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Exchange-Traded Funds - Volume and Net Assets
As of 12/26/2025
  All Exchange-Traded Funds
Fund Name Ascending sort Ticker
Symbol
Inception
Date
Daily
Volume
Average
30-Day
Volume
Total
Net Assets
Market Value
Traded 1
Fact
Sheet
Emerging Markets Equity Select ETF RNEM 06/20/17 59 754 $16,684,287 $3,281 Click here to download a Fact Sheet
First Trust AAA CMBS ETF CAAA 02/27/24 9,140 10,475 $27,697,939 $187,525 Click here to download a Fact Sheet
First Trust Active Factor Large Cap ETF AFLG 12/03/19 15,300 74,069 $470,681,262 $607,715 Click here to download a Fact Sheet
First Trust Active Factor Mid Cap ETF AFMC 12/03/19 4,073 11,540 $98,534,296 $143,332 Click here to download a Fact Sheet
First Trust Active Factor Small Cap ETF AFSM 12/03/19 12,691 26,400 $67,284,263 $426,952 Click here to download a Fact Sheet
First Trust Active Global Quality Income ETF AGQI 09/24/15 1,205 7,688 $56,105,305 $19,991 Click here to download a Fact Sheet
First Trust Alerian Disruptive Technology Real Estate ETF DTRE 08/27/07 606 548 $15,437,041 $23,888 Click here to download a Fact Sheet
First Trust Alerian U.S. NextGen Infrastructure ETF RBLD 10/13/08 92 1,465 $18,895,790 $6,954 Click here to download a Fact Sheet
First Trust Alternative Absolute Return Strategy ETF FAAR 05/18/16 19,827 23,928 $120,810,445 $538,271 Click here to download a Fact Sheet
First Trust Asia Pacific ex-Japan AlphaDEX® Fund FPA 04/18/11 178 1,467 $24,234,916 $6,637 Click here to download a Fact Sheet
First Trust Balanced Income ETF FTBI 05/28/25 1,161 7,529 $15,043,416 $24,951 Click here to download a Fact Sheet
First Trust Bloomberg Artificial Intelligence ETF FAI 11/20/24 6,955 6,777 $33,189,913 $288,544 Click here to download a Fact Sheet
First Trust Bloomberg Emerging Market Democracies ETF EMDM 03/02/23 696 2,722 $12,357,294 $21,502 Click here to download a Fact Sheet
First Trust Bloomberg Inflation Sensitive Equity ETF FTIF 03/13/23 215 152 $1,150,322 $4,946 Click here to download a Fact Sheet
First Trust Bloomberg Nuclear Power ETF RCTR 07/30/25 1,048 5,161 $14,798,461 $34,464 Click here to download a Fact Sheet
First Trust Bloomberg R&D Leaders ETF RND 04/30/24 88 3,050 $4,615,020 $2,707 Click here to download a Fact Sheet
First Trust Bloomberg Shareholder Yield ETF SHRY 06/20/17 229 688 $16,878,168 $9,663 Click here to download a Fact Sheet
First Trust BuyWrite Income ETF FTHI 01/06/14 301,345 566,440 $1,857,504,711 $7,174,053 Click here to download a Fact Sheet
First Trust California Municipal High Income ETF FCAL 06/20/17 29,949 21,451 $201,834,877 $1,474,329 Click here to download a Fact Sheet
First Trust Capital Strength® ETF FTCS 07/06/06 161,503 493,657 $8,155,697,952 $15,122,499 Click here to download a Fact Sheet
First Trust China AlphaDEX® Fund FCA 04/18/11 9,887 10,161 $61,727,345 $283,859 Click here to download a Fact Sheet
First Trust Cloud Computing ETF SKYY 07/05/11 61,138 220,239 $3,065,761,490 $8,096,523 Click here to download a Fact Sheet
First Trust Consumer Discretionary AlphaDEX® Fund FXD 05/08/07 5,165 12,801 $303,154,733 $359,953 Click here to download a Fact Sheet
