First Trust Innovation Leaders ETF (ILDR)
Investment Objective/Strategy - The First Trust Innovation Leaders ETF (the "Fund") seeks to provide capital appreciation. Under normal market conditions, the Fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in common stock and depository receipts issued by U.S. and non-U.S. companies that may benefit from the development or application of scientific and technological innovation. This includes, but is not limited to, companies that are poised to benefit from new products or services, scientific research, technological improvements and/or enhancements to existing products or services related to automation, advanced medicine, networks, advanced computing, enhanced mobility, energy revolution and e-commerce.
There can be no assurance that the Fund's investment objectives will be achieved.
Fund Overview
Fund TypeGrowth
Investment AdvisorFirst Trust Advisors L.P.
Investor Servicing AgentBank of New York Mellon Corp
Fiscal Year-End08/31
ExchangeNYSE Arca
Inception Price$20.07
Inception NAV$20.07
Expense Ratio0.75%
Current Fund Data (as of 5/20/2022)
Closing NAV1$14.42
Closing Market Price2$14.44
Bid/Ask Midpoint$14.45
Bid/Ask Premium0.21%
30-Day Median Bid/Ask Spread30.79%
Total Net Assets$2,883,162
Outstanding Shares200,002
Daily Volume780
Average 30-Day Daily Volume1,332
Closing Market Price 52-Week High/Low$23.70 / $13.74
Closing NAV 52-Week High/Low$23.60 / $13.72
Number of Holdings (excluding cash)80
Top Holdings (as of 5/20/2022)*
Holding Percent
Alphabet Inc. (Class C) 5.61%, Inc. 4.92%
Microsoft Corporation 2.98%
NVIDIA Corporation 2.90%
Uber Technologies, Inc. 2.43%
Autodesk, Inc. 2.34%
Alnylam Pharmaceuticals, Inc. 2.31%
Regeneron Pharmaceuticals, Inc. 2.31%
Vertex Pharmaceuticals Incorporated 2.24%
Siemens AG 2.11%

* 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.$19,121
Minimum Market Cap.$410
Price/Cash Flow22.25
Top Country Exposure (as of 5/20/2022)
Country Percent
United States 91.17%
The Netherlands 2.78%
Germany 2.14%
France 1.63%
Switzerland 1.41%
United Kingdom 0.87%
Bid/Ask Premium/Discount (as of 5/20/2022)
  2021 Q1 2022 Q2 2022 Q3 2022
Days Traded at Premium 152 61 34 ---
Days Traded at Discount 1 1 1 ---
Top Industry Exposure (as of 5/20/2022)
Software 19.93%
Biotechnology 14.30%
Semiconductors & Semiconductor Equipment 11.10%
Interactive Media & Services 8.00%
IT Services 7.96%
Electronic Equipment, Instruments & Components 6.73%
Internet & Direct Marketing Retail 5.49%
Health Care Equipment & Supplies 4.62%
Industrial Conglomerates 3.11%
Aerospace & Defense 3.07%
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) -16.83% -27.66% N/A N/A N/A N/A -21.55%
After Tax Held -16.83% -27.66% N/A N/A N/A N/A -21.60%
After Tax Sold -9.96% -16.37% N/A N/A N/A N/A -12.75%
Market Price -16.64% -27.51% N/A N/A N/A N/A -21.25%
Index Performance **
Russell 3000® Growth Index -12.46% -20.22% N/A N/A N/A N/A -5.21%
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) -12.61% -12.61% N/A N/A N/A N/A -5.23%
After Tax Held -12.61% -12.61% N/A N/A N/A N/A -5.29%
After Tax Sold -7.46% -7.46% N/A N/A N/A N/A -3.09%
Market Price -12.59% -12.59% N/A N/A N/A N/A -5.03%
Index Performance **
Russell 3000® Growth Index -9.25% -9.25% N/A N/A N/A N/A 7.82%

*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 3000® Growth Index - The Index measures the performance of the broad growth segment of the US 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.

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

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.

Depositary receipts may be less liquid than the underlying shares in their primary trading market.

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.

The fund invests in companies believed to offer exposure to emerging opportunities across areas of innovation. However, companies believed to be capitalizing on these opportunities may not do so. The fund may invest in a company that does not currently derive any revenue from disruptive innovations or technologies, and there is no assurance that a company will derive any revenue from disruptive innovations or technologies in the future. A disruptive innovation or technology may constitute a small portion of a company's overall business. As a result, the success of a disruptive innovation or technology may not affect the value of the equity securities issued by the company.

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

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.

Securities of non-U.S. issuers are subject to additional risks, including currency fluctuations, political risks, withholding, the 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.

High portfolio turnover may result in higher levels of transaction costs and may generate greater tax liabilities for shareholders.

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 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 a 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