Developed International Equity Select ETF (RNDM)
Emerging Markets Equity Select ETF (RNEM)
Large Cap US Equity Select ETF (RNLC)
Mid Cap US Equity Select ETF (RNMC)
Small Cap US Equity Select ETF (RNSC)
US Equity Dividend Select ETF (RNDV)
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Fund Performance Overview | |
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Portfolio of Investments | |
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Performance | ||||||
Average Annual Total Returns | Cumulative Total Returns | |||||
1
Year Ended 3/31/23 |
5
Years Ended 3/31/23 |
Inception (6/20/17) to 3/31/23 |
5
Years Ended 3/31/23 |
Inception (6/20/17) to 3/31/23 | ||
Fund Performance | ||||||
NAV | -3.60% | 1.45% | 2.00% | 7.44% | 12.14% | |
Market Price | -3.33% | 1.39% | 2.04% | 7.15% | 12.35% | |
Index Performance | ||||||
Nasdaq Riskalyze Developed MarketsTM Index | -3.36% | 2.73% | 3.22% | 14.42% | 20.08% | |
Nasdaq Developed Markets Ex-US Large Mid CapTM Index | -2.90% | 4.15% | 5.04% | 22.54% | 32.85% | |
MSCI World ex USA Index | -2.74% | 3.83% | 4.65% | 20.70% | 30.03% |
Performance | ||||||
Average Annual Total Returns | Cumulative Total Returns | |||||
1
Year Ended 3/31/23 |
5
Years Ended 3/31/23 |
Inception (6/20/17) to 3/31/23 |
5
Years Ended 3/31/23 |
Inception (6/20/17) to 3/31/23 | ||
Fund Performance | ||||||
NAV | -4.97% | -1.03% | 1.25% | -5.06% | 7.42% | |
Market Price | -5.34% | -1.25% | 1.19% | -6.08% | 7.06% | |
Index Performance | ||||||
Nasdaq Riskalyze Emerging MarketsTM Index | -3.56% | 1.00% | 3.18% | 5.08% | 19.85% | |
Nasdaq Emerging Large Mid CapTM Index | -8.71% | 0.16% | 3.10% | 0.78% | 19.30% | |
MSCI Emerging Markets Index | -10.70% | -0.88% | 2.12% | -4.32% | 12.88% |
Performance | ||||||
Average Annual Total Returns | Cumulative Total Returns | |||||
1
Year Ended 3/31/23 |
5
Years Ended 3/31/23 |
Inception (6/20/17) to 3/31/23 |
5
Years Ended 3/31/23 |
Inception (6/20/17) to 3/31/23 | ||
Fund Performance | ||||||
NAV | -5.57% | 9.28% | 9.70% | 55.83% | 70.70% | |
Market Price | -5.62% | 9.26% | 9.70% | 55.68% | 70.69% | |
Index Performance | ||||||
Nasdaq Riskalyze US Large CapTM Index | -5.02% | 9.96% | 10.37% | 60.75% | 76.88% | |
Nasdaq US 500 Large CapTM Index | -8.29% | 11.04% | 11.34% | 68.84% | 86.01% | |
S&P 500® Index | -7.73% | 11.19% | 11.43% | 69.94% | 86.93% |
Performance | ||||||
Average Annual Total Returns | Cumulative Total Returns | |||||
1
Year Ended 3/31/23 |
5
Years Ended 3/31/23 |
Inception (6/20/17) to 3/31/23 |
5
Years Ended 3/31/23 |
Inception (6/20/17) to 3/31/23 | ||
Fund Performance | ||||||
NAV | -4.47% | 7.09% | 7.54% | 40.87% | 52.19% | |
Market Price | -4.48% | 7.08% | 7.53% | 40.75% | 52.13% | |
Index Performance | ||||||
Nasdaq Riskalyze US Mid CapTM Index | -3.94% | 7.74% | 8.19% | 45.20% | 57.63% | |
Nasdaq US 600 Mid CapTM Index | -9.77% | 6.73% | 7.78% | 38.46% | 54.18% | |
S&P MidCap 400® Index | -5.12% | 7.67% | 8.20% | 44.72% | 57.70% |
Performance | ||||||
Average Annual Total Returns | Cumulative Total Returns | |||||
1
Year Ended 3/31/23 |
5
Years Ended 3/31/23 |
Inception (6/20/17) to 3/31/23 |
5
Years Ended 3/31/23 |
Inception (6/20/17) to 3/31/23 | ||
Fund Performance | ||||||
NAV | -6.28% | 6.80% | 7.15% | 38.97% | 49.05% | |
Market Price | -6.41% | 6.77% | 7.14% | 38.77% | 48.98% | |
Index Performance | ||||||
Nasdaq Riskalyze US Small CapTM Index | -5.73% | 7.50% | 7.86% | 43.59% | 54.81% | |
Nasdaq US 700 Small CapTM Index | -12.49% | 6.33% | 7.19% | 35.91% | 49.39% | |
S&P SmallCap 600® Index | -8.82% | 6.30% | 7.52% | 35.71% | 52.06% |
Performance | ||||||
Average Annual Total Returns | Cumulative Total Returns | |||||
1
Year Ended 3/31/23 |
5
Years Ended 3/31/23 |
Inception (6/20/17) to 3/31/23 |
5
Years Ended 3/31/23 |
Inception (6/20/17) to 3/31/23 | ||
Fund Performance | ||||||
NAV | -4.28% | 9.18% | 9.35% | 55.17% | 67.58% | |
Market Price | -4.40% | 9.17% | 9.35% | 55.09% | 67.65% | |
Index Performance | ||||||
Nasdaq Riskalyze US Large Cap Select DividendTM Index | -3.83% | 9.79% | 9.95% | 59.49% | 72.95% | |
Nasdaq US 500 Large CapTM Index | -8.29% | 11.04% | 11.34% | 68.84% | 86.01% | |
S&P 500® Index | -7.73% | 11.19% | 11.43% | 69.94% | 86.93% |
Beginning Account Value October 1, 2022 |
Ending Account Value March 31, 2023 |
Annualized Expense Ratio Based on the Six-Month Period |
Expenses Paid During the Six-Month Period (a) | |
Developed International Equity Select ETF (RNDM) | ||||
