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First Trust Active Global Quality Income ETF (AGQI)
Investment Objective/Strategy - The First Trust Active Global Quality Income ETF (the "Fund") seeks income with the potential for capital growth over the long-term. Under normal market conditions, the Fund seeks to invest primarily in income-producing equity securities. Such equity securities may include common stock, depositary receipts (including American Depositary Receipts and Global Depositary Receipts, preferred securities and real estate investment trusts. The Fund invests in U.S. and non-U.S. issuers and will typically invest at least 40% of its net assets in securities of issuers or companies that are economically tied to different countries throughout the world, excluding the United States.
There can be no assurance that the Fund's investment objectives will be achieved.
Fund Overview
Fund TypeGlobal Equity Income
Investment AdvisorFirst Trust Advisors L.P.
Investor Servicing AgentBNY Mellon Investment Servicing (US) Inc.
Portfolio Manager/Sub-AdvisorJanus Henderson Investors US LLC
Fiscal Year-End11/30
ExchangeNYSE Arca
Inception Price$20.00
Inception NAV$19.10
Expense Ratio*0.85%
* As of 11/21/2023
Current Fund Data (as of 6/11/2024)
Closing NAV1$14.39
Closing Market Price2$14.35
Bid/Ask Midpoint$14.34
Bid/Ask Discount0.35%
30-Day Median Bid/Ask Spread30.07%
Total Net Assets$68,794,207
Outstanding Shares4,781,908
Daily Volume18,341
Average 30-Day Daily Volume21,111
Closing Market Price 52-Week High/Low$14.51 / $11.94
Closing NAV 52-Week High/Low$14.52 / $12.16
Number of Holdings (excluding cash)31
Top Holdings (as of 6/11/2024)*
Holding Percent
Microsoft Corporation 6.04%
Taiwan Semiconductor Manufacturing Company Ltd. (ADR) 5.50%
RELX Plc 4.79%
TotalEnergies SE 4.67%
Shell Plc 4.46%
Merck & Co., Inc. 4.42%
nVent Electric Plc 4.11%
Sanofi 3.95%
The Coca-Cola Company 3.77%
Samsung Electronics Co., Ltd. (Preference Shares) 3.58%

* Excluding cash.  Holdings are subject to change.

NAV History (Since Inception)
Past performance is not indicative of future results.
Distribution Information
Dividend per Share Amt (as of 6/12/2024)4$0.0188
30-Day SEC Yield (as of 5/31/2024)52.12%
12-Month Distribution Rate (as of 5/31/2024)61.23%
Fund Characteristics (as of 5/31/2024)7
Maximum Market Cap.$3,085,373
Median Market Cap.$131,663
Minimum Market Cap.$13,511
Price/Cash Flow12.72
Top Country Exposure (as of 6/11/2024)
Country Percent
United States 39.55%
France 15.26%
United Kingdom 11.31%
Other 7.07%
Taiwan 5.52%
Japan 5.31%
Switzerland 5.04%
Korea 3.59%
Denmark 3.56%
Canada 2.33%
Bid/Ask Premium/Discount (as of 6/11/2024)
  2023 Q1 2024 Q2 2024 Q3 2024
Days Traded at Premium 1 6 11 ---
Days Traded at Discount 26 55 40 ---
Top Sector Exposure (as of 6/11/2024)
Information Technology 22.05%
Industrials 16.50%
Health Care 15.16%
Consumer Staples 9.76%
Financials 9.27%
Energy 9.16%
Consumer Discretionary 7.94%
Communication Services 5.16%
Materials 5.00%
Hypothetical Growth of $10,000 Since Inception (as of 6/11/2024) *

