Book 2
First Trust SMID Cap Rising Dividend Achievers ETF (SDVY)
First Trust Dorsey Wright Momentum & Value ETF (DVLU)
First Trust Dorsey Wright Momentum & Low Volatility ETF (DVOL)
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2 |
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3 |
Fund Performance Overview | |
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4 |
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6 |
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8 |
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10 |
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11 |
Portfolio of Investments | |
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12 |
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15 |
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17 |
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19 |
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20 |
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22 |
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24 |
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27 |
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34 |
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35 |
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41 |
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43 |
Performance | |||
Average
Annual Total Returns |
Cumulative Total Returns | ||
1
Year Ended 9/30/22 |
Inception
(11/1/17) to 9/30/22 |
Inception
(11/1/17) to 9/30/22 | |
Fund Performance | |||
NAV | -16.78% | 4.72% | 25.41% |
Market Price | -16.90% | 4.72% | 25.41% |
Index Performance | |||
Nasdaq US Small Mid Cap Rising Dividend Achievers™ Index | -16.36% | 5.34% | 29.13% |
S&P 1000® Index | -16.35% | 5.31% | 28.94% |
Performance | |||
Average
Annual Total Returns |
Cumulative Total Returns | ||
1
Year Ended 9/30/22 |
Inception
(9/5/18) to 9/30/22 |
Inception
(9/5/18) to 9/30/22 | |
Fund Performance | |||
NAV | -11.71% | 2.16% | 9.09% |
Market Price | -11.66% | 2.17% | 9.14% |
Index Performance | |||
Dorsey Wright Momentum Plus Value™ Index | -11.14% | 2.79% | 11.85% |
S&P 500® Index | -15.47% | 7.31% | 33.25% |
Performance | |||
Average
Annual Total Returns |
Cumulative Total Returns | ||
1
Year Ended 9/30/22 |
Inception
(9/5/18) to 9/30/22 |
Inception
(9/5/18) to 9/30/22 | |
Fund Performance | |||
NAV | -12.02% | 5.70% | 25.28% |
Market Price | -11.94% | 5.72% | 25.38% |
Index Performance | |||
Dorsey Wright Momentum Plus Low Volatility™ Index | -11.49% | 6.37% | 28.55% |
S&P 500® Index | -15.47% | 7.31% | 33.25% |
Beginning Account Value April 1, 2022 |
Ending Account Value September 30, 2022 |
Annualized Expense Ratio Based on the Six-Month Period |
Expenses Paid During the Six-Month Period (a) | |
First Trust SMID Cap Rising Dividend Achievers ETF (SDVY) | ||||
Actual | $1,000.00 | $840.30 | 0.60% | $2.77 |
Hypothetical (5% return before expenses) | $1,000.00 | $1,022.06 | 0.60% | $3.04 |
First Trust Dorsey Wright Momentum & Value ETF (DVLU) | ||||
Actual | $1,000.00 | $805.10 | 0.60% | $2.72 |
Hypothetical (5% return before expenses) | $1,000.00 | $1,022.06 | 0.60% | $3.04 |
First Trust Dorsey Wright Momentum & Low Volatility ETF (DVOL) | ||||
Actual | $1,000.00 | $843.00 | 0.60% | $2.77 |
Hypothetical (5% return before expenses) | $1,000.00 | $1,022.06 | 0.60% | $3.04 |