Actual | $1,000.00 | $1,234.50 | 0.65% | $3.62 |
Hypothetical (5% return before expenses) | $1,000.00 | $1,021.69 | 0.65% | $3.28 |
Emerging Markets Equity Select ETF (RNEM) | ||||
Actual | $1,000.00 | $1,131.90 | 0.75% | $3.99 |
Hypothetical (5% return before expenses) | $1,000.00 | $1,021.19 | 0.75% | $3.78 |
Large Cap US Equity Select ETF (RNLC) | ||||
Actual | $1,000.00 | $1,167.00 | 0.60% | $3.24 |
Hypothetical (5% return before expenses) | $1,000.00 | $1,021.94 | 0.60% | $3.02 |
Mid Cap US Equity Select ETF (RNMC) | ||||
Actual | $1,000.00 | $1,159.00 | 0.60% | $3.23 |
Hypothetical (5% return before expenses) | $1,000.00 | $1,021.94 | 0.60% | $3.02 |
Small Cap US Equity Select ETF (RNSC) | ||||
Actual | $1,000.00 | $1,166.00 | 0.60% | $3.24 |
Hypothetical (5% return before expenses) | $1,000.00 | $1,021.94 | 0.60% | $3.02 |
US Equity Dividend Select ETF (RNDV) | ||||
Actual | $1,000.00 | $1,155.60 | 0.50% | $2.69 |
Hypothetical (5% return before expenses) | $1,000.00 | $1,022.44 | 0.50% | $2.52 |
(a) | Expenses are equal to the annualized expense ratios as indicated in the table multiplied by the average account value over the period (October 1, 2022 through March 31, 2023), multiplied by 182/365 (to reflect the six-month period). |
Currency Exposure Diversification |
% of Total Investments |
Euro | 30.6% |
Japanese Yen | 19.6 |
British Pound Sterling | 10.9 |
Swiss Franc | 9.7 |
Canadian Dollar | 7.9 |
Australian Dollar | 5.7 |
South Korean Won | 4.3 |
Swedish Krona | 3.2 |
Danish Krone | 2.8 |
Hong Kong Dollar | 2.4 |
Singapore Dollar | 1.4 |
Norwegian Krone | 0.7 |
Israeli Shekel | 0.4 |
United States Dollar | 0.2 |
New Zealand Dollar | 0.2 |
Total | 100.0% |
Total Value at 3/31/2023 |
Level
1 Quoted Prices |
Level
2 Significant Observable Inputs |
Level
3 Significant Unobservable Inputs | |
Common Stocks: | ||||
Canada | $ 1,540,354 | $ 1,540,354 | $ — | $ — |
Cayman Islands | 87,956 | — | 85,929 | 2,027 |
Ireland | 156,169 | 27,250 | 128,919 | — |
South Korea | 851,135 | 7,280 | 843,855 | — |
Other Country Categories* | 16,519,580 | — | 16,519,580 | — |
Real Estate Investment Trusts* | 242,559 | — | 242,559 | — |
Total Investments | $ 19,397,753 | $ 1,574,884 | $ 17,820,842 | $ 2,027 |
* | See Portfolio of Investments for country breakout. |
(b) | This security is fair valued by the Advisor’s Pricing Committee in accordance with procedures approved by the Trust’s Board of Trustees and in accordance with provisions of the Investment Company Act of 1940 and rules thereunder, as amended. At March 31, 2023, securities noted as such are valued at $7,286,541 or 81.4% of net assets. Certain of these securities are fair valued using a factor provided by a third-party pricing service due to the change in value between the foreign markets’ close and the New York Stock Exchange close exceeding a certain threshold. On days when this threshold is not exceeded, these securities are typically valued at the last sale price on the exchange on which they are principally traded. |
(c) | This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the Securities Act of 1933, as amended (the “1933 Act”). |
(d) | This security is exempt from registration upon resale under Rule 144A of the 1933 Act and may be resold in transactions exempt from registration, normally to qualified institutional buyers. This security is not restricted on the foreign exchange where it trades freely without any additional registration. As such, it does not require the additional disclosure required of restricted securities. |
(e) | Non-income producing security. |
(f) | Pursuant to procedures adopted by the Trust’s Board of Trustees, this security has been determined to be illiquid by First Trust Advisors L.P., the Fund’s advisor. |
(g) | This security’s value was determined using significant unobservable inputs (see Note 2A – Portfolio Valuation in the Notes to Financial Statements). |
GDR | Global Depositary Receipt |
Currency Exposure Diversification |
% of Total Investments |
New Taiwan Dollar | 26.9% |
Indian Rupee | 26.7 |
Hong Kong Dollar | 14.8 |
Brazilian Real | 8.7 |
Mexican Peso | 4.4 |
Thai Baht | 4.4 |
South African Rand | 4.2 |
Indonesian Rupiah | 3.2 |
Philippine Peso | 1.6 |
Malaysian Ringgit | 1.2 |
Turkish Lira | 1.1 |
Chilean Peso | 1.0 |
Polish Zloty | 0.9 |
Czech Republic Koruna | 0.3 |
Hungarian Forint | 0.2 |
United States Dollar | 0.2 |
Singapore Dollar | 0.1 |
Egyptian Pound | 0.1 |
Russian Ruble | 0.0* |
