FUND
NAME |
TICKER
SYMBOL |
EXCHANGE |
First
Trust Active Factor Large Cap ETF |
AFLG |
NYSE
Arca |
First
Trust Active Factor Mid Cap ETF |
AFMC |
NYSE
Arca |
First
Trust Active Factor Small Cap ETF |
AFSM |
NYSE
Arca |
Portfolio
Turnover Rate
| ||
Fund |
Fiscal Year
Ended August 31, | |
2023 |
2022 | |
First Trust
Active Factor Large Cap ETF |
55% |
61% |
First Trust
Active Factor Mid Cap ETF |
49% |
80% |
First Trust
Active Factor Small Cap ETF |
59% |
73% |
Name
and
Year of
Birth |
Position
and
Offices
with
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
the
Past 5
Years |
TRUSTEE
WHO IS AN INTERESTED PERSON OF THE TRUST | |||||
James A.
Bowen (1)
1955 |
Chairman of
the
Board and
Trustee |
•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) |
257
Portfolios |
None |
INDEPENDENT
TRUSTEES | |||||
Richard E.
Erickson
1951 |
Trustee |
•Indefinite
term
•Since
inception |
Retired;
Physician, Edward-Elmhurst
Medical
Group (2021 to September
2023);
Physician and Officer, Wheaton
Orthopedics
(1990 to 2021) |
257
Portfolios |
None |
Thomas R.
Kadlec
1957 |
Trustee |
•Indefinite
term
•Since
inception |
Retired;
President, ADM Investor
Services,
Inc. (Futures Commission
Merchant)
(2010 to July 2022) |
257
Portfolios |
Director,
National
Futures
Association;
formerly,
Director
of ADM
Investor
Services,
Inc.,
ADM
Investor
Services
International,
ADMIS Hong
Kong
Ltd., ADMIS
Singapore
Ltd. and
Futures
Industry
Association |
Denise M.
Keefe
1964 |
Trustee |
•Indefinite
term
•Since
2021 |
Executive
Vice President, Advocate
Aurora
Health and President, Advocate
Aurora
Continuing Health Division
(Integrated
Healthcare System) |
257
Portfolios |
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 of
RML
Long Term
Acute
Care
Hospitals;
Director of
Senior
Helpers
(since
2021); and
Director of
MobileHelp
(since
2022) |
Robert F.
Keith
1956 |
Trustee |
•Indefinite
term
•Since
inception |
President,
Hibs Enterprises (Financial and
Management
Consulting) |
257
Portfolios |
Formerly,
Director
of Trust
Company
of
Illinois |
Niel B.
Nielson
1954 |
Trustee |
•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) |
257
Portfolios |
None
|
Name
and
Year of
Birth |
Position
and
Offices
with
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
the
Past 5
Years |
INDEPENDENT
TRUSTEES | |||||
Bronwyn
Wright
1971 |
Trustee |
•Indefinite
term
•Since
2023 |
Independent
Director to a number of Irish
collective
investment funds (2009 to
present);
Various roles at international
affiliates
of Citibank (1994 to 2009),
including
Managing Director, Citibank
Europe plc
and Head of Securities and
Fund
Services, Citi Ireland (2007 to
2009) |
233
Portfolios |
None |
Name
and
Year of
Birth |
Position
and
Offices
with Trust |
Term of
Office and
Length of
Service |
Principal
Occupations
During
Past 5 Years |
OFFICERS
OF THE TRUST | |||
James M.
Dykas
1966 |
President
and Chief
Executive
Officer |
•Indefinite
term
•Since
inception |
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) |
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; and 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. |
Derek D.
Maltbie
1972 |
Treasurer,
Chief Financial
Officer and
Chief
Accounting
Officer |
•Indefinite
term
•Since
2023 |
Senior Vice
President, First Trust Advisors L.P. and
First Trust
Portfolios L.P., July 2021 – present.
Previously,
Vice President, First Trust Advisors L.P.
and First
Trust Portfolios L.P., 2014 –2021. |
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. |
Name
of Trustee |
Total
Compensation from
the Funds
(1)
|
Total
Compensation from
the First
Trust Fund Complex (2)
|
Richard E.
Erickson |
$11,070 |
$523,750 |
Thomas R.
Kadlec |
$11,070 |
$524,280 |
Denise M.
Keefe |
$11,069 |
$504,158 |
Robert F.
