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Form 40-17G/A FIRST TRUST EXCHANGE-TRA

January 13, 2017 8:49 AM EST
January 13, 2017

VIA EDGAR

Securities and Exchange Commission
100 F Street, NE
Washington, D.C.  20549

Re: Rule 17g-1 Fidelity Bond Filing Information with Respect to Joint Fidelity
Bond filing under Investment Company Act Rule 17g-1, Bond No 99516111B for the
following management investment companies (Investment Company Act of 1940 File
Number/ SEC Registration Number): Macquarie/First Trust Global Infrastructure/
Utilities Dividend & Income Fund (File No. 811-21496/ SEC Registration No.
333-112202); First Trust Senior Floating Rate Income Fund II (File No.
811-21539/ SEC Registration Nos. 333-113978 and 333-115414); First Trust Energy
Income and Growth Fund (File No. 811-21549/ SEC Registration No. 333-114131,
333-120853, 333-131771, 333-154254, 333-123460 and 333-173334); First Trust
Enhanced Equity Income Fund (File No. 811-21586/ SEC Registration No.
333-116023); First Trust/Aberdeen Global Opportunity Income Fund (File No.
811-21636/ SEC Registration No. 333-119081); First Trust Mortgage Income Fund
(File No. 811-21727/ SEC Registration No. 333-123262); First Trust
Exchange-Traded Fund (File No. 811-21774/ SEC Registration No. 333-125751);
First Trust Strategic High Income Fund II (File No. 811-21842/ SEC Registration
No. 333-131194); First Trust/Aberdeen Emerging Opportunity Fund (File No.
811-21905/ SEC Registration No. 333-134540); First Trust Specialty Finance and
Financial Opportunities Fund (File No. 811-22039/ SEC Registration No.
333-141457); First Trust Exchange-Traded AlphaDEX(R) Fund (File No. 811-22019/
SEC Registration No. 333-140895); First Trust Dividend and Income Fund (File No.
811-22080/ SEC Registration No. 333-143792); First Trust Exchange-Traded Fund II
(File No. 811-21944/ SEC Registration No. 333-143964); First Trust High Income
Long/Short Fund (File No. 811-22442/ SEC Registration No. 333-168186); First
Trust Exchange-Traded AlphaDEX(R) Fund II (File No. 811-22519/ SEC Registration
No. 333-171759); First Trust Series Fund (File No. 811-22452/ SEC Registration
No. 333-168727); First Trust Energy Infrastructure Fund (File No. 811-22528/ SEC
Registration No. 333-172439 and 333-177037); First Trust Exchange-Traded Fund VI
(File No. 811-22717/ SEC Registration No. 333-182308); First Trust
Exchange-Traded Fund IV (File No. 811-22559/ SEC Registration No. 333-174332);
First Trust Variable Insurance Trust (File No. 811-22652/ SEC Registration No.
333-178767); First Trust MLP and Energy Income Fund (File No. 811-22738/ SEC
Registration No. 333-183396); First Trust Exchange-Traded Fund III (File No.
811-22245/ SEC Registration No. 333-176976), First Trust Intermediate Duration
Preferred & Income Fund (File No. 811-22795/ SEC Registration No. 333-186412)
First Trust Exchange-Traded Fund V (File No. 811-22709/ SEC Registration No.
333-181507), First Trust Exchange-Traded Fund VII (File No. 811-22767/ SEC
Registration No. 333-184918), First Trust New Opportunities MLP & Energy Fund
(File No. 811-22902/ SEC Registration No. 333-191808), First Trust Dynamic
Europe Equity Income Fund (File No. 811-23072/ SEC Registration No. 333-205681),
First Trust Exchange-Traded Fund VIII (File No. 811-23147/ SEC Registration No.
333-210186) and First Trust Senior Floating Rate 2022 Target Term Fund (File No.
811-23199/ SEC Registration No. 333-214125).


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Dear Sir or Madam:

      Enclosed for filing, pursuant to Rule 17g-1 of the Investment Company Act
of 1940, as amended, please find a copy of the Joint Insured Fidelity Bond for
the period October 9, 2016 to October 9, 2017, for the First Trust complex of
funds referenced above. Please note that Rider 11 has been added to the Joint
Insured Fidelity Bond to include First Trust Senior Floating Rate 2022 Target
Term Fund. Rider 12 has been added to remove First Trust Equity Market Neutral
ETF, a series of First Trust Exchange-Traded Fund VIII, and remove First Trust
Dividend and Income Fund. Please note for the Commission's records, the
following:

            (i) The Joint Insured Fidelity Bond;

            (ii) a Certificate of Assistant Secretary containing the form of
      resolutions of the Board of Trustees approving the amount, type, form and
      coverage of the Fidelity Bond, the amount of the single insured bond which
      the registrant would have provided had it not been named as an insured
      under the Fidelity Bond, and a statement as to the period for which
      premiums have been paid; and

            (iii) a copy of the Blanket Bond Insurance Agreement.


                                          Very truly yours,

                                          FIRST TRUST PORTFOLIOS L.P.

                                          /s/ Kristi A. Maher
                                          --------------------------------------
                                          Kristi A. Maher
                                          Deputy General Counsel



Enclosures

ICI MUTUAL INSURANCE COMPANY,
                             A RISK RETENTION GROUP

                                 1401 H St. NW
                              Washington, DC 20005

                        INVESTMENT COMPANY BLANKET BOND





                         ICI MUTUAL INSURANCE COMPANY,
                             A RISK RETENTION GROUP
                                 1401 H St. NW
                              Washington, DC 20005

                                  DECLARATIONS

                                     NOTICE

This policy is issued by your risk retention group. Your risk retention group
may not be subject to all of the insurance laws and regulations of your state.
State insurance insolvency guaranty funds are not available for your risk
retention group.

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ITEM 1.  Name of Insured (the "Insured")                            Bond Number:
         FIRST TRUST EXCHANGE-TRADED FUND                              99516116B

         Principal Office:                    Mailing Address:
          120 East Liberty Drive, Suite 400    120 East Liberty Drive, Suite 400
          Wheaton, IL 60187                    Wheaton, IL 60187
--------------------------------------------------------------------------------
ITEM 2.  Bond Period: from 12:01 a.m. on October 9, 2016, to 12:01 a.m. on
         October 9, 2017, or the earlier effective date of the termination of
         this Bond, standard time at the Principal Office as to each of said
         dates.
--------------------------------------------------------------------------------
ITEM 3.  Limit of Liability--
         Subject to Sections 9, 10 and 12 hereof:


                                                                                  LIMIT OF         DEDUCTIBLE
                                                                                 LIABILITY           AMOUNT
                                                                                          
        Insuring Agreement A-    FIDELITY                                        $30,000,000           $50,000
        Insuring Agreement B-    AUDIT EXPENSE                                       $50,000           $10,000
        Insuring Agreement C-    ON PREMISES                                     $30,000,000           $50,000
        Insuring Agreement D-    IN TRANSIT                                      $30,000,000           $50,000
        Insuring Agreement E-    FORGERY OR ALTERATION                           $30,000,000           $50,000
        Insuring Agreement F-    SECURITIES                                      $30,000,000           $50,000
        Insuring Agreement G-    COUNTERFEIT CURRENCY                            $30,000,000           $50,000
        Insuring Agreement H-    UNCOLLECTIBLE ITEMS OF DEPOSIT                      $25,000            $5,000
        Insuring Agreement I-    PHONE/ELECTRONIC TRANSACTIONS                   Not Covered       Not Covered

         If "Not Covered" is inserted opposite any Insuring Agreement above,
         such Insuring Agreement and any reference thereto shall be deemed to be
         deleted from this Bond.

         OPTIONAL INSURING AGREEMENTS ADDED BY RIDER:

