First Trust Advisors L.P. announced previously disclosed NAV errors for 4 of the First Trust Exchange-Traded Funds

WHEATON, Ill.--()--First Trust Advisors L.P. today announced that the previously disclosed per share net asset values (NAV) of the First Trust Exchange-Traded Funds set forth in the table for August 24, 2015 contained errors greater than 1%. The errors resulted from a technical malfunction at our third party administrator, The Bank of New York Mellon.

Fund Name     Ticker     Exchange     CUSIP     Incorrect NAV     Correct NAV
First Trust ISE Global Engineering and Construction Index Fund     FLM     NYSE Arca     33736M103     43.7397     43.22
First Trust NASDAQ Global Auto Index Fund     CARZ     NASDAQ     33734X309     33.7301     33.04
First Trust CBOE S&P 500 VIX Tail Hedge Fund     VIXH     NYSE Arca     33733E609     23.3615     24.54
First Trust Low Duration Mortgage Opportunities ETF     LMBS     NASDAQ     33739Q200     52.18248     50.09

FTA has served as the Funds’ investment advisor since each Fund’s inception. FTA, along with its affiliate FTP, 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 $118 billion as of July 31, 2015, 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. 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 involves risk similar to those of investing in any fund 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.

A Fund that is concentrated in securities of companies in a certain sector or industry involves additional risks, including limited diversification. A Fund that invests in companies that are domiciled in a certain country or region may be subject to additional risks due to political, economic and social conditions in that country or region. 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 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.

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. The First Trust Low Duration Mortgage Opportunities ETF is subject to cash transaction risk, counterparty risk, credit risk, high yield securities risk, illiquid securities risk, income risk, interest rate risk, management risk, market risk, mortgage-related investments risk, new fund risk, non-diversification risk, prepayment risk, repurchase agreement risk, short sales risk and U.S. government and agency securities risk.

This press release does not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer or solicitation or sale would be unlawful prior to registration or qualification under the laws of such state or jurisdiction.

Contacts

First Trust Advisors L.P.
Analyst and Press Inquiries:
Stan Ueland (630) 517-7633

Contacts

First Trust Advisors L.P.
Analyst and Press Inquiries:
Stan Ueland (630) 517-7633