advisors L.P. These products are not sponsored, endorsed, recommended, sold or promoted by Value Line and Value Line makes no representation regarding the advisability of investing in products utilizing such strategy. First Trust Advisors L.P. is not affiliated with any Value Line company.

Standard & Poor’s® and S&P® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”) and have been licensed for use by First Trust Advisors L.P. The First Trust S&P REIT Index Fund is not sponsored, endorsed, sold or promoted by S&P or its affiliates, and S&P and its affiliates make no representation, warranty or condition regarding the advisability of buying, selling or holding shares of the First Trust S&P REIT Index Fund.

Morningstar is a registered trademark of Morningstar, Inc. and has been licensed for use by First Trust Advisors L.P. The First Trust Morningstar Dividend Leaders Index Fund is not sponsored, endorsed, issued, sold or promoted by Morningstar, Inc., nor does this company make any representation regarding the advisability of investing in the Fund.

The Dow Jones Select MicroCap IndexSM and Dow Jones Global Select Dividend IndexSM are products of S&P Dow Jones Indices LLC (“SPDJI”), and have been licensed for use by First Trust. Dow Jones®, Dow Jones Select MicroCap IndexSM, and Dow Jones Global Select Dividend IndexSM are trademarks of Dow Jones Trademark Holdings LLC (“Dow Jones”), and have been licensed to SPDJI and have been sublicensed for use for certain purposes by First Trust on behalf of the Funds. First Trust’s ETFs, based on Dow Jones Indexes, are not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones or their respective affiliates and none of them makes any representation regarding the advisability of investing in such products.

The STOXX Europe Select Dividend 30 Index and the trademarks used in the index name are the intellectual property of STOXX Limited, Zurich, Switzerland and/or its licensors. The index is used under license from STOXX. The ETF based on the index is in no way sponsored, endorsed, sold or promoted by STOXX and/or its licensors and neither STOXX nor its licensors shall have any liability with respect thereto.

A patent with respect to the IPOX® index methodology has been issued (U.S. Pat. No. 7,698,197). IPOX® is a registered international trademark of IPOX® Schuster LLC (www.ipoxschuster.com).

The First Trust Chindia ETF, First Trust Natural Gas ETF, First Trust Water ETF, First Trust Global Engineering and Construction ETF, First Trust Global Wind Energy ETF, First Trust Cloud Computing ETF and First Trust BICK Index Fund are not sponsored, endorsed, sold or promoted by the International Securities Exchange (ISE). ISE makes no representation or warranty, express or implied, to the owners of the Funds or any member of the public regarding the advisability of trading in the Funds. ISE’s only relationship to First Trust is the licensing of certain trademarks and trade names of ISE and of the indexes which are determined, composed and calculated by ISE without regard to First Trust or the Funds.

The FTSE EPRA/NAREIT Developed Index is calculated by FTSE International Limited (“FTSE”). FTSE does not sponsor, endorse or promote the First Trust FTSE EPRA/NAREIT Developed Markets Real Estate Index Fund. All copyright in the index values and constituent list vests in FTSE and/or its licensors. First Trust Advisors L.P. and the First Trust FTSE EPRA/NAREIT Developed Markets Real Estate Index Fund has obtained full license from FTSE to use such copyright in the creation of the First Trust FTSE EPRA/NAREIT Developed Markets Real Estate Index Fund. “FTSE®”, “FT-SE®” and “Footsie®” are trademarks jointly owned by the London Stock Exchange Plc and the Financial Times Limited and are used by FTSE under license. “NAREIT®” is the trademark of the National Association of Real Estate Investment Trusts and “EPRA®” is the trademark of the European Public Real Estate Association and are used by FTSE under license.

Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC (“SPFS”) and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”) and have been licensed for use by S&P Dow Jones Indices LLC and sublicensed for certain purposes by First Trust Advisors L.P. “S&P 500®” is a registered trademark of SPFS; “CBOE®”, Chicago Board Options Exchange®, CBOE Volatility Index® and “VIX®” are registered trademarks of Chicago Board Options Exchange, Incorporated (“CBOE”); and have been licensed for use by S&P Dow Jones Indices LLC and First Trust Advisors L.P. The “CBOE VIX Tail Hedge Index” is a product of S&P Dow Jones Indices LLC, and has been licensed for use by First Trust Advisors L.P. The First Trust CBOE S&P 500 VIX Tail Hedge Fund is not sponsored, endorsed, sold or promoted by S&P Dow Jones Indices LLC, Dow Jones, S&P, their respective affiliates, or CBOE and neither S&P Dow Jones Indices LLC, Dow Jones, S&P, their respective affiliates or CBOE make any representation regarding the advisability of investing in such product(s).

FV, IFV and FVC are not sponsored, endorsed, sold or promoted by Dorsey Wright. Dorsey Wright makes no representation or warranty, express or implied, to the owners of the Funds or any member of the public regarding the advisability of trading in the Funds. Dorsey Wright’s only relationship to First Trust is the licensing of certain trademarks and trade names of Dorsey Wright and of the index, which is determined, composed and calculated by Dorsey Wright without regard to First Trust or the Funds.

AIRR and QINC are not sponsored, endorsed, sold or promoted by Richard Bernstein Advisors LLC (RBA). RBA makes no representation or warranty, express or implied, to the owners of the Funds or any member of the public regarding the advisability of trading in the Funds. RBA’s only relationship to First Trust Advisors L.P. (“First Trust”) is the licensing of certain trademarks and trade names of RBA and of the indexes, which are determined, composed and calculated by RBA without regard to First Trust or the Funds. Licensor has no obligation to take the needs of First Trust or the owners of the Funds into consideration in determining, composing or calculating the indexes. Licensor is not responsible for and has not participated in the determination of the timing of, prices at, or quantities of the Funds to be listed or in the determination or calculation of the equation by which the Funds are to be converted into cash. Licensor has no obligation or liability in connection with the administration, marketing or trading of the Funds.

FTAG and FTRI are not sponsored, endorsed, sold or promoted by Indxx, LLC. Indxx, LLC makes no representation or warranty, express or implied, to the owners of the Funds or any member of the public regarding the advisability of trading in the Funds. Indxx, LLC’s only relationship to First Trust is the licensing of certain trademarks and trade names of Indxx, LLC, the Indxx Global Natural Resources Income Index and the Indxx Global Agriculture Index which are determined, composed and calculated by Indxx, LLC without regard to First Trust or the Funds.

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First Trust Advisors L.P.Press Inquiries:Ryan Issakainen, 630-765-8689orBroker Inquiries:Sales Team, 866-848-9727orAnalyst Inquiries:Stan Ueland, 630-517-7633