        Insuring Agreement J-    COMPUTER SECURITY                               $30,000,000           $50,000
-------------------------------------------------------------------------------- ITEM 4. Offices or Premises Covered--All the Insured's offices or other premises in existence at the time this Bond becomes effective are covered under this Bond, except the offices or other premises excluded by Rider. Offices or other premises acquired or established after the effective date of this Bond are covered subject to the terms of General Agreement A. -------------------------------------------------------------------------------- ITEM 5. The liability of ICI Mutual Insurance Company, a Risk Retention Group (the "Underwriter") is subject to the terms of the following Riders attached hereto: Riders: 1-2-3-4-5-6-7-8-9-10 and of all Riders applicable to this Bond issued during the Bond Period. ================================================================================ By: /S/ Swenitha Nalli By: /S/ Joseph Costello ------------------------------- ------------------------------- Authorized Representative Authorized Representative Bond (10/15) INVESTMENT COMPANY BLANKET BOND NOTICE This policy is issued by your risk retention group. Your risk retention group may not be subject to all of the insurance laws and regulations of your state. State insurance insolvency guaranty funds are not available for your risk retention group. ICI Mutual Insurance Company, a Risk Retention Group (the "Underwriter"), in consideration of an agreed premium, and in reliance upon the Application and all other information furnished to the Underwriter by the Insured, and subject to and in accordance with the Declarations, General Agreements, Provisions, Conditions and Limitations and other terms of this bond (including all riders hereto) ("Bond"), to the extent of the Limit of Liability and subject to the Deductible Amount, agrees to indemnify the Insured for the loss, as described in the Insuring Agreements, sustained by the Insured at any time but discovered during the Bond Period. INSURING AGREEMENTS A. FIDELITY Loss caused by any Dishonest or Fraudulent Act or Theft committed by an Employee anywhere, alone or in collusion with other persons (whether or not Employees), during the time such Employee has the status of an Employee as defined herein, and even if such loss is not discovered until after he or she ceases to be an Employee, EXCLUDING loss covered under Insuring Agreement B. B. AUDIT EXPENSE Expense incurred by the Insured for that part of audits or examinations required by any governmental regulatory authority or Self Regulatory Organization to be conducted by such authority or Organization or by an independent accountant or other person, by reason of the discovery of loss sustained by the Insured and covered by this Bond. C. ON PREMISES Loss resulting from Property that is (1) located or reasonably believed by the Insured to be located within the Insured's offices or premises, and (2) the object of Theft, Dishonest or Fraudulent Act, or Mysterious Disappearance, EXCLUDING loss covered under Insuring Agreement A. D. IN TRANSIT Loss resulting from Property that is (1) in transit in the custody of any person authorized by an Insured to act as a messenger, except while in the mail or with a carrier for hire (other than a Security Company), and (2) the object of Theft, Dishonest or Fraudulent Act, or Mysterious Disappearance, EXCLUDING loss covered under Insuring Agreement A. Property is "in transit" beginning immediately upon receipt of such Property by the transporting person and ending immediately upon delivery at the specified destination. E. FORGERY OR ALTERATION Loss caused by the Forgery or Alteration of or on (1) any bills of exchange, checks, drafts, or other written orders or directions to pay certain sums in money, acceptances, certificates of deposit, due bills, money orders, or letters of credit; or (2) other written instructions, requests or applications to the Insured, authorizing or acknowledging the transfer, payment, redemption, delivery or receipt of Property, or giving notice of any bank account, which instructions or requests or applications purport to have been signed or endorsed by (a) any customer of the Insured, or (b) any shareholder of or subscriber to shares issued by any Investment Company, or (c) any financial or banking institution or stockbroker; or (3) withdrawal orders or receipts for the withdrawal of Property, or receipts or certificates of deposit for Property and bearing the name of the Insured as issuer or of another Investment Company for which the Insured acts as agent. This Insuring Agreement E does not cover loss caused by Forgery or Alteration of Securities or loss covered under Insuring Agreement A. F. SECURITIES Loss resulting from the Insured, in good faith, in the ordinary course of business, and in any capacity whatsoever, whether for its own account or for the account of others, having acquired, accepted or received, or sold or delivered, or given any value, extended any credit or assumed any liability on the faith of any Securities, where such loss results from the fact that such Securities (1) were Counterfeit, or (2) were lost or stolen, or (3) contain a Forgery or Alteration, and notwithstanding whether or not the act of the Insured causing such loss violated the constitution, by-laws, rules or regulations of any Self Regulatory Organization, whether or not the Insured was a member thereof, EXCLUDING loss covered under Insuring Agreement A. G. COUNTERFEIT CURRENCY Loss caused by the Insured in good faith having received or accepted (1) any money orders which prove to be Counterfeit or to contain an Alteration or (2) paper currencies or coin of the United States of America or Canada which prove to be Counterfeit. This Insuring Agreement G does not cover loss covered under Insuring Agreement A. H. UNCOLLECTIBLE ITEMS OF DEPOSIT Loss resulting from the payment of dividends, issuance of Fund shares or redemptions or exchanges permitted from an account with the Fund as a consequence of (1) uncollectible Items of Deposit of a Fund's customer, shareholder or subscriber credited by the Insured or its agent to such person's Fund account, or (2) any Item of Deposit processed through an automated clearing house which is reversed by a Fund's customer, shareholder or subscriber and is deemed uncollectible by the Insured; PROVIDED, that (a) Items of Deposit shall not be deemed uncollectible until the Insured's collection procedures have failed, (b) exchanges of shares between Funds with exchange privileges shall be covered hereunder only if all such Funds are insured by the Underwriter for uncollectible Items of Deposit, and (c) the Insured Fund shall have implemented and maintained a policy to hold Items of Deposit for the minimum number of days stated in its Application (as amended from time to time) before paying any dividend or permitting any withdrawal with respect to such Items of Deposit (other than exchanges between Funds). Regardless of the number of transactions between Funds in an exchange program, the minimum number of days an Item of Deposit must be held shall begin from the date the Item of Deposit was first credited to any Insured Fund. This Insuring Agreement H does not cover loss covered under Insuring Agreement A. I. PHONE/ELECTRONIC TRANSACTIONS Loss caused by a Phone/Electronic Transaction, where the request for such Phone/Electronic Transaction: (1) is transmitted to the Insured or its agents by voice over the telephone or by Electronic Transmission; and (2) is made by an individual purporting to be a Fund shareholder or subscriber or an authorized agent of a Fund shareholder or subscriber; and (3) is unauthorized or fraudulent and is made with the manifest intent to deceive; PROVIDED, that the entity receiving such request generally maintains and follows during the Bond Period all Phone/Electronic Transaction Security Procedures with respect to all Phone/Electronic Transactions; and EXCLUDING loss resulting from: (1) the failure to pay for shares attempted to be purchased; or (2) any redemption of Investment Company shares which had been improperly credited to a shareholder's account where such shareholder (a) did not cause, directly or indirectly, such shares to be credited to such account, and (b) directly or indirectly received any proceeds or other benefit from such redemption; or (3) any redemption of shares issued by an Investment Company where the proceeds of such redemption were requested to be paid or made payable to other than (a) the Shareholder of Record, or (b) any other person or bank account designated to receive redemption proceeds (i) in the initial account application, or (ii) in writing (not to include Electronic Transmission) accompanied by a signature guarantee; or (4) any redemption of shares issued by an Investment Company where the proceeds of such redemption were requested to be sent to other than any address for such account which was designated (a) in the initial account application, or (b) in writing (not to include Electronic Transmission), where such writing is received at least one (1) day prior to such redemption request, or (c) by voice over the telephone or by Electronic Transmission at least fifteen (15) days prior to such redemption; or (5) the intentional failure to adhere to one or more Phone/Electronic Transaction Security Procedures; or (6) a Phone/Electronic Transaction request transmitted by electronic mail or transmitted by any method not subject to the Phone/Electronic Transaction Security Procedures; or (7) the failure or circumvention of any physical or electronic protection device, including any firewall, that imposes restrictions on the flow of electronic traffic in or out of any Computer System. This Insuring Agreement I does not cover loss covered under Insuring Agreement A, "Fidelity" or Insuring Agreement J, "Computer Security". GENERAL AGREEMENTS A. ADDITIONAL OFFICES OR EMPLOYEES--CONSOLIDATION OR MERGER--NOTICE 1. Except as provided in paragraph 2 below, this Bond shall apply to any additional office(s) established by the Insured during the Bond Period and to all Employees during the Bond Period, without the need to give notice thereof or pay additional premiums to the Underwriter for the Bond Period. 2. If during the Bond Period an Insured Investment Company shall merge or consolidate with an institution in which such Insured is the surviving entity, or purchase substantially all the assets or capital stock of another institution, or acquire or create a separate investment portfolio, and shall within sixty (60) days notify the Underwriter thereof, then this Bond shall automatically apply to the Property and Employees resulting from such merger, consolidation, acquisition or creation from the date thereof; provided, that the Underwriter may make such coverage contingent upon the payment of an additional premium. B. WARRANTY No statement made by or on behalf of the Insured, whether contained in the Application or otherwise, shall be deemed to be an absolute warranty, but only a warranty that such statement is true to the best of the knowledge of the person responsible for such statement. C. COURT COSTS AND ATTORNEYS' FEES The Underwriter will indemnify the Insured against court costs and reasonable attorneys' fees incurred and paid by the Insured in defense of any legal proceeding brought against the Insured seeking recovery for any loss which, if established against the Insured, would constitute a loss covered under the terms of this Bond; provided, however, that with respect to Insuring Agreement A this indemnity shall apply only in the event that 1. an Employee admits to having committed or is adjudicated to have committed a Dishonest or Fraudulent Act or Theft which caused the loss; or 2. in the absence of such an admission or adjudication, an arbitrator or arbitrators acceptable to the Insured and the Underwriter concludes, after a review of an agreed statement of facts, that an Employee has committed a Dishonest or Fraudulent Act or Theft which caused the loss. The Insured shall promptly give notice to the Underwriter of any such legal proceeding and upon request shall furnish the Underwriter with copies of all pleadings and other papers therein. At the Underwriter's election the Insured shall permit the Underwriter to conduct the defense of such legal proceeding in the Insured's name, through attorneys of the Underwriter's selection. In such event, the Insured shall give all reasonable information and assistance which the Underwriter shall deem necessary to the proper defense of such legal proceeding. If the amount of the Insured's liability or alleged liability in any such legal proceeding is greater than the amount which the Insured would be entitled to recover under this Bond (other than pursuant to this General Agreement C), or if a Deductible Amount is applicable, or both, the indemnity liability of the Underwriter under this General Agreement C is limited to the proportion of court costs and attorneys' fees incurred and paid by the Insured or by the Underwriter that the amount which the Insured would be entitled to recover under this Bond (other than pursuant to this General Agreement C) bears to the sum of such amount plus the amount which the Insured is not entitled to recover. Such indemnity shall be in addition to the Limit of Liability for the applicable Insuring Agreement. D. INTERPRETATION This Bond shall be interpreted with due regard to the purpose of fidelity bonding under Rule 17g-1 of the Investment Company Act of 1940 (i.e., to protect innocent third parties from harm) and to the structure of the investment management industry (in which a loss of Property resulting from a cause described in any Insuring Agreement ordinarily gives rise to a potential legal liability on the part of the Insured), such that the term "loss" as used herein shall include an Insured's legal liability for direct compensatory damages resulting directly from a misappropriation, or measurable diminution in value, of Property. THIS BOND, INCLUDING THE FOREGOING INSURING AGREEMENTS AND GENERAL AGREEMENTS, IS SUBJECT TO THE FOLLOWING PROVISIONS, CONDITIONS AND LIMITATIONS: SECTION 1. DEFINITIONS The following terms used in this Bond shall have the meanings stated in this Section: A. "ALTERATION" means the marking, changing or altering in a material way of the terms, meaning or legal effect of a document with the intent to deceive. B. "APPLICATION" means the Insured's application (and any attachments and materials submitted in connection therewith) furnished to the Underwriter for this Bond. C. "COMPUTER SYSTEM" means (1) computers with related peripheral components, including storage components, (2) systems and applications software, (3) terminal devices, (4) related communications networks or customer communication systems, and (5) related electronic funds transfer systems; by which data or monies are electronically collected, transmitted, processed, stored or retrieved. D. "COUNTERFEIT" means, with respect to any item, one which is false but is intended to deceive and to be taken for the original authentic item. E. "DEDUCTIBLE AMOUNT" means, with respect to any Insuring Agreement, the amount set forth under the heading "Deductible Amount" in Item 3 of the Declarations or in any Rider for such Insuring Agreement, applicable to each Single Loss covered by such Insuring Agreement. F. "DEPOSITORY" means any "securities depository" (other than any foreign securities depository) in which an Investment Company may deposit its Securities in accordance with Rule 17f-4 under the Investment Company Act of 1940. G. "DISHONEST OR FRAUDULENT ACT" means any dishonest or fraudulent act, including "larceny and embezzlement" as defined in Section 37 of the Investment Company Act of 1940, committed with the conscious manifest intent (1) to cause the Insured to sustain a loss and (2) to obtain financial benefit for the perpetrator or any other person (other than salaries, commissions, fees, bonuses, awards, profit sharing, pensions or other employee benefits). A Dishonest or Fraudulent Act does not mean or include a reckless act, a negligent act, or a grossly negligent act. H. "ELECTRONIC TRANSMISSION" means any transmission effected by electronic means, including but not limited to a transmission effected by telephone tones, Telefacsimile, wireless device, or over the Internet. I. "EMPLOYEE" means: (1) each officer, director, trustee, partner or employee of the Insured, and (2) each officer, director, trustee, partner or employee of any predecessor of the Insured whose principal assets are acquired by the Insured by consolidation or merger with, or purchase of assets or capital stock of, such predecessor, and (3) each attorney performing legal services for the Insured and each employee of such attorney or of the law firm of such attorney while performing services for the Insured, and (4) each student who is an authorized intern of the Insured, while in any of the Insured's offices, and (5) each officer, director, trustee, partner or employee of (a) an investment adviser, (b) an underwriter (distributor), (c) a transfer agent or shareholder accounting recordkeeper, or (d) an administrator authorized by written agreement to keep financial and/or other required records, for an Investment Company named as an Insured, BUT ONLY while (i) such officer, partner or employee is performing acts coming within the scope of the usual duties of an officer or employee of an Insured, or (ii) such officer, director, trustee, partner or employee is acting as a member of any committee duly elected or appointed to examine or audit or have custody of or access to the Property of the Insured, or (iii) such director or trustee (or anyone acting in a similar capacity) is acting outside the scope of the usual duties of a director or trustee;PROVIDED, that the term "Employee" shall not include any officer, director, trustee, partner or employee of a transfer agent, shareholder accounting recordkeeper or administrator (x) which is not an "affiliated person" (as defined in Section 2(a) of the Investment Company Act of 1940) of an Investment Company named as Insured or of the adviser or underwriter of such Investment Company, or (y) which is a "Bank" (as defined in Section 2(a) of the Investment Company Act of 1940), and (6) each individual assigned, by contract or by any agency furnishing temporary personnel, in either case on a contingent or part-time basis, to perform the usual duties of an employee in any office of the Insured, and (7) each individual assigned to perform the usual duties of an employee or officer of any entity authorized by written agreement with the Insured to perform services as electronic data processor of checks or other accounting records of the Insured, but excluding a processor which acts as transfer agent or in any other agency capacity for the Insured in issuing checks, drafts or securities, unless included under subsection (5) hereof, and (8) each officer, partner or employee of (a) any Depository or Exchange, (b) any nominee in whose name is registered any Security included in the systems for the central handling of securities established and maintained by any Depository, and (c) any recognized service company which provides clerks or other personnel to any Depository or Exchange on a contract basis, while such officer, partner or employee is performing services for any Depository in the operation of systems for the central handling of securities, and (9) in the case of an Insured which is an "employee benefit plan" (as defined in Section 3 of the Employee Retirement Income Security Act of 1974 ("ERISA")) for officers, directors or employees of another Insured ("In-House Plan"), any "fiduciary" or other "plan official" (within the meaning of Section 412 of ERISA) of such In-House Plan, provided that such fiduciary or other plan official is a director, partner, officer, trustee or employee of an Insured (other than an In-House Plan). Each employer of temporary personnel and each entity referred to in subsections (6) and (7) and their respective partners, officers and employees shall collectively be deemed to be one person for all the purposes of this Bond. Brokers, agents, independent contractors, or representatives of the same general character shall not be considered Employees, except as provided in subsections (3), (6), and (7). J. "EXCHANGE" means any national securities exchange registered under the Securities Exchange Act of 1934. K. "FORGERY" means the physical signing on a document of the name of another person (whether real or fictitious) with the intent to deceive. A Forgery may be by means of mechanically reproduced facsimile signatures as well as handwritten signatures. Forgery does not include the signing of an individual's own name, regardless of such individual's authority, capacity or purpose. L. "ITEMS OF DEPOSIT" means one or more checks or drafts. M. "INVESTMENT COMPANY" or "FUND" means an investment company registered under the Investment Company Act of 1940. N. "LIMIT OF LIABILITY" means, with respect to any Insuring Agreement, the limit of liability of the Underwriter for any Single Loss covered by such Insuring Agreement as set forth under the heading "Limit of Liability" in Item 3 of the Declarations or in any Rider for such Insuring Agreement. O. "MYSTERIOUS DISAPPEARANCE" means any disappearance of Property which, after a reasonable investigation has been conducted, cannot be explained. P. "NON-FUND" means any corporation, business trust, partnership, trust or other entity which is not an Investment Company. Q. "PHONE/ELECTRONIC TRANSACTION SECURITY PROCEDURES" means security procedures for Phone/ Electronic Transactions as provided in writing to the Underwriter. R. "PHONE/ELECTRONIC TRANSACTION" means any (1) redemption of shares issued by an Investment Company, (2) election concerning dividend options available to Fund shareholders, (3) exchange of shares in a registered account of one Fund into shares in an identically registered account of another Fund in the same complex pursuant to exchange privileges of the two Funds, or (4) purchase of shares issued by an Investment Company, which redemption, election, exchange or purchase is requested by voice over the telephone or through an Electronic Transmission. S. "PROPERTY" means the following tangible items: money, postage and revenue stamps, precious metals, Securities, bills of exchange, acceptances, checks, drafts, or other written orders or directions to pay sums certain in money, certificates of deposit, due bills, money orders, letters of credit, financial futures contracts, conditional sales contracts, abstracts of title, insurance policies, deeds, mortgages, and assignments of any of the foregoing, and other valuable papers, including books of account and other records used by the Insured in the conduct of its business, and all other instruments similar to or in the nature of the foregoing (but excluding all data processing records), (1) in which the Insured has a legally cognizable interest, (2) in which the Insured acquired or should have acquired such an interest by reason of a predecessor's declared financial condition at the time of the Insured's consolidation or merger with, or purchase of the principal assets of, such predecessor or (3) which are held by the Insured for any purpose or in any capacity. T. "SECURITIES" means original negotiable or non-negotiable agreements or instruments which represent an equitable or legal interest, ownership or debt (including stock certificates, bonds, promissory notes, and assignments thereof), which are in the ordinary course of business and transferable by physical delivery with appropriate endorsement or assignment. "Securities" does not include bills of exchange, acceptances, certificates of deposit, checks, drafts, or other written orders or directions to pay sums certain in money, due bills, money orders, or letters of credit. U. "SECURITY COMPANY" means an entity which provides or purports to provide the transport of Property by secure means, including, without limitation, by use of armored vehicles or guards. V. "SELF REGULATORY ORGANIZATION" means any association of investment advisers or securities dealers registered under the federal securities laws, or any Exchange. W. "SHAREHOLDER OF RECORD" means the record owner of shares issued by an Investment Company or, in the case of joint ownership of such shares, all record owners, as designated (1) in the initial account application, or (2) in writing accompanied by a signature guarantee, or (3) pursuant to procedures as set forth in the Application. X. "SINGLE LOSS" means: (1) all loss resulting from any one actual or attempted Theft committed by one person, or (2) all loss caused by any one act (other than a Theft or a Dishonest or Fraudulent Act) committed by one person, or (3) all loss caused by Dishonest or Fraudulent Acts committed by one person, or (4) all expenses incurred with respect to any one audit or examination, or (5) all loss caused by any one occurrence or event other than those specified in subsections (1) through (4) above. All acts or omissions of one or more persons which directly or indirectly aid or, by failure to report or otherwise, permit the continuation of an act referred to in subsections (1) through (3) above of any other person shall be deemed to be the acts of such other person for purposes of this subsection. All acts or occurrences or events which have as a common nexus any fact, circumstance, situation, transaction or series of facts, circumstances, situations, or transactions shall be deemed to be one act, one occurrence, or one event. Y. "TELEFACSIMILE" means a system of transmitting and reproducing fixed graphic material (as, for example, printing) by means of signals transmitted over telephone lines or over the Internet. Z. "THEFT" means robbery, burglary or hold-up, occurring with or without violence or the threat of violence. SECTION 2. EXCLUSIONS THIS BOND DOES NOT COVER: A. Loss resulting from (1) riot or civil commotion outside the United States of America and Canada, or (2) war, revolution, insurrection, action by armed forces, or usurped power, wherever occurring; except if such loss occurs while the Property is in transit, is otherwise covered under Insuring Agreement D, and when such transit was initiated, the Insured or any person initiating such transit on the Insured's behalf had no knowledge of such riot, civil commotion, war, revolution, insurrection, action by armed forces, or usurped power. B. Loss in time of peace or war resulting from nuclear fission or fusion or radioactivity, or biological or chemical agents or hazards, or fire, smoke, or explosion, or the effects of any of the foregoing. C. Loss resulting from any Dishonest or Fraudulent Act committed by any person while acting in the capacity of a member of the Board of Directors or any equivalent body of the Insured or of any other entity. D. Loss resulting from any nonpayment or other default of any loan or similar transaction made by the Insured or any of its partners, directors, officers or employees, whether or not authorized and whether procured in good faith or through a Dishonest or Fraudulent Act, unless such loss is otherwise covered under Insuring Agreement A, E or F. E. Loss resulting from any violation by the Insured or by any Employee of any law, or any rule or regulation pursuant thereto or adopted by a Self Regulatory Organization, regulating the issuance, purchase or sale of securities, securities transactions upon security exchanges or over the counter markets, Investment Companies, or investment advisers, unless such loss, in the absence of such law, rule or regulation, would be covered under Insuring Agreement A, E or F. F. Loss resulting from Property that is the object of Theft, Dishonest or Fraudulent Act, or Mysterious Disappearance while in the custody of any Security Company, unless such loss is covered under this Bond and is in excess of the amount recovered or received by the Insured under (1) the Insured's contract with such Security Company, and (2) insurance or indemnity of any kind carried by such Security Company for the benefit of, or otherwise available to, users of its service, in which case this Bond shall cover only such excess, subject to the applicable Limit of Liability and Deductible Amount. G. Potential income, including but not limited to interest and dividends, not realized by the Insured because of a loss covered under this Bond, except when covered under Insuring Agreement H. H. Loss in the form of (1) damages of any type for which the Insured is legally liable, except direct compensatory damages, or (2) taxes, fines, or penalties, including without limitation two-thirds of treble damage awards pursuant to judgments under any statute or regulation. I. Loss resulting from the surrender of Property away from an office of the Insured as a result of a threat (1) to do bodily harm to any person, except where the Property is in transit in the custody of any person acting as messenger as a result of a threat to do bodily harm to such person, if the Insured had no knowledge of such threat at the time such transit was initiated, or (2) to do damage to the premises or Property of the Insured, unless such loss is otherwise covered under Insuring Agreement A. J. All costs, fees and other expenses incurred by the Insured in establishing the existence of or amount of loss covered under this Bond, except to the extent certain audit expenses are covered under Insuring Agreement B. K. Loss resulting from payments made to or withdrawals from any account, involving funds erroneously credited to such account, unless such loss is otherwise covered under Insuring Agreement A. L. Loss resulting from uncollectible Items of Deposit which are drawn upon a financial institution outside the United States of America, its territories and possessions, or Canada. M. Loss resulting from the Dishonest or Fraudulent Acts, Theft, or other acts or omissions of an Employee primarily engaged in the sale of shares issued by an Investment Company to persons other than (1) a person registered as a broker under the Securities Exchange Act of 1934 or (2) an "accredited investor" as defined in Rule 501(a) of Regulation D under the Securities Act of 1933, which is not an individual. N. Loss resulting from the use of credit, debit, charge, access, convenience, identification, cash management or other cards, whether such cards were issued or purport to have been issued by the Insured or by anyone else, unless such loss is otherwise covered under Insuring Agreement A. O. Loss resulting from any purchase, redemption or exchange of securities issued by an Investment Company or other Insured, or any other instruction, request, acknowledgement, notice or transaction involving securities issued by an Investment Company or other Insured or the dividends in respect thereof, when any of the foregoing is requested, authorized or directed or purported to be requested, authorized or directed by voice over the telephone or by Electronic Transmission, unless such loss is otherwise covered under Insuring Agreement A or Insuring Agreement I. P. Loss resulting from any Dishonest or Fraudulent Act or Theft committed by an Employee as defined in Section 1.I(2), unless such loss (1) could not have been reasonably discovered by the due diligence of the Insured at or prior to the time of acquisition by the Insured of the assets acquired from a predecessor, and (2) arose out of a lawsuit or valid claim brought against the Insured by a person unaffiliated with the Insured or with any person affiliated with the Insured. Q. Loss resulting from the unauthorized entry of data into, or the deletion or destruction of data in, or the change of data elements or programs within, any Computer System, unless such loss is otherwise covered under Insuring Agreement A. SECTION 3. ASSIGNMENT OF RIGHTS Upon payment to the Insured hereunder for any loss, the Underwriter shall be subrogated to the extent of such payment to all of the Insured's rights and claims in connection with such loss; provided, however, that the Underwriter shall not be subrogated to any such rights or claims one named Insured under this Bond may have against another named Insured under this Bond. At the request of the Underwriter, the Insured shall execute all assignments or other documents and take such action as the Underwriter may deem necessary or desirable to secure and perfect such rights and claims, including the execution of documents necessary to enable the Underwriter to bring suit in the name of the Insured. Assignment of any rights or claims under this Bond shall not bind the Underwriter without the Underwriter's written consent. SECTION 4. LOSS--NOTICE--PROOF--LEGAL PROCEEDINGS This Bond is for the use and benefit only of the Insured and the Underwriter shall not be liable hereunder to anyone other than the Insured. As soon as practicable and not more than sixty (60) days after discovery, the Insured shall give the Underwriter written notice thereof and, as soon as practicable and within one year after such discovery, shall also furnish to the Underwriter affirmative proof of loss with full particulars. The Underwriter may extend the sixty day notice period or the one year proof of loss period if the Insured requests an extension and shows good cause therefor. See also General Agreement C (Court Costs and Attorneys' Fees). The Underwriter shall not be liable hereunder for loss of Securities unless each of the Securities is identified in such proof of loss by a certificate or bond number or by such identification means as the Underwriter may require. The Underwriter shall have a reasonable period after receipt of a proper affirmative proof of loss within which to investigate the claim, but where the Property is Securities and the loss is clear and undisputed, settlement shall be made within forty-eight (48) hours even if the loss involves Securities of which duplicates may be obtained. The Insured shall not bring legal proceedings against the Underwriter to recover any loss hereunder prior to sixty (60) days after filing such proof of loss or subsequent to twenty-four (24) months after the discovery of such loss or, in the case of a legal proceeding to recover hereunder on account of any judgment against the Insured in or settlement of any suit mentioned in General Agreement C or to recover court costs or attorneys' fees paid in any such suit, twenty-four (24) months after the date of the final judgment in or settlement of such suit. If any limitation in this Bond is prohibited by any applicable law, such limitation shall be deemed to be amended to be equal to the minimum period of limitation permitted by such law. Notice hereunder shall be given to Manager, Professional Liability Claims, ICI Mutual Insurance Company, 1401 H St. NW, Washington, DC 20005. SECTION 5. DISCOVERY For all purposes under this Bond, a loss is discovered, and discovery of a loss occurs, when the Insured (1) becomes aware of facts, or (2) receives notice of an actual or potential claim by a third party which alleges that the Insured is liable under circumstances, which would cause a reasonable person to assume that loss covered by this Bond has been or is likely to be incurred even though the exact amount or details of loss may not be known. SECTION 6. VALUATION OF PROPERTY For the purpose of determining the amount of any loss hereunder, the value of any Property shall be the market value of such Property at the close of business on the first business day before the discovery of such loss; except that (1) the value of any Property replaced by the Insured prior to the payment of a claim therefor shall be the actual market value of such Property at the time of replacement, but not in excess of the market value of such Property on the first business day before the discovery of the loss of such Property; (2) the value of Securities which must be produced to exercise subscription, conversion, redemption or deposit privileges shall be the market value of such privileges immediately preceding the expiration thereof if the loss of such Securities is not discovered until after such expiration, but if there is no quoted or other ascertainable market price for such Property or privileges referred to in clauses (1) and (2), their value shall be fixed by agreement between the parties or by arbitration before an arbitrator or arbitrators acceptable to the parties; and (3) the value of books of accounts or other records used by the Insured in the conduct of its business shall be limited to the actual cost of blank books, blank pages or other materials if the books or records are reproduced plus the cost of labor for the transcription or copying of data furnished by the Insured for reproduction. SECTION 7. LOST SECURITIES The maximum liability of the Underwriter hereunder for lost Securities shall be the payment for, or replacement of, such Securities having an aggregate value not to exceed the applicable Limit of Liability. If the Underwriter shall make payment to the Insured for any loss of Securities, the Insured shall assign to the Underwriter all of the Insured's right, title and interest in and to such Securities. In lieu of such payment, the Underwriter may, at its option, replace such lost Securities, and in such case the Insured shall cooperate to effect such replacement. To effect the replacement of lost Securities, the Underwriter may issue or arrange for the issuance of a lost instrument bond. If the value of such Securities does not exceed the applicable Deductible Amount (at the time of the discovery of the loss), the Insured will pay the usual premium charged for the lost instrument bond and will indemnify the issuer of such bond against all loss and expense that it may sustain because of the issuance of such bond. If the value of such Securities exceeds the applicable Deductible Amount (at the time of discovery of the loss), the Insured will pay a proportion of the usual premium charged for the lost instrument bond, equal to the percentage that the applicable Deductible Amount bears to the value of such Securities upon discovery of the loss, and will indemnify the issuer of such bond against all loss and expense that is not recovered from the Underwriter under the terms and conditions of this Bond, subject to the applicable Limit of Liability. SECTION 8. SALVAGE If any recovery is made, whether by the Insured or the Underwriter, on account of any loss within the applicable Limit of Liability hereunder, the Underwriter shall be entitled to the full amount of such recovery to reimburse the Underwriter for all amounts paid hereunder with respect to such loss. If any recovery is made, whether by the Insured or the Underwriter, on account of any loss in excess of the applicable Limit of Liability hereunder plus the Deductible Amount applicable to such loss from any source other than suretyship, insurance, reinsurance, security or indemnity taken by or for the benefit of the Underwriter, the amount of such recovery, net of the actual costs and expenses of recovery, shall be applied to reimburse the Insured in full for the portion of such loss in excess of such Limit of Liability, and the remainder, if any, shall be paid first to reimburse the Underwriter for all amounts paid hereunder with respect to such loss and then to the Insured to the extent of the portion of such loss within the Deductible Amount. The Insured shall execute all documents which the Underwriter deems necessary or desirable to secure to the Underwriter the rights provided for herein. SECTION 9. NON-REDUCTION AND NON-ACCUMULATION OF LIABILITY AND TOTAL LIABILITY Prior to its termination, this Bond shall continue in force up to the Limit of Liability for each Insuring Agreement for each Single Loss, notwithstanding any previous loss (other than such Single Loss) for which the Underwriter may have paid or be liable to pay hereunder; PROVIDED, however, that regardless of the number of years this Bond shall continue in force and the number of premiums which shall be payable or paid, the liability of the Underwriter under this Bond with respect to any Single Loss shall be limited to the applicable Limit of Liability irrespective of the total amount of such Single Loss and shall not be cumulative in amounts from year to year or from period to period. SECTION 10. MAXIMUM LIABILITY OF UNDERWRITER; OTHER BONDS OR POLICIES The maximum liability of the Underwriter for any Single Loss covered by any Insuring Agreement under this Bond shall be the Limit of Liability applicable to such Insuring Agreement, subject to the applicable Deductible Amount and the other provisions of this Bond. Recovery for any Single Loss may not be made under more than one Insuring Agreement. If any Single Loss covered under this Bond is recoverable or recovered in whole or in part because of an unexpired discovery period under any other bonds or policies issued by the Underwriter to the Insured or to any predecessor in interest of the Insured, the maximum liability of the Underwriter shall be the greater of either (1) the applicable Limit of Liability under this Bond, or (2) the maximum liability of the Underwriter under such other bonds or policies. SECTION 11. OTHER INSURANCE Notwithstanding anything to the contrary herein, if any loss covered by this Bond shall also be covered by other insurance or suretyship for the benefit of the Insured, the Underwriter shall be liable hereunder only for the portion of such loss in excess of the amount recoverable under such other insurance or suretyship, but not exceeding the applicable Limit of Liability of this Bond. SECTION 12. DEDUCTIBLE AMOUNT The Underwriter shall not be liable under any Insuring Agreement unless the amount of the loss covered thereunder, after deducting the net amount of all reimbursement and/or recovery received by the Insured with respect to such loss (other than from any other bond, suretyship or insurance policy or as an advance by the Underwriter hereunder) shall exceed the applicable Deductible Amount; in such case the Underwriter shall be liable only for such excess, subject to the applicable Limit of Liability and the other terms of this Bond. No Deductible Amount shall apply