(a) | Expenses are equal to the annualized expense ratios as indicated in the table multiplied by the average account value over the period (April 1, 2022 through September 30, 2022), multiplied by 183/365 (to reflect the six-month period). |
Total Value at 9/30/2022 |
Level
1 Quoted Prices |
Level
2 Significant Observable Inputs |
Level
3 Significant Unobservable Inputs | |
Common Stocks* | $ 818,322,788 | $ 818,322,788 | $ — | $ — |
* | See Portfolio of Investments for industry breakout. |
Shares | Description | Value | ||
COMMON STOCKS (Continued) | ||||
Textiles,
Apparel & Luxury Goods – 1.2% |
||||
8,484 | Tapestry, Inc. | $241,200 | ||
Total Common Stocks | 18,888,057 | |||
(Cost $20,557,061) | ||||
REAL ESTATE INVESTMENT TRUSTS – 2.3% | ||||
Mortgage
Real Estate Investment Trusts – 2.3% |
||||
61,340 | Rithm Capital Corp. | 449,009 | ||
(Cost $648,020) | ||||
Total Investments – 99.8% | 19,337,066 | |||
(Cost $21,205,081) | ||||
Net Other Assets and Liabilities – 0.2% | 32,149 | |||
Net Assets – 100.0% | $19,369,215 |
(a) | Non-income producing security. |
Total Value at 9/30/2022 |
Level
1 Quoted Prices |
Level
2 Significant Observable Inputs |
Level
3 Significant Unobservable Inputs | |
Common Stocks* | $ 18,888,057 | $ 18,888,057 | $ — | $ — |
Real Estate Investment Trusts* | 449,009 | 449,009 | — | — |
Total Investments | $ 19,337,066 | $ 19,337,066 | $— | $— |
* | See Portfolio of Investments for industry breakout. |
Shares | Description | Value | ||
REAL ESTATE INVESTMENT TRUSTS (Continued) | ||||
Mortgage
Real Estate Investment Trusts – 2.7% |
||||
60,662 | Blackstone Mortgage Trust, Inc., Class A | $1,415,851 | ||
41,174 | Starwood Property Trust, Inc. | 750,191 | ||
2,166,042 | ||||
Total Real Estate Investment Trusts | 14,204,358 | |||
(Cost $18,319,199) | ||||
Total Investments – 99.8% | 81,258,972 | |||
(Cost $90,529,298) | ||||
Net Other Assets and Liabilities – 0.2% | 194,589 | |||
Net Assets – 100.0% | $81,453,561 |
(a) | Non-income producing security. |
Total Value at 9/30/2022 |
Level
1 Quoted Prices |
Level
2 Significant Observable Inputs |
Level
3 Significant Unobservable Inputs | |
Common Stocks* | $ 67,054,614 | $ 67,054,614 | $ — | $ — |
Real Estate Investment Trusts* | 14,204,358 | 14,204,358 | — | — |
Total Investments | $ 81,258,972 | $ 81,258,972 | $— | $— |
* | See Portfolio of Investments for industry breakout. |
First
Trust SMID Cap Rising Dividend Achievers ETF (SDVY) |
First
Trust Dorsey Wright Momentum & Value ETF (DVLU) |
First
Trust Dorsey Wright Momentum & Low Volatility ETF (DVOL) | |||
ASSETS: | |||||
Investments, at value
|
$ 818,322,788 | $ 19,337,066 | $ 81,258,972 | ||
Cash
|
791,404 | 18,521 | 77,073 | ||
Receivables: | |||||
Dividends
|
941,664 | 23,950 | 160,765 | ||
Dividend reclaims
|
87 | — | — | ||
Total Assets
|
820,055,943 | 19,379,537 | 81,496,810 | ||
LIABILITIES: | |||||
Payables: | |||||
Investment advisory fees
|
434,740 | 10,322 | 43,249 | ||
Total Liabilities
|
434,740 | 10,322 | 43,249 | ||
NET ASSETS
|
$819,621,203 | $19,369,215 | $81,453,561 | ||
NET ASSETS consist of: | |||||
Paid-in capital
|
$ 1,035,161,833 | $ 32,959,122 | $ 111,142,463 | ||
Par value
|
355,000 | 9,500 | 34,000 | ||
Accumulated distributable earnings (loss)
|
(215,895,630) | (13,599,407) | (29,722,902) | ||
NET ASSETS
|
$819,621,203 | $19,369,215 | $81,453,561 | ||
NET ASSET VALUE, per share
|
$23.09 | $20.39 | $23.96 | ||