Month End Performance (as of 5/31/2024)
  3 Month YTD 1 Year 3 Year 5 Year 10 Year Since
Fund Performance *
Net Asset Value (NAV) 5.43% 7.97% 12.95% 3.00% 6.30% N/A 4.41%
After Tax Held 5.37% 7.91% 11.34% 0.83% 3.50% N/A 1.16%
After Tax Sold 3.21% 4.71% 7.56% 1.25% 3.46% N/A 1.76%
Market Price 5.44% 8.06% 18.13% 6.86% 8.63% N/A 3.83%
Index Performance **
MSCI ACWI High Dividend Yield Index 3.64% 4.84% 15.64% 2.92% 7.48% N/A 7.97%
MSCI ACWI Index 3.79% 8.88% 23.56% 5.13% 11.68% N/A 10.65%
MSCI Europe Index 6.70% 8.24% 19.71% 4.13% 9.03% N/A 7.33%
Quarter End Performance (as of 3/28/2024)
  3 Month YTD 1 Year 3 Year 5 Year 10 Year Since
Fund Performance *
Net Asset Value (NAV) 4.80% 4.80% 7.78% 4.71% 4.41% N/A 4.13%
After Tax Held 4.75% 4.75% 5.79% 2.38% 1.52% N/A 0.83%
After Tax Sold 2.84% 2.84% 4.51% 2.51% 1.96% N/A 1.54%
Market Price 5.04% 5.04% 14.32% 8.94% 6.49% N/A 3.56%
Index Performance **
MSCI ACWI High Dividend Yield Index 5.00% 5.00% 12.75% 4.60% 6.84% N/A 8.15%
MSCI ACWI Index 8.14% 8.14% 23.15% 6.94% 10.90% N/A 10.78%
MSCI Europe Index 5.23% 5.23% 14.11% 6.19% 7.96% N/A 7.12%

*Performance data quoted represents past performance. Past performance is not a guarantee of future results and current performance may be higher or lower than performance quoted. Investment returns and principal value will fluctuate and shares when sold or redeemed, may be worth more or less than their original cost.

After Tax Held returns represent return after taxes on distributions. Assumes shares have not been sold. After Tax Sold returns represent the return after taxes on distributions and the sale of fund shares. Returns do not represent the returns you would receive if you traded shares at other times. Market Price returns are determined by using the midpoint of the national best bid offer price ("NBBO") as of the time that the fund's NAV is calculated. Returns are average annualized total returns, except those for periods of less than one year, which are cumulative.

After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor’s tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.

**Performance information for each listed index is for illustrative purposes only and does not represent actual fund performance. Indexes do not charge management fees or brokerage expenses, and no such fees or expenses were deducted from the performance shown. Indexes are unmanaged and an investor cannot invest directly in an index.

On November 21, 2023, the fund acquired the assets and adopted the performance history of the First Trust Dynamic Europe Equity Income Fund (FDEU), a closed-end fund. As FDEU and the fund have a number of differences, including investment policies and practices and that FDEU utilized leverage while the fund does not utilize leverage. FDEU's past performance is not indicative of how the fund will, or is expected to, perform in the future.

MSCI ACWI High Dividend Yield Index - The Index is designed to reflect the performance of equities in the MSCI ACWI Index (the parent index, excluding REITs) with higher dividend income and quality characteristics than average dividend yields that are both sustainable and persistent.

MSCI ACWI Index - The Index is a free float-adjusted market capitalization-weighted index that is designed to measure the equity market performance of developed and emerging markets.

MSCI Europe Index - The Index is a free float-adjusted market capitalization-weighted index that is designed to measure the equity market performance of 16 developed markets in Europe.

1 The NAV represents the fund's net assets (assets less liabilities) divided by the fund's outstanding shares.
2 Fund shares are purchased and sold on an exchange at their market price rather than net asset value (NAV), which may cause the shares to trade at a price greater than NAV (premium) or less than NAV (discount).
3 The median bid-ask spread is calculated by identifying the national best bid and national best offer ("NBBO") for the fund as of the end of each 10 second interval during each trading day of the last 30 calendar days and dividing the difference between each such bid and offer by the midpoint of the NBBO. The median of those values is identified and that value is expressed as a percentage rounded to the nearest hundredth.
4 Most recent distribution paid or declared to today's date. Subject to change in the future. There is no guarantee that the fund will declare dividends.
5 The 30-day SEC yield is calculated by dividing the net investment income per share earned during the most recent 30-day period by the maximum offering price per share on the last day of the period and includes the effects of fee waivers and expense reimbursements, if applicable.
6 12-Month Distribution Rate is calculated by dividing the sum of the fund's trailing 12-month ordinary distributions paid or declared by the NAV price. Distribution rates may vary.
7 All market capitalization numbers are in USD$ Millions.
8 Inception Date is 9/24/2015