to any loss covered under Insuring Agreement A sustained by any Investment Company named as an Insured. SECTION 13. TERMINATION The Underwriter may terminate this Bond as to any Insured or all Insureds only by written notice to such Insured or Insureds and, if this Bond is terminated as to any Investment Company, to each such Investment Company terminated thereby and to the Securities and Exchange Commission, Washington, D.C., in all cases not less than sixty (60) days prior to the effective date of termination specified in such notice. The Insured may terminate this Bond only by written notice to the Underwriter not less than sixty (60) days prior to the effective date of the termination specified in such notice. Notwithstanding the foregoing, when the Insured terminates this Bond as to any Investment Company, the effective date of termination shall be not less than sixty (60) days from the date the Underwriter provides written notice of the termination to each such Investment Company terminated thereby and to the Securities and Exchange Commission, Washington, D.C. This Bond will terminate as to any Insured that is a Non-Fund immediately and without notice upon (1) the takeover of such Insured's business by any State or Federal official or agency, or by any receiver or liquidator, or (2) the filing of a petition under any State or Federal statute relative to bankruptcy or reorganization of the Insured, or assignment for the benefit of creditors of the Insured. Premiums are earned until the effective date of termination. The Underwriter shall refund the unearned premium computed at short rates in accordance with the Underwriter's standard short rate cancellation tables if this Bond is terminated by the Insured or pro rata if this Bond is terminated by the Underwriter. Upon the detection by any Insured that an Employee has committed any Dishonest or Fraudulent Act(s) or Theft, the Insured shall immediately remove such Employee from a position that may enable such Employee to cause the Insured to suffer a loss by any subsequent Dishonest or Fraudulent Act(s) or Theft. The Insured, within two (2) business days of such detection, shall notify the Underwriter with full and complete particulars of the detected Dishonest or Fraudulent Act(s) or Theft. For purposes of this section, detection occurs when any partner, officer, or supervisory employee of any Insured, who is not in collusion with such Employee, becomes aware that the Employee has committed any Dishonest or Fraudulent Act(s) or Theft. This Bond shall terminate as to any Employee by written notice from the Underwriter to each Insured and, if such Employee is an Employee of an Insured Investment Company, to the Securities and Exchange Commission, in all cases not less than sixty (60) days prior to the effective date of termination specified in such notice. SECTION 14. RIGHTS AFTER TERMINATION At any time prior to the effective date of termination of this Bond as to any Insured, such Insured may, by written notice to the Underwriter, elect to purchase the right under this Bond to an additional period of twelve (12) months within which to discover loss sustained by such Insured prior to the effective date of such termination and shall pay an additional premium therefor as the Underwriter may require. Such additional discovery period shall terminate immediately and without notice upon the takeover of such Insured's business by any State or Federal official or agency, or by any receiver or liquidator. Promptly after such termination the Underwriter shall refund to the Insured any unearned premium. The right to purchase such additional discovery period may not be exercised by any State or Federal official or agency, or by any receiver or liquidator, acting or appointed to take over the Insured's business. SECTION 15. CENTRAL HANDLING OF SECURITIES The Underwriter shall not be liable for loss in connection with the central handling of securities within the systems established and maintained by any Depository ("Systems"), unless the amount of such loss exceeds the amount recoverable or recovered under any bond or policy or participants' fund insuring the Depository against such loss (the "Depository's Recovery"); in such case the Underwriter shall be liable hereunder only for the Insured's share of such excess loss, subject to the applicable Limit of Liability, the Deductible Amount and the other terms of this Bond. For determining the Insured's share of such excess loss, (1) the Insured shall be deemed to have an interest in any certificate representing any security included within the Systems equivalent to the interest the Insured then has in all certificates representing the same security included within the Systems; (2) the Depository shall have reasonably and fairly apportioned the Depository's Recovery among all those having an interest as recorded by appropriate entries in the books and records of the Depository in Property involved in such loss, so that each such interest shall share in the Depository's Recovery in the ratio that the value of each such interest bears to the total value of all such interests; and (3) the Insured's share of such excess loss shall be the amount of the Insured's interest in such Property in excess of the amount(s) so apportioned to the Insured by the Depository. This Bond does not afford coverage in favor of any Depository or Exchange or any nominee in whose name is registered any security included within the Systems. SECTION 16. ADDITIONAL COMPANIES INCLUDED AS INSURED If more than one entity is named as the Insured: A. the total liability of the Underwriter hereunder for each Single Loss shall not exceed the Limit of Liability which would be applicable if there were only one named Insured, regardless of the number of Insured entities which sustain loss as a result of such Single Loss, B. the Insured first named in Item 1 of the Declarations shall be deemed authorized to make, adjust, and settle, and receive and enforce payment of, all claims hereunder as the agent of each other Insured for such purposes and for the giving or receiving of any notice required or permitted to be given hereunder; provided, that the Underwriter shall promptly furnish each named Insured Investment Company with (1) a copy of this Bond and any amendments thereto, (2) a copy of each formal filing of a claim hereunder by any other Insured, and (3) notification of the terms of the settlement of each such claim prior to the execution of such settlement, C. the Underwriter shall not be responsible or have any liability for the proper application by the Insured first named in Item 1 of the Declarations of any payment made hereunder to the first named Insured, D. for the purposes of Sections 4 and 13, knowledge possessed or discovery made by any partner, officer or supervisory Employee of any Insured shall constitute knowledge or discovery by every named Insured, E. if the first named Insured ceases for any reason to be covered under this Bond, then the Insured next named shall thereafter be considered as the first named Insured for the purposes of this Bond, and F. each named Insured shall constitute "the Insured" for all purposes of this Bond. SECTION 17. NOTICE AND CHANGE OF CONTROL Within thirty (30) days after learning that there has been a change in control of an Insured by transfer of its outstanding voting securities the Insured shall give written notice to the Underwriter of: A. the names of the transferors and transferees (or the names of the beneficial owners if the voting securities are registered in another name), and B. the total number of voting securities owned by the transferors and the transferees (or the beneficial owners), both immediately before and after the transfer, and C. the total number of outstanding voting securities. As used in this Section, "control" means the power to exercise a controlling influence over the management or policies of the Insured. SECTION 18. CHANGE OR MODIFICATION This Bond may only be modified by written Rider forming a part hereof over the signature of the Underwriter's authorized representative. Any Rider which modifies the coverage provided by Insuring Agreement A, Fidelity, in a manner which adversely affects the rights of an Insured Investment Company shall not become effective until at least sixty (60) days after the Underwriter has given written notice thereof to the Securities and Exchange Commission, Washington, D.C., and to each Insured Investment Company affected thereby. SECTION 19. COMPLIANCE WITH APPLICABLE TRADE AND ECONOMIC SANCTIONS This Bond shall not be deemed to provide any coverage, and the Underwriter shall not be required to pay any loss or provide any benefit hereunder, to the extent that the provision of such coverage, payment of such loss or provision of such benefit would cause the Underwriter to be in violation of any applicable trade or economic sanctions, laws or regulations, including, but not limited to, any sanctions, laws or regulations administered and enforced by the U.S. Department of Treasury Office of Foreign Assets Control (OFAC). IN WITNESS WHEREOF, the Underwriter has caused this Bond to be executed on the Declarations Page. ICI MUTUAL INSURANCE COMPANY, A RISK RETENTION GROUP INVESTMENT COMPANY BLANKET BOND RIDER NO. 1 -------------------------------------------------------------------------------- INSURED BOND NUMBER FIRST TRUST EXCHANGE-TRADED FUND 99516116B -------------------------------------------------------------------------------- EFFECTIVE DATE BOND PERIOD AUTHORIZED REPRESENTATIVE OCTOBER 9, 2016 OCTOBER 9, 2016 TO OCTOBER 9, 2017 /S/ SWENITHA NALLI ================================================================================ In consideration of the premium charged for this Bond, it is hereby understood and agreed that Item 1 of the Declarations, Name of Insured, shall include the following: First Trust Advisors LP First Trust Portfolios LP FT Cayman Subsidiary FT Cayman Subsidiary II FT Cayman Subsidiary III First Trust Variable Insurance Trust, a series fund consisting of: o First Trust Dorsey Wright Tactical Core Portfolio o First Trust Dow Jones Dividend & Income Allocation Portfolio o First Trust Multi Income Allocation Portfolio First Trust Exchange-Traded Fund, a series fund consisting of: o First Trust Capital Strength ETF o First Trust CBOE S&P 500 VIX Tail Hedge Fund o First Trust Dow Jones Internet Index Fund o First Trust Dow Jones Select MicroCap Index Fund o First Trust ISE Chindia Index Fund o First Trust ISE Revere Natural Gas Index Fund o First Trust ISE Water Index Fund o First Trust Morningstar Dividend Leaders Index Fund o First Trust NASDAQ Clean Edge(R) Green Energy Index Fund o First Trust NASDAQ(R) ABA Community Bank Index Fund o First Trust NASDAQ-100 Equal Weighted Index Fund o First Trust NASDAQ-100 Ex-Technology Sector Index Fund o First Trust NASDAQ-100-Technology Sector Index Fund o First Trust NYSE Arca(R) Biotechnology Index Fund o First Trust S&P REIT Index Fund o First Trust Total US Market AlphaDEX(R) ETF o First Trust US IPO Index Fund o First Trust Value Line(R) 100 Exchange-Traded Fund o First Trust Value Line(R) Dividend Index Fund First Trust Exchange-Traded Fund II, a series fund consisting of: o First Trust BICK Index Fund o First Trust Dow Jones Global Select Dividend Index Fund o First Trust Dow Jones STOXX(R) European Select Dividend Index Fund o First Trust FTSE EPRA/NAREIT Developed Markets Real Estate Index Fund o First Trust Indxx Global Agriculture ETF o First Trust Indxx Global Natural Resources Income ETF o First Trust International IPO ETF o First Trust ISE Cloud Computing Index Fund o First Trust ISE Global Engineering and Construction Index Fund o First Trust ISE Global Wind Energy Index Fund o First Trust NASDAQ(R) Clean Edge(R) Smart Grid Infrastructure Index Fund o First Trust Nasdaq Cybersecurity ETF o First Trust NASDAQ(R) Global Auto Index Fund o First Trust Nasdaq Smartphone Index Fund o First Trust ZyFin India Quality and Governance ETF First Trust Exchange-Traded AlphaDEX(R) Fund, a series fund consisting of: o First Trust Consumer Discretionary AlphaDEX(R) Fund o First Trust Consumer Staples AlphaDEX(R) Fund o First Trust Energy AlphaDEX(R) Fund o First Trust Financials AlphaDEX(R) Fund o First Trust Health Care AlphaDEX(R) Fund o First Trust Industrials/Producer Durables AlphaDEX(R) Fund o First Trust Large Cap Core AlphaDEX(R) Fund o First Trust Large Cap Growth AlphaDEX(R) Fund o First Trust Large Cap Value AlphaDEX(R) Fund o First Trust Materials AlphaDEX(R) Fund o First Trust Mega Cap AlphaDEX(R) Fund o First Trust Mid Cap Core AlphaDEX(R) Fund o First Trust Mid Cap Growth AlphaDEX(R) Fund o First Trust Mid Cap Value AlphaDEX(R) Fund o First Trust Multi Cap Value AlphaDEX(R) Fund o First Trust Multi Cap Growth AlphaDEX(R) Fund o First Trust Small Cap Core AlphaDEX(R) Fund o First Trust Small Cap Growth AlphaDEX(R) Fund o First Trust Small Cap Value AlphaDEX(R) Fund o First Trust Technology AlphaDEX(R) Fund o First Trust Utilities AlphaDEX(R) Fund First Trust Exchange-Traded AlphaDEX(R) II Fund, a series fund consisting of: o First Trust Asia Pacific Ex-Japan AlphaDEX(R) Fund o First Trust Australia AlphaDEX(R) Fund o First Trust Brazil AlphaDEX(R) Fund o First Trust Canada AlphaDEX(R) Fund o First Trust China AlphaDEX(R) Fund o First Trust Developed Markets Ex-US AlphaDEX(R) Fund o First Trust Developed Markets Ex-US Small Cap AlphaDEX(R) Fund o First Trust Emerging Markets AlphaDEX(R) Fund o First Trust Emerging Markets Small Cap AlphaDEX(R) Fund o First Trust Europe AlphaDEX(R) Fund o First Trust Eurozone AlphaDEX(R) ETF o First Trust Germany AlphaDEX(R) Fund o First Trust Hong Kong AlphaDEX(R) Fund o First Trust Japan AlphaDEX(R) Fund o First Trust Latin America AlphaDEX(R) Fund o First Trust South Korea AlphaDEX(R) Fund o First Trust Switzerland AlphaDEX(R) Fund o First Trust Taiwan AlphaDEX(R) Fund o First Trust United Kingdom AlphaDEX(R) Fund First Trust Series Fund, a series fund consisting of: o First Trust AQA(R) Equity Fund o First Trust Preferred Securities and Income Fund o First Trust Short Duration High Income Fund o First Trust/Confluence Small Cap Value Fund First Trust Exchange-Traded Fund III o First Trust Emerging Markets Local Currency Bond ETF o First Trust Horizon Managed Volatility Domestic ETF o First Trust Horizon Managed Volatility Developed International ETF o First Trust Long/Short Equity ETF o First Trust Managed Municipal ETF o First Trust Preferred Securities and Income ETF o First Trust RiverFront Dynamic Asia Pacific ETF o First Trust RiverFront Dynamic Developed International ETF o First Trust RiverFront Dynamic Emerging Markets ETF o First Trust RiverFront Dynamic Europe ETF First Trust Exchange-Traded Fund IV, a series fund consisting of: o First Trust Enhanced Short Maturity ETF o First Trust Heitman Global Prime Real Estate ETF o First Trust Low Duration Mortgage Opportunities ETF o First Trust North American Energy Infrastructure Fund o First Trust Senior Loan Fund o First Trust SSI Strategic Convertible Securities ETF o First Trust Strategic Income ETF o First Trust Tactical High Yield ETF First Trust Exchange Traded Fund V, a series fund consisting of: o First Trust Morningstar Managed Futures Strategy Fund First Trust Exchange Traded Fund VI, a series fund consisting of: o First Trust Dorsey Wright Dynamic Focus 5 ETF o First Trust Dorsey Wright Focus 5 ETF o First Trust Dorsey Wright International Focus 5 ETF o First Trust High Income ETF o First Trust Low Beta Income ETF o First Trust Nasdaq Bank ETF o First Trust Nasdaq Food & Beverage ETF o First Trust Nasdaq Oil & Gas ETF o First Trust Nasdaq Pharmaceuticals ETF o First Trust Nasdaq Retail ETF o First Trust NASDAQ Rising Dividend Achievers ETF o First Trust Nasdaq Semiconductor ETF o First Trust NASDAQ Technology Dividend Index Fund o First Trust Nasdaq Transportation ETF o First Trust RBA American Industrial Renaissance(TM) ETF o First Trust RBA Quality Income ETF o International Multi-Asset Diversified Income Index Fund o Multi-Asset Diversified Income Index Fund First Trust Exchange Traded Fund VII, a series fund consisting of: o First Trust Alternative Absolute Return Strategy ETF o First Trust Global Tactical Commodity Strategy Fund First Trust Exchange Traded Fund VIII, a series fund consisting of: o First Trust CEF Income Opportunity ETF o First Trust Equity Market Neutral ETF o First Trust Long/Short Currency Strategy ETF o First Trust Municipal CEF Income Opportunity ETF Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund First Trust Dividend and Income Fund First Trust Energy Income and Growth Fund First Trust Energy Infrastructure Fund First Trust Enhanced Equity Income Fund First Trust High Income Long/Short Fund First Trust Intermediate Duration Preferred and Income Fund First Trust MLP and Energy Income Fund First Trust Mortgage Income Fund First Trust New Opportunities MLP & Energy Fund First Trust Senior Floating Rate Income Fund II First Trust Specialty Finance and Financial Opportunities Fund First Trust Strategic High Income Fund II First Trust/Aberdeen Emerging Opportunity Income Fund First Trust/Aberdeen Global Opportunity Income Fund First Trust Dynamic Europe Equity Income Fund Except as above stated, nothing herein shall be held to alter, waive or extend any of the terms of this Bond. RN1.0-00 (1/02) ICI MUTUAL INSURANCE COMPANY, A RISK RETENTION GROUP INVESTMENT COMPANY BLANKET BOND RIDER NO. 2 -------------------------------------------------------------------------------- INSURED BOND NUMBER FIRST TRUST EXCHANGE-TRADED FUND 99516116B -------------------------------------------------------------------------------- EFFECTIVE DATE BOND PERIOD AUTHORIZED REPRESENTATIVE OCTOBER 9, 2016 OCTOBER 9, 2016 TO OCTOBER 9, 2017 /S/ SWENITHA NALLI ================================================================================ In consideration of the premium charged for this Bond, it is hereby understood and agreed that this Bond (other than Insuring Agreements C and D) does not cover loss resulting from or in connection with any business, activities, or acts or omissions of (including services rendered by) any Insured which is not an Insured Fund ("Non-Fund") or any Employee of a Non-Fund, except loss, otherwise covered by the terms of this Bond, resulting from or in connection with (1) services rendered by a Non-Fund to an Insured Fund, or to shareholders of such Fund in connection with the issuance, transfer, or redemption of their Fund shares; or (2) Investment Advisory Services rendered by a Non-Fund to an investment advisory client of such Non-Fund; or (3) in the case of a Non-Fund substantially all of whose business is rendering the services described in (1) or (2) above, the general business, activities or operations of such Non-Fund, excluding (a) the rendering of services (other than those described in (1) or (2) above) to any person, or (b) the sale of goods or property of any kind. It is further understood and agreed that with respect to any Non-Fund, Insuring Agreements C and D only cover loss of Property which a Non-Fund uses or holds, or in which a Non-Fund has an interest, in each case wholly or partially in connection with the rendering of services described in (1) or (2) above. As used herein, "Investment Advisory Services" means (a) advice with respect to the desirability of investing in, purchasing or selling securities or other property, including the power to determine what securities or other property shall be purchased or sold, but not including furnishing only statistical and other factual information (such as economic factors and trends); and (b) the provision of financial, economic or investment management services, but only if ancillary and related to the advice referred to in clause (a) above. For purposes of this Rider, Investment Advisory Services shall not include Personal Financial Planning Services. It is further understood and agreed that as used herein, "Personal Financial Planning Services" means the provision of financial plans to individuals for compensation and the provision of services related thereto, and may include specific recommendations for the implementation of such plans and advice with respect to tax planning, retirement planning, estate planning, insurance planning, budgeting and cash management, or similar types of financial advice, but not including solely Investment Advisory Services. Except as above stated, nothing herein shall be held to alter, waive or extend any of the terms of this Bond. RN3.1-02 (1/02) ICI MUTUAL INSURANCE COMPANY, A RISK RETENTION GROUP INVESTMENT COMPANY BLANKET BOND RIDER NO. 3 -------------------------------------------------------------------------------- INSURED BOND NUMBER FIRST TRUST EXCHANGE-TRADED FUND 99516116B -------------------------------------------------------------------------------- EFFECTIVE DATE BOND PERIOD AUTHORIZED REPRESENTATIVE OCTOBER 9, 2016 OCTOBER 9, 2016 TO OCTOBER 9, 2017 /S/ SWENITHA NALLI ================================================================================ In consideration of the premium charged for this Bond, it is hereby understood and agreed that notwithstanding anything to the contrary in this Bond, this Bond shall not cover loss resulting from or in connection with the discretionary voting by any Insured of securities owned or held by any client of such Insured, where such securities are issued by (1) such Insured, or (2) any entity controlling, controlled by, or under common control with such Insured, ("Affiliated Entity"), or (3) any Fund to which such Insured or any Affiliated Entity provides any services. Except as above stated, nothing herein shall be held to alter, waive or extend any of the terms of this Bond. RN12.0-01 (1/02) ICI MUTUAL INSURANCE COMPANY, A RISK RETENTION GROUP INVESTMENT COMPANY BLANKET BOND RIDER NO. 4 -------------------------------------------------------------------------------- INSURED BOND NUMBER FIRST TRUST EXCHANGE-TRADED FUND 99516116B -------------------------------------------------------------------------------- EFFECTIVE DATE BOND PERIOD AUTHORIZED REPRESENTATIVE OCTOBER 9, 2016 OCTOBER 9, 2016 TO OCTOBER 9, 2017 /S/ SWENITHA NALLI ================================================================================ In consideration of the premium charged for this Bond, it is hereby understood and agreed that this Bond does not cover any loss resulting from or in connection with the acceptance of any Third Party Check, unless (1) such Third Party Check is used to open or increase an account which is registered in the name of one or more of the payees on such Third Party Check, and (2) reasonable efforts are made by the Insured, or by the entity receiving Third Party Checks on behalf of the Insured, to verify all endorsements on all Third Party Checks made payable in amounts greater than $100,000 (provided, however, that the isolated failure to make such efforts in a particular instance will not preclude coverage, subject to the exclusions herein and in the Bond), and then only to the extent such loss is otherwise covered under this Bond. For purposes of this Rider, "Third Party Check" means a check made payable to one or more parties and offered as payment to one or more other parties. It is further understood and agreed that notwithstanding anything to the contrary above or elsewhere in the Bond, this Bond does not cover any loss resulting from or in connection with the acceptance of a Third Party Check where: (1) any payee on such Third Party Check reasonably appears to be a corporation or other entity; or (2) such Third Party Check is made payable in an amount greater than $100,000 and does not include the purported endorsements of all payees on such Third Party Check. It is further understood and agreed that this Rider shall not apply with respect to any coverage that may be available under Insuring Agreement A, "Fidelity." Except as above stated, nothing herein shall be held to alter, waive or extend any of the terms of this Bond. RN30.0-01 (1/02) ICI MUTUAL INSURANCE COMPANY, A RISK RETENTION GROUP INVESTMENT COMPANY BLANKET BOND RIDER NO. 5 -------------------------------------------------------------------------------- INSURED BOND NUMBER FIRST TRUST EXCHANGE-TRADED FUND 99516116B -------------------------------------------------------------------------------- EFFECTIVE DATE BOND PERIOD AUTHORIZED REPRESENTATIVE OCTOBER 9, 2016 OCTOBER 9, 2016 TO OCTOBER 9, 2017 /S/ SWENITHA NALLI ================================================================================ In consideration of the premium charged for this Bond, it is hereby understood and agreed that, notwithstanding anything to the contrary in General Agreement A of this Bond, Item 1 of the Declarations shall include any Newly Created Investment Company or portfolio provided that the Insured shall submit to the Underwriter annually, a list of all Newly Created Investment Companies or portfolios, the estimated annual assets of each Newly Created Investment Company or portfolio, and copies of any prospectuses and statements of additional information relating to such Newly Created Investment Companies or portfolios, unless said prospectuses and statements of additional information have been previously submitted. For purposes of this Rider, "Newly Created Investment Company or portfolio" shall mean any Investment Company or portfolio for which registration with the SEC has been declared effective for a time period of less than one year. Except as above stated, nothing herein shall be held to alter, waive or extend any of the terms of this Bond. RNV33.0-00-516 (05/12) ICI MUTUAL INSURANCE COMPANY, A RISK RETENTION GROUP INVESTMENT COMPANY BLANKET BOND RIDER NO. 6 -------------------------------------------------------------------------------- INSURED BOND NUMBER FIRST TRUST EXCHANGE-TRADED FUND 99516116B -------------------------------------------------------------------------------- EFFECTIVE DATE BOND PERIOD AUTHORIZED REPRESENTATIVE OCTOBER 9, 2016 OCTOBER 9, 2016 TO OCTOBER 9, 2017 /S/ SWENITHA NALLI ================================================================================ Most property and casualty insurers, including ICI Mutual Insurance Company, a Risk Retention Group ("ICI Mutual"), are subject to the requirements of the Terrorism Risk Insurance Act of 2002, as amended (the "Act"). The Act establishes a federal insurance backstop under which ICI Mutual and these other insurers will be partially reimbursed for future "INSURED LOSSES" resulting from certified "ACTS OF TERRORISM." (Each of these BOLDED TERMS is defined by the Act.) The Act also places certain disclosure and other obligations on ICI Mutual and these other insurers. Pursuant to the Act, any future losses to ICI Mutual caused by certified "ACTS OF TERRORISM" will be partially reimbursed by the United States government under a formula established by the Act. Under this formula, the United States government will reimburse ICI Mutual for the Federal Share of Compensation of ICI Mutual's "INSURED LOSSES" in excess of ICI Mutual's "INSURER DEDUCTIBLE" until total "INSURED LOSSES" of all participating insurers in excess of a statutorily established aggregate deductible reach the Cap on Annual Liability. If total "INSURED LOSSES" of all property and casualty insurers in excess of a statutorily established aggregate deductible reach the Cap on Annual Liability during any applicable period, the Act provides that the insurers will not be liable under their policies for their portions of such losses that exceed such amount. Amounts otherwise payable under this policy may be reduced as a result. This policy has no express exclusion for "ACTS OF TERRORISM." However, coverage under this policy remains subject to all applicable terms, conditions and limitations of the policy (including exclusions) that are permissible under the Act. The portion of the premium that is attributable to any coverage potentially available under the policy for "ACTS OF TERRORISM" is one percent (1%). As used herein, "Federal Share of Compensation" shall mean: 85% in calendar year 2015; 84% in calendar year 2016; 83% in calendar year 2017; 82% in calendar year 2018; 81% in calendar year 2019; and 80% in calendar year 2020. As used herein, "Cap on Annual Liability" shall mean, with respect to total "INSURED LOSSES" of all participating insurers: $100 billion in calendar year 2015; $120 billion in calendar year 2016; $140 billion in calendar year 2017; $160 billion in calendar year 2018; $180 billion in calendar year 2019; and $200 billion in calendar year 2020. RN53.1-00 (02/15) ICI MUTUAL INSURANCE COMPANY, A RISK RETENTION GROUP INVESTMENT COMPANY BLANKET BOND RIDER NO. 7 -------------------------------------------------------------------------------- INSURED BOND NUMBER FIRST TRUST EXCHANGE-TRADED FUND 99516116B -------------------------------------------------------------------------------- EFFECTIVE DATE BOND PERIOD AUTHORIZED REPRESENTATIVE OCTOBER 9, 2016 OCTOBER 9, 2016 TO OCTOBER 9, 2017 /S/ SWENITHA NALLI ================================================================================ In consideration of the premium charged for this Bond, it is hereby understood and agreed that the Underwriter will use its best efforts to notify the Financial Industry Regulatory Authority, Inc. within 30 days in the event the Bond is substantially modified, terminated or canceled. Except as above stated, nothing herein shall be held to alter, waive or extend any of the terms of this Bond. RN25.0-02 (10/08) ICI MUTUAL INSURANCE COMPANY, A RISK RETENTION GROUP INVESTMENT COMPANY BLANKET BOND RIDER NO. 8 -------------------------------------------------------------------------------- INSURED BOND NUMBER FIRST TRUST EXCHANGE-TRADED FUND 99516116B -------------------------------------------------------------------------------- EFFECTIVE DATE BOND PERIOD AUTHORIZED REPRESENTATIVE OCTOBER 9, 2016 OCTOBER 9, 2016 TO OCTOBER 9, 2017 /S/ SWENITHA NALLI ================================================================================ In consideration of the premium charged for this Bond, it is hereby understood and agreed that no action involving any Foreign Entity as a party, or otherwise relating to any Foreign Entity may be brought against the Underwriter anywhere other than in a court within the State of Vermont in the United States of America. In the case of any such action, this Bond shall be governed by and construed and enforced only in accordance with (1) the internal laws of the State of Vermont (without reference to choice of law doctrine applicable in such state); and (2) the English text as it appears in this Bond. It is further understood and agreed that as used in Insuring Agreement E., Forgery or Alteration, Sections 1.I(5), 2.E, and 2.O of, and Rider 2 to this Bond only, the term "Fund" or "Investment Company," shall be deemed to include the Foreign Funds. It is further understood and agreed that as used in Insuring Agreement B., Audit Expense, Insuring Agreement F., Securities and Section 2.E of this Bond only, the term "Self Regulatory Organization" shall be deemed to include any association or organization of investment advisers or securities dealers registered or authorized under the securities laws of any government or any securities exchange registered with any government. It is further understood and agreed that notwithstanding, Section 17 or any other provision of this Bond, this Bond shall terminate immediately as to any Foreign Entity without prior notice to such Foreign Entity: (1) if there is a change in control (as defined in Section 17 of this Bond) of such Foreign Entity by transfer of its outstanding voting securities or otherwise, or (2) if such Foreign Entity shall merge or consolidate with an entity such that the Foreign Entity is the surviving entity, or purchase or otherwise acquire any other entity or substantially all the assets of another entity, or acquire or create a subsidiary or separate investment portfolio, unless, prior to such change in control, or merger or consolidation, or purchase, or acquisition or creation, respectively ("Event"), the Foreign Entity notifies the Underwriter in writing of the impending Event and the Underwriter, in its sole discretion, determines to continue the Bond upon such terms and conditions as the Underwriter may deem appropriate. As used herein, "Foreign Entity" shall mean: all Foreign Funds As used herein, "Foreign Funds" shall mean: FT Cayman Subsidiary FT Cayman Subsidiary II FT Cayman Subsidiary III Except as above stated, nothing herein shall be held to alter, waive or extend any of the terms of this Bond. RN14.0-02 (10/08) ICI MUTUAL INSURANCE COMPANY, A RISK RETENTION GROUP INVESTMENT COMPANY BLANKET BOND RIDER NO. 9 -------------------------------------------------------------------------------- INSURED BOND NUMBER FIRST TRUST EXCHANGE-TRADED FUND 99516116B -------------------------------------------------------------------------------- EFFECTIVE DATE BOND PERIOD AUTHORIZED REPRESENTATIVE OCTOBER 9, 2016 OCTOBER 9, 2016 TO OCTOBER 9, 2017 /S/ SWENITHA NALLI ================================================================================ In consideration of the premium charged for this Bond, it is hereby understood and agreed that the Underwriter shall use its best efforts to enter into an agreement with each Facultative Reinsurer on this Bond, regarding the Insureds' rights against such Facultative Reinsurer ("Cut Through Agreement"), in substantially the form(s) previously reviewed and agreed to by the Insureds. It is further understood and agreed that as used in this rider, "Facultative Reinsurer" means any entity providing reinsurance for this Bond to the Underwriter on a facultative basis (and always excluding any entity providing reinsurance for this Bond to the Underwriter pursuant to treaty). Nothing herein contained shall be held to vary, alter, waive or extend any of the terms, conditions, provisions, agreements or limitations of this Bond other than as above stated. RNM11.0-00-516 (12/11) ICI MUTUAL INSURANCE COMPANY, A RISK RETENTION GROUP INVESTMENT COMPANY BLANKET BOND RIDER NO. 10 -------------------------------------------------------------------------------- INSURED BOND NUMBER FIRST TRUST EXCHANGE-TRADED FUND 99516116B -------------------------------------------------------------------------------- EFFECTIVE DATE BOND PERIOD AUTHORIZED REPRESENTATIVE OCTOBER 9, 2016 OCTOBER 9, 2016 TO OCTOBER 9, 2017 /S/ SWENITHA NALLI ================================================================================ In consideration of the premium charged for this Bond, it is hereby understood and agreed that notwithstanding Section 2.Q of this Bond, this Bond is amended by adding an additional Insuring Agreement J as follows: J. COMPUTER SECURITY Loss (including loss of Property) resulting directly from Computer Fraud; provided, that the Insured has adopted in writing and generally maintains and follows during the Bond Period all Computer Security Procedures. The isolated failure of the Insured to maintain and follow a particular Computer Security Procedure in a particular instance will not preclude coverage under this Insuring Agreement, subject to the specific exclusions herein and in the Bond. 1. Definitions. The following terms used in this Insuring Agreement shall have the following meanings: a. "Authorized User" means any person or entity designated by the Insured (through contract, assignment of User Identification, or otherwise) as authorized to use a Covered Computer System, or any part thereof. An individual who invests in an Insured Fund shall not be considered to be an Authorized User solely by virtue of being an investor. b. "Computer Fraud" means the unauthorized entry of data into, or the deletion or destruction of data in, or change of data elements or programs within, a Covered Computer System which: (1) is committed by any Unauthorized Third Party anywhere, alone or in collusion with other Unauthorized Third Parties; and (2) is committed with the conscious manifest intent (a) to cause the Insured to sustain a loss, and (b) to obtain financial benefit for the perpetrator or any other person; and (3) causes (x) Property to be transferred, paid or delivered; or (y) an account of the Insured, or of its customer, to be added, deleted, debited or credited; or (z) an unauthorized or fictitious account to be debited or credited. c. "Computer Security Procedures" means procedures for prevention of unauthorized computer access and use and administration of computer access and use as provided in writing to the Underwriter. d. "Covered Computer System" means any Computer System as to which the Insured has possession, custody and control. e. "Unauthorized Third Party" means any person or entity that, at the time of the Computer Fraud, is not an Authorized User. f. "User Identification" means any unique user name (i.e., a series of characters) that is assigned to a person or entity by the Insured. 2. Exclusions. It is further understood and agreed that this Insuring Agreement J shall not cover: a. Any loss covered under Insuring Agreement A, "Fidelity," of this Bond; and b. Any loss resulting directly or indirectly from Theft or misappropriation of confidential or proprietary information, material or data (including but not limited to trade secrets, computer programs or customer information); and c. Any loss resulting from the intentional failure to adhere to one or more Computer Security Procedures; and d. Any loss resulting from a Computer Fraud committed by or in collusion with: (1) any Authorized User (whether a natural person or an entity); or (2) in the case of any Authorized User which is an entity, (a) any director, officer, partner, employee or agent of such Authorized User, or (b) any entity which controls, is controlled by, or is under common control with such Authorized User ("Related Entity"), or (c) any director, officer, partner, employee or agent of such Related Entity; or (3) in the case of any Authorized User who is a natural person, (a) any entity for which such Authorized User is a director, officer, partner, employee or agent ("Employer Entity"), or (b) any director, officer, partner, employee or agent of such Employer Entity, or (c) any entity which controls, is controlled by, or is under common control with such Employer Entity ("Employer-Related Entity"), or (d) any director, officer, partner, employee or agent of such Employer-Related Entity; and e. Any loss resulting from physical damage to or destruction of any Covered Computer System, or any part thereof, or any data, data elements or media associated therewith; and f. Any loss resulting from Computer Fraud committed by means of wireless access to any Covered Computer System, or any part thereof, or any data, data elements or media associated therewith; and g. Any loss not directly and proximately caused by Computer Fraud (including, without limitation, disruption of business and extra expense); and h. Payments made to any person(s) who has threatened to deny or has denied authorized access to a Covered Computer System or otherwise has threatened to disrupt the business of the Insured. For purposes of this Insuring Agreement, "Single Loss," as defined in Section 1.X of this Bond, shall also include all loss caused by Computer Fraud(s) committed by one person, or in which one person is implicated, whether or not that person is specifically identified. A series of losses involving unidentified individuals, but arising from the same method of operation, may be deemed by the Underwriter to involve the same individual and in that event shall be treated as a Single Loss. It is further understood and agreed that nothing in this Rider shall affect the exclusion set forth in Section 2.O of this Bond. Coverage under this Insuring Agreement shall terminate upon termination of this Bond. Coverage under this Insuring Agreement may also be terminated without terminating this Bond as an entirety: (a) by written notice from the Underwriter not less than sixty (60) days prior to the effective date of termination specified in such notice; or (b) immediately by written notice from the Insured to the Underwriter. Except as above stated, nothing herein shall be held to alter, waive or extend any of the terms of this Bond. RN19.0-04 (03/12) ICI MUTUAL INSURANCE COMPANY, A RISK RETENTION GROUP INVESTMENT COMPANY BLANKET BOND RIDER NO. 11 -------------------------------------------------------------------------------- INSURED BOND NUMBER FIRST TRUST EXCHANGE-TRADED FUND 99516116B -------------------------------------------------------------------------------- EFFECTIVE DATE BOND PERIOD AUTHORIZED REPRESENTATIVE DECEMBER 22, 2016 OCTOBER 9, 2016 TO OCTOBER 9, 2017 /S/ SWENITHA NALLI ================================================================================ In consideration of the premium charged for this Bond, it is hereby understood and agreed that Item 1 of the Declarations, Name of Insured, shall include the following: First Trust Senior Floating Rate 2022 Target Term Fund Except as above stated, nothing herein shall be held to alter, waive or extend any of the terms of this Bond. RN1.0-00 (01/02) ICI MUTUAL INSURANCE COMPANY, A RISK RETENTION GROUP INVESTMENT COMPANY BLANKET BOND RIDER NO. 12 -------------------------------------------------------------------------------- INSURED BOND NUMBER FIRST TRUST EXCHANGE-TRADED FUND 99516116B -------------------------------------------------------------------------------- EFFECTIVE DATE BOND PERIOD AUTHORIZED REPRESENTATIVE SEE BELOW OCTOBER 9, 2016 TO OCTOBER 9, 2017 /S/ SWENITHA NALLI ================================================================================ In consideration of the premium charged for this Bond, and notwithstanding Item 1 of the Declarations, Name of Insured, or any other Rider to this Bond, it is hereby understood and agreed that the following shall not be Insureds under this Bond as of the effective date indicated: FUND NAME EFFECTIVE DATE o First Trust Equity Market Neutral ETF, a series fund of: First Trust Exchange Traded Fund VIII October 9, 2016 First Trust Dividend and Income Fund October 24, 2016 Except as above stated, nothing herein shall be held to alter, waive or extend any of the terms of this Bond. RN2.1-00 (01/02)
CERTIFICATE OF ASSISTANT SECRETARY