Number of shares outstanding (unlimited number of
shares authorized, par value $0.01 per share)
|
35,500,002 | 950,002 | 3,400,002 | ||
Investments, at cost
|
$1,005,213,394 | $21,205,081 | $90,529,298 |
First
Trust SMID Cap Rising Dividend Achievers ETF (SDVY) |
First
Trust Dorsey Wright Momentum & Value ETF (DVLU) |
First
Trust Dorsey Wright Momentum & Low Volatility ETF (DVOL) | ||||
INVESTMENT INCOME: | ||||||
Dividends
|
$ 19,672,042 | $ 549,320 | $ 1,803,013 | |||
Interest
|
8,940 | 159 | 772 | |||
Foreign withholding tax
|
(36,758) | (1,129) | — | |||
Other
|
— | 44 | — | |||
Total investment income
|
19,644,224 | 548,394 | 1,803,785 | |||
EXPENSES: | ||||||
Investment advisory fees
|
4,135,646 | 146,712 | 659,345 | |||
Total expenses
|
4,135,646 | 146,712 | 659,345 | |||
NET INVESTMENT INCOME (LOSS)
|
15,508,578 | 401,682 | 1,144,440 | |||
NET REALIZED AND UNREALIZED GAIN (LOSS): | ||||||
Net realized gain (loss) on: | ||||||
Investments
|
(33,667,645) | (1,910,979) | (6,255,044) | |||
In-kind redemptions
|
9,129,522 | 331,109 | 10,836,919 | |||
Net realized gain (loss)
|
(24,538,123) | (1,579,870) | 4,581,875 | |||
Net change in unrealized appreciation (depreciation) on: | ||||||
Investments
|
(182,334,771) | (1,474,104) | (18,738,146) | |||
NET REALIZED AND UNREALIZED GAIN (LOSS)
|
(206,872,894) | (3,053,974) | (14,156,271) | |||
NET INCREASE (DECREASE) IN NET ASSETS RESULTING
FROM OPERATIONS
|
$(191,364,316) | $(2,652,292) | $(13,011,831) |
First Trust SMID Cap Rising Dividend Achievers ETF (SDVY) |
First Trust Dorsey Wright Momentum & Value ETF (DVLU) | ||||||
Year Ended 9/30/2022 |
Year Ended 9/30/2021 |
Year Ended 9/30/2022 |
Year Ended 9/30/2021 | ||||
OPERATIONS: | |||||||
Net investment income (loss)
|
$ 15,508,578 | $ 1,215,419 | $ 401,682 | $ 403,881 | |||
Net realized gain (loss)
|
(24,538,123) | 4,399,493 | (1,579,870) | 7,489,708 | |||
Net change in unrealized appreciation
(depreciation)
|
(182,334,771) | (4,309,095) | (1,474,104) | (1,439,711) | |||
Net increase (decrease) in net assets resulting
from operations
|
(191,364,316) | 1,305,817 | (2,652,292) | 6,453,878 | |||
DISTRIBUTIONS TO SHAREHOLDERS FROM: | |||||||
Investment operations
|
(14,025,016) | (1,005,851) | (416,941) | (376,450) | |||
SHAREHOLDER TRANSACTIONS: | |||||||
Proceeds from shares sold
|
937,688,574 | 225,198,706 | 5,097,895 | 63,958,085 | |||
Cost of shares redeemed
|
(123,351,150) | (24,875,461) | (8,523,685) | (58,491,461) | |||
Net increase (decrease) in net assets resulting
from shareholder transactions
|
814,337,424 | 200,323,245 | (3,425,790) | 5,466,624 | |||
Total increase (decrease) in net assets
|
608,948,092 | 200,623,211 | (6,495,023) | 11,544,052 | |||
NET ASSETS: | |||||||
Beginning of period
|
210,673,111 | 10,049,900 | 25,864,238 | 14,320,186 | |||
End of period
|
$819,621,203 | $210,673,111 | $19,369,215 | $25,864,238 | |||
CHANGES IN SHARES OUTSTANDING: | |||||||
Shares outstanding, beginning of period
|
7,450,002 | 550,002 | 1,100,002 | 950,002 | |||
Shares sold
|
32,800,000 | 7,800,000 | 200,000 | 2,900,000 | |||
Shares redeemed
|
(4,750,000) | (900,000) | (350,000) | (2,750,000) | |||
Shares outstanding, end of period
|
35,500,002 | 7,450,002 | 950,002 | 1,100,002 |
First Trust Dorsey Wright Momentum & Low Volatility ETF (DVOL) | ||
Year Ended 9/30/2022 |
Year Ended 9/30/2021 | |
$ 1,144,440 | $ 436,137 | |