Total | 100.0% |
* | Investment is valued at $0. |
Total Value at 3/31/2023 |
Level
1 Quoted Prices |
Level
2 Significant Observable Inputs |
Level
3 Significant Unobservable Inputs | |
Common Stocks: | ||||
Bermuda | $ 17,211 | $ 17,211 | $ — | $ — |
Brazil | 781,095 | 781,095 | — | — |
Chile | 85,795 | 46,753 | 39,042 | — |
Czech Republic | 23,874 | 18,067 | 5,807 | — |
Mexico | 381,809 | 381,809 | — | — |
Netherlands | 5,559 | 5,559 | — | —* |
Russia | —* | — | — | —* |
South Africa | 363,923 | 75,375 | 288,548 | — |
Turkey | 98,747 | 434 | 98,313 | — |
Other Country Categories** | 7,172,624 | — | 7,172,624 | — |
Real Estate Investment Trusts: | ||||
Mexico | 15,977 | 15,977 | — | — |
South Africa | 4,838 | — | 4,838 | — |
Total Investments | $ 8,951,452 | $ 1,342,280 | $ 7,609,172 | $—* |
* | Investment is valued at $0. |
** | See Portfolio of Investments for country breakout. |
Shares | Description | Value | ||
REAL ESTATE INVESTMENT TRUSTS (Continued) | ||||
Retail REITs – 1.2% | ||||
316 | Agree Realty Corp. | $21,681 | ||
990 | Brixmor Property Group, Inc. | 21,305 | ||
1,066 | Kite Realty Group Trust | 22,301 | ||
490 | National Retail Properties, Inc. | 21,633 | ||
705 | Phillips Edison & Co, Inc. | 22,997 | ||
359 | Regency Centers Corp. | 21,964 | ||
562 | Spirit Realty Capital, Inc. | 22,390 | ||
154,271 | ||||
Self-Storage REITs – 0.2% | ||||
228 | Life Storage, Inc. | 29,888 | ||
Specialized REITs – 0.8% | ||||
557 | CubeSmart | 25,745 | ||
621 | National Storage Affiliates Trust | 25,945 | ||
510 | PotlatchDeltic Corp. | 25,245 | ||
680 | Rayonier, Inc. | 22,617 | ||
99,552 | ||||
Total Real Estate Investment Trusts | 917,398 | |||
(Cost $1,125,366) | ||||
Total Investments – 99.9% | 12,379,024 | |||
(Cost $12,944,769) | ||||
Net Other Assets and Liabilities – 0.1% | 17,854 | |||
Net Assets – 100.0% | $12,396,878 |
Total Value at 3/31/2023 |
Level
1 Quoted Prices |
Level
2 Significant Observable Inputs |
Level
3 Significant Unobservable Inputs | |
Common Stocks* | $ 11,461,626 | $ 11,461,626 | $ — | $ — |
Real Estate Investment Trusts* | 917,398 | 917,398 | — | — |
Total Investments | $ 12,379,024 | $ 12,379,024 | $— | $— |
* | See Portfolio of Investments for industry breakout. |
Developed International Equity Select ETF (RNDM) |
Emerging Markets Equity Select ETF (RNEM) |
Large
Cap US Equity Select ETF (RNLC) | |||
ASSETS: | |||||
Investments, at value
|
$ 19,397,753 | $ 8,951,452 | $ 17,015,984 | ||
Cash
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53,138 | 26,720 | 13,568 | ||
Foreign currency
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16,445 | 1,354 | — | ||
Receivables: | |||||
Dividends
|
92,438 | 17,252 | 21,400 | ||
Dividend reclaims
|
53,921 | 726 | 3,046 | ||
Securities lending income
|
12 | — | — | ||
Miscellaneous
|
331 | — | — | ||
Total Assets
|
19,614,038 | 8,997,504 | 17,053,998 | ||
LIABILITIES: | |||||
Payables: | |||||
Investment advisory fees
|
10,491 | 5,568 | 8,485 | ||
Collateral for securities on loan
|
— | — | — | ||
Deferred foreign capital gains tax
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— | 36,217 | — | ||
Total Liabilities
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10,491 | 41,785 | 8,485 | ||
NET ASSETS
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$19,603,547 | $8,955,719 | $17,045,513 | ||
NET ASSETS consist of: | |||||
Paid-in capital
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$ 22,657,485 | $ 10,563,616 | $ 18,929,172 | ||
Par value
|
4,000 | 2,000 | 5,500 | ||
Accumulated distributable earnings (loss)
|
(3,057,938) | (1,609,897) | (1,889,159) | ||
NET ASSETS
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$19,603,547 | $8,955,719 | $17,045,513 | ||
NET ASSET VALUE, per share
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$49.01 | $44.78 | $30.99 | ||
Number of shares outstanding (unlimited number of
shares authorized, par value $0.01 per share)
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400,002 | 200,002 | 550,002 | ||
Investments, at cost
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$18,353,605 | $8,691,101 | $16,824,091 | ||
Foreign currency, at cost (proceeds)
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$16,459 | $1,353 | $— | ||
Securities on loan, at value
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$— | $— | $— |
Mid
Cap US Equity Select ETF (RNMC) |
Small
Cap US Equity Select ETF (RNSC) |
US
Equity Dividend Select ETF (RNDV) | ||