      The undersigned, Kristi A. Maher, Assistant Secretary of Macquarie/First
Trust Global Infrastructure/Utilities Dividend & Income Fund, a Massachusetts
Business Trust, First Trust Senior Floating Rate Income Fund II, a Massachusetts
Business Trust, First Trust Energy Income and Growth Fund, a Massachusetts
Business Trust, First Trust Enhanced Equity Income Fund, a Massachusetts
Business Trust, First Trust/Aberdeen Global Opportunity Income Fund, a
Massachusetts Business Trust, First Trust Mortgage Income Fund, a Massachusetts
Business Trust, First Trust Exchange-Traded Fund, a Massachusetts Business
Trust, First Trust Strategic High Income Fund II, a Massachusetts Business
Trust, First Trust/Aberdeen Emerging Opportunity Fund, a Massachusetts Business
Trust, First Trust Specialty Finance and Financial Opportunities Fund, a
Massachusetts Business Trust, First Trust Exchange-Traded Fund II, a
Massachusetts Business Trust, First Trust Exchange-Traded AlphaDEX(R) Fund, a
Massachusetts Business Trust, First Trust Dividend and Income Fund, a
Massachusetts Business Trust, First Trust High Income Long/Short Fund, a
Massachusetts Business Trust, First Trust Exchange-Traded AlphaDEX(R) Fund II, a
Massachusetts Business Trust, First Trust Series Fund, a Massachusetts Business
Trust, First Trust Energy Infrastructure Fund, a Massachusetts Business Trust,
First Trust MLP and Energy Income Fund, a Massachusetts Business Trust, First
Trust Exchange Traded Fund VI, a Massachusetts Business Trust, First Trust
Exchange-Traded Fund IV, a Massachusetts Business Trust, First Trust Variable
Insurance Trust, a Massachusetts Business Trust, First Trust Exchange-Traded
Fund III, a Massachusetts Business Trust, First Trust Intermediate Duration
Preferred & Income Fund, a Massachusetts Business Trust, First Trust
Exchange-Traded Fund V, a Massachusetts Business Trust, First Trust
Exchange-Traded Fund VII, a Massachusetts Business Trust, First Trust New
Opportunities MLP & Energy Fund, a Massachusetts Business Trust, First Trust
Dynamic Europe Equity Income Fund, a Massachusetts Business Trust, First Trust
Exchange-Traded Fund VIII, a Massachusetts Business Trust and First Trust Senior
Floating Rate 2022 Target Term Fund, a Massachusetts Business Trust
(individually, the "Company" and collectively, the "Companies"), does hereby
certify that:

      1. This certificate is being delivered to the Securities and Exchange
Commission (the "SEC") in connection with the filing of the Companies' joint
fidelity bond (the "Bond") pursuant to Rule 17g-1 of the Investment Company Act
of 1940, as amended, and the SEC is entitled to rely on this certificate for
purposes of the filing.

      2. The undersigned is duly elected, qualified and acting Assistant
Secretary of each Company, and has custody of the corporate records of each
Company and is a proper officer to make this certification.

      3. Attached hereto as Exhibit A is a copy of the form of resolutions of a
majority of the Board of Trustees who are not "interested persons" of each
Company approving the amount, type, form and coverage of the Bond and the
portion of the premium to be paid by each Company.

      4. Attached hereto as Exhibit B is a list of the amount of the single
insured bond which each Company would have provided and maintained had it not
been named as an insured under the Bond.

      5. Premiums have been paid for the period October 9, 2016 to October 9,
2017.

      IN WITNESS WHEREOF, the undersigned has caused this certificate to be
executed this 13th day of January, 2017.


                                          /s/ Kristi A. Maher
                                          --------------------------------------
                                          Kristi A. Maher, Assistant Secretary





                                   EXHIBIT A

  MACQUARIE/FIRST TRUST GLOBAL INFRASTRUCTURE/UTILITIES DIVIDEND & INCOME FUND
                FIRST TRUST SENIOR FLOATING RATE INCOME FUND II
                   FIRST TRUST ENERGY INCOME AND GROWTH FUND
                    FIRST TRUST ENHANCED EQUITY INCOME FUND
              FIRST TRUST/ABERDEEN GLOBAL OPPORTUNITY INCOME FUND
                        FIRST TRUST MORTGAGE INCOME FUND
                        FIRST TRUST EXCHANGE-TRADED FUND
                   FIRST TRUST STRATEGIC HIGH INCOME FUND II
                 FIRST TRUST/ABERDEEN EMERGING OPPORTUNITY FUND
         FIRST TRUST SPECIALTY FINANCE AND FINANCIAL OPPORTUNITIES FUND
                      FIRST TRUST EXCHANGE-TRADED FUND II
                  FIRST TRUST EXCHANGE-TRADED ALPHADEX(R) FUND
                      FIRST TRUST DIVIDEND AND INCOME FUND
                    FIRST TRUST HIGH INCOME LONG/SHORT FUND
                FIRST TRUST EXCHANGE-TRADED ALPHADEX(R) FUND II
                            FIRST TRUST SERIES FUND
                     FIRST TRUST ENERGY INFRASTRUCTURE FUND
                     FIRST TRUST MLP AND ENERGY INCOME FUND
           FIRST TRUST INTERMEDIATE DURATION PREFERRED & INCOME FUND
                      FIRST TRUST EXCHANGE-TRADED FUND IV
                      FIRST TRUST EXCHANGE TRADED FUND VI
                      FIRST TRUST VARIABLE INSURANCE TRUST
                      FIRST TRUST EXCHANGE-TRADED FUND III
                       FIRST TRUST EXCHANGE-TRADED FUND V
                      FIRST TRUST EXCHANGE-TRADED FUND VII
                FIRST TRUST NEW OPPORTUNITIES MLP & ENERGY FUND
                 FIRST TRUST DYNAMIC EUROPE EQUITY INCOME FUND
                     FIRST TRUST EXCHANGE-TRADED FUND VIII
             FIRST TRUST SENIOR FLOATING RATE 2022 TARGET TERM FUND

