Basic Fund Data
Fund Provider:	First Trust Advisors
Asset Class:	Equity
Fund Category:	U.S. Industry Sector
Ticker:	FIW
Expense Ratio:	0.60%
Fund Category Expense Ratio Average:	0.44%
Options:	No
Fund Inception Date:	05-08-2007
Fund Structure:	Open-Ended
Fund Weighting Restrictions:	Non-diversified Fund Rules
Fund Tracking Method:	Full Replication
Dividend Payment Frequency:
Basic Index Data
Index Name:	ISE Water Index
Index Provider:	International Securities Exchange, LLC
No of Index Holdings:	Under 100
Explanation of Index Strategy
Security Selection Category:	Screened
Security Selection Method:	Industry Sector
Security Selection Frequency:	Semi-annual
Index Weighting Category:	Capitalization
Index Weighting Method:	Modified
Index Weighting Frequency:	Daily

Market Price Return
1-Year:	12%
3-Year annualized:
5-Year annualized:
10-Year annualized:
Annual Performance History
2009:	11.02
2008:	-29.4
2007:
2006:
2005:
2004:
2003:
2002:
2001:
2000:
Data as of 10/31/09

Fundamentals
Assets MM:	$36.3
P/E Ratio:	20.52
P/B Ratio:	1.85
Median Market Cap:	$1653.23
12-month yield:	1.2%
Data as of 10/31/09

Risk / 3-Year Average
Alpha:	0.79
Beta:	1.14
Standard Deviation:	7.72
Sharpe Ratio:
Data as of 10/31/09

Index Snapshot:

The First Trust ISE Water Index Fund (Ticker: FIW) seeks investment results that correspond generally to the performance, before fees and expenses, of the ISE Water Index. The index is a modified market-cap weighted portfolio of 36 stocks that derive a substantial portion of their revenues from the potable and wastewater industries. The index begins by ranking all the publicly traded companies in the potable and wastewater industries by their unadjusted market capitalization. From this universe, the index removes the candidate stocks that do not meet the component eligibility requirements. When the index is initially configured or reconfigured, the index adjusts the assigned shares of the component stocks such that the weights conform to the following schedule: Stocks 1-10 weight at 4% each. Stocks 11-15 weight at 3.50% each. Stocks 16-20 weight at 3% each. Stocks 21-30 weight at 2% each. Stocks 31-36 weight at 1.25% each.