4,581,875 | 24,241,948 | |
(18,738,146) | 750,009 | |
(13,011,831) | 25,428,094 | |
(1,071,096) | (398,380) | |
93,110,294 | 173,667,860 | |
(118,688,168) | (202,257,238) | |
(25,577,874) | (28,589,378) | |
(39,660,801) | (3,559,664) | |
121,114,362 | 124,674,026 | |
$81,453,561 | $121,114,362 | |
4,400,002 | 5,550,002 | |
3,300,000 | 6,800,000 | |
(4,300,000) | (7,950,000) | |
3,400,002 | 4,400,002 |
Year Ended September 30, | Period Ended 9/30/2018 (a) | ||||||||
2022 | 2021 | 2020 | 2019 | ||||||
Net asset value, beginning of period
|
$ 28.28 | $ 18.27 | $ 20.37 | $ 21.28 | $ 19.94 | ||||
Income from investment operations: | |||||||||
Net investment income (loss)
|
0.51 | 0.36 | 0.33 | 0.35 | 0.26 | ||||
Net realized and unrealized gain (loss)
|
(5.21) | 9.99 | (2.08) | (0.92) | 1.31 | ||||
Total from investment operations
|
(4.70) | 10.35 | (1.75) | (0.57) | 1.57 | ||||
Distributions paid to shareholders from: | |||||||||
Net investment income
|
(0.49) | (0.34) | (0.35) | (0.34) | (0.23) | ||||
Net asset value, end of period
|
$23.09 | $28.28 | $18.27 | $20.37 | $21.28 | ||||
Total return
(b)
|
(16.78)% | 56.77% | (8.56)% | (2.59)% | 7.92% | ||||
Ratios to average net assets/supplemental data: | |||||||||
Net assets, end of period (in 000’s)
|
$ 819,621 | $ 210,673 | $ 10,050 | $ 7,128 | $ 4,257 | ||||
Ratio of total expenses to average net
assets
|
0.60% | 0.60% | 0.60% | 0.60% | 0.60% (c) | ||||
Ratio of net investment income (loss) to average
net assets
|
2.25% | 1.77% | 1.83% | 1.95% | 1.49% (c) | ||||
Portfolio turnover rate (d)
|
86% | 36% | 76% | 78% | 72% |
(a) | Inception date is November 1, 2017, which is consistent with the commencement of investment operations and is the date the initial creation units were established. |
(b) | Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all distributions at net asset value during the period, and redemption at net asset value on the last day of the period. The returns presented do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. Total return is calculated for the time period presented and is not annualized for periods of less than a year. |
(c) | Annualized. |
(d) | Portfolio turnover is calculated for the time period presented and is not annualized for periods of less than a year and does not include securities received or delivered from processing creations or redemptions and in-kind transactions. |
Year Ended September 30, | Period Ended 9/30/2018 (a) | ||||||||
2022 | 2021 | 2020 | 2019 | ||||||
Net asset value, beginning of period
|
$ 23.51 | $ 15.07 | $ 18.52 | $ 19.46 | $ 19.98 | ||||
Income from investment operations: | |||||||||
Net investment income (loss)
|
0.40 | 0.29 | 0.25 | 0.33 | 0.02 | ||||
Net realized and unrealized gain (loss)
|
(3.11) | 8.42 | (3.44) | (0.94) | (0.54) | ||||
Total from investment operations
|
(2.71) | 8.71 | (3.19) | (0.61) | (0.52) | ||||
Distributions paid to shareholders from: | |||||||||
Net investment income
|
(0.41) | (0.27) | (0.26) | (0.33) | — | ||||
Net asset value, end of period
|
$20.39 | $23.51 | $15.07 | $18.52 | $19.46 | ||||
Total return
(b)
|
(11.71)% | 57.98% | (17.19)% | (3.04)% | (2.60)% | ||||
Ratios to average net assets/supplemental data: | |||||||||
Net assets, end of period (in 000’s)
|
$ 19,369 | $ 25,864 | $ 14,320 | $ 19,451 | $ 13,625 | ||||
Ratio of total expenses to average net
