SENIOR FINANCIAL OFFICER
                                 CODE OF CONDUCT

I.       INTRODUCTION

         This code of conduct is being adopted by the investment companies
advised by First Trust Advisors L.P., from time to time, (the "Funds"). The
reputation and integrity of the Funds are valuable assets that are vital to the
Funds' success. Each officer of the Funds, and officers and employees of the
investment adviser to the Funds who work on Fund matters, including each of the
Funds' senior financial officers ("SFOs"), is responsible for conducting each
Fund's business in a manner that demonstrates a commitment to the highest
standards of integrity. SFOs include the Principal Executive Officer (who is the
President), the Controller (who is the principal accounting officer), and the
Treasurer (who is the principal financial officer), and any person who performs
a similar function.

         The Funds, First Trust Advisors L.P. and First Trust Portfolios have
adopted Codes of Ethics under Rule 17j-1 under the Investment Company Act of
1940 (the "Rule 17j-1 Code"). These Codes of Ethics are designed to prevent
certain conflicts of interest that may arise when officers, employees, or
directors of the Funds and the foregoing entities know about present or future
Fund transactions and/or have the power to influence those transactions, and
engage in transactions with respect to those same securities in their personal
account(s) or otherwise take advantage of their position and knowledge with
respect to those securities. In an effort to prevent these conflicts and in
accordance with Rule 17j-1, the Funds adopted their Rule 17j-1 Code to prohibit
transactions and conduct that create conflicts of interest, and to establish
compliance procedures.

         The Sarbanes-Oxley Act of 2002 was designed to address corporate
malfeasance and to help assure investors that the companies in which they invest
are accurately and completely disclosing financial information. Under Section
406 of the Act, all public companies (including the Funds) must either have a
code of ethics for their SFOs, or disclose why they do not. The Act was intended
to prevent future situations (such as occurred in well-reported situations
involving such companies as Enron and WorldCom) where a company creates an
environment in which employees are afraid to express their opinions or to
question unethical and potentially illegal business practices.

         The Funds have chosen to adopt a senior financial officer Code of
Conduct to encourage their SFOs, and other Fund officers and employees of First
Trust Advisors or First Trust Portfolios to act ethically and to question
potentially unethical or illegal practices, and to strive to ensure that the
Funds' financial disclosures are complete, accurate, and understandable.





II.      PURPOSES OF THIS CODE OF CONDUCT

         The purposes of this Code are:

                    A. To promote honest and ethical conduct, including the
         ethical handling of actual or apparent conflicts of interest between
         personal and professional relationships;

                    B. To promote full, fair, accurate, timely, and
         understandable disclosure in reports and documents that the Funds file
         with, or submits to, the SEC and in other public communications the
         Funds make;

                    C. To promote compliance with applicable governmental laws,
         rules and regulations;

                    D. To encourage the prompt internal reporting to an
         appropriate person of violations of the Code; and

                    E. To establish accountability for adherence to the Code.

III.     QUESTIONS ABOUT THIS CODE

         The Funds' Boards of Trustees have designated W. Scott Jardine or other
appropriate officer designated by the President of the respective Funds to be
the Compliance Coordinator for the implementation and administration of the
Code.

IV.      HANDLING OF FINANCIAL INFORMATION

         The Funds have adopted guidelines under which its SFOs perform their
duties. However, the Funds expect that all officers or employees of the adviser
or distributor who participate in the preparation of any part of any Fund's
financial statements follow these guidelines with respect to each Fund:

                    A. Act with honesty and integrity and avoid violations of
         this Code, including actual or apparent conflicts of interest with the
         Fund in personal and professional relationships.

                    B. Disclose to the Fund's Compliance Coordinator any
         material transaction or relationship that reasonably could be expected
         to give rise to any violations of the Code, including actual or
         apparent conflicts of interest with the Fund. You should disclose these
         transactions or relationships whether you are involved or have only
         observed the transaction or relationship. If it is not possible to
         disclose the matter to the Compliance Coordinator, it should be
         disclosed to the Fund's Principal Financial Officer or Principal
         Executive Officer.