Keith |
$11,070 |
$514,231 |
Niel B.
Nielson |
$11,070 |
$533,750 |
Bronwyn
Wright (3) |
$– |
$– |
Trustee |
Dollar
Range of Equity
Securities
in the Funds
(Number of
Shares
Held) |
Aggregate
Dollar
Range of
Equity
Securities
in All
Registered
Investment
Companies
Overseen
by Trustee
in the First
Trust Fund
Complex |
Interested
Trustee | ||
James A.
Bowen |
None |
Over
$100,000 |
Independent
Trustees | ||
Richard E.
Erickson |
None |
Over
$100,000 |
Thomas R.
Kadlec |
None |
Over
$100,000 |
Denise M.
Keefe |
None |
Over
$100,000 |
Robert F.
Keith |
None |
Over
$100,000 |
Niel B.
Nielson |
None |
Over
$100,000 |
Bronwyn
Wright(1) |
None |
None |
Fund |
Unitary
Management Fee |
First
Trust Active Factor Large Cap ETF |
0.55% |
First
Trust Active Factor Mid Cap ETF |
0.65% |
First
Trust Active Factor Small Cap ETF |
0.75% |
Management
Fee |
Breakpoints |
0.55000% |
Fund
net assets up to and including $2.5 billion |
0.53625% |
Fund
net assets greater than $2.5 billion up to and including $5
billion |
0.52250% |
Fund
net assets greater than $5 billion up to and including $7.5
billion |
0.50875% |
Fund
net assets greater than $7.5 billion up to and including $10
billion |
0.49500% |
Fund
net assets greater than $10 billion up to and including $15
billion |
0.46750% |
Fund
net assets greater than $15
billion |
Management
Fee |
Breakpoints |
0.65000% |
Fund
net assets up to and including $2.5 billion |
0.63375% |
Fund
net assets greater than $2.5 billion up to and including $5
billion |
0.61750% |
Fund
net assets greater than $5 billion up to and including $7.5
billion |
0.60125% |
Fund
net assets greater than $7.5 billion up to and including $10
billion |
0.58500% |
Fund
net assets greater than $10 billion up to and including $15
billion |
0.55250% |
Fund
net assets greater than $15
billion |
Management
Fee |
Breakpoints |
0.75000% |
Fund
net assets up to and including $2.5 billion |
0.73125% |
Fund
net assets greater than $2.5 billion up to and including $5
billion |
0.71250% |
Fund
net assets greater than $5 billion up to and including $7.5
billion |
0.69375% |
Fund
net assets greater than $7.5 billion up to and including $10
billion |
0.67500% |
Fund
net assets greater than $10 billion up to and including $15
billion |
0.63750% |
Fund
net assets greater than $15
billion |
Amount of
Unitary Fees
| |||
Fund |
Fiscal Year
Ended August 31, | ||
2023 |
2022 |
2021 | |
First Trust
Active Factor Large Cap ETF |
$26,429 |
$24,459 |
$28,106 |
First Trust
Active Factor Mid Cap ETF |
$17,949 |
$11,622 |
$12,002 |
First Trust
Active Factor Small Cap ETF |
$31,111 |
$18,973 |
$14,709 |
Name |
Position
with
First
Trust |
Length of
Service
with First
Trust |
Principal
Occupation During Past Five Years |
Daniel J.
Lindquist |
Chairman of the
Investment
Committee
and Managing
Director |
Since
2004 |
Managing
Director, First Trust Advisors L.P.
and First
Trust Portfolios L.P. |
David G.
McGarel |
Chief Operating
Officer,
Chief Investment
Officer
and Managing
Director |
Since
1997 |
Chief
Operating Officer (2016 to present),
Chief
Investment Officer, Managing
Director,
First Trust Advisors L.P.
and First
Trust Portfolios L.P. |
Jon C.
Erickson |
Senior Vice
President |
Since
1994 |
Senior Vice
President, First Trust Advisors L.P. and
First Trust
Portfolios L.P. |
Roger F.
Testin |
Senior Vice
President |
Since
2001 |
Senior Vice
President, First Trust Advisors L.P. and
First Trust
Portfolios L.P. |
Stan
Ueland |
Senior Vice
President |
Since
2005 |
Senior Vice
President, First Trust Advisors L.P. and
First Trust
Portfolios L.P. |
Chris A.