assets
|
0.60% | 0.60% | 0.60% | 0.60% | 0.60% (c) | ||||
Ratio of net investment income (loss) to average
net assets
|
1.64% | 1.68% | 1.56% | 2.01% | 3.61% (c) | ||||
Portfolio turnover rate (d)
|
230% | 195% | 205% | 152% | 0% |
(a) | Inception date is September 5, 2018, which is consistent with the commencement of investment operations and is the date the initial creation units were established. |
(b) | Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all distributions at net asset value during the period, and redemption at net asset value on the last day of the period. The returns presented do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. Total return is calculated for the time period presented and is not annualized for periods of less than a year. |
(c) | Annualized. |
(d) | Portfolio turnover is calculated for the time period presented and is not annualized for periods of less than a year and does not include securities received or delivered from processing creations or redemptions and in-kind transactions. |
Year Ended September 30, | Period Ended 9/30/2018 (a) | ||||||||
2022 | 2021 | 2020 | 2019 | ||||||
Net asset value, beginning of period
|
$ 27.53 | $ 22.46 | $ 22.81 | $ 19.94 | $ 19.97 | ||||
Income from investment operations: | |||||||||
Net investment income (loss)
|
0.32 | 0.10 | 0.28 | 0.29 | 0.03 | ||||
Net realized and unrealized gain (loss)
|
(3.60) | 5.06 | (0.30) | 2.85 | (0.06) | ||||
Total from investment operations
|
(3.28) | 5.16 | (0.02) | 3.14 | (0.03) | ||||
Distributions paid to shareholders from: | |||||||||
Net investment income
|
(0.29) | (0.09) | (0.33) | (0.27) | — | ||||
Net asset value, end of period
|
$23.96 | $27.53 | $22.46 | $22.81 | $19.94 | ||||
Total return
(b)
|
(12.02)% | 22.98% | 0.03% | 15.93% | (0.15)% | ||||
Ratios to average net assets/supplemental data: | |||||||||
Net assets, end of period (in 000’s)
|
$ 81,454 | $ 121,114 | $ 124,674 | $ 131,169 | $ 13,960 | ||||
Ratio of total expenses to average net
assets
|
0.60% | 0.60% | 0.60% | 0.60% | 0.60% (c) | ||||
Ratio of net investment income (loss) to average
net assets
|
1.04% | 0.36% | 1.21% | 2.37% | 3.81% (c) | ||||
Portfolio turnover rate (d)
|
169% | 136% | 187% | 81% | 0% |
(a) | Inception date is September 5, 2018, which is consistent with the commencement of investment operations and is the date the initial creation units were established. |
(b) | Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all distributions at net asset value during the period, and redemption at net asset value on the last day of the period. The returns presented do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption or sale of Fund shares. Total return is calculated for the time period presented and is not annualized for periods of less than a year. |
(c) | Annualized. |
(d) | Portfolio turnover is calculated for the time period presented and is not annualized for periods of less than a year and does not include securities received or delivered from processing creations or redemptions and in-kind transactions. |
Fund | Index |
First Trust SMID Cap Rising Dividend Achievers ETF | Nasdaq US Small Mid Cap Rising Dividend AchieversTM Index |
First Trust DorseyWright Momentum & Value ETF | DorseyWright Momentum Plus ValueTM Index |
First Trust DorseyWright Momentum & Low Volatility ETF | DorseyWright Momentum Plus Low VolatilityTM Index |