$ 12,379,024 | $ 27,868,625 | $ 25,447,182 | ||
5,511 | 21,844 | 35,053 | ||
— | — | — | ||
18,092 | 50,746 | 58,254 | ||
521 | — | 3,909 | ||
— | 186 | — | ||
— | — | — | ||
12,403,148 | 27,941,401 | 25,544,398 | ||
6,270 | 14,406 | 10,074 | ||
— | 40,397 | — | ||
— | — | — | ||
6,270 | 54,803 | 10,074 | ||
$ 12,396,878 | $ 27,886,598 | $ 25,534,324 | ||
$ 15,834,871 | $ 31,509,407 | $ 27,529,845 | ||
4,500 | 10,500 | 9,000 | ||
(3,442,493) | (3,633,309) | (2,004,521) | ||
$ 12,396,878 | $ 27,886,598 | $ 25,534,324 | ||
$27.55 | $26.56 | $28.37 | ||
450,002 | 1,050,002 | 900,002 | ||
$12,944,769 | $28,163,288 | $25,980,211 | ||
$— | $— | $— | ||
$— | $39,547 | $— |
Developed International Equity Select ETF (RNDM) |
Emerging Markets Equity Select ETF (RNEM) |
Large
Cap US Equity Select ETF (RNLC) | ||||
INVESTMENT INCOME: | ||||||
Dividends
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$ 714,761 | $ 432,981 | $ 430,135 | |||
Interest
|
1,019 | 680 | 600 | |||
Securities lending income (net of fees)
|
580 | — | — | |||
Foreign withholding tax
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(70,230) | (63,821) | (619) | |||
Other
|
103 | 6 | 21 | |||
Total investment income
|
646,233 | 369,846 | 430,137 | |||
EXPENSES: | ||||||
Investment advisory fees
|
120,773 | 63,551 | 117,468 | |||
Total expenses
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120,773 | 63,551 | 117,468 | |||
NET INVESTMENT INCOME (LOSS)
|
525,460 | 306,295 | 312,669 | |||
NET REALIZED AND UNREALIZED GAIN (LOSS): | ||||||
Net realized gain (loss) on: | ||||||
Investments
|
(1,806,910) | (721,088) | (466,587) | |||
In-kind redemptions
|
128,841 | — | 1,032,727 | |||
Foreign currency transactions
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(9,698) | 4,758 | — | |||
Foreign capital gains tax
|
— | (8,220) | — | |||
Net realized gain (loss)
|
(1,687,767) | (724,550) | 566,140 | |||
Net change in unrealized appreciation (depreciation) on: | ||||||
Investments
|
543,788 | 45,503 | (2,385,080) | |||
Foreign currency translation
|
(1,290) | 167 | — | |||
Deferred foreign capital gains tax
|
— | (14,656) | — | |||
Net change in unrealized appreciation
(depreciation)
|
542,498 | 31,014 | (2,385,080) | |||
NET REALIZED AND UNREALIZED GAIN (LOSS)
|
(1,145,269) | (693,536) | (1,818,940) | |||
NET INCREASE (DECREASE) IN NET ASSETS RESULTING
FROM OPERATIONS
|
$(619,809) | $(387,241) | $(1,506,271) |
Mid
Cap US Equity Select ETF (RNMC) |
Small
Cap US Equity Select ETF (RNSC) |
US
Equity Dividend Select ETF (RNDV) | |||
$367,764 | $714,391 | $712,007 | |||
585 | 1,139 | 936 | |||
— | 3,830 | — | |||
(88) | (356) | (729) | |||
85 | 44 | 9 | |||
368,346 | 719,048 | 712,223 | |||
95,812 | 153,050 | 101,764 | |||
95,812 | 153,050 | 101,764 | |||
272,534 | 565,998 | 610,459 | |||
(975,284) | (2,304,105) | (322,868) | |||
1,653,605 | 1,435,864 | 56 | |||
— | — | — | |||
— | — | — | |||
678,321 | (868,241) | (322,812) | |||
(1,588,315) | (1,064,889) | (1,049,183) | |||
— | — | — | |||
— | — | — | |||
(1,588,315) | (1,064,889) | (1,049,183) | |||
(909,994) | (1,933,130) | (1,371,995) | |||
$(637,460) | $(1,367,132) | $(761,536) |
Developed International Equity Select ETF (RNDM) |
Emerging Markets Equity Select ETF (RNEM) | ||||||
Year Ended 3/31/2023 |
Year Ended 3/31/2022 |
Year Ended 3/31/2023 |
Year Ended 3/31/2022 | ||||
OPERATIONS: | |||||||
Net investment income (loss)
|
$ 525,460 | $ 612,626 | $ 306,295 | $ 242,593 | |||
Net realized gain (loss)
|
(1,687,767) | 2,370,496 | (724,550) | 364,099 | |||
Net change in unrealized appreciation
(depreciation)
|
542,498 | (2,937,328) | 31,014 | (464,909) | |||
Net increase (decrease) in net assets resulting
from operations
|
(619,809) | 45,794 | (387,241) | 141,783 | |||
DISTRIBUTIONS TO SHAREHOLDERS FROM: | |||||||
Investment operations
|
(486,763) | (703,193) | (254,643) | (180,487) | |||
Return of capital
|
— | — | — | (49,961) | |||
Total distributions to shareholders
|
(486,763) | (703,193) | (254,643) | (230,448) | |||
SHAREHOLDER TRANSACTIONS: | |||||||
Proceeds from shares sold
|
4,346,583 | 5,595,303 | 2,305,295 | — | |||
Cost of shares redeemed
|
(7,143,304) | (5,356,575) | — | — | |||
Net increase (decrease) in net assets resulting
from shareholder transactions
|
(2,796,721) | 238,728 | 2,305,295 | — | |||
Total increase (decrease) in net assets
|
(3,903,293) | (418,671) | 1,663,411 | (88,665) | |||
NET ASSETS: | |||||||
Beginning of period
|
