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 3/31/2025.

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.
Emerging Markets Equity Select ETF	RNEM				N/A	Diversified Emerging Mkts	714	636	N/A
First Trust Active Factor Mid Cap ETF	AFMC				N/A	Mid-Cap Blend	379	349	N/A
First Trust Bloomberg Shareholder Yield ETF	SHRY				N/A	Large Value	1,092	1,030	N/A
First Trust California Municipal High Income ETF	FCAL				N/A	Muni California Long	100	97	N/A
First Trust China AlphaDEX® Fund	FCA					China Region	79	69	43
First Trust Dorsey Wright Focus 5 ETF	FV					Mid-Cap Blend	379	349	241
First Trust Dorsey Wright Momentum & Dividend ETF	DDIV					Mid-Cap Value	389	366	282
First Trust Dow Jones Select MicroCap Index Fund	FDM					Small Value	475	449	361
First Trust EIP Carbon Impact ETF	ECLN				N/A	Utilities	57	57	N/A
First Trust Expanded Technology ETF	XPND			N/A	N/A	Technology	243	N/A	N/A
First Trust Flexible Municipal High Income ETF	MFLX				N/A	Muni National Long	165	156	N/A
First Trust Global Tactical Commodity Strategy Fund	FTGC					Commodities Broad Basket	96	90	63
First Trust Horizon Managed Volatility Small/Mid ETF	HSMV			N/A	N/A	Small Blend	582	N/A	N/A
First Trust Income Opportunities ETF	FCEF				N/A	Global Allocation	336	320	N/A
First Trust Institutional Preferred Securities and Income ETF	FPEI				N/A	Preferred Stock	66	56	N/A
First Trust International Developed Capital Strength® ETF	FICS			N/A	N/A	Foreign Large Growth	369	N/A	N/A
First Trust Latin America AlphaDEX® Fund	FLN					Latin America Stock	16	15	11
First Trust Limited Duration Investment Grade Corporate ETF	FSIG			N/A	N/A	Short-Term Bond	529	N/A	N/A
First Trust Long Duration Opportunities ETF	LGOV				N/A	Long Government	37	34	N/A
First Trust Long/Short Equity ETF	FTLS					Long-Short Equity	99	88	56
First Trust Low Duration Opportunities ETF	LMBS					Short Government	90	87	79
First Trust Managed Municipal ETF	FMB					Muni National Interm	260	241	174
First Trust Mid Cap Growth AlphaDEX® Fund	FNY					Mid-Cap Growth	481	447	358
First Trust Morningstar Dividend Leaders Index Fund	FDL					Large Value	1,092	1,030	808
First Trust Multi Cap Growth AlphaDEX® Fund	FAD					Mid-Cap Growth	481	447	358
First Trust Multi-Manager Small Cap Opportunities ETF	MMSC			N/A	N/A	Small Growth	535	N/A	N/A
First Trust Municipal High Income ETF	FMHI				N/A	High Yield Muni	180	174	N/A
First Trust Nasdaq Cybersecurity ETF	CIBR				N/A	Technology	243	209	N/A
First Trust NASDAQ Technology Dividend Index Fund	TDIV					Technology	243	209	155
First Trust NASDAQ® Clean Edge® Smart Grid Infrastructure Index Fund	GRID					Infrastructure	82	75	47
First Trust New York Municipal High Income ETF	FMNY			N/A	N/A	Muni New York Long	79	N/A	N/A
First Trust Preferred Securities and Income ETF	FPE					Preferred Stock	66	56	35
First Trust RBA American Industrial Renaissance® ETF	AIRR					Industrials	45	42	32
First Trust Rising Dividend Achievers ETF	RDVY					Large Value	1,092	1,030	808
First Trust RiverFront Dynamic Emerging Markets ETF	RFEM				N/A	Diversified Emerging Mkts	714	636	N/A
First Trust S&P REIT Index Fund	FRI					Real Estate	213	196	148
First Trust Short Duration Managed Municipal ETF	FSMB				N/A	Muni National Short	208	197	N/A
First Trust SMID Cap Rising Dividend Achievers ETF	SDVY				N/A	Small Value	475	449	N/A
First Trust SMID Capital Strength ETF	FSCS				N/A	Mid-Cap Blend	379	349	N/A
First Trust Utilities AlphaDEX® Fund	FXU					Utilities	57	57	50
First Trust Water ETF	FIW					Natural Resources	113	104	90

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.

©2025 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.