             RESOLUTIONS REGARDING INVESTMENT COMPANY BLANKET BOND

      RESOLVED, that the officers of the First Trust Series Fund, First Trust
Exchange-Traded Fund, First Trust Exchange-Traded Fund II, First Trust
Exchange-Traded AlphaDEX(R) Fund, First Trust Exchange-Traded AlphaDEX(R) Fund
II, Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income
Fund, First Trust Senior Floating Rate Income Fund II, First Trust Energy Income
and Growth Fund, First Trust Enhanced Equity Income Fund, First Trust/Aberdeen
Global Opportunity Income Fund, First Trust Mortgage Income Fund, First Trust
Strategic High Income Fund II, First Trust/Aberdeen Emerging Opportunity Fund,
First Trust Specialty Finance and Financial Opportunities Fund, First Trust
Dividend and Income Fund, First Trust High Income Long/Short Fund, First Trust
Energy Infrastructure Fund, First Trust MLP and Energy Income Fund, First Trust
Exchange-Traded Fund IV, First Trust Exchange Traded Fund VI, First Trust
Variable Insurance Trust, First Trust Exchange-Traded Fund III, First Trust
Intermediate Duration Preferred & Income Fund, First Trust Exchange-Traded Fund
V, First Trust Exchange-Traded Fund VII, First Trust New Opportunities MLP &
Energy Fund, First Trust Dynamic Europe Equity Income Fund, First Trust
Exchange-Traded Fund VIII and First Trust Senior Floating Rate 2022 Target Term
Fund (each a "Fund" and collectively the "Funds") be and they hereby are,
authorized and directed to make application for and maintain fidelity bond
coverage for the Funds, jointly with First Trust Advisors L.P., First Trust
Portfolios L.P. and such other First Trust managed funds as they, in their
judgment, shall deem advisable and to enter into an agreement with the other
parties concerning such coverage as required by Rule 17g-1(f) under the
Investment Company Act of 1940 (the "1940 Act"), such agreement being in
substantially the form presented to this meeting; and it is

      FURTHER RESOLVED, that fidelity bond coverage insuring the Funds in the
amount required by Rule 17g-1 under the 1940 Act, or such greater amounts as
officers of the Funds may from time to time determine in accordance with the
provisions of Rule 17g-1 under the 1940 Act, is hereby deemed to be reasonable
in form and amount as required by and considering all relevant factors as
provided in Rule 17g-1 and is hereby approved; and it is

      FURTHER RESOLVED, that each Fund's participation with other management
investment companies advised by First Trust Advisors in the purchase and
maintenance of fidelity bond coverage with ICI Mutual Insurance Company as
required by Rule 17g-1 under the 1940 Act, and the payment by the Funds of that
portion of the premium for such coverage as may be allocated to each Fund in
accordance with the premium allocation methodology approved by the Trustees at
this meeting, is hereby approved; and it is

      FURTHER RESOLVED, that the Secretary or any Assistant Secretary of the
Funds is hereby designated the officer to make the filings and give or cause to
be given the notices required by Paragraph (g) of Rule 17g-1 under the 1940 Act.





                                   EXHIBIT B

Each Company listed below would have provided and maintained a single insured
bond in the following amounts had it not been named as an insured under a joint
Fidelity Bond:


FIRST TRUST CLOSED-END FUNDS
    First Trust Senior Floating Rate Income Fund II                                                  $900,000
    First Trust Energy Income and Growth Fund                                                      $1,000,000
    First Trust Enhanced Equity Income Fund                                                          $750,000
    Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund                     $600,000
    First Trust/Aberdeen Global Opportunity Income Fund                                              $750,000
    First Trust Mortgage Income Fund                                                                 $400,000
    First Trust Strategic High Income Fund II                                                        $600,000
    First Trust/Aberdeen Emerging Opportunity Fund                                                   $450,000
    First Trust Specialty Finance and Financial Opportunities Fund                                   $525,000
    First Trust High Income Long/Short Fund                                                        $1,000,000
    First Trust Energy Infrastructure Fund                                                           $750,000
    First Trust MLP and Energy Income Fund                                                         $1,250,000
    First Trust Intermediate Duration Preferred & Income Fund                                      $1,250,000
    First Trust New Opportunities MLP & Energy Fund                                                  $750,000
    First Trust Dynamic Europe Equity Income Fund                                                    $750,000
    First Trust Senior Floating Rate 2022 Target Term Fund                                           $750,000
---------------------------------------------------------------------------------------------- -------------------
    Sub-Total                                                                                     $12,475,000

FIRST TRUST EXCHANGE-TRADED FUND
    First Trust Dow Jones Select MicroCap Index Fund                                                  N/A
    First Trust Morningstar Dividend Leaders Index Fund                                               N/A
    First Trust US IPO Index Fund                                                                     N/A
    First Trust NASDAQ-100 Equal Weighted Index Fund                                                  N/A
    First Trust NASDAQ-100-Technology Sector Index Fund                                               N/A
    First Trust NYSE Arca Biotechnology Index Fund                                                    N/A
    First Trust Dow Jones Internet Index Fund                                                         N/A
    First Trust Capital Strength ETF                                                                  N/A
    First Trust Total US Market AlphaDEX(R) ETF                                                       N/A
    First Trust Value Line(R) Dividend Index Fund                                                     N/A
    First Trust NASDAQ-100 Ex-Technology Sector Index Fund                                            N/A
    First Trust NASDAQ(R) Clean Edge(R) Green Energy Index Fund                                       N/A
    First Trust S&P REIT Index Fund                                                                   N/A
    First Trust ISE Water Index Fund                                                                  N/A
    First Trust ISE Revere Natural Gas Index Fund                                                     N/A
    First Trust ISE Chindia Index Fund                                                                N/A
    First Trust Value Line(R) 100 Exchange-Traded Fund                                                N/A
    First Trust NASDAQ ABA Community Bank Index Fund                                                  N/A
    First Trust CBOE S&P 500 VIX Tail Hedge Fund                                                      N/A
---------------------------------------------------------------------------------------------- -------------------
    Sub-Total                                                                                      $2,500,000

FIRST TRUST EXCHANGE-TRADED ALPHADEX(R) FUND
    First Trust Consumer Discretionary AlphaDEX(R) Fund                                              N/A
    First Trust Consumer Staples AlphaDEX(R) Fund                                                    N/A
    First Trust Energy AlphaDEX(R) Fund                                                              N/A
    First Trust Financials AlphaDEX(R) Fund                                                          N/A
    First Trust Health Care AlphaDEX(R) Fund                                                         N/A
    First Trust Industrials/Producer Durables AlphaDEX(R) Fund                                       N/A
    First Trust Materials AlphaDEX(R) Fund                                                           N/A
    First Trust Technology AlphaDEX(R) Fund                                                          N/A
    First Trust Utilities AlphaDEX(R) Fund                                                           N/A
    First Trust Large Cap Core AlphaDEX(R) Fund                                                      N/A
    First Trust Mid Cap Core AlphaDEX(R) Fund                                                        N/A
    First Trust Mid Cap Growth AlphaDEX(R) Fund                                                      N/A
    First Trust Mid Cap Value AlphaDEX(R) Fund                                                       N/A
    First Trust Small Cap Core AlphaDEX(R) Fund                                                      N/A
    First Trust Small Cap Value AlphaDEX(R) Fund                                                     N/A
    First Trust Small Cap Growth AlphaDEX(R) Fund                                                    N/A
    First Trust Large Cap Growth AlphaDEX(R) Fund                                                    N/A
    First Trust Multi Cap Value AlphaDEX(R) Fund                                                     N/A
    First Trust Multi Cap Growth AlphaDEX(R) Fund                                                    N/A
    First Trust Large Cap Value AlphaDEX(R) Fund                                                     N/A
    First Trust Mega Cap AlphaDEX(R) Fund                                                            N/A
---------------------------------------------------------------------------------------------- -------------------
    Sub-Total                                                                                      $2,500,000

FIRST TRUST EXCHANGE-TRADED FUND II
    First Trust FTSE EPRA/NAREIT Developed Markets Real Estate Index Fund                             N/A
    First Trust STOXX(R) European Select Dividend Index Fund                                          N/A
    First Trust Dow Jones Global Select Dividend Index Fund                                           N/A
    First Trust ISE Global Wind Energy Index Fund                                                     N/A
    First Trust ISE Global Engineering and Construction Index Fund                                    N/A
    First Trust NASDAQ(R) Clean Edge(R) Smart Grid Infrastructure Index Fund                          N/A
    First Trust Indxx Global Natural Resources Income ETF                                             N/A
    First Trust Indxx Global Agriculture ETF                                                          N/A
    First Trust BICK Index Fund                                                                       N/A
    First Trust ISE Cloud Computing Index Fund                                                        N/A
    First Trust Nasdaq Smartphone Index Fund                                                          N/A
    First Trust NASDAQ Global Auto Index Fund                                                         N/A
    First Trust International IPO ETF                                                                 N/A
    First Trust Nasdaq Cybersecurity ETF                                                              N/A
    First Trust ZyFin India Quality and Governance ETF                                                N/A
---------------------------------------------------------------------------------------------- -------------------
    Sub-Total                                                                                      $1,250,000

FIRST TRUST EXCHANGE-TRADED ALPHADEX(R) FUND II
    First Trust Developed Markets Ex-US AlphaDEX(R) Fund                                              N/A
    First Trust Emerging Markets AlphaDEX(R) Fund                                                     N/A
    First Trust Asia Pacific Ex-Japan AlphaDEX(R) Fund                                                N/A
    First Trust Europe AlphaDEX(R) Fund                                                               N/A
    First Trust Latin America AlphaDEX(R) Fund                                                        N/A
    First Trust Brazil AlphaDEX(R) Fund                                                               N/A
    First Trust China AlphaDEX(R) Fund                                                                N/A
    First Trust Japan AlphaDEX(R) Fund                                                                N/A
    First Trust South Korea AlphaDEX(R) Fund                                                          N/A
    First Trust Germany AlphaDEX(R) Fund                                                              N/A
    First Trust Canada AlphaDEX(R) Fund                                                               N/A
    First Trust Australia AlphaDEX(R) Fund                                                            N/A
    First Trust United Kingdom AlphaDEX(R) Fund                                                       N/A
    First Trust Taiwan AlphaDEX(R) Fund                                                               N/A
    First Trust Hong Kong AlphaDEX(R) Fund                                                            N/A
    First Trust Switzerland AlphaDEX(R) Fund                                                          N/A
    First Trust Emerging Markets Small Cap AlphaDEX(R) Fund                                           N/A
    First Trust Developed Markets ex-US Small Cap AlphaDEX(R) Fund                                    N/A
    First Trust Eurozone AlphaDEX(R) ETF                                                              N/A
---------------------------------------------------------------------------------------------- -------------------
    Sub-Total                                                                                      $1,250,000

FIRST TRUST EXCHANGE-TRADED FUND III
    First Trust Preferred Securities and Income ETF                                                   N/A
    First Trust Managed Municipal ETF                                                                 N/A
    First Trust Long/Short Equity ETF                                                                 N/A
    First Trust Emerging Markets Local Currency Bond ETF                                              N/A
    First Trust Horizon Managed Volatility Domestic ETF                                               N/A
    First Trust Horizon Managed Volatility Developed International ETF                                N/A
    First Trust RiverFront Dynamic Asia Pacific ETF                                                   N/A
    First Trust RiverFront Dynamic Developed International ETF                                        N/A
    First Trust RiverFront Dynamic Europe ETF                                                         N/A
    First Trust RiverFront Dynamic Emerging Markets ETF                                               N/A
---------------------------------------------------------------------------------------------- -------------------
    Sub-Total                                                                                      $1,500,000

FIRST TRUST EXCHANGE-TRADED FUND IV
    First Trust North American Energy Infrastructure Fund                                             N/A
    First Trust Tactical High Yield ETF                                                               N/A
    First Trust Senior Loan Fund                                                                      N/A
    First Trust Enhanced Short Maturity ETF                                                           N/A
    First Trust Strategic Income ETF                                                                  N/A
    First Trust Low Duration Opportunities ETF                                                        N/A
    First Trust SSI Strategic Convertible Securities ETF                                              N/A
    First Trust Heitman Global Prime Real Estate ETF                                                  N/A
---------------------------------------------------------------------------------------------- -------------------
    Sub-Total                                                                                      $2,500,000

FIRST TRUST EXCHANGE-TRADED FUND V
    First Trust Morningstar Managed Futures Strategy Fund                                             N/A
---------------------------------------------------------------------------------------------- -------------------
    Sub-Total                                                                                        $175,000

FIRST TRUST EXCHANGE-TRADED FUND VI
    Multi-Asset Diversified Income Index Fund                                                         N/A
    First Trust NASDAQ Technology Dividend Index Fund                                                 N/A
    International Multi-Asset Diversified Income Index Fund                                           N/A
    First Trust High Income ETF                                                                       N/A
    First Trust Low Beta Income ETF                                                                   N/A
    First Trust NASDAQ Rising Dividend Achievers ETF                                                  N/A
    First Trust Dorsey Wright Focus 5 ETF                                                             N/A
    First Trust RBA American Industrial Renaissance(TM) ETF                                           N/A
    First Trust RBA Quality Income ETF                                                                N/A
    First Trust Dorsey Wright International Focus 5 ETF                                               N/A
    First Trust Dorsey Wright Dynamic Focus 5 ETF                                                     N/A
    First Trust Nasdaq Bank ETF                                                                       N/A
    First Trust Nasdaq Food & Beverage ETF                                                            N/A
    First Trust Nasdaq Oil & Gas ETF                                                                  N/A
    First Trust Nasdaq Pharmaceuticals ETF                                                            N/A
    First Trust Nasdaq Retail ETF                                                                     N/A
    First Trust Nasdaq Semiconductor ETF                                                              N/A
    First Trust Nasdaq Transportation ETF                                                             N/A
---------------------------------------------------------------------------------------------- -------------------
    Sub-Total                                                                                      $2,500,000

FIRST TRUST EXCHANGE-TRADED FUND VII
     First Trust Global Tactical Commodity Strategy Fund                                              N/A
     First Trust Alternative Absolute Return Strategy ETF                                             N/A
---------------------------------------------------------------------------------------------- -------------------
     Sub-Total                                                                                       $600,000

FIRST TRUST EXCHANGE-TRADED FUND VIII
     First Trust CEF Income Opportunity ETF                                                           N/A
     First Trust Municipal CEF Income Opportunity ETF                                                 N/A
     First Trust Long/Short Currency Strategy ETF                                                     N/A
---------------------------------------------------------------------------------------------- -------------------
     Sub-Total                                                                                       $250,000

FIRST TRUST SERIES FUND
    First Trust Preferred Securities and Income Fund                                                  N/A
    First Trust/Confluence Small Cap Value Fund                                                       N/A
    First Trust Short Duration High Income Fund                                                       N/A
    First Trust AQA(R) Equity Fund                                                                    N/A
---------------------------------------------------------------------------------------------- -------------------
    Sub-Total                                                                                        $750,000

FIRST TRUST VARIABLE INSURANCE TRUST
    First Trust/Dow Jones Dividend & Income Allocation Portfolio                                      N/A
    First Trust Multi Income Allocation Portfolio                                                     N/A
    First Trust Dorsey Wright Tactical Core Portfolio                                                 N/A
---------------------------------------------------------------------------------------------- -------------------
    Sub-Total                                                                                        $900,000

    GRAND TOTAL                                                                                   $29,150,000
BLANKET BOND INSURANCE AGREEMENT

      THIS AGREEMENT is made as of the 13th day of January 2017, by and among
the investment companies listed in Appendix A (collectively referred to herein
as the "Funds"), First Trust Advisors L.P. (the "Advisor") and First Trust
Portfolios L.P. (collectively, with the Advisor and the Funds referred to as the
"Parties").

                                  WITNESSETH:

      WHEREAS, the Parties have agreed to acquire a joint insured policy (the
"Policy") issued by ICI Mutual Insurance Company containing broker's blanket
bond coverage ("Blanket Bond Coverage") which shall cover all Parties;

      WHEREAS, the total amount of the Blanket Bond Coverage under the Policy
will be $30,000,000 ("Bond Amount") based upon the determination of each Fund's
Board of Trustees that such insured Parties should have an amount of coverage,
in the aggregate, of at least $29,150,000 ("Basic Bond Coverage") as provided in
Appendix B;

      WHEREAS, the Parties desire to provide herein for an allocation of the
premiums for the Blanket Bond Coverage and a manner of allocating any loss
proceeds received under the Policy.

         The Parties, therefore, agree that:

       1. Allocation of Blanket Bond Coverage Premium. Each Party shall pay a
proportionate share of the Blanket Bond Coverage annual premium based on the
allocation as set forth in Appendix C.

       2. Losses.

      (a) General. The Policy is a "claims made" insurance policy and a Policy
Year is the period from October 9th to the next succeeding October 9th (or any
modification of that period as may be agreed by the Parties and the insurer).
The insured loss (including all related expenses) of a Party which relates to a
claim made by that Party relating to a particular Policy Year under the Blanket
Bond Coverage is hereinafter referred to as a "Blanket Bond Loss." Party
includes the trustees and officers of an insured Party and other insured agents
or employees of such a Party.