23,506,840 | 23,925,511 | 7,292,308 | 7,380,973 | |||
End of period
|
$19,603,547 | $23,506,840 | $8,955,719 | $7,292,308 | |||
CHANGES IN SHARES OUTSTANDING: | |||||||
Shares outstanding, beginning of period
|
450,002 | 450,002 | 150,002 | 150,002 | |||
Shares sold
|
100,000 | 100,000 | 50,000 | — | |||
Shares redeemed
|
(150,000) | (100,000) | — | — | |||
Shares outstanding, end of period
|
400,002 | 450,002 | 200,002 | 150,002 |
Large Cap US Equity Select ETF (RNLC) |
Mid Cap US Equity Select ETF (RNMC) |
Small Cap US Equity Select ETF (RNSC) |
US Equity Dividend Select ETF (RNDV) | |||||||||||
Year Ended 3/31/2023 |
Year Ended 3/31/2022 |
Year Ended 3/31/2023 |
Year Ended 3/31/2022 |
Year Ended 3/31/2023 |
Year Ended 3/31/2022 |
Year Ended 3/31/2023 |
Year Ended 3/31/2022 | |||||||
$ 312,669 | $ 322,827 | $ 272,534 | $ 241,500 | $ 565,998 | $ 274,780 | $ 610,459 | $ 374,454 | |||||||
566,140 | 6,041,882 | 678,321 | 3,693,023 | (868,241) | 2,198,102 | (322,812) | 1,755,695 | |||||||
(2,385,080) | (3,315,959) | (1,588,315) | (2,661,207) | (1,064,889) | (1,832,012) | (1,049,183) | (644,056) | |||||||
(1,506,271) | 3,048,750 | (637,460) | 1,273,316 | (1,367,132) | 640,870 | (761,536) | 1,486,093 | |||||||
(305,626) | (328,071) | (277,601) | (244,191) | (545,516) | (261,631) | (571,256) | (359,126) | |||||||
— | — | — | — | — | — | — | — | |||||||
(305,626) | (328,071) | (277,601) | (244,191) | (545,516) | (261,631) | (571,256) | (359,126) | |||||||
3,125,444 | 11,195,391 | 5,684,608 | 13,029,289 | 16,257,937 | 18,629,899 | 8,576,223 | 19,135,641 | |||||||
(5,945,869) | (17,927,661) | (8,543,272) | (14,535,290) | (8,184,037) | (7,148,164) | — | (10,393,637) | |||||||
(2,820,425) | (6,732,270) | (2,858,664) | (1,506,001) | 8,073,900 | 11,481,735 | 8,576,223 | 8,742,004 | |||||||
(4,632,322) | (4,011,591) | (3,773,725) | (476,876) | 6,161,252 | 11,860,974 | 7,243,431 | 9,868,971 | |||||||
21,677,835 | 25,689,426 | 16,170,603 | 16,647,479 | 21,725,346 | 9,864,372 | 18,290,893 | 8,421,922 | |||||||
$17,045,513 | $21,677,835 | $12,396,878 | $16,170,603 | $27,886,598 | $21,725,346 | $25,534,324 | $18,290,893 | |||||||
650,002 | 850,002 | 550,002 | 600,002 | 750,002 | 350,002 | 600,002 | 300,002 | |||||||
100,000 | 350,000 | 200,000 | 450,000 | 600,000 | 650,000 | 300,000 | 650,000 | |||||||
(200,000) | (550,000) | (300,000) | (500,000) | (300,000) | (250,000) | — | (350,000) | |||||||
550,002 | 650,002 | 450,002 | 550,002 | 1,050,002 | 750,002 | 900,002 | 600,002 |
Year Ended March 31, | |||||||||
2023 | 2022 | 2021 | 2020 | 2019 | |||||
Net asset value, beginning of period
|
$ 52.24 | $ 53.17 | $ 39.88 | $ 49.45 | $ 51.38 | ||||
Income from investment operations: | |||||||||
Net investment income (loss)
|
1.33 | 1.24 | 0.90 | 1.11 | 1.07 | ||||
Net realized and unrealized gain (loss)
|
(3.34) | (0.73) | 13.01 | (9.02) | (1.90) | ||||
Total from investment operations
|
(2.01) | 0.51 | 13.91 | (7.91) | (0.83) | ||||
Distributions paid to shareholders from: | |||||||||
Net investment income
|
(1.22) | (1.44) | (0.62) | (1.66) | (1.10) | ||||
Net asset value, end of period
|
$49.01 | $52.24 | $53.17 | $39.88 | $49.45 | ||||
Total return
(a)
|
(3.60)% | 0.82% | 34.93% | (16.64)% | (1.71)% | ||||
Ratios to average net assets/supplemental data: | |||||||||
Net assets, end of period (in 000’s)
|
$ 19,604 | $ 23,507 | $ 23,926 | $ 23,929 | $ 24,727 | ||||
Ratio of total expenses to average net
assets
|
0.65% | 0.65% | 0.65% | 0.65% | 0.65% | ||||
Ratio of net investment income (loss) to average
net assets
|
2.83% | 2.26% | 1.86% | 2.24% | 2.32% | ||||
Portfolio turnover rate (b)
|
73% | 69% | 89% | 62% | 52% |
(a) | 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. |
(b) | 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 March 31, | |||||||||
2023 | 2022 | 2021 | 2020 | 2019 | |||||
Net asset value, beginning of period
|
$ 48.61 | $ 49.21 | $ 37.80 | $ 50.89 | $ 54.94 | ||||
Income from investment operations: | |||||||||
Net investment income (loss)
|
1.57 | 1.61 | 1.15 | 1.50 | 1.10 | ||||
Net realized and unrealized gain (loss)
|
(4.13) | (0.67) | 11.64 | (13.22) | (3.62) | ||||
Total from investment operations
|
(2.56) | 0.94 | 12.79 | (11.72) | (2.52) | ||||
Distributions paid to shareholders from: | |||||||||
Net investment income
|
(1.27) | (1.20) | (1.38) | (1.37) | (1.19) | ||||
Net realized gain
|
— | — | — | — | (0.34) | ||||
Return of capital
|
— | (0.34) | — | — | — | ||||
Total distributions
|