1) | the last sale price on the exchange on which they are principally traded or, for Nasdaq and AIM securities, the official closing price; |
2) | the type of security; |
3) | the size of the holding; |
4) | the initial cost of the security; |
5) | transactions in comparable securities; |
6) | price quotes from dealers and/or third-party pricing services; |
7) | relationships among various securities; |
8) | information obtained by contacting the issuer, analysts, or the appropriate stock exchange; |
9) | an analysis of the issuer’s financial statements; |
10) | the existence of merger proposals or tender offers that might affect the value of the security; and |
11) | other relevant factors. |
• | Level 1 – Level 1 inputs are quoted prices in active markets for identical investments. An active market is a market in which transactions for the investment occur with sufficient frequency and volume to provide pricing information on an ongoing basis. |
• | Level 2 – Level 2 inputs are observable inputs, either directly or indirectly, and include the following: |
o | Quoted prices for similar investments in active markets. |
o | Quoted prices for identical or similar investments in markets that are non-active. A non-active market is a market where there are few transactions for the investment, the prices are not current, or price quotations vary substantially either over time or among market makers, or in which little information is released publicly. |
o | Inputs other than quoted prices that are observable for the investment (for example, interest rates and yield curves observable at commonly quoted intervals, volatilities, prepayment speeds, loss severities, credit risks, and default rates). |
o | Inputs that are derived principally from or corroborated by observable market data by correlation or other means. |
• | Level 3 – Level 3 inputs are unobservable inputs. Unobservable inputs may reflect the reporting entity’s own assumptions about the assumptions that market participants would use in pricing the investment. |
Distributions paid from Ordinary Income |
Distributions paid from Capital Gains |
Distributions paid from Return of Capital | |||
First Trust SMID Cap Rising Dividend Achievers
ETF
|
$ 14,025,016 | $ — | $ — | ||
First Trust Dorsey Wright Momentum & Value
ETF
|
416,941 | — | — | ||
First Trust Dorsey Wright Momentum & Low
Volatility ETF
|
1,071,096 | — | — |
Distributions paid from Ordinary Income |
Distributions paid from Capital Gains |
Distributions paid from Return of Capital | |||
First Trust SMID Cap Rising Dividend Achievers
ETF
|
$ 1,005,851 | $ — | $ — | ||
First Trust Dorsey Wright Momentum & Value
ETF
|
376,450 | — | — | ||
First Trust Dorsey Wright Momentum & Low
Volatility ETF
|
398,380 | — | — |
Undistributed Ordinary Income |
Accumulated Capital and Other Gain (Loss) |
Unrealized Appreciation (Depreciation) | |||
First Trust SMID Cap Rising Dividend Achievers
ETF
|
$ 1,623,821 | $ (17,877,189) | $ (199,642,262) | ||
First Trust Dorsey Wright Momentum & Value
ETF
|
27,114 | (11,751,888) | (1,874,633) | ||
First Trust Dorsey Wright Momentum & Low
Volatility ETF
|
149,989 | (20,592,809) | (9,280,082) |
Non-Expiring Capital Loss Carryforward | |
First Trust SMID Cap Rising Dividend Achievers
ETF
|
$ 17,877,189 |
First Trust Dorsey Wright Momentum & Value
ETF
|
11,751,888 |