      (b) Blanket Bond Loss. If only one insured Party incurs a Blanket Bond
Loss relating to a Policy Year, the proceeds of the Blanket Bond Coverage for
that Policy Year will be allocated to that Party. If more than one insured Party
incurs a Blanket Bond Loss relating to a particular Policy Year, the proceeds of
the Blanket Bond Coverage for that Policy Year will first be allocated among
those insured Parties in proportion to their respective premiums paid under
Paragraph 1 hereof for Blanket Bond Coverage. If, for that particular Policy
Year, after initial allocation, there are remaining proceeds of the Blanket Bond
Coverage and there are then insured Parties whose Blanket Bond Losses have not
been paid in full, such proceeds shall be further allocated among such insured
Parties in proportion to their respective premiums paid for such Coverage
(repeating this further allocation procedure as each of such insured Parties is
paid in full, until all proceeds have been allocated). If all Blanket Bond
Losses relating to a particular Policy Year are not paid at the same time, the
insured Parties who claim such Losses for that Policy Year shall make such
provisions as they deem suitable to the particular circumstances (taking into
account the size of any payment received, the size, nature and expected result
of any remaining claims, and all other relevant factors) to permit a later
re-allocation of amounts first paid. In no event shall any insured Party that
incurs a Blanket Bond Loss relating to a Policy Year which equals or exceeds its
Basic Bond Coverage be allocated proceeds of the Blanket Bond Coverage for that
particular Policy Year in an amount less than its Basic Bond Coverage.

       3. Notices. Each Party agrees to give promptly to the insurer all notices
required under the Policy.

       4. Agent. The Advisor is hereby appointed as the agent for all of the
Parties for the purpose of making, adjusting, receiving and enforcing payment of
all claims under the Policy and otherwise dealing with the insurer with respect
to the Policy. All expenses incurred by the Advisor in its capacity as agent for
claims shall be shared by the Parties (including the Advisor) in the same manner
as above provided for the sharing of Losses.

       5. Modification and Termination. This Agreement may be modified or
amended from time to time by mutual written agreement among all of the Parties.
It may be terminated with respect to any one Party by not less than 60 days'
written notice to the other Parties which are still parties to the Agreement. It
shall terminate with respect to any Party as of the date that Party ceases to be
an insured under the Policy; provided that such termination shall not affect
that Party's rights and obligations hereunder with respect to any claims on
behalf of that Party which are paid under the Policy by the insurer after the
date the Party ceases to be an insured under the Policy.

       6. Further Assurances. Each Party agrees to perform such further acts and
execute such further documents as are necessary to effectuate the purposes
hereof.





      IN WITNESS WHEREOF, the Parties have caused this Agreement to be executed
as of the day and year first above written.

First Trust Energy Income and Growth Fund
First Trust Enhanced Equity Income Fund
First Trust Senior Floating Rate Income Fund II
Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund
First Trust/Aberdeen Global Opportunity Income Fund
First Trust Mortgage Income Fund
First Trust Strategic High Income Fund II
First Trust/Aberdeen Emerging Opportunity Fund
First Trust Specialty Finance and Financial Opportunities Fund
First Trust High Income Long/Short Fund
First Trust Energy Infrastructure Fund
First Trust MLP and Energy Income Fund
First Trust Intermediate Duration Preferred & Income Fund
First Trust New Opportunities MLP & Energy Fund
First Trust Dynamic Europe Equity Income Fund
First Trust Senior Floating Rate 2022 Target Term Fund
First Trust Exchange-Traded Fund
First Trust Exchange-Traded Fund II
First Trust Exchange-Traded Fund III
First Trust Exchange-Traded Fund IV
First Trust Exchange-Traded Fund V
First Trust Exchange-Traded Fund VI
First Trust Exchange-Traded Fund VII
First Trust Exchange-Traded Fund VIII
First Trust Exchange-Traded AlphaDEX(R) Fund
First Trust Exchange-Traded AlphaDEX(R) Fund II
First Trust Series Fund
First Trust Variable Insurance Trust


By /s/ Kristi A. Maher
   ------------------------------------
   Kristi A. Maher, Assistant Secretary


First Trust Advisors L.P.
First Trust Portfolios L.P.


By /s/ Kristi A. Maher
   ---------------------------------------
   Kristi A. Maher, Deputy General Counsel





                                   APPENDIX A

CLOSED-END FUNDS
   First Trust Energy Income and Growth Fund
   First Trust Enhanced Equity Income Fund
   First Trust Senior Floating Rate Income Fund II 
   Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund
   First Trust/Aberdeen Global Opportunity Income Fund
   First Trust Mortgage Income Fund
   First Trust Strategic High Income Fund II
   First Trust/Aberdeen Emerging Opportunity Fund
   First Trust Specialty Finance and Financial Opportunities Fund
   First Trust High Income Long/Short Fund
   First Trust Energy Infrastructure Fund
   First Trust MLP and Energy Income Fund
   First Trust Intermediate Duration Preferred & Income Fund
   First Trust New Opportunities MLP & Energy Fund
   First Trust Dynamic Europe Equity Income Fund
   First Trust Senior Floating Rate 2022 Target Term Fund

EXCHANGE-TRADED FUNDS
First Trust Exchange-Traded Fund
   First Trust Dow Jones Select MicroCap Index Fund 
   First Trust Morningstar Dividend Leaders Index Fund
   First Trust US IPO Index Fund
   First Trust NASDAQ-100 Equal Weighted Index Fund
   First Trust NASDAQ-100-Technology Sector Index Fund
   First Trust NYSE Arca Biotechnology Index Fund
   First Trust Dow Jones Internet Index Fund
   First Trust Capital Strength ETF
   First Trust Total US Market AlphaDEX(R) ETF
   First Trust Value Line(R) Dividend Index Fund
   First Trust NASDAQ-100 Ex-Technology Sector Index Fund
   First Trust NASDAQ(R) Clean Edge(R) Green Energy Index Fund
   First Trust S&P REIT Index Fund
   First Trust ISE Water Index Fund
   First Trust ISE Revere Natural Gas Index Fund
   First Trust ISE Chindia Index Fund
   First Trust Value Line(R) 100 Exchange-Traded Fund
   First Trust NASDAQ ABA Community Bank Index Fund
   First Trust CBOE S&P 500 VIX Tail Hedge Index Fund
   
First Trust Exchange-Traded Fund II
   First Trust FTSE EPRA/NAREIT Developed Markets Real Estate Index Fund
   First Trust STOXX(R) European Select Dividend Index Fund
   First Trust Dow Jones Global Select Dividend Index Fund
   First Trust ISE Global Wind Energy Index Fund
   First Trust ISE Global Engineering and Construction Index Fund
   First Trust NASDAQ(R) Clean Edge(R) Smart Grid Infrastructure Index Fund
   First Trust Indxx Global Natural Resources Income ETF
   First Trust Indxx Global Agriculture ETF
   First Trust BICK Index Fund
   First Trust ISE Cloud Computing Index Fund
   First Trust Nasdaq Smartphone Index Fund
   First Trust NASDAQ Global Auto Index Fund
   First Trust International IPO ETF
   First Trust Nasdaq Cybersecurity ETF
   First Trust ZyFin India Quality and Governance ETF

First Trust Exchange-Traded AlphaDEX(R) Fund
   First Trust Consumer Discretionary AlphaDEX(R) Fund
   First Trust Consumer Staples AlphaDEX(R) Fund
   First Trust Energy AlphaDEX(R) Fund
   First Trust Financials AlphaDEX(R) Fund
   First Trust Health Care AlphaDEX(R) Fund
   First Trust Industrials/Producer Durables AlphaDEX(R) Fund
   First Trust Materials AlphaDEX(R) Fund
   First Trust Technology AlphaDEX(R) Fund
   First Trust Utilities AlphaDEX(R) Fund
   First Trust Large Cap Core AlphaDEX(R) Fund
   First Trust Mid Cap Core AlphaDEX(R) Fund
   First Trust Mid Cap Growth AlphaDEX(R) Fund
   First Trust Mid Cap Value AlphaDEX(R) Fund
   First Trust Small Cap Core AlphaDEX(R) Fund
   First Trust Small Cap Value AlphaDEX(R) Fund
   First Trust Small Cap Growth AlphaDEX(R) Fund
   First Trust Large Cap Value AlphaDEX(R) Fund
   First Trust Large Cap Growth AlphaDEX(R) Fund
   First Trust Multi Cap Value AlphaDEX(R) Fund
   First Trust Multi Cap Growth AlphaDEX(R) Fund
   First Trust Mega Cap AlphaDEX(R) Fund

First Trust Exchange-Traded AlphaDEX(R) Fund II
   First Trust Asia Pacific Ex-Japan AlphaDEX(R) Fund
   First Trust Europe AlphaDEX(R) Fund
   First Trust Latin America AlphaDEX(R) Fund
   First Trust Brazil AlphaDEX(R) Fund
   First Trust China AlphaDEX(R) Fund
   First Trust Japan AlphaDEX(R) Fund
   First Trust South Korea AlphaDEX(R) Fund
   First Trust Developed Markets Ex-US AlphaDEX(R) Fund
   First Trust Emerging Markets AlphaDEX(R) Fund
   First Trust Germany AlphaDEX(R) Fund
   First Trust Canada AlphaDEX(R) Fund
   First Trust Australia AlphaDEX(R) Fund
   First Trust United Kingdom AlphaDEX(R) Fund
   First Trust Taiwan AlphaDEX(R) Fund
   First Trust Hong Kong AlphaDEX(R) Fund
   First Trust Switzerland AlphaDEX(R) Fund
   First Trust Emerging Markets Small Cap AlphaDEX(R) Fund
   First Trust Developed Markets ex-US Small Cap AlphaDEX(R) Fund
   First Trust Eurozone AlphaDEX(R) ETF

First Trust Exchange-Traded Fund III
   First Trust Preferred Securities and Income ETF
   First Trust Managed Municipal ETF
   First Trust Long/Short Equity ETF
   First Trust Emerging Markets Local Currency Bond ETF
   First Trust Horizon Managed Volatility Domestic ETF
   First Trust Horizon Managed Volatility Developed International ETF
   First Trust RiverFront Dynamic Asia Pacific ETF
   First Trust RiverFront Dynamic Developed International ETF
   First Trust RiverFront Dynamic Europe ETF
   First Trust RiverFront Dynamic Emerging Markets ETF
   
First Trust Exchange-Traded Fund IV
   First Trust North American Energy Infrastructure Fund
   First Trust Tactical High Yield ETF
   First Trust Senior Loan Fund
   First Trust Enhanced Short Maturity ETF
   First Trust Strategic Income ETF
   First Trust Low Duration Opportunities ETF
   First Trust SSI Strategic Convertible Securities ETF
   First Trust Heitman Global Prime Real Estate ETF
   
First Trust Exchange-Traded Fund V
   First Trust Morningstar Managed Futures Strategy Fund

First Trust Exchange-Traded Fund VI
   Multi-Asset Diversified Income Index Fund
   First Trust NASDAQ Technology Dividend Index Fund
   International Multi-Asset Diversified Income Index Fund
   First Trust High Income ETF
   First Trust Low Beta Income ETF
   First Trust NASDAQ Rising Dividend Achievers ETF
   First Trust Dorsey Wright Focus 5 ETF
   First Trust RBA American Industrial Renaissance(TM) ETF
   First Trust RBA Quality Income ETF
   First Trust Dorsey Wright International Focus 5 ETF
   First Trust Dorsey Wright Dynamic Focus 5 ETF
   First Trust Nasdaq Bank ETF
   First Trust Nasdaq Food & Beverage ETF
   First Trust Nasdaq Oil & Gas ETF
   First Trust Nasdaq Pharmaceuticals ETF
   First Trust Nasdaq Retail ETF
   First Trust Nasdaq Semiconductor ETF
   First Trust Nasdaq Transportation ETF

First Trust Exchange-Traded Fund VII
   First Trust Global Tactical Commodity Strategy Fund
   First Trust Alternative Absolute Return Strategy ETF

First Trust Exchange-Traded Fund VIII
   First Trust CEF Income Opportunity ETF
   First Trust Municipal CEF Income Opportunity ETF
   First Trust Long/Short Currency Strategy ETF

OPEN END FUNDS
First Trust Series Fund
   First Trust Preferred Securities and Income Fund
   First Trust/Confluence Small Cap Value Fund
   First Trust Short Duration High Income Fund
   First Trust AQA(R) Equity Fund

First Trust Variable Insurance Trust
   First Trust/Dow Jones Dividend & Income Allocation Portfolio
   First Trust Multi Income Allocation Portfolio
   First Trust Dorsey Wright Tactical Core Portfolio





                                   APPENDIX B


FIRST TRUST CLOSED-END FUNDS
    First Trust Senior Floating Rate Income Fund II                                                  $900,000
    First Trust Energy Income and Growth Fund                                                      $1,000,000
    First Trust Enhanced Equity Income Fund                                                          $750,000
    Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund                     $600,000
    First Trust/Aberdeen Global Opportunity Income Fund                                              $750,000
    First Trust Mortgage Income Fund                                                                 $400,000
    First Trust Strategic High Income Fund II                                                        $600,000
    First Trust/Aberdeen Emerging Opportunity Fund                                                   $450,000
    First Trust Specialty Finance and Financial Opportunities Fund                                   $525,000
    First Trust High Income Long/Short Fund                                                        $1,000,000
    First Trust Energy Infrastructure Fund                                                           $750,000
    First Trust MLP and Energy Income Fund                                                         $1,250,000
    First Trust Intermediate Duration Preferred & Income Fund                                      $1,250,000
    First Trust New Opportunities MLP & Energy Fund                                                  $750,000
    First Trust Dynamic Europe Equity Income Fund                                                    $750,000
    First Trust Senior Floating Rate 2022 Target Term Fund                                           $750,000
---------------------------------------------------------------------------------------------- -------------------
    Sub-Total                                                                                     $12,475,000

FIRST TRUST EXCHANGE-TRADED FUND
    First Trust Dow Jones Select MicroCap Index Fund                                                  N/A
    First Trust Morningstar Dividend Leaders Index Fund                                               N/A
    First Trust US IPO Index Fund                                                                     N/A
    First Trust NASDAQ-100 Equal Weighted Index Fund                                                  N/A
    First Trust NASDAQ-100-Technology Sector Index Fund                                               N/A
    First Trust NYSE Arca Biotechnology Index Fund                                                    N/A
    First Trust Dow Jones Internet Index Fund                                                         N/A
    First Trust Capital Strength ETF                                                                  N/A
    First Trust Total US Market AlphaDEX(R) ETF                                                       N/A
    First Trust Value Line(R) Dividend Index Fund                                                     N/A
    First Trust NASDAQ-100 Ex-Technology Sector Index Fund                                            N/A
    First Trust NASDAQ(R) Clean Edge(R) Green Energy Index Fund                                       N/A
    First Trust S&P REIT Index Fund                                                                   N/A
    First Trust ISE Water Index Fund                                                                  N/A
    First Trust ISE Revere Natural Gas Index Fund                                                     N/A
    First Trust ISE Chindia Index Fund                                                                N/A
    First Trust Value Line(R) 100 Exchange-Traded Fund                                                N/A
    First Trust NASDAQ ABA Community Bank Index Fund                                                  N/A
    First Trust CBOE S&P 500 VIX Tail Hedge Fund                                                      N/A
---------------------------------------------------------------------------------------------- -------------------
    Sub-Total                                                                                      $2,500,000

FIRST TRUST EXCHANGE-TRADED ALPHADEX(R) FUND
    First Trust Consumer Discretionary AlphaDEX(R) Fund                                               N/A
    First Trust Consumer Staples AlphaDEX(R) Fund                                                     N/A
    First Trust Energy AlphaDEX(R) Fund                                                               N/A
    First Trust Financials AlphaDEX(R) Fund                                                           N/A
    First Trust Health Care AlphaDEX(R) Fund                                                          N/A
    First Trust Industrials/Producer Durables AlphaDEX(R) Fund                                        N/A
    First Trust Materials AlphaDEX(R) Fund                                                            N/A
    First Trust Technology AlphaDEX(R) Fund                                                           N/A
    First Trust Utilities AlphaDEX(R) Fund                                                            N/A
    First Trust Large Cap Core AlphaDEX(R) Fund                                                       N/A
    First Trust Mid Cap Core AlphaDEX(R) Fund                                                         N/A
    First Trust Mid Cap Growth AlphaDEX(R) Fund                                                       N/A
    First Trust Small Cap Core AlphaDEX(R) Fund                                                       N/A
    First Trust Small Cap Value AlphaDEX(R) Fund                                                      N/A
    First Trust Small Cap Growth AlphaDEX(R) Fund                                                     N/A
    First Trust Large Cap Value AlphaDEX(R) Fund                                                      N/A
    First Trust Large Cap Growth AlphaDEX(R) Fund                                                     N/A
    First Trust Mega Cap AlphaDEX(R) Fund                                                             N/A
---------------------------------------------------------------------------------------------- -------------------
    Sub-Total                                                                                      $2,500,000