(1.27) | (1.54) | (1.38) | (1.37) | (1.53) | ||||
Net asset value, end of period
|
$44.78 | $48.61 | $49.21 | $37.80 | $50.89 | ||||
Total return
(a)
|
(4.97)% | 1.91% | 34.44% | (23.66)% | (4.48)% | ||||
Ratios to average net assets/supplemental data: | |||||||||
Net assets, end of period (in 000’s)
|
$ 8,956 | $ 7,292 | $ 7,381 | $ 7,561 | $ 12,723 | ||||
Ratio of total expenses to average net
assets
|
0.75% | 0.75% | 0.75% | 0.75% | 0.75% | ||||
Ratio of net investment income (loss) to average
net assets
|
3.61% | 3.30% | 2.94% | 2.83% | 2.04% | ||||
Portfolio turnover rate (b)
|
65% | 72% | 75% | 82% | 69% |
(a) | 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. |
(b) | 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 March 31, | |||||||||
2023 | 2022 | 2021 | 2020 | 2019 | |||||
Net asset value, beginning of period
|
$ 33.35 | $ 30.22 | $ 18.85 | $ 22.12 | $ 21.54 | ||||
Income from investment operations: | |||||||||
Net investment income (loss)
|
0.49 | 0.38 | 0.34 | 0.46 | 0.38 | ||||
Net realized and unrealized gain (loss)
|
(2.38) | 3.13 | 11.39 | (3.27) | 0.56 | ||||
Total from investment operations
|
(1.89) | 3.51 | 11.73 | (2.81) | 0.94 | ||||
Distributions paid to shareholders from: | |||||||||
Net investment income
|
(0.47) | (0.38) | (0.36) | (0.46) | (0.36) | ||||
Net asset value, end of period
|
$30.99 | $33.35 | $30.22 | $18.85 | $22.12 | ||||
Total return
(a)
|
(5.57)% | 11.62% | 62.65% | (12.98)% | 4.45% | ||||
Ratios to average net assets/supplemental data: | |||||||||
Net assets, end of period (in 000’s)
|
$ 17,046 | $ 21,678 | $ 25,689 | $ 15,081 | $ 18,800 | ||||
Ratio of total expenses to average net
assets
|
0.60% | 0.60% | 0.60% | 0.60% | 0.60% | ||||
Ratio of net investment income (loss) to average
net assets
|
1.60% | 1.13% | 1.41% | 2.03% | 1.72% | ||||
Portfolio turnover rate (b)
|
30% | 21% | 34% | 24% | 28% |
(a) | 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. |
(b) | 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 March 31, | |||||||||
2023 | 2022 | 2021 | 2020 | 2019 | |||||
Net asset value, beginning of period
|
$ 29.40 | $ 27.75 | $ 15.85 | $ 21.31 | $ 21.18 | ||||
Income from investment operations: | |||||||||
Net investment income (loss)
|
0.49 | 0.35 | 0.33 | 0.39 | 0.32 | ||||
Net realized and unrealized gain (loss)
|
(1.84) | 1.65 | 11.90 | (5.45) | 0.12 | ||||
Total from investment operations
|
(1.35) | 2.00 | 12.23 | (5.06) | 0.44 | ||||
Distributions paid to shareholders from: | |||||||||
Net investment income
|
(0.50) | (0.35) | (0.33) | (0.40) | (0.31) | ||||
Net asset value, end of period
|
$27.55 | $29.40 | $27.75 | $15.85 | $21.31 | ||||
Total return
(a)
|
(4.47)% | 7.26% | 77.60% | (24.23)% | 2.16% | ||||
Ratios to average net assets/supplemental data: | |||||||||
Net assets, end of period (in 000’s)
|
$ 12,397 | $ 16,171 | $ 16,647 | $ 11,096 | $ 13,853 | ||||
Ratio of total expenses to average net
assets
|
0.60% | 0.60% | 0.60% | 0.60% | 0.60% | ||||
Ratio of net investment income (loss) to average
net assets
|
1.71% | 1.22% | 1.46% | 1.76% | 1.70% | ||||
Portfolio turnover rate (b)
|
51% | 43% | 60% | 43% | 42% |
(a) | 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. |
(b) | 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 March 31, | |||||||||
2023 | 2022 | 2021 | 2020 | 2019 | |||||
Net asset value, beginning of period
|
$ 28.97 | $ 28.18 | $ 14.87 | $ 20.84 | $ 20.88 | ||||
Income from investment operations: | |||||||||
Net investment income (loss)
|
0.56 | 0.46 | 0.28 | 0.36 | 0.46 | ||||
Net realized and unrealized gain (loss)
|
(2.42) | 0.78 | 13.34 | (5.98) | (0.09) | ||||
Total from investment operations
|
(1.86) | 1.24 | 13.62 | (5.62) | 0.37 | ||||
Distributions paid to shareholders from: | |||||||||
Net investment income
|
(0.55) | (0.45) | (0.31) | (0.35) | (0.41) | ||||
Net asset value, end of period
|
$26.56 | $28.97 | $28.18 | $14.87 | $20.84 | ||||
Total return
(a)
|
(6.28)% | 4.39% | 92.49% | (27.51)% | 1.78% | ||||
Ratios to average net assets/supplemental data: | |||||||||
Net assets, end of period (in 000’s)
|
$ 27,887 | $ 21,725 | $ 9,864 | $ 5,946 | $ 5,210 | ||||
Ratio of total expenses to average net
assets
|
0.60% | 0.60% | 0.60% | 0.60% | 0.60% | ||||
Ratio of net investment income (loss) to average
net assets
|
2.22% | 1.79% | 1.37% | 1.97% | 2.25% | ||||
Portfolio turnover rate (b)
|
72% | 49% | 71% | 52% | 52% |
(a) | 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. |