First Trust Dorsey Wright Momentum & Low
Volatility ETF
|
20,592,809 |
Accumulated Net Investment Income (Loss) |
Accumulated Net Realized Gain (Loss) on Investments |
Paid-in Capital | |||
First Trust SMID Cap Rising Dividend Achievers
ETF
|
$ (63,976) | $ (4,127,148) | $ 4,191,124 | ||
First Trust Dorsey Wright Momentum & Value
ETF
|
— | (321,760) | 321,760 | ||
First Trust Dorsey Wright Momentum & Low
Volatility ETF
|
— | (10,163,408) | 10,163,408 |
Tax Cost | Gross Unrealized Appreciation |
Gross Unrealized (Depreciation) |
Net
Unrealized Appreciation (Depreciation) | ||||
First Trust SMID Cap Rising Dividend Achievers
ETF
|
$ 1,017,965,050 | $ 5,776,857 | $ (205,419,119) | $ (199,642,262) | |||
First Trust Dorsey Wright Momentum & Value
ETF
|
21,211,699 | 352,347 | (2,226,980) | (1,874,633) | |||
First Trust Dorsey Wright Momentum & Low
Volatility ETF
|
90,539,054 | 866,611 | (10,146,693) | (9,280,082) |
Purchases | Sales | ||
First Trust SMID Cap Rising Dividend Achievers ETF | $ 579,485,139 | $ 578,777,525 | |
First Trust Dorsey Wright Momentum & Value ETF | 55,509,543 | 55,493,786 | |
First Trust Dorsey Wright Momentum & Low Volatility ETF | 184,490,584 | 184,197,238 | |
Purchases | Sales | ||
First Trust SMID Cap Rising Dividend Achievers ETF | $ 936,909,683 | $ 122,779,430 | |
First Trust Dorsey Wright Momentum & Value ETF | 5,081,446 | 8,509,753 | |
First Trust Dorsey Wright Momentum & Low Volatility ETF | 92,945,386 | 118,566,707 |
Individual Funds Included in the Trust | Financial Highlights |
First Trust SMID Cap Rising Dividend Achievers ETF | For the years ended September 30, 2022, 2021, 2020, 2019 and for the period from November 1, 2017 (commencement of operations) through September 30, 2018 |
First Trust Dorsey Wright Momentum & Low Volatility ETF | For the years ended September 30, 2022, 2021, 2020, 2019 and for the period from September 5, 2018 (commencement of operations) through September 30, 2018 |
First Trust Dorsey Wright Momentum & Value ETF |
Dividends Received Deduction | |
First Trust SMID Cap Rising Dividend Achievers
ETF
|
100.00% |
First Trust Dorsey Wright Momentum & Value
ETF
|
100.00% |
First Trust Dorsey Wright Momentum & Low
Volatility ETF
|
91.44% |
Qualified Dividend Income | |
First Trust SMID Cap Rising Dividend Achievers
ETF
|
100.00% |
First Trust Dorsey Wright Momentum & Value
ETF
|
100.00% |
First Trust Dorsey Wright Momentum & Low
Volatility ETF
|
100.00% |
NOT FDIC INSURED | NOT BANK GUARANTEED | MAY LOSE VALUE |
Name, Year of Birth and Position with the Trust | Term of Office and Year First Elected or Appointed | Principal
Occupations During Past 5 Years |
Number of Portfolios in the First Trust Fund Complex Overseen by Trustee | Other Trusteeships or Directorships Held by Trustee During Past 5 Years |
INDEPENDENT TRUSTEES | ||||
Richard
E. Erickson, Trustee (1951) |
• Indefinite
Term • Since Inception |
Physician, Edward-Elmhurst Medical Group; Physician and Officer, Wheaton Orthopedics (1990 to 2021) | 221 | None |
Thomas
R. Kadlec, Trustee (1957) |
• Indefinite
Term • Since Inception |
Retired; President, ADM Investor Services, Inc. (Futures Commission Merchant) (2010 to July 2022) | 221 | Director, National Futures Association and ADMIS Singapore Ltd.; Formerly, Director of ADM Investor Services, Inc., ADM Investor Services International, ADMIS Hong Kong Ltd., and Futures Industry Association |
