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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 7/31/22 |
5
Years Ended 7/31/22 |
Inception (8/24/16) to 7/31/22 |
5
Years Ended 7/31/22 |
Inception (8/24/16) to 7/31/22 | ||
Fund Performance | ||||||
NAV | 1.82% | 10.11% | 10.46% | 61.88% | 80.51% | |
Market Price | 1.82% | 10.09% | 10.46% | 61.73% | 80.51% | |
Index Performance | ||||||
S&P 500® Index | -4.64% | 12.83% | 13.46% | 82.85% | 111.56% |
Performance | ||||||
Average Annual Total Returns |
Cumulative Total Returns | |||||
1
Year Ended 7/31/22 |
5
Years Ended 7/31/22 |
Inception (8/24/16) to 7/31/22 |
5
Years Ended 7/31/22 |
Inception (8/24/16) to 7/31/22 | ||
Fund Performance | ||||||
NAV | -8.50% | 0.01% | 2.04% | 0.03% | 12.71% | |
Market Price | -8.67% | -0.08% | 2.02% | -0.39% | 12.60% | |
Index Performance | ||||||
MSCI EAFE Index | -14.32% | 2.61% | 4.80% | 13.78% | 32.10% |
Performance | |||
Average
Annual Total Returns |
Cumulative Total Returns | ||
1
Year Ended 7/31/22 |
Inception
(4/6/20) to 7/31/22 |
Inception
(4/6/20) to 7/31/22 | |
Fund Performance | |||
NAV | -2.11% | 20.93% | 55.33% |
Market Price | -2.11% | 20.91% | 55.28% |
Index Performance | |||
S&P 1000® Index | -5.86% | 29.66% | 82.58% |
Beginning Account Value February 1, 2022 |
Ending Account Value July 31, 2022 |
Annualized Expense Ratio Based on the Six-Month Period |
Expenses Paid During the Six-Month Period (a) | |
First Trust Horizon Managed Volatility Domestic ETF (HUSV) | ||||
Actual | $1,000.00 | $981.90 | 0.70% | $3.44 |
Hypothetical (5% return before expenses) | $1,000.00 | $1,021.32 | 0.70% | $3.51 |
First Trust Horizon Managed Volatility Developed International ETF (HDMV) | ||||
Actual | $1,000.00 | $934.60 | 0.80% | $3.84 |
Hypothetical (5% return before expenses) | $1,000.00 | $1,020.83 | 0.80% | $4.01 |
First Trust Horizon Managed Volatility Small/Mid ETF (HSMV) | ||||
Actual | $1,000.00 | $987.90 | 0.80% | $3.94 |
Hypothetical (5% return before expenses) | $1,000.00 | $1,020.83 | 0.80% | $4.01 |
(a) | Expenses are equal to the annualized expense ratios as indicated in the table multiplied by the average account value over the period (February 1, 2022 through July 31, 2022), multiplied by 181/365 (to reflect the six-month period). |
Currency Exposure Diversification |
% of Total Investments |
Japanese Yen | 26.1% |
Euro | 18.6 |
Singapore Dollar | 17.5 |
Hong Kong Dollar | 12.2 |
Swiss Franc | 8.2 |
Australian Dollar | 6.8 |
British Pound Sterling | 6.3 |
Swedish Krona | 1.5 |
Norwegian Krone | 1.0 |
Danish Krone | 0.7 |
New Zealand Dollar | 0.6 |
United States Dollar | 0.5 |
Total | 100.0% |
Total Value at 7/31/2022 |
Level
1 Quoted Prices |
Level
2 Significant Observable Inputs |
Level
3 Significant Unobservable Inputs | |
Common Stocks: | ||||
Israel | $ 222,162 | $ 222,162 | $ — | $ — |
Other Country Categories* | 41,527,404 | — | 41,527,404 | — |
Real Estate Investment Trusts* | 3,597,710 | — | 3,597,710 | — |
Rights* | 3,126 | 3,126 | — | — |
Total Investments | $ 45,350,402 | $ 225,288 | $ 45,125,114 | $— |
* | See Portfolio of Investments for country breakout. |
First
Trust Horizon Managed Volatility Domestic ETF (HUSV) |
First
Trust Horizon Managed Volatility Developed International ETF (HDMV) |
First
Trust Horizon Managed Volatility Small/Mid ETF (HSMV) | |||
ASSETS: | |||||
Investments, at value
|
$ 99,400,093 | $ 45,350,402 | $ 15,944,887 | ||
Cash
|
215,976 | 75,501 | 125,285 | ||
Foreign currency
|
— | 111 | — | ||
Receivables: | |||||
Dividends
|