(b) | 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 March 31, | |||||||||
2023 | 2022 | 2021 | 2020 | 2019 | |||||
Net asset value, beginning of period
|
$ 30.48 | $ 28.07 | $ 17.50 | $ 21.73 | $ 21.09 | ||||
Income from investment operations: | |||||||||
Net investment income (loss)
|
0.79 | 0.64 | 0.58 | 0.73 | 0.78 | ||||
Net realized and unrealized gain (loss)
|
(2.14) | 2.40 | 10.61 | (4.24) | 0.58 | ||||
Total from investment operations
|
(1.35) | 3.04 | 11.19 | (3.51) | 1.36 | ||||
Distributions paid to shareholders from: | |||||||||
Net investment income
|
(0.76) | (0.63) | (0.62) | (0.72) | (0.72) | ||||
Net asset value, end of period
|
$28.37 | $30.48 | $28.07 | $17.50 | $21.73 | ||||
Total return
(a)
|
(4.28)% | 10.86% | 64.82% | (16.81)% | 6.64% | ||||
Ratios to average net assets/supplemental data: | |||||||||
Net assets, end of period (in 000’s)
|
$ 25,534 | $ 18,291 | $ 8,422 | $ 4,375 | $ 5,434 | ||||
Ratio of total expenses to average net
assets
|
0.50% | 0.50% | 0.50% | 0.50% | 0.50% | ||||
Ratio of net investment income (loss) to average
net assets
|
3.00% | 2.33% | 2.65% | 3.23% | 2.98% | ||||
Portfolio turnover rate (b)
|
52% | 41% | 89% | 78% | 98% |
(a) | 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. |
(b) | 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 |
Developed
International Equity Select ETF Emerging Markets Equity Select ETF Large Cap US Equity Select ETF Mid Cap US Equity Select ETF Small Cap US Equity Select ETF US Equity Dividend Select ETF |
Nasdaq
Riskalyze Developed MarketsTM
Index Nasdaq Riskalyze Emerging MarketsTM Index Nasdaq Riskalyze US Large CapTM Index Nasdaq Riskalyze US Mid CapTM Index Nasdaq Riskalyze US Small CapTM Index Nasdaq Riskalyze US Large Cap Select DividendTM 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. |
1) | the value of similar foreign securities traded on other foreign markets; |
2) | ADR trading of similar securities; |
3) | closed-end fund or exchange-traded fund trading of similar securities; |
4) | foreign currency exchange activity; |
5) | the trading prices of financial products that are tied to baskets of foreign securities; |
6) | factors relating to the event that precipitated the pricing problem; |
7) | whether the event is likely to recur; |
8) | whether the effects of the event are isolated or whether they affect entire markets, countries or regions; and |
9) | 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 | |||
Developed International Equity Select ETF
|
$ 486,763 | $ — | $ — | ||
Emerging Markets Equity Select ETF
|
254,643 | — | — | ||
Large Cap US Equity Select ETF
|
305,626 | — | — | ||
Mid Cap US Equity Select ETF
|
277,601 | — | — | ||
Small Cap US Equity Select ETF
|
545,516 | — | — | ||
US Equity Dividend Select ETF
|
571,256 | — | — |
Distributions paid from Ordinary Income |
Distributions paid from Capital Gains |
Distributions paid from Return of Capital | |||
Developed International Equity Select ETF
|
$ 703,193 | $ — | $ — | ||
Emerging Markets Equity Select ETF
|
180,487 | — | 49,961 | ||
Large Cap US Equity Select ETF
|
328,071 | — | — | ||
Mid Cap US Equity Select ETF
|
244,191 | — | — | ||
Small Cap US Equity Select ETF
|
261,631 | — | — | ||
US Equity Dividend Select ETF
|
359,126 | — | — |
Undistributed Ordinary Income |
Accumulated Capital and Other Gain (Loss) |
Net Unrealized Appreciation (Depreciation) | |||
Developed International Equity Select ETF
|
$ 105,700 | $ (4,165,895) | $ 1,002,257 | ||
Emerging Markets Equity Select ETF
|
32,465 | (1,750,106) | 107,744 | ||
Large Cap US Equity Select ETF
|
19,487 | (1,989,412) | 80,766 | ||
Mid Cap US Equity Select ETF
|
7,814 | (2,665,399) | (784,908) | ||
Small Cap US Equity Select ETF
|
37,020 | (2,797,779) | (872,550) | ||
US Equity Dividend Select ETF
|
63,315 | (1,226,146) | (841,690) |
Non-Expiring Capital Loss Carryforward | |
Developed International Equity Select ETF
|
$ 4,165,895 |
Emerging Markets Equity Select ETF
|
1,750,106 |
Large Cap US Equity Select ETF
|
1,989,412 |
Mid Cap US Equity Select ETF
|
2,665,399 |
Small Cap US Equity Select ETF
|
2,797,779 |
US Equity Dividend Select ETF
|
1,226,146 |
Accumulated Net Investment Income (Loss) |
Accumulated Net Realized Gain (Loss) on Investments |
Paid-in Capital | |||
Developed International Equity Select ETF
|
$ 8,147 | $ (101,524) | $ 93,377 | ||
Emerging Markets Equity Select ETF
|
(3,456) | 3,456 | — | ||
Large Cap US Equity Select ETF
|