You should consider the fund's investment objectives, risks, and charges and expenses carefully before investing. You can download a prospectus or summary prospectus, or contact First Trust Portfolios L.P. at 1-800-621-1675 to request a prospectus or summary prospectus which contains this and other information about the fund. The prospectus or summary prospectus should be read carefully before investing.

Risk Considerations

You could lose money by investing in a fund. An investment in a fund is not a deposit of a bank and is not insured or guaranteed. There can be no assurance that a fund's objective(s) will be achieved. Investors buying or selling shares on the secondary market may incur customary brokerage commissions. Please refer to each fund's prospectus and Statement of Additional Information for additional details on a fund's risks. The order of the below risk factors does not indicate the significance of any particular risk factor.

Unlike mutual funds, shares of the fund may only be redeemed directly from a fund by authorized participants in very large creation/redemption units. If a fund's authorized participants are unable to proceed with creation/redemption orders and no other authorized participant is able to step forward to create or redeem, fund shares may trade at a premium or discount to a fund's net asset value and possibly face delisting and the bid/ask spread may widen.

Changes in currency exchange rates and the relative value of non-US currencies may affect the value of a fund's investments and the value of a fund's shares.

Current market conditions risk is the risk that a particular investment, or shares of the fund in general, may fall in value due to current market conditions. As a means to fight inflation, the Federal Reserve and certain foreign central banks have raised interest rates and expect to continue to do so, and the Federal Reserve has announced that it intends to reverse previously implemented quantitative easing. Recent and potential future bank failures could result in disruption to the broader banking industry or markets generally and reduce confidence in financial institutions and the economy as a whole, which may also heighten market volatility and reduce liquidity. Ongoing armed conflicts between Russia and Ukraine in Europe and among Israel, Hamas and other militant groups in the Middle East, have caused and could continue to cause significant market disruptions and volatility within the markets in Russia, Europe, the Middle East and the United States. The hostilities and sanctions resulting from those hostilities have and could continue to have a significant impact on certain fund investments as well as fund performance and liquidity. The COVID-19 global pandemic, or any future public health crisis, and the ensuing policies enacted by governments and central banks have caused and may continue to cause significant volatility and uncertainty in global financial markets, negatively impacting global growth prospects.

A fund is susceptible to operational risks through breaches in cyber security. Such events could cause a fund to incur regulatory penalties, reputational damage, additional compliance costs associated with corrective measures and/or financial loss.

Depositary receipts may be less liquid than the underlying shares in their primary trading market and distributions may be subject to a fee. Holders may have limited voting rights, and investment restrictions in certain countries may adversely impact their value.

Companies that issue dividend-paying securities are not required to continue to pay dividends on such securities. Therefore, there is a possibility that such companies could reduce or eliminate the payment of dividends in the future.

Investments in emerging market securities are generally considered speculative and involve additional risks relating to political, economic and regulatory conditions.

Equity securities may decline significantly in price over short or extended periods of time, and such declines may occur in the equity market as a whole, or they may occur in only a particular country, company, industry or sector of the market.

Political or economic disruptions in European countries, even in countries in which a fund is not invested, may adversely affect security values and thus the fund's holdings. A significant number of countries in Europe are member states in the European Union, and the member states no longer control their own monetary policies. In these member states, the authority to direct monetary policies, including money supply and official interest rates for the Euro, is exercised by the European Central Bank. The implications of the United Kingdom's withdrawal from the European Union are difficult to gauge and cannot yet be fully known.

A fund may be a constituent of one or more indices or models which could greatly affect a fund's trading activity, size and volatility.

As inflation increases, the present value of a fund's assets and distributions may decline.