104,574 | 94,927 | 8,230 | ||
Dividend reclaims
|
— | 267,071 | 164 | ||
Miscellaneous
|
— | 25 | — | ||
Total Assets
|
99,720,643 | 45,788,037 | 16,078,566 | ||
LIABILITIES: | |||||
Investment advisory fees payable
|
56,062 | 31,134 | 10,320 | ||
Total Liabilities
|
56,062 | 31,134 | 10,320 | ||
NET ASSETS
|
$99,664,581 | $45,756,903 | $16,068,246 | ||
NET ASSETS consist of: | |||||
Paid-in capital
|
$ 137,005,330 | $ 76,440,817 | $ 16,792,800 | ||
Par value
|
30,000 | 16,000 | 5,000 | ||
Accumulated distributable earnings (loss)
|
(37,370,749) | (30,699,914) | (729,554) | ||
NET ASSETS
|
$99,664,581 | $45,756,903 | $16,068,246 | ||
NET ASSET VALUE, per share
|
$33.22 | $28.60 | $32.14 | ||
Number of shares outstanding (unlimited number of
shares authorized, par value $0.01 per share)
|
3,000,002 | 1,600,002 | 500,002 | ||
Investments, at cost
|
$95,268,512 | $47,772,481 | $15,864,052 | ||
Foreign currency, at cost (proceeds)
|
$— | $110 | $— |
First
Trust Horizon Managed Volatility Domestic ETF (HUSV) |
First
Trust Horizon Managed Volatility Developed International ETF (HDMV) |
First
Trust Horizon Managed Volatility Small/Mid ETF (HSMV) | ||||
INVESTMENT INCOME: | ||||||
Dividends
|
$ 2,593,066 | $ 2,645,804 | $ 290,083 | |||
Interest
|
447 | 472 | — | |||
Foreign withholding tax
|
— | (226,876) | — | |||
Other
|
25 | 151 | 173 | |||
Total investment income
|
2,593,538 | 2,419,551 | 290,256 | |||
EXPENSES: | ||||||
Investment advisory fees
|
839,917 | 582,056 | 123,009 | |||
Total expenses
|
839,917 | 582,056 | 123,009 | |||
NET INVESTMENT INCOME (LOSS)
|
1,753,621 | 1,837,495 | 167,247 | |||
NET REALIZED AND UNREALIZED GAIN (LOSS): | ||||||
Net realized gain (loss) on: | ||||||
Investments
|
6,447,419 | (406,851) | (556,599) | |||
In-kind redemptions
|
4,272,542 | (120,093) | 923,509 | |||
Foreign currency transactions
|
— | (44,623) | — | |||
Net realized gain (loss)
|
10,719,961 | (571,567) | 366,910 | |||
Net change in unrealized appreciation (depreciation) on: | ||||||
Investments
|
(10,221,164) | (8,114,955) | (864,174) | |||
Foreign currency translation
|
— | (26,656) | — | |||
Net change in unrealized appreciation
(depreciation)
|
(10,221,164) | (8,141,611) | (864,174) | |||
NET REALIZED AND UNREALIZED GAIN (LOSS)
|
498,797 | (8,713,178) | (497,264) | |||
NET INCREASE (DECREASE) IN NET ASSETS RESULTING
FROM OPERATIONS
|
$ 2,252,418 | $(6,875,683) | $(330,017) |
First Trust Horizon Managed Volatility Domestic ETF (HUSV) |
First Trust Horizon Managed Volatility Developed International ETF (HDMV) | ||||||
Year Ended 7/31/2022 |
Year Ended 7/31/2021 |
Year Ended 7/31/2022 |
Year Ended 7/31/2021 | ||||
OPERATIONS: | |||||||
Net investment income (loss)
|
$ 1,753,621 | $ 2,290,770 | $ 1,837,495 | $ 2,610,309 | |||
Net realized gain (loss)
|
10,719,961 | 32,204,187 | (571,567) | 10,415,785 | |||
Net increase from payment by the advisor
|
— | — | — | 6,254 | |||
Net change in unrealized appreciation
(depreciation)
|
(10,221,164) | (4,733,783) | (8,141,611) | 3,610,545 | |||
Net increase (decrease) in net assets resulting
from operations
|
2,252,418 | 29,761,174 | (6,875,683) | 16,642,893 | |||
DISTRIBUTIONS TO SHAREHOLDERS FROM: | |||||||
Investment operations
|
(1,660,766) | (2,308,451) | (1,931,942) | (2,737,667) | |||
SHAREHOLDER TRANSACTIONS: | |||||||
Proceeds from shares sold
|
20,067,842 | 127,467,991 | 1,508,580 | — | |||
Cost of shares redeemed
|
(41,752,654) | (248,985,087) | (33,905,829) | (50,656,967) | |||
Net increase (decrease) in net assets resulting
from shareholder transactions