— | (992,769) | 992,769 | ||
Mid Cap US Equity Select ETF
|
753 | (1,541,392) | 1,540,639 | ||
Small Cap US Equity Select ETF
|
— | (1,164,877) | 1,164,877 | ||
US Equity Dividend Select ETF
|
— | (56) | 56 |
Tax Cost | Gross Unrealized Appreciation |
Gross Unrealized (Depreciation) |
Net
Unrealized Appreciation (Depreciation) | ||||
Developed International Equity Select ETF
|
$ 18,394,837 | $ 2,033,851 | $ (1,030,935) | $ 1,002,916 | |||
Emerging Markets Equity Select ETF
|
8,807,805 | 1,023,237 | (879,590) | 143,647 | |||
Large Cap US Equity Select ETF
|
16,935,218 | 1,621,288 | (1,540,522) | 80,766 | |||
Mid Cap US Equity Select ETF
|
13,163,932 | 971,394 | (1,756,302) | (784,908) | |||
Small Cap US Equity Select ETF
|
28,741,175 | 2,086,217 | (2,958,767) | (872,550) | |||
US Equity Dividend Select ETF
|
26,288,872 | 1,243,556 | (2,085,246) | (841,690) |
Breakpoints | RNDM | RNEM |
Fund net assets up to and including $2.5 billion | 0.65000% | 0.75000% |
Fund net assets greater than $2.5 billion up to and including $5 billion | 0.63375% | 0.73125% |
Fund net assets greater than $5 billion up to and including $7.5 billion | 0.61750% | 0.71250% |
Fund net assets greater than $7.5 billion up to and including $10 billion | 0.60125% | 0.69375% |
Fund net assets greater than $10 billion | 0.58500% | 0.67500% |
Breakpoints | RNLC | RNMC | RNSC | RNDV |
Fund net assets up to and including $2.5 billion | 0.600% | 0.600% | 0.600% | 0.5000% |
Fund net assets greater than $2.5 billion up to and including $5 billion | 0.585% | 0.585% | 0.585% | 0.4875% |
Fund net assets greater than $5 billion up to and including $7.5 billion | 0.570% | 0.570% | 0.570% | 0.4750% |
Fund net assets greater than $7.5 billion up to and including $10 billion | 0.555% | 0.555% | 0.555% | 0.4625% |
Fund net assets greater than $10 billion up to and including $15 billion | 0.540% | 0.540% | 0.540% | 0.4500% |
Fund net assets greater than $15 billion | 0.510% | 0.510% | 0.510% | 0.4250% |
Developed International Equity Select ETF | 0.65% |
Emerging Markets Equity Select ETF | 0.75% |
Large Cap US Equity Select ETF | 0.60% |
Mid Cap US Equity Select ETF | 0.60% |
Small Cap US Equity Select ETF | 0.60% |
US Equity Dividend Select ETF | 0.50% |
Purchases | Sales | ||
Developed International Equity Select ETF | $ 13,592,378 | $ 13,598,041 | |
Emerging Markets Equity Select ETF | 7,329,360 | 5,412,565 | |
Large Cap US Equity Select ETF | 5,947,051 | 5,948,037 | |
Mid Cap US Equity Select ETF | 8,031,405 | 8,003,313 | |
Small Cap US Equity Select ETF | 18,203,839 | 18,044,498 | |
US Equity Dividend Select ETF | 10,622,529 | 10,574,808 | |
Purchases | Sales | ||
Developed International Equity Select ETF | $ 3,977,903 | $ 6,742,375 | |
Emerging Markets Equity Select ETF | 462,995 | — | |
Large Cap US Equity Select ETF | 3,120,346 | 5,929,031 | |
Mid Cap US Equity Select ETF | 5,678,930 | 8,527,661 | |
Small Cap US Equity Select ETF | 16,189,913 | 8,171,684 | |
US Equity Dividend Select ETF | 8,535,600 | — |
Dividends Received Deduction | |
Developed International Equity Select ETF
|
0.00% |
Emerging Markets Equity Select ETF
|
0.00% |
Large Cap US Equity Select ETF
|
100.00% |
Mid Cap US Equity Select ETF
|
100.00% |
Small Cap US Equity Select ETF
|
100.00% |
US Equity Dividend Select ETF
|
100.00% |
Qualified Dividend Income | |
Developed International Equity Select ETF
|
100.00% |
Emerging Markets Equity Select ETF
|
59.84% |
Large Cap US Equity Select ETF
|
100.00% |
Mid Cap US Equity Select ETF
|
100.00% |
Small Cap US Equity Select ETF
|
100.00% |
US Equity Dividend Select ETF
|
100.00% |
Gross Foreign Income | Foreign Taxes Paid | ||||||
Amount | Per Share | Amount | Per Share | ||||
Developed International Equity Select ETF
|
$707,408 | $1.77 | $69,016 | $0.17 | |||
Emerging Markets Equity Select ETF
|
$432,334 | $2.16 | $71,766 | $0.36 |
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) | 228 | None |
Thomas
R. Kadlec, Trustee (1957) |
• Indefinite
Term • Since Inception |
Retired; President, ADM Investor Services, Inc. (Futures Commission Merchant) (2010 to July 2022) | 228 | 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) | 228 | 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) | 228 | 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) | 228 | 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) | 228 | 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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