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2014-05-20

The NASDAQ OMX Group, Inc.: NASDAQ OMX Lists First Trust Managed Municipal ETF

Actively Managed ETF Began Trading May 15, 2014NEW YORK, May 20, 2014 (GLOBE NEWSWIRE) -- NASDAQ OMX today announced that
First Trust launched a new exchange traded fund (ETF), First Trust Managed
Municipal ETF (Nasdaq:FMB), which is listed on The NASDAQ Stock
Market®(NASDAQ®). FMB began trading on NASDAQ on Thursday, May 15, 2014.

"We are thrilled to list the First Trust Managed Municipal ETF (FMB) on The
NASDAQ Stock Market, where we can explore countless opportunities in
municipal bonds," said Ryan Issakainen, Exchange Traded Fund Strategist and
Senior Vice President at First Trust Portfolios L.P. "Given the potential for
rising interest rates as a result of stronger economic growth, we believe
that in the current market, positioning the fund along the intermediate
portion of the yield curve, coupled with including bonds with lower
investment grade ratings, provides investors less interest rate sensitivity
than longer duration portfolios."

The ETF is managed by First Trust Advisors L.P. using a disciplined approach
that focuses on a combination of quantitative analysis and fundamental
research. Under normal market conditions, FMB seeks to achieve its objectives
by investing at least 80% of its total net assets (including investment
borrowings) in municipal debt securities. Active portfolio management allows
the fund managers to make portfolio adjustments, as necessary as conditions
change. FMB provides access to a portfolio of primarily investment grade
municipal bonds, while offering daily liquidity and full transparency of
holdings and pricing.

"We are pleased to launch FMB in conjunction with our good partners at First
Trust," said Dave LaValle, Head of Exchange Traded Product Listings at NASDAQ
OMX. "We appreciate First Trust's confidence in choosing the NASDAQ
marketplace. We are committed to increasing the value of our partnership by
continuing to fuel innovation in the listing and trading of exchange traded
products and acting as thought leaders and pioneers in the industry."

NASDAQ OMX operates an efficient platform for successfully introducing a
product suite into one of the single largest pools of liquidity, including
market participants which represent a full spectrum of investors. ETF issuers
benefit from an end-to-end solution that provides ongoing product support at
every level including index licensing, listings opportunities, data offerings
and trading services. As a home to the world's most innovative ventures,
NASDAQ OMX generates opportunities for issuers to access new markets and
deliver new concepts that change the way the industry develops, manages and
applies ETFs.

About First Trust:

First Trust Advisors L.P., along with its affiliate First Trust Portfolios
L.P., are privately held companies which provide a variety of investment
services, including asset management and financial advisory services, with
collective assets under management or supervision of approximately $91
billion as of April 30, 2014 through unit investment trusts, exchange-traded
funds, closed-end funds, mutual funds and separate managed accounts. First
Trust is based in Wheaton, Illinois. For more information,
visithttp://www.ftportfolios.com.

About NASDAQ OMX:

NASDAQ OMX (Nasdaq:NDAQ) is a leading provider of trading, exchange
technology, information and public company services across six continents.
Through its diverse portfolio of solutions, NASDAQ OMX enables customers to
plan, optimize and execute their business vision with confidence, using
proven technologies that provide transparency and insight for navigating
today's global capital markets. As the creator of the world's first
electronic stock market, its technology powers more than 70 marketplaces in
50 countries, and 1 in 10 of the world's securities transactions. NASDAQ OMX
is home to more than 3,400 listed companies with a market value of over $8.5
trillion and more than 10,000 corporate clients. To learn more,
visitwww.nasdaqomx.com.

Cautionary Note Regarding Forward-Looking Statements

The matters described herein contain forward-looking statements that are made
under the Safe Harbor provisions of the Private Securities Litigation Reform
Act of 1995. These statements include, but are not limited to, statements
about NASDAQ OMX and its products and offerings. We caution that these
statements are not guarantees of future performance. Actual results may
differ materially from those expressed or implied in the forward-looking
statements. Forward-looking statements involve a number of risks,
uncertainties or other factors beyond NASDAQ OMX's control. These factors
include, but are not limited to factors detailed in NASDAQ OMX's annual
report on Form 10-K, and periodic reports filed with the U.S. Securities and
Exchange Commission. We undertake no obligation to release any revisions to
any forward-looking statements.

The First Trust Managed Municipal ETF not been passed on by NASDAQ OMX as to
its legality or suitability, and it is not issued or sold by NASDAQ OMX.
NASDAQ OMX MAKES NO WARRANTIES AND BEARS NO LIABILITY WITH RESPECT TO THE
FIRST TRUST MANAGED MUNICIPAL ETF.

Nothing contained herein should be construed as investment advice from NASDAQ
OMX, either on behalf of a particular financial product or an overall
investment strategy. NASDAQ OMX makes no recommendation to buy or sell any
financial product or any representation about the financial condition of any
company or fund. Investors should undertake their own due diligence and
carefully evaluate financial products before investing. ADVICE FROM A
SECURITIES PROFESSIONAL IS STRONGLY ADVISED.

NDAQG

CONTACT: First Trust Media Contact: Ryan Issakainen +1 (630) 765-8689 Rissakainen@FTAdvisors.com NASDAQ OMX Media Contact: Robert Madden +1 (646) 441-5045Robert.Madden@NASDAQOMX.com

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: The NASDAQ OMX Group, Inc. via Globenewswire

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