|
(21,684,812) | (121,517,096) | (32,397,249) | (50,656,967) | |||
Total increase (decrease) in net assets
|
(21,093,160) | (94,064,373) | (41,204,874) | (36,751,741) | |||
NET ASSETS: | |||||||
Beginning of period
|
120,757,741 | 214,822,114 | 86,961,777 | 123,713,518 | |||
End of period
|
$99,664,581 | $120,757,741 | $45,756,903 | $86,961,777 | |||
CHANGES IN SHARES OUTSTANDING: | |||||||
Shares outstanding, beginning of period
|
3,650,002 | 7,900,002 | 2,700,002 | 4,400,002 | |||
Shares sold
|
600,000 | 4,600,000 | 50,000 | — | |||
Shares redeemed
|
(1,250,000) | (8,850,000) | (1,150,000) | (1,700,000) | |||
Shares outstanding, end of period
|
3,000,002 | 3,650,002 | 1,600,002 | 2,700,002 |
First Trust Horizon Managed Volatility Small/Mid ETF (HSMV) | ||
Year Ended 7/31/2022 |
Year Ended 7/31/2021 | |
$ 167,247 | $ 155,806 | |
366,910 | 4,216,877 | |
— | — | |
(864,174) | (131,960) | |
(330,017) | 4,240,723 | |
(133,705) | (160,236) | |
6,741,624 | 23,515,729 | |
(5,115,847) | (32,712,721) | |
1,625,777 | (9,196,992) | |
1,162,055 | (5,116,505) | |
14,906,191 | 20,022,696 | |
$16,068,246 | $14,906,191 | |
450,002 | 800,002 | |
200,000 | 800,000 | |
(150,000) | (1,150,000) | |
500,002 | 450,002 |
Year Ended July 31, | |||||||||
2022 | 2021 | 2020 | 2019 | 2018 | |||||
Net asset value, beginning of period
|
$ 33.08 | $ 27.19 | $ 26.71 | $ 23.49 | $ 22.03 | ||||
Income from investment operations: | |||||||||
Net investment income (loss)
|
0.51 | 0.46 | 0.37 | 0.37 | 0.30 | ||||
Net realized and unrealized gain (loss)
|
0.10 | 5.87 | 0.52 | 3.17 | 1.46 | ||||
Total from investment operations
|
0.61 | 6.33 | 0.89 | 3.54 | 1.76 | ||||
Distributions paid to shareholders from: | |||||||||
Net investment income
|
(0.47) | (0.44) | (0.41) | (0.32) | (0.30) | ||||
Net asset value, end of period
|
$33.22 | $33.08 | $27.19 | $26.71 | $23.49 | ||||
Total return
(a)
|
1.82% | 23.48% | 3.41% | 15.24% | 8.04% | ||||
Ratios to average net assets/supplemental data: | |||||||||
Net assets, end of period (in 000’s)
|
$ 99,665 | $ 120,758 | $ 214,822 | $ 224,389 | $ 133,888 | ||||
Ratio of total expenses to average net
assets
|
0.70% | 0.70% | 0.70% | 0.70% | 0.70% | ||||
Ratio of net investment income (loss) to average
net assets
|
1.46% | 1.42% | 1.39% | 1.58% | 1.37% | ||||
Portfolio turnover rate (b)
|
76% | 152% | 211% | 147% | 157% |
(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 July 31, | |||||||||
2022 | 2021 | 2020 | 2019 | 2018 | |||||
Net asset value, beginning of period
|
$ 32.21 | $ 28.12 | $ 32.92 | $ 33.72 | $ 33.05 | ||||
Income from investment operations: | |||||||||
Net investment income (loss)
|
0.90 | 0.89 | 0.65 | 0.86 | 0.91 | ||||
Net realized and unrealized gain (loss)
|
(3.62) | 4.13 | (4.61) | (0.79) | 0.87 | ||||
Total from investment operations
|
(2.72) | 5.02 | (3.96) | 0.07 | 1.78 | ||||
Distributions paid to shareholders from: | |||||||||
Net investment income
|
(0.89) | (0.93) | (0.84) | (0.87) | (1.11) | ||||
Net asset value, end of period
|
$28.60 | $32.21 | $28.12 | $32.92 | $33.72 | ||||
Total return
(a)
|
(8.50)% | 18.01% (b) | (12.37)% | 0.21% | 5.48% | ||||
Ratios to average net assets/supplemental data: | |||||||||
Net assets, end of period (in 000’s)
|
$ 45,757 | $ 86,962 | $ 123,714 | $ 128,394 | $ 59,010 | ||||
Ratio of total expenses to average net
assets
|
0.80% | 0.80% | 0.80% | 0.80% | 0.80% | ||||
Ratio of net investment income (loss) to average
net assets
|
2.53% | 2.68% | 2.08% | 2.74% | 2.73% | ||||
Portfolio turnover rate (c)
