IMPORTANT INFORMATION

The Fund's prospectus and summary prospectus links are available above and included the Fund's investment objectives, risks, charges and expenses, and other information.

Foreign investments present risks due to currency fluctuations, economic and political factors, government regulations, differences in accounting standards and other factors. These risks are magnified in emerging markets. From time to time, the Fund may invest a large portion of its assets in companies in one or more sectors, and thus may be more susceptible to negative events affecting those sectors than other mutual funds.

Distributed by First Trust Portfolios L.P.