FIRST TRUST EXCHANGE-TRADED FUND II
    First Trust FTSE EPRA/NAREIT Developed Markets Real Estate Index Fund                             N/A
    First Trust STOXX(R) European Select Dividend Index Fund                                          N/A
    First Trust Dow Jones Global Select Dividend Index Fund                                           N/A
    First Trust ISE Global Wind Energy Index Fund                                                     N/A
    First Trust ISE Global Engineering and Construction Index Fund                                    N/A
    First Trust NASDAQ(R) Clean Edge(R) Smart Grid Infrastructure Index Fund                          N/A
    First Trust Indxx Global Natural Resources Income ETF                                             N/A
    First Trust Indxx Global Agriculture ETF                                                          N/A
    First Trust BICK Index Fund                                                                       N/A
    First Trust ISE Cloud Computing Index Fund                                                        N/A
    First Trust Nasdaq Smartphone Index Fund                                                          N/A
    First Trust NASDAQ Global Auto Index Fund                                                         N/A
    First Trust International IPO ETF                                                                 N/A
    First Trust Nasdaq Cybersecurity ETF                                                              N/A
    First Trust ZyFin India Quality and Governance ETF                                                N/A
---------------------------------------------------------------------------------------------- -------------------
    Sub-Total                                                                                      $1,250,000

FIRST TRUST EXCHANGE-TRADED FUND III
    First Trust Preferred Securities and Income ETF                                                   N/A
    First Trust Managed Municipal ETF                                                                 N/A
    First Trust Long/Short Equity ETF                                                                 N/A
    First Trust Emerging Markets Local Currency Bond ETF                                              N/A
    First Trust Horizon Managed Volatility Domestic ETF                                               N/A
    First Trust Horizon Managed Volatility Developed International ETF                                N/A
    First Trust RiverFront Dynamic Asia Pacific ETF                                                   N/A
    First Trust RiverFront Dynamic Developed International ETF                                        N/A
    First Trust RiverFront Dynamic Europe ETF                                                         N/A
    First Trust RiverFront Dynamic Emerging Markets ETF                                               N/A
---------------------------------------------------------------------------------------------- -------------------
    Sub-Total                                                                                      $1,500,000

FIRST TRUST EXCHANGE-TRADED ALPHADEX(R) FUND II
    First Trust Developed Markets Ex-US AlphaDEX(R) Fund                                              N/A
    First Trust Emerging Markets AlphaDEX(R) Fund                                                     N/A
    First Trust Asia Pacific Ex-Japan AlphaDEX(R) Fund                                                N/A
    First Trust Europe AlphaDEX(R) Fund                                                               N/A
    First Trust Latin America AlphaDEX(R) Fund                                                        N/A
    First Trust Brazil AlphaDEX(R) Fund                                                               N/A
    First Trust China AlphaDEX(R) Fund                                                                N/A
    First Trust Japan AlphaDEX(R) Fund                                                                N/A
    First Trust South Korea AlphaDEX(R) Fund                                                          N/A
    First Trust Germany AlphaDEX(R) Fund                                                              N/A
    First Trust Canada AlphaDEX(R) Fund                                                               N/A
    First Trust Australia AlphaDEX(R) Fund                                                            N/A
    First Trust United Kingdom AlphaDEX(R) Fund                                                       N/A
    First Trust Taiwan AlphaDEX(R) Fund                                                               N/A
    First Trust Hong Kong AlphaDEX(R) Fund                                                            N/A
    First Trust Switzerland AlphaDEX(R) Fund                                                          N/A
    First Trust Emerging Markets Small Cap AlphaDEX(R) Fund                                           N/A
    First Trust Developed Markets ex-US Small Cap AlphaDEX(R) Fund                                    N/A
    First Trust Eurozone AlphaDEX(R) ETF                                                              N/A
---------------------------------------------------------------------------------------------- -------------------
    Sub-Total                                                                                      $1,250,000

FIRST TRUST EXCHANGE-TRADED FUND IV
    First Trust North American Energy Infrastructure Fund                                             N/A
    First Trust Tactical High Yield ETF                                                               N/A
    First Trust Senior Loan Fund                                                                      N/A
    First Trust Enhanced Short Maturity ETF                                                           N/A
    First Trust Strategic Income ETF                                                                  N/A
    First Trust Low Duration Opportunities ETF                                                        N/A
    First Trust SSI Strategic Convertible Securities ETF                                              N/A
    First Trust Heitman Global Prime Real Estate ETF                                                  N/A
---------------------------------------------------------------------------------------------- -------------------
    Sub-Total                                                                                      $2,500,000

FIRST TRUST EXCHANGE-TRADED FUND V
    First Trust Morningstar Managed Futures Strategy Fund                                             N/A
---------------------------------------------------------------------------------------------- -------------------
    Sub-Total                                                                                        $175,000

FIRST TRUST EXCHANGE-TRADED FUND VI
    Multi-Asset Diversified Income Index Fund                                                         N/A
    First Trust NASDAQ Technology Dividend Index Fund                                                 N/A
    International Multi-Asset Diversified Income Index Fund                                           N/A
    First Trust High Income ETF                                                                       N/A
    First Trust Low Beta Income ETF                                                                   N/A
    First Trust NASDAQ Rising Dividend Achievers ETF                                                  N/A
    First Trust Dorsey Wright Focus 5 ETF                                                             N/A
    First Trust RBA American Industrial Renaissance(TM) ETF                                           N/A
    First Trust RBA Quality Income ETF                                                                N/A
    First Trust Dorsey Wright International Focus 5 ETF                                               N/A
    First Trust Dorsey Wright Dynamic Focus 5 ETF                                                     N/A
    First Trust Nasdaq Bank ETF                                                                       N/A
    First Trust Nasdaq Food & Beverage ETF                                                            N/A
    First Trust Nasdaq Oil & Gas ETF                                                                  N/A
    First Trust Nasdaq Pharmaceuticals ETF                                                            N/A
    First Trust Nasdaq Retail ETF                                                                     N/A
    First Trust Nasdaq Semiconductor ETF                                                              N/A
    First Trust Nasdaq Transportation ETF                                                             N/A
---------------------------------------------------------------------------------------------- -------------------
    Sub-Total                                                                                      $2,500,000

FIRST TRUST EXCHANGE-TRADED FUND VII
     First Trust Global Tactical Commodity Strategy Fund                                              N/A
     First Trust Alternative Absolute Return Strategy ETF                                             N/A
---------------------------------------------------------------------------------------------- -------------------
     Sub-Total                                                                                       $600,000

FIRST TRUST EXCHANGE-TRADED FUND VIII
     First Trust CEF Income Opportunity ETF                                                           N/A
     First Trust Municipal CEF Income Opportunity ETF                                                 N/A
     First Trust Long/Short Currency Strategy ETF                                                     N/A
---------------------------------------------------------------------------------------------- -------------------
     Sub-Total                                                                                       $250,000

FIRST TRUST SERIES FUND
    First Trust Preferred Securities and Income Fund                                                  N/A
    First Trust/Confluence Small Cap Value Fund                                                       N/A
    First Trust Short Duration High Income Fund                                                       N/A
    First Trust AQA(R) Equity Fund                                                                    N/A
---------------------------------------------------------------------------------------------- -------------------
    Sub-Total                                                                                        $750,000

FIRST TRUST VARIABLE INSURANCE TRUST
    First Trust/Dow Jones Dividend & Income Allocation Portfolio                                      N/A
    First Trust Multi Income Allocation Portfolio                                                     N/A
    First Trust Dorsey Wright Tactical Core Portfolio                                                 N/A
---------------------------------------------------------------------------------------------- -------------------
    Sub-Total                                                                                        $900,000

    GRAND TOTAL                                                                                   $29,150,000
APPENDIX C PREMIUM FIRST TRUST CLOSED-END FUNDS First Trust Energy Infrastructure Fund $753 First Trust High Income Long/Short Fund $984 Macquarie/First Trust Global Opportunity Dividend & Income Fund $264 First Trust Senior Floating Rate Income Fund II $866 First Trust Energy Income and Growth Fund $1,075 First Trust Enhanced Equity Income Fund $473 First Trust/Aberdeen Global Opportunity Income Fund $489 First Trust Mortgage Income Fund $103 First Trust Strategic High Income Fund II $250 First Trust/Aberdeen Emerging Opportunity Fund $153 First Trust/ Specialty Finance and Financial Opportunities Fund $194 First Trust Dividend and Income Fund $143 First Trust MLP and Energy Income Fund $1,490 First Trust Intermediate Duration Preferred & Income Fund $3,297 First Trust New Opportunities MLP & Energy Fund $671 First Trust Dynamic Europe Equity Income Fund $632 First Trust Senior Floating Rate 2022 Target Term Fund $0 ---------------------------------------------------------------------------------------------- ----------------- Total $11,837 FIRST TRUST EXCHANGE-TRADED FUND First Trust Dow Jones Select MicroCap Index Fund $78 First Trust Morningstar Dividend Leaders Index Fund $2,748 First Trust US IPO Index Fund $914 First Trust NASDAQ-100 Equal Weighted Index Fund $592 First Trust NASDAQ-100 Technology Sector Index Fund $548 First Trust Dow Jones Internet Index Fund $5,833 First Trust NYSE Arca Biotechnology Index Fund $1,387 First Trust Capital Strength ETF $414 First Trust NASDAQ-100 Ex-Technology Sector Index Fund $185 First Trust NASDAQ(R) Clean Edge(R) Green Energy Index Fund $83 First Trust NASDAQ(R) ABA Community Bank Index Fund $276 First Trust ISE Water Index Fund $240 First Trust ISE-Revere Natural Gas Index Fund $403 First Trust ISE Chindia Index Fund $257 First Trust S&P REIT Index Fund $599 First Trust Total US Market AlphaDEX(R) ETF $14 First Trust Value Line(R) Dividend Index Fund $3,963 First Trust Value Line(R) 100 Exchange-Traded Fund $84 First Trust CBOE S&P 500 VIX Tail Hedge Fund $6 ---------------------------------------------------------------------------------------------- ----------------- Total $18,624 FIRST TRUST EXCHANGE-TRADED FUND II First Trust STOXX(R) European Select Dividend Index Fund $260 First Trust FTSE EPRA/NAREIT Developed Markets Real Estate Fund $114 First Trust Dow Jones Global Select Dividend $537 First Trust ISE Global Wind Energy Index Fund $138 First Trust ISE Global Engineering and Construction Index Fund $23 First Trust NASDAQ(R) Clean Edge(R) Smart Grid Infrastructure Index Fund $22 First Trust Indxx Global Natural Resources Income ETF $17 First Trust Indxx Global Agriculture ETF $6 First Trust BICK Index Fund $13 First Trust Nasdaq Smartphone Index Fund $16 First Trust NASDAQ Global Auto Index Fund $34 First Trust ISE Cloud Computing Index Fund $923 First Trust International IPO ETF $4 First Trust Nasdaq Cybersecurity ETF $160 First Trust ZyFin India Quality and Governance ETF $0 ---------------------------------------------------------------------------------------------- ----------------- Total $2,267 FIRST TRUST EXCHANGE-TRADED ALPHADEX(R) FUND First Trust Large Cap Core AlphaDEX(R) Fund $2,228 First Trust Mid Cap Core AlphaDEX(R) Fund $1,016 First Trust Small Cap Core AlphaDEX(R) Fund $705 First Trust Large Cap Value AlphaDEX(R) Fund $1,273 First Trust Large Cap Growth AlphaDEX(R) Fund $965 First Trust Multi Cap Value AlphaDEX(R) Fund $164 First Trust Multi Cap Growth AlphaDEX(R) Fund $138 First Trust Consumer Discretionary AlphaDEX(R) Fund $2,768 First Trust Consumer Staples AlphaDEX(R) Fund $3,658 First Trust Energy AlphaDEX(R) Fund $2,351 First Trust Financials AlphaDEX(R) Fund $1,228 First Trust Health Care AlphaDEX(R) Fund $1,777 First Trust Industrials AlphaDEX(R) Fund $274 First Trust Materials AlphaDEX(R) Fund $518 First Trust Technology AlphaDEX(R) Fund $821 First Trust Utilities AlphaDEX(R) Fund $2,701 First Trust Mid Cap Growth AlphaDEX(R) Fund $152 First Trust Mid Cap Value AlphaDEX(R) Fund $77 First Trust Small Cap Growth AlphaDEX(R) Fund $99 First Trust Small Cap Value AlphaDEX(R) Fund $90 First Trust Mega Cap AlphaDEX(R) Fund $24 ---------------------------------------------------------------------------------------------- ----------------- Total $23,027 FIRST TRUST EXCHANGE-TRADED ALPHADEX(R) FUND II First Trust Developed Markets Ex-US AlphaDEX(R) Fund $357 First Trust Emerging Markets AlphaDEX(R) Fund $212 First Trust Asia Pacific Ex-Japan AlphaDEX(R) Fund $55 First Trust Europe AlphaDEX(R) Fund $440 First Trust Latin America AlphaDEX(R) Fund $181 First Trust Brazil AlphaDEX(R) Fund $192 First Trust China AlphaDEX(R) Fund $6 First Trust Japan AlphaDEX(R) Fund $86 First Trust South Korea AlphaDEX(R) Fund $30 First Trust Germany AlphaDEX(R) Fund $188 First Trust Canada AlphaDEX(R) Fund $11 First Trust Australia AlphaDEX(R) Fund $2 First Trust United Kingdom AlphaDEX(R) Fund $62 First Trust Taiwan AlphaDEX(R) Fund $5 First Trust Hong Kong AlphaDEX(R) Fund $14 First Trust Switzerland AlphaDEX(R) Fund $191 First Trust Developed Markets ex-US Small Cap AlphaDEX(R) Fund $11 First Trust Emerging Markets Small Cap AlphaDEX(R) Fund $160 First Trust Eurozone AlphaDEX(R) ETF $13 ---------------------------------------------------------------------------------------------- ----------------- Total $2,216 FIRST TRUST EXCHANGE-TRADED FUND III First Trust Preferred Securities and Income ETF $1,959 First Trust Managed Municipal ETF $128 First Trust Long/Short Equity ETF $179 First Trust Emerging Markets Local Currency Bond ETF $20 First Trust Horizon Managed Volatility Domestic ETF $13 First Trust Horizon Managed Volatility Developed International ETF $9 First Trust RiverFront Dynamic Asia Pacific ETF $41 First Trust RiverFront Dynamic Developed International ETF $41 First Trust RiverFront Dynamic Europe ETF $41 First Trust RiverFront Dynamic Emerging Markets ETF $9 ---------------------------------------------------------------------------------------------- ----------------- Total $2,440 FIRST TRUST EXCHANGE-TRADED FUND IV First Trust North American Energy Infrastructure Fund $2,186 First Trust Tactical High Yield ETF $1,650 First Trust Senior Loan Fund $836 First Trust Enhanced Short Maturity ETF $542 First Trust Strategic Income ETF $24 First Trust Low Duration Opportunities ETF $280 First Trust SSI Strategic Convertible Securities ETF $8 First Trust Heitman Global Prime Real Estate ETF $2 ---------------------------------------------------------------------------------------------- ----------------- Total $5,528 FIRST TRUST EXCHANGE-TRADED FUND V First Trust Morningstar Managed Futures Strategy Fund $11 ---------------------------------------------------------------------------------------------- ----------------- Total $11 FIRST TRUST EXCHANGE-TRADED FUND VI Multi Asset Diversified Income Index Fund $1,384 First Trust NASDAQ Technology Dividend Index Fund $898 International Multi-Asset Diversified Income Index Fund $20 First Trust High Income ETF $11 First Trust Low Beta Income ETF $6 First Trust NASDAQ Rising Dividend Achievers ETF $43 First Trust Dorsey Wright Focus 5 ETF $4,877 First Trust RBA American Industrial Renaissance(TM) ETF $32 First Trust RBA Quality Income ETF $35 First Trust Dorsey Wright International Focus 5 ETF $712 First Trust Dorsey Wright Dynamic Focus 5 ETF $369 First Trust Nasdaq Bank ETF $3 First Trust Nasdaq Food & Beverage ETF $3 First Trust Nasdaq Oil & Gas ETF $3 First Trust Nasdaq Pharmaceuticals ETF $3 First Trust Nasdaq Retail ETF $3 First Trust Nasdaq Semiconductor ETF $3 First Trust Nasdaq Transportation ETF $3 ---------------------------------------------------------------------------------------------- ----------------- Total $8,408 FIRST TRUST EXCHANGE-TRADED FUND VII First Trust Global Tactical Commodity Strategy Fund $378 First Trust Alternative Absolute Return Strategy ETF $5 ---------------------------------------------------------------------------------------------- ----------------- Total $383 FIRST TRUST EXCHANGE-TRADED FUND VIII First Trust CEF Income Opportunity ETF $3 First Trust Municipal CEF Income Opportunity ETF $3 First Trust Long/Short Currency Strategy ETF $0 ---------------------------------------------------------------------------------------------- ----------------- Total $6 FIRST TRUST OPEN-END FUNDS First Trust Preferred Securities and Income Fund $303 First Trust/Confluence Small Cap Value Fund $13 First Trust Short Duration High Income Fund $293 First Trust AQA(R) Equity Fund $40 ---------------------------------------------------------------------------------------------- ----------------- Total $649 First Trust/Dow Jones Dividend & Income Allocation Portfolio $754 First Trust Multi Income Allocation Portfolio $27 First Trust Dorsey Wright Tactical Core Portfolio $16 ---------------------------------------------------------------------------------------------- ----------------- Total $797 FIRST TRUST ADVISORS L.P. 44,447 FIRST TRUST PORTFOLIOS L.P. $6,350 ---------------------------------------------------------------------------------------------- ----------------- GRAND TOTAL $126,990


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