|
65% | 127% | 196% | 99% | 133% |
(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) | The Fund received a reimbursement from the advisor in the amount of $6,254, which represents less than $0.01 per share. Since the advisor reimbursed the Fund, there was no effect on the Fund’s total return. |
(c) | 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 July 31, | Period Ended 7/31/2020 (a) | ||||
2022 | 2021 | ||||
Net asset value, beginning of period
|
$ 33.12 | $ 25.03 | $ 21.10 | ||
Income from investment operations: | |||||
Net investment income (loss)
|
0.36 | 0.29 | 0.02 | ||
Net realized and unrealized gain (loss)
|
(1.05) | 8.09 | 3.92 | ||
Total from investment operations
|
(0.69) | 8.38 | 3.94 | ||
Distributions paid to shareholders from: | |||||
Net investment income
|
(0.29) | (0.29) | (0.01) | ||
Net realized gain
|
— | (0.00) (b) | — | ||
Total distributions
|
(0.29) | (0.29) | (0.01) | ||
Net asset value, end of period
|
$32.14 | $33.12 | $25.03 | ||
Total return
(c)
|
(2.11)% | 33.72% | 18.67% | ||
Ratios to average net assets/supplemental data: | |||||
Net assets, end of period (in 000’s)
|
$ 16,068 | $ 14,906 | $ 20,023 | ||
Ratio of total expenses to average net
assets
|
0.80% | 0.80% | 0.80% (d) | ||
Ratio of net investment income (loss) to average
net assets
|
1.09% | 1.02% | 0.60% (d) | ||
Portfolio turnover rate (e)
|
71% | 118% | 5% |
(a) | Inception date is April 6, 2020, which is consistent with the commencement of investment operations and is the date the initial creation units were established. |
(b) | Amount represents less than $0.01 per share. |
(c) | 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. |
(d) | Annualized. |
(e) | 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. |
1) | the type of security; |
2) | the size of the holding; |
3) | the initial cost of the security; |
4) | transactions in comparable securities; |
5) | price quotes from dealers and/or third-party pricing services; |
6) | relationships among various securities; |
7) | information obtained by contacting the issuer, analysts, or the appropriate stock exchange; |
8) | an analysis of the issuer’s financial statements; and |
9) | the existence of merger proposals or tender offers that might affect the value of the security. |
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; and |
8) | whether the effects of the event are isolated or whether they affect entire markets, countries or regions. |
• | 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 Horizon Managed Volatility Domestic
ETF
|
$ 1,660,766 | $ — | $ — | ||
First Trust Horizon Managed Volatility Developed
International ETF
|
1,931,942 | — | — | ||
First Trust Horizon Managed Volatility Small/Mid
ETF
|
133,705 | — | — |
Distributions paid from Ordinary Income |
Distributions paid from Capital Gains |
Distributions paid from Return of Capital | |||
First Trust Horizon Managed Volatility Domestic
ETF
|
$ 2,308,451 | $ — | $ — | ||
First Trust Horizon Managed Volatility Developed
International ETF
|
2,737,667 | — | — | ||
First Trust Horizon Managed Volatility Small/Mid
ETF
|
160,081 | 155 | — |
Undistributed Ordinary Income |
Accumulated Capital and Other Gain (Loss) |
Net Unrealized Appreciation (Depreciation) | |||
First Trust Horizon Managed Volatility Domestic
ETF
|
$ 255,958 | $ (41,741,623) | $ 4,114,916 | ||
First Trust Horizon Managed Volatility Developed
International ETF
|
290,248 | (28,457,956) | (2,532,206) | ||
First Trust Horizon Managed Volatility Small/Mid
ETF
|
