First Trust Advisors L.P. Announces Distributions for Exchange-Traded Funds

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

The following dates apply to today’s distribution declarations:

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 $101 billion as of October 31, 2014, through unit investment trusts, exchange-traded funds, closed-end funds, mutual funds and separate managed accounts.

On November 10, 2014, First Trust Enhanced Short Maturity ETF (FTSM) effected a reverse split of its outstanding shares in which two outstanding FTSM shares were converted into one FTSM share. At the opening of business on November 10, 2014, the Fund’s shares no longer traded under the CUSIP number 33739Q101 and instead trade under the new CUSIP number 33739Q408.

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. 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. A Fund that is concentrated in securities of companies in a certain sector or industry involves additional risks, including limited diversification. A Fund which invests in foreign securities may be subject to additional risks not associated with domestic securities. Such risks may be heightened in the case of securities of emerging markets countries.

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 will apply investment techniques and risk analyses that may not have the desired result. There can be no guarantee that a Fund will meet its investment objective. Preferred Securities are subject to credit risk, interest rate risk and income risk. Credit Risk may be heightened if a Fund invests in “high yield” or “junk” debt. The First Trust Senior Loan Fund is subject to credit risk, currency risk, high yield securities risk, interest rate risk, prepayment risk and senior loans risk. The First Trust Tactical High Yield ETF is subject to convertible bonds risk, credit risk, distressed securities risk, high yield securities risk, interest rate risk, loans risk, prepayment risk and short sale risk. The First Trust Preferred Securities and Income ETF is subject to financial company risk, high yield securities risk, income risk, preferred securities risk and REIT risk. The First Trust Managed Municipal ETF is subject to alternative minimum tax risk, call risk, cash transaction risk, credit risk, high yield securities risk, income risk, municipal lease obligation risk, non-diversification risk, political and economic risk, tax risk, and zero coupon bonds risk. The First Trust High Income ETF is subject to cash transaction risk, depositary receipts risk, derivatives risk, market risk, new fund risk, diversification risk, and non-U.S. securities risk. The First Trust Low Beta Income ETF is subject to cash transaction risk, depositary receipts risk, derivatives risk, market risk, new fund risk, non-diversification risk and non-U.S. securities risk. The First Trust Enhanced Short Maturity ETF is subject to risk associated with investing in mortgage-related and other asset-backed securities, interest rate risk, prepayment risk, credit risk, call risk, cash transaction risk, fixed income securities risk, floating rate loan risk, income risk, investment company risk, new fund risk, non-U.S. securities risk, and volatility risk. The First Trust Strategic Income ETF is subject to covered call risk, credit risk, currency risk, depositary receipts risk, derivatives risk, energy infrastructure companies risk, equity securities risk, financial companies risk, fixed income risk, high yield securities risk, illiquid securities risk, income risk, interest rate risk, investment companies risk, MLP risk, mortgage securities risk, emerging markets risk, preferred securities risk, senior loan risk, and smaller companies risk. The First Trust Emerging Markets Local Currency Bond ETF is subject to call risk, cash transactions risk, credit risk, currency risk, global depositary notes risk, derivatives and foreign currency risk, emerging markets risk, high yield securities risk, illiquid securities risk, income risk, interest rate risk, market risk, market maker risk, non-U.S. securities risk, sovereign debt risk, and valuation risk. The First Trust Low Duration Mortgage Opportunities ETF is subject to cash transactions risk, counterparty risk, credit risk, derivatives risk, high yield securities risk, illiquid securities risk, income risk, interest rate risk, market risk, market maker risk, short sales risk, and valuation risk.

Investors buying or selling Fund shares on the secondary market may incur brokerage commissions. Investors who sell Fund shares may receive less than the share’s net asset value. Unlike shares of open-end mutual funds, investors are generally not able to purchase Fund shares directly from the Fund and individual shares are not redeemable. However, specified large blocks of shares called “creation units” can be purchased from, or redeemed to, the Fund.