A NEW ENERGY INVESTMENT VEHICLE

First Trust Launches New Exchange Traded Fund (GRID) Based on NASDAQ OMX Clean Edge Smart Grid Infrastructure Index
November 17, 2009 (Clean Edge)

"The NASDAQ OMX Group, Inc., Clean Edge, Inc., and First Trust Advisors L.P. have announced the launch of a new exchange traded fund (ETF) -- the First Trust NASDAQ® Clean Edge® Smart Grid Infrastructure Index Fund (NASDAQ:GRID). It is based on the NASDAQ® Clean Edge® Smart Grid Infrastructure Index (NASDAQ:QGRD), a benchmark for the smart grid and electric infrastructure sector. The ETF is managed by First Trust Advisors L.P. and listed on NASDAQ®.

"QGRD is a modified market-capitalization index and includes companies that are primarily involved in electric grid; electric meters, devices and networks; energy storage and management; and enabling software used by the smart grid and electric infrastructure sector."

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"First Trust's ETF, GRID, is designed to correspond to the price and yield performance of the index on which it is based. ETFs are financial products that trade like shares of stock and can be bought and sold throughout the trading day…

"The NASDAQ OMX® Clean Edge® Smart Grid Infrastructure Index is calculated in real-time across the combined exchanges and is disseminated by NASDAQ OMX in U.S. Dollars. The Index commenced calculation on September 22, 2009 with a value of 250.00…"