38,219 | (729,173) | (38,600) |
Non-Expiring Capital Loss Carryforward | |
First Trust Horizon Managed Volatility Domestic
ETF
|
$ 41,741,623 |
First Trust Horizon Managed Volatility Developed
International ETF
|
28,457,956 |
First Trust Horizon Managed Volatility Small/Mid
ETF
|
729,173 |
Accumulated Net Investment Income (Loss) |
Accumulated Net Realized Gain (Loss) on Investments |
Paid-in Capital | |||
First Trust Horizon Managed Volatility Domestic
ETF
|
$ — | $ (4,099,610) | $ 4,099,610 | ||
First Trust Horizon Managed Volatility Developed
International ETF
|
70,823 | 314,928 | (385,751) | ||
First Trust Horizon Managed Volatility Small/Mid
ETF
|
671 | (911,043) | 910,372 |
Tax Cost | Gross Unrealized Appreciation |
Gross Unrealized (Depreciation) |
Net
Unrealized Appreciation (Depreciation) | ||||
First Trust Horizon Managed Volatility Domestic
ETF
|
$ 95,285,177 | $ 7,434,999 | $ (3,320,083) | $ 4,114,916 | |||
First Trust Horizon Managed Volatility Developed
International ETF
|
47,868,811 | 1,524,323 | (4,042,732) | (2,518,409) | |||
First Trust Horizon Managed Volatility Small/Mid
ETF
|
15,983,487 | 940,245 | (978,845) | (38,600) |
Purchases | Sales | ||
First Trust Horizon Managed Volatility Domestic ETF | $ 91,486,401 | $ 91,275,273 | |
First Trust Horizon Managed Volatility Developed International ETF | 46,173,814 | 46,262,093 | |
First Trust Horizon Managed Volatility Small/Mid ETF | 11,063,594 | 10,910,442 | |
Purchases | Sales | ||
First Trust Horizon Managed Volatility Domestic ETF | $ 20,011,777 | $ 41,630,281 | |
First Trust Horizon Managed Volatility Developed International ETF | 1,337,212 | 33,667,643 | |
First Trust Horizon Managed Volatility Small/Mid ETF | 6,726,058 | 5,118,890 |
Individual Funds Included in the Trust | Financial Highlights |
First Trust Horizon Managed Volatility Domestic ETF (HUSV) | For the years ended July 31, 2022, 2021, 2020, 2019, and 2018 |
First Trust Horizon Managed Volatility Developed International ETF (HDMV) | For the years ended July 31, 2022, 2021, 2020, 2019, and 2018 |
First Trust Horizon Managed Volatility Small/Mid ETF (HSMV) | For the years ended July 31, 2022 and 2021, and for the period from April 6, 2020 (commencement of operations) through July 31, 2020 |
Dividends Received Deduction | |
First Trust Horizon Managed Volatility Domestic
ETF
|
100.00% |
First Trust Horizon Managed Volatility Developed
International ETF
|
0.00% |
First Trust Horizon Managed Volatility Small/Mid
ETF
|
100.00% |
Qualified Dividend Income | |
First Trust Horizon Managed Volatility Domestic
ETF
|
100.00% |
First Trust Horizon Managed Volatility Developed
International ETF
|
94.16% |
First Trust Horizon Managed Volatility Small/Mid
ETF
|
100.00% |
Gross Foreign Income | Foreign Taxes Paid | ||||||
Amount | Per Share | Amount | Per Share | ||||
First Trust Horizon Managed Volatility Developed
International ETF
|
$ 2,645,797 | $ 1.65 | $ 219,588 | $ 0.14 |
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) | 220 | None |
Thomas
R. Kadlec, Trustee (1957) |
• Indefinite
Term • Since Inception |
Retired; President, ADM Investor Services, Inc. (Futures Commission Merchant) (2010 to July 2022) | 220 | 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) | 220 | 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) | 220 | 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) | 220 | 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) | 220 | 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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