Information technology companies are subject to certain risks, including rapidly changing technologies, short product life cycles, fierce competition, aggressive pricing and reduced profit margins, loss of patent, copyright and trademark protections, cyclical market patterns, evolving industry standards and regulation and frequent new product introductions.

Large capitalization companies may grow at a slower rate than the overall market.

The portfolio managers of an actively managed portfolio will apply investment techniques and risk analyses that may not have the desired result.

Market risk is the risk that a particular security, or shares of a fund in general may fall in value. Securities are subject to market fluctuations caused by such factors as general economic conditions, political events, regulatory or market developments, changes in interest rates and perceived trends in securities prices. Shares of a fund could decline in value or underperform other investments as a result. In addition, local, regional or global events such as war, acts of terrorism, spread of infectious disease or other public health issues, recessions, natural disasters or other events could have significant negative impact on a fund.

A fund faces numerous market trading risks, including the potential lack of an active market for fund shares due to a limited number of market makers. Decisions by market makers or authorized participants to reduce their role or step away in times of market stress could inhibit the effectiveness of the arbitrage process in maintaining the relationship between the underlying values of a fund's portfolio securities and a fund's market price.

A fund classified as "non-diversified" may invest a relatively high percentage of its assets in a limited number of issuers. As a result, a fund may be more susceptible to a single adverse economic or regulatory occurrence affecting one or more of these issuers, experience increased volatility and be highly concentrated in certain issuers.

Securities of non-U.S. issuers are subject to additional risks, including currency fluctuations, political risks, withholding, lack of liquidity, lack of adequate financial information, and exchange control restrictions impacting non-U.S. issuers.

A fund and a fund's advisor may seek to reduce various operational risks through controls and procedures, but it is not possible to completely protect against such risks. The fund also relies on third parties for a range of services, including custody, and any delay or failure related to those services may affect the fund's ability to meet its objective.

Preferred securities combine some of the characteristics of both common stocks and bonds. Preferred stocks are typically subordinated to other debt instruments in terms of priority to corporate income, and therefore will be subject to greater credit risk than those debt instruments.

The market price of a fund's shares will generally fluctuate in accordance with changes in the fund's net asset value ("NAV") as well as the relative supply of and demand for shares on the exchange, and a fund's investment advisor cannot predict whether shares will trade below, at or above their NAV.

Real Estate Investment Trusts ("REITs") are subject to the risks of investing in real estate, including, but not limited to, changes in the real estate market, vacancy rates and competition, volatile interest rates and economic recession. Increases in interest rates typically lower the present value of a REIT's future earnings stream and may make financing property purchases and improvements more costly. The value of a fund will generally decline when investors in REIT stocks anticipate or experience rising interest rates.

A fund with significant exposure to a single asset class, country, region, industry, or sector may be more affected by an adverse economic or political development than a broadly diversified fund.

Securities of small- and mid-capitalization companies may experience greater price volatility and be less liquid than larger, more established companies.

Trading on an exchange may be halted due to market conditions or other reasons. There can be no assurance that a fund's requirements to maintain the exchange listing will continue to be met or be unchanged.

First Trust Advisors L.P. (FTA) is the adviser to the First Trust fund(s). FTA is an affiliate of First Trust Portfolios L.P., the distributor of the fund(s).

CUSIP identifiers have been provided by CUSIP Global Services, managed on behalf of the American Bankers Association by FactSet Research Systems Inc. and are not for use or dissemination in a manner that would serve as a substitute for any CUSIP service. The CUSIP Database, ©2024 CUSIP Global Services. "CUSIP" is a registered trademark of the American Bankers Association.

Not FDIC Insured • Not Bank Guaranteed • May Lose Value
The information presented is not intended to constitute an investment recommendation for, or advice to, any specific person. By providing this information, First Trust is not undertaking to give advice in any fiduciary capacity within the meaning of ERISA, the Internal Revenue Code or any other regulatory framework. Financial professionals are responsible for evaluating investment risks independently and for exercising independent judgment in determining whether investments are appropriate for their clients.
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