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                    C. Provide information to the Fund's other officers and
         appropriate employees of service providers (adviser, administrator,
         outside auditor, outside counsel, custodian, etc.) that is accurate,
         complete, objective, relevant, timely, and understandable.

                    D. Endeavor to ensure full, fair, timely, accurate, and
         understandable disclosure in the Fund's periodic reports.

                    E. Comply with the federal securities laws and other
         applicable laws and rules, such as the Internal Revenue Code.

                    F. Act in good faith, responsibly, and with due care,
         competence and diligence, without misrepresenting material facts or
         allowing your independent judgment to be subordinated.

                    G. Respect the confidentiality of information acquired in
         the course of your work except when you have Fund approval to disclose
         it or where disclosure is otherwise legally mandated. You may not use
         confidential information acquired in the course of your work for
         personal advantage.

                    H. Share and maintain skills important and relevant to the
         Fund's needs.

                    I. Proactively promote ethical behavior among peers in your
         work environment.

                    J. Responsibly use and control all assets and resources
         employed or entrusted to you.

                    K. Record or participate in the recording of entries in the
         Fund's books and records that are accurate to the best of your
         knowledge.

V.       WAIVERS OF THIS CODE

         SFOs and other parties subject to this Code may request a waiver of a
provision of this Code (or certain provisions of the Fund's Rule 17j-1 Code) by
submitting their request in writing to the Compliance Coordinator for
appropriate review. An executive officer of the Fund or the Audit Committee will
decide whether to grant a waiver. All waivers of this Code must be disclosed to
the Fund's shareholders to the extent required by SEC rules. A good faith
interpretation of the provisions of this Code, however, shall not constitute a
waiver.

VI.      ANNUAL CERTIFICATION

         Each SFO will be asked to certify on an annual basis that he/she is in
full compliance with the Code and any related policy statements.


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VII.      REPORTING SUSPECTED VIOLATIONS

          A. SFOs or other officers of the Funds or employees of the First Trust
group who work on Fund matters who observe, learn of, or, in good faith, suspect
a violation of the Code must immediately report the violation to the Compliance
Coordinator, another member of the Funds' or First Trust's senior management, or
to the Audit Committee of the Fund Board. An example of a possible Code
violation is the preparation and filing of financial disclosure that omits
material facts, or that is accurate but is written in a way that obscures its
meaning.

          B. Because service providers such as an administrator, outside
accounting firm, and custodian provide much of the work relating to the Funds'
financial statements, you should be alert for actions by service providers that
may be illegal, or that could be viewed as dishonest or unethical conduct. You
should report these actions to the Compliance Coordinator even if you know, or
think, that the service provider has its own code of ethics for its SFOs or
employees.

          C. SFOs or other officers or employees who report violations or
suspected violations in good faith will not be subject to retaliation of any
kind. Reported violations will be investigated and addressed promptly and will
be treated confidentially to the extent possible.

VIII.     VIOLATIONS OF THE CODE

          A. Dishonest, unethical or illegal conduct will constitute a violation
of this Code, regardless of whether this Code specifically refers to that
particular conduct. A violation of this Code may result in disciplinary action,
up to and including termination of employment. A variety of laws apply to the
Funds and their operations, including the Securities Act of 1933, the Investment
Company Act of 1940, state laws relating to duties owed by Fund directors and
officers, and criminal laws. The federal securities laws generally prohibit the
Funds from making material misstatements in its prospectus and other documents
filed with the SEC, or from omitting to state a material fact. These material
misstatements and omissions include financial statements that are misleading or
omit materials facts.

          B. Examples of criminal violations of the law include stealing,
embezzling, misapplying corporate or bank funds, making a payment for an
expressed purpose on a Fund's behalf to an individual who intends to use it for
a different purpose; or making payments, whether corporate or personal, of cash
or other items of value that are intended to influence the judgment or actions
of political candidates, government officials or businesses in connection with
any of the Funds' activities. The Funds must and will report all suspected
criminal violations to the appropriate authorities for possible prosecution, and
will investigate, address and report, as appropriate, non-criminal violations.


Amended:  June 1, 2009


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