IFV

First Trust Dorsey Wright International Focus 5 ETF

As of 12/31/15

Fund Objective

Index Description

This exchange-traded fund seeks investment results

that correspond generally to the price and yield
(before the funds fees and expenses) of an equity
index called the Dorsey Wright International Focus
Five Index.

The Dorsey Wright International Focus Five Index is designed to provide targeted exposure to ve First Trust international ETFs
that Dorsey, Wright & Associates, LLC (DWA) believes offer the greatest potential to outperform the other ETFs in the selection
universe.
To construct the index, DWA begins with the universe of First Trust international ETFs, which includes country/region-based ETFs
advised by First Trust Advisors L.P.
Using the DWA proprietary relative strength methodology, the ETFs are compared to each other to determine inclusion by
measuring each ETFs price momentum relative to other ETFs in the universe.
Each ETF is given a score that allows DWA to objectively determine where it ranks relative to all other ETFs in the universe.
The relative strength analysis is conducted on a weekly basis. ETFs are replaced when they fall sufficiently out of favor, based on
their relative strength, versus the other ETFs within the universe. The index is rebalanced so each position is equally weighted
upon rebalance.

Fund Facts
Fund Ticker
CUSIP
Intraday NAV
Fund Inception Date
Rebalance Frequency
Primary Listing

IFV
33738R886
IFVIV
7/22/14
Periodically
Nasdaq

Fees and Expenses

Unitary Management Fees
Acquired Fund Fees and Expenses
Total Annual Expenses

0.30%
0.80%
1.10%

Index Facts
Index Ticker
Index Inception Date

DWANQIFF
7/17/14

Performance Summary (%)

Fund Performance*
Net Asset Value (NAV)
After Tax Held
After Tax Sold
Market Price
Index Performance**
Dorsey Wright International Focus Five Index
MSCI All Country World ex US Index

Quarter

YTD

1 Year

3 Years

5 Years

10 Years

Since Inception

5.67
5.37
3.21
5.37

0.27
-0.40
0.14
0.00

0.27
-0.40
0.14
0.00

-6.44
-6.93
-5.12
-6.55

5.80
3.24

0.70
-5.66

0.70
-5.66

-6.15
-10.16

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. You can obtain performance information which is
current through the most recent month-end by visiting www.ftportfolios.com.

Acquired fund fees and expenses reect the funds pro rata share of the indirect fees and expenses incurred by investing in one or more acquired funds.
*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. 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 reect the impact of state and local taxes. Actual after-tax returns depend on the investors 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 Dorsey Wright International Focus Five Index 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.

1-866-848-9727 www.ftportfolios.com

First Trust Dorsey Wright International Focus 5 ETF

Portfolio Information
Number Of Holdings
Maximum Market Cap.
Median Market Cap.
Minimum Market Cap.

Top Holdings
5
$221 Million
$193 Million
$141 Million

First Trust Switzerland AlphaDEX Fund

First Trust United Kingdom AlphaDEX Fund
First Trust Germany AlphaDEX Fund
First Trust ISE Chindia Index Fund
First Trust Hong Kong AlphaDEX Fund

FSZ
FKU
FGM
FNI
FHK

Top Country Exposure (%)

Top Sector Exposure (%)

Financials
Consumer Discretionary
Industrials
Information Technology
Health Care
Materials
Energy
Consumer Staples
Utilities
Telecommunication Services

As of 12/31/15

30.53
20.21
14.02
9.63
8.93
5.40
3.72
3.17
2.43
1.96

Switzerland
Germany
United Kingdom
Hong Kong
China
India
Ireland
Other
United States
Luxembourg

21.19
20.77
20.45
16.04
12.27
7.46
0.54
0.49
0.44
0.35

You should consider the funds investment objectives, risks, and charges and expenses carefully before investing. Contact First Trust Portfolios L.P. at 1-800-621-1675 or visit www.ftportfolios.com
to obtain 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 funds return may not match the return of the Dorsey Wright International Focus Five
Index. The ETFs 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 shares 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.

Risk Considerations

The ETFs in which the fund invests may hold investments that are denominated in non-U.S.
currencies, or in securities that provide exposure to such currencies, currency exchange rates
or interest rates denominated in such currencies. Changes in currency exchange rates and the
relative value of non-U.S. currencies will affect the value of the funds investment and the
value of fund shares.
The fund invests in securities of affiliated ETFs, which involves additional expenses that would
not be present in a direct investment in such affiliated ETFs.
The fund currently has fewer assets than larger funds, and like other relatively new funds,
large inflows and outflows may impact the funds market exposure for limited periods of 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.

The funds 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 ETF owned by the fund, fund shares or stocks in general may fall in value. There can
be no assurance that the funds investment objective will be achieved.

Denitions

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

The MSCI All Country World ex US Index captures large, mid and small cap representation
across 22 of 23 Developed Markets countries, excluding the United States, and 23 Emerging
Markets countries.

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 funds distributor.

The ETFs in which the fund invests invest in securities of non-U.S. issuers which 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. The ETFs in which the fund invests may invest in
depositary receipts which may be less liquid than the underlying shares in their primary
trading market.
The fund is not sponsored, endorsed, sold or promoted by DWA. DWA makes no representation or warranty, express or implied, to the owners of the fund or any member of the public regarding the
advisability of trading in the fund. DWAs only relationship to First Trust is the licensing of certain trademarks and trade names of DWA and of the index, which is determined, composed and calculated by
DWA without regard to First Trust or the fund.
Not FDIC Insured Not Bank Guaranteed May Lose Value

IFVFS0011516