Denise
M. Keefe, Trustee (1964) |
• Indefinite
Term • Since 2021 |
Executive Vice President, Advocate Aurora Health and President, Advocate Aurora Continuing Health Division (Integrated Healthcare System) | 221 | Director and Board Chair of Advocate Home Health Services, Advocate Home Care Products and Advocate Hospice; Director and Board Chair of Aurora At Home (since 2018); Director of Advocate Physician Partners Accountable Care Organization; Director and Board Chair of RML Long Term Acute Care Hospitals; and Director of Senior Helpers (since 2021) |
Robert
F. Keith, Trustee (1956) |
• Indefinite
Term • Since Inception |
President, Hibs Enterprises (Financial and Management Consulting) | 221 | Formerly, Director of Trust Company of Illinois |
Niel
B. Nielson, Trustee (1954) |
• Indefinite
Term • Since Inception |
Senior Advisor (2018 to Present), Managing Director and Chief Operating Officer (2015 to 2018), Pelita Harapan Educational Foundation (Educational Products and Services) | 221 | None |
INTERESTED TRUSTEE | ||||
James
A. Bowen(1),
Trustee and Chairman of the Board (1955) |
• Indefinite
Term • Since Inception |
Chief Executive Officer, First Trust Advisors L.P. and First Trust Portfolios L.P.; Chairman of the Board of Directors, BondWave LLC (Software Development Company) and Stonebridge Advisors LLC (Investment Advisor) | 221 | None |
(1) | Mr. Bowen is deemed an “interested person” of the Trust due to his position as CEO of First Trust Advisors L.P., investment advisor of the Trust. |
Name and Year of Birth | Position and Offices with Trust | Term of Office and Length of Service | Principal
Occupations During Past 5 Years |
OFFICERS(2) | |||
James
M. Dykas (1966) |
President and Chief Executive Officer | • Indefinite
Term • Since 2016 |
Managing Director and Chief Financial Officer, First Trust Advisors L.P. and First Trust Portfolios L.P.; Chief Financial Officer, BondWave LLC (Software Development Company) and Stonebridge Advisors LLC (Investment Advisor) |
Donald
P. Swade (1972) |
Treasurer, Chief Financial Officer and Chief Accounting Officer | • Indefinite
Term • Since 2016 |
Senior Vice President, First Trust Advisors L.P. and First Trust Portfolios L.P. |
W.
Scott Jardine (1960) |
Secretary and Chief Legal Officer | • Indefinite
Term • Since Inception |
General Counsel, First Trust Advisors L.P. and First Trust Portfolios L.P.; Secretary and General Counsel, BondWave LLC; Secretary, Stonebridge Advisors LLC |
Daniel
J. Lindquist (1970) |
Vice President | • Indefinite
Term • Since Inception |
Managing Director, First Trust Advisors L.P. and First Trust Portfolios L.P. |
Kristi
A. Maher (1966) |
Chief Compliance Officer and Assistant Secretary | • Indefinite
Term • Since Inception |
Deputy General Counsel, First Trust Advisors L.P. and First Trust Portfolios L.P. |
Roger
F. Testin (1966) |
Vice President | • Indefinite
Term • Since Inception |
Senior Vice President, First Trust Advisors L.P. and First Trust Portfolios L.P. |
Stan
Ueland (1970) |
Vice President | • Indefinite
Term • Since Inception |
Senior Vice President, First Trust Advisors L.P. and First Trust Portfolios L.P. |
(2) | The term “officer” means the president, vice president, secretary, treasurer, controller or any other officer who performs a policy making function. |
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