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First Trust TCW ESG Premier Equity ETF (EPRE)
Investment Objective/Strategy - The First Trust TCW ESG Premier Equity ETF's (the "Fund") investment objective is to seek to provide investors with long-term capital appreciation. Under normal market conditions, the Fund seeks to achieve its investment objective by investing at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities of U.S. companies that meet the Sub-Advisor's environmental, social and governance (ESG) criteria.
There can be no assurance that the Fund's investment objectives will be achieved.
Fund Overview
Fund TypeESG Equity
Investment AdvisorFirst Trust Advisors L.P.
Investor Servicing AgentBank of New York Mellon Corp
Portfolio Manager/Sub-AdvisorTCW Investment Management Company LLC
Fiscal Year-End08/31
ExchangeNYSE Arca
Inception Price$19.98
Inception NAV$19.98
Expense Ratio0.85%
Current Fund Data (as of 5/20/2022)
Closing NAV1$16.09
Closing Market Price2$16.08
Bid/Ask Midpoint$16.10
Bid/Ask Premium0.06%
30-Day Median Bid/Ask Spread30.24%
Total Net Assets$804,728
Outstanding Shares50,002
Daily Volume0
Average 30-Day Daily Volume112
Closing Market Price 52-Week High/Low$22.07 / $15.86
Closing NAV 52-Week High/Low$22.30 / $15.84
Number of Holdings (excluding cash)21
Top Holdings (as of 5/20/2022)*
Holding Percent
HEICO Corporation 7.72%
Microsoft Corporation 6.12%
TransDigm Group Incorporated 6.01%
Keurig Dr Pepper Inc. 5.66%
S&P Global Inc. 5.03%
Copart, Inc. 4.80%
Fiserv, Inc. 4.78%
Mettler-Toledo International Inc. 4.77%
Morningstar, Inc. 4.58%
AMETEK, Inc. 4.29%

* Excluding cash.  Holdings are subject to change.

NAV History (Since Inception)
Past performance is not indicative of future results.
Fund Characteristics (as of 4/29/2022)4
Maximum Market Cap.$2,075,581
Median Market Cap.$28,637
Minimum Market Cap.$1,144
Price/Cash Flow27.05
Top Sector Exposure (as of 5/20/2022)
Industrials 39.16%
Information Technology 29.53%
Financials 15.95%
Consumer Staples 9.72%
Health Care 5.64%
Bid/Ask Premium/Discount (as of 5/20/2022)
  2021 Q1 2022 Q2 2022 Q3 2022
Days Traded at Premium 153 59 35 ---
Days Traded at Discount 0 3 0 ---
Hypothetical Growth of $10,000 Since Inception (as of 5/19/2022) *

Month End Performance (as of 4/29/2022)
  3 Month YTD 1 Year 3 Year 5 Year 10 Year Since
Fund Performance *
Net Asset Value (NAV) -11.87% -21.44% N/A N/A N/A N/A -13.13%
After Tax Held -11.87% -21.44% N/A N/A N/A N/A -13.41%
After Tax Sold -7.03% -12.69% N/A N/A N/A N/A -7.73%
Market Price -11.91% -21.43% N/A N/A N/A N/A -13.08%
Index Performance **
Russell 1000® Index -8.42% -13.59% N/A N/A N/A N/A -2.05%
Quarter End Performance (as of 3/31/2022)
  3 Month YTD 1 Year 3 Year 5 Year 10 Year Since
Fund Performance *
Net Asset Value (NAV) -14.87% -14.87% N/A N/A N/A N/A -5.87%
After Tax Held -14.87% -14.87% N/A N/A N/A N/A -6.17%
After Tax Sold -8.80% -8.80% N/A N/A N/A N/A -3.44%
Market Price -14.77% -14.77% N/A N/A N/A N/A -5.72%
Index Performance **
Russell 1000® Index -5.13% -5.13% N/A N/A N/A N/A 7.54%

*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.

**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.

Russell 1000® Index - The Index is an unmanaged index used to measure the large-cap U.S. equity universe.

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 All market capitalization numbers are in USD$ Millions.
5 Inception Date is 5/25/2021

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

Investors buying or selling fund shares on the secondary market may incur customary brokerage commissions. Market prices may differ to some degree from the net asset value of the shares. Investors who sell fund shares may receive less than the share's net asset value. Shares may be sold throughout the day on the exchange through any brokerage account. However, unlike mutual funds, shares 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 discount to a fund's net asset value and possibly face delisting.

A fund's shares will change in value, and you could lose money by investing in a fund. One of the principal risks of investing in a fund is market risk. Market risk is the risk that a particular stock owned by a fund, fund shares or stocks in general may fall in value. There can be no assurance that a fund's investment objective will be achieved. In February 2022, Russia invaded Ukraine which has caused and could continue to cause significant market disruptions and volatility within the markets in Russia, Europe, and the United States. The hostilities and sanctions resulting from those hostilities could have a significant impact on certain fund investments as well as fund performance. The COVID-19 global pandemic has caused and may continue to cause significant volatility and declines in global financial markets. While the U.S. has resumed “reasonably” normal business activity, many countries continue to impose lockdown measures. Additionally, there is no guarantee that vaccines will be effective against emerging variants of the disease..

As the use of Internet technology has become more prevalent in the course of business, funds have become more susceptible to potential operational risks through breaches in cyber security.

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.

In managing a fund's investment portfolio, the sub-advisor will apply investment techniques and risk analyses that may not have the desired result.

The stocks of companies that have recently conducted an initial public offering are often subject to price volatility and speculative trading. These stocks may have exhibited above average price appreciation in connection with the initial public offering prior to inclusion in a fund. The price of stocks included in a fund may not continue to appreciate and their performance may not replicate the performance exhibited in the past.

Large inflows and outflows may impact a new fund's market exposure for limited periods of time.

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.

Due to its ESG investment screening, a fund may not be able to invest in certain companies or industries and may forgo certain investment opportunities. This could result in lower performance than other funds without an ESG screen. Investors may differ in their views of ESG characteristics and a fund may invest in companies that do not reflect the beliefs and values of any particular investor.

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.

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.

An investment in SPACs, which are typically traded in the over-the-counter market, may also have little or no liquidity and may be subject to restrictions on resale.

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

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

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.
First Trust Portfolios L.P.  Member SIPC and FINRA. (Form CRS)   •  First Trust Advisors L.P. (Form CRS)
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