Peterson |
Senior Vice
President |
Since
2000 |
Senior Vice
President, First Trust Advisors L.P. and
First Trust
Portfolios L.P. |
Chris
Bush |
Vice
President |
Since
2005 |
Vice
President of Strategy Research, First Trust
Advisors
L.P. and First Trust Portfolios L.P. |
Erik
Russo |
Vice
President |
Since
2010 |
Vice
President, First Trust Advisors
L.P. |
Portfolio
Manager |
Registered
Investment
Companies
Number
of
Accounts
($ Assets
in
Thousands) |
Other
Pooled
Investment
Vehicles
Number
of
Accounts
($ Assets
in
Thousands) |
Other
Accounts
Number
of
Accounts
($ Assets
in
Thousands) |
Registered
Investment
Companies
With
Performance
Fees
Number
of
Accounts
($ Assets
in
Thousands) |
Other
Pooled
Investment
Vehicles
With
Performance
Fees
Number
of
Accounts
($ Assets
in
Thousands) |
Other
Accounts
With
Performance
Fees
Number
of
Accounts
($ Assets
in
Thousands) |
Daniel J.
Lindquist |
117
($86,864,309) |
43
($1,864,435) |
1,129
($392,332) |
N/A |
N/A |
N/A |
David G.
McGarel |
118
($86,879,798) |
43
($1,864,435) |
1,129
($392,332) |
N/A |
N/A |
N/A |
Jon C.
Erickson |
114
($86,855,354) |
43
($1,864,435) |
1,129
($392,332) |
N/A |
N/A |
N/A |
Roger F.
Testin |
114
($86,855,354) |
43
($1,864,435) |
1,129
($392,332) |
N/A |
N/A |
N/A |
Stan
Ueland |
108
($85,804,899) |
36
($1,742,499) |
N/A |
N/A |
N/A |
N/A |
Chris A.
Peterson |
118
($86,879,798) |
43
($1,864,435) |
1,129
($392,332) |
N/A |
N/A |
N/A |
Erik
Russo |
108
($85,804,899) |
36
($1,742,499) |
N/A |
N/A |
N/A |
N/A |
Chris
Bush |
N/A |
N/A |
N/A |
N/A |
N/A |
N/A |
Aggregate
Amount of Brokerage Commissions
| |||
Fund |
Fiscal Year
Ended August 31, | ||
2023 |
2022 |
2021 | |
First Trust
Active Factor Large Cap ETF |
$661 |
$600 |
$819 |
First Trust
Active Factor Mid Cap ETF |
$679 |
$536 |
$595 |
First Trust
Active Factor Small Cap ETF |
$1,698 |
$1,061 |
$925 |
Fund |
Total
Non-Expiring
Capital
Loss
Available |
First Trust
Active Factor Large Cap ETF |
$628,309 |
First Trust
Active Factor Mid Cap ETF |
$503,467 |
First Trust
Active Factor Small Cap ETF |
$718,617 |
NAME OF
BENEFICIAL OWNER |
%
OF
OUTSTANDING
SHARES
OWNED |
FIRST
TRUST ACTIVE FACTOR LARGE CAP ETF | |
Charles
Schwab & Co., Inc. |
24.18% |
BOFA
Securities, Inc. |
21.34% |
ABN AMRO
Clearing |
12.61% |
RBC Capital
Markets, LLC |
10.98% |
National
Financial Services LLC |
7.36% |
Morgan
Stanley Smith Barney LLC |
7.29% |
Pershing
LLC |
6.98% |
FIRST
TRUST ACTIVE FACTOR MID CAP ETF | |
National
Financial Services LLC |
34.30% |
Pershing
LLC |
18.27% |
ABN AMRO
Clearing |
15.09% |
Charles
Schwab & Co., Inc. |
12.61% |
BOFA
Securities, Inc. |
7.92% |
RBC Capital
Markets, LLC |
5.41% |
FIRST
TRUST ACTIVE FACTOR SMALL CAP ETF | |
BOFA
Securities, Inc. |
25.56% |
ABN AMRO
Clearing |
14.55% |
Wells Fargo
Clearing Services, LLC |
12.57% |
National
Financial Services LLC |
12.26% |
Goldman Sachs
& Co. LLC |
10.25% |
Charles
Schwab & Co., Inc. |
9.23% |
RBC Capital
Markets, LLC |
7.18% |