First Trust Consumer Staples AlphaDEX® Fund FXG 05/08/07 16,772 14,684 $256,962,561 $1,026,137 Click here to download a Fact Sheet
First Trust Core Investment Grade ETF FTCB 11/07/23 163,522 344,675 $1,718,589,444 $3,467,331 Click here to download a Fact Sheet
First Trust Developed Markets ex-US AlphaDEX® Fund FDT 04/18/11 27,315 67,165 $790,427,507 $2,172,870 Click here to download a Fact Sheet
First Trust Developed Markets ex-US Small Cap AlphaDEX® Fund FDTS 02/15/12 99 444 $8,770,700 $5,789 Click here to download a Fact Sheet
First Trust Dividend Strength™ ETF FTDS 12/05/06 10,161 1,746 $25,616,461 $578,417 Click here to download a Fact Sheet
First Trust Dorsey Wright DALI Equity ETF DALI 05/14/18 786 3,913 $119,615,495 $22,931 Click here to download a Fact Sheet
First Trust Dorsey Wright Dynamic Focus 5 ETF FVC 03/17/16 1,022 5,955 $106,632,386 $37,579 Click here to download a Fact Sheet
First Trust Dorsey Wright Focus 5 ETF FV 03/05/14 99,528 129,595 $3,654,829,087 $6,337,244 Click here to download a Fact Sheet
First Trust Dorsey Wright International Focus 5 ETF IFV 07/22/14 4,219 15,077 $189,535,740 $105,217 Click here to download a Fact Sheet
First Trust Dorsey Wright Momentum & Dividend ETF DDIV 03/10/14 4,683 14,135 $65,571,612 $198,111 Click here to download a Fact Sheet
First Trust Dorsey Wright Momentum & Low Volatility ETF DVOL 09/05/18 1,825 7,213 $81,762,609 $64,877 Click here to download a Fact Sheet
First Trust Dorsey Wright Momentum & Value ETF DVLU 09/05/18 6,130 6,818 $36,496,067 $223,720 Click here to download a Fact Sheet
First Trust Dow 30 Equal Weight ETF EDOW 08/08/17 8,269 14,212 $231,344,234 $344,821 Click here to download a Fact Sheet
First Trust Dow Jones Global Select Dividend Index Fund FGD 11/21/07 134,414 120,466 $1,013,187,709 $4,089,688 Click here to download a Fact Sheet
First Trust Dow Jones International Internet ETF FDNI 11/05/18 2,883 48,949 $51,449,898 $98,887 Click here to download a Fact Sheet
First Trust Dow Jones Internet Index Fund FDN 06/19/06 962,062 627,193 $6,650,578,417 $262,224,109 Click here to download a Fact Sheet
First Trust Dow Jones Select MicroCap Index Fund FDM 09/27/05 4,377 7,541 $218,521,253 $353,592 Click here to download a Fact Sheet
First Trust EIP Power Solutions ETF FPWR 08/19/19 1,132 2,453 $18,159,521 $37,375 Click here to download a Fact Sheet
First Trust Emerging Markets AlphaDEX® Fund FEM 04/18/11 28,104 36,950 $479,393,411 $769,878 Click here to download a Fact Sheet
First Trust Emerging Markets Human Flourishing ETF FTHF 10/30/23 1,512 20,443 $54,115,734 $49,590 Click here to download a Fact Sheet
First Trust Emerging Markets Local Currency Bond ETF FEMB 11/04/14 26,056 64,955 $300,470,968 $775,155 Click here to download a Fact Sheet
First Trust Emerging Markets Small Cap AlphaDEX® Fund FEMS 02/15/12 4,321 14,697 $242,814,285 $184,070 Click here to download a Fact Sheet
First Trust Energy AlphaDEX® Fund FXN 05/08/07 171,193 344,127 $255,143,968 $2,782,093 Click here to download a Fact Sheet
First Trust Enhanced Short Maturity ETF FTSM 08/05/14 856,804 897,876 $6,261,993,483 $51,490,550 Click here to download a Fact Sheet
First Trust Enhanced Stocks, Bonds & Gold ETF ESBG 11/18/25 2,034 2,433 $2,213,064 $45,013 Click here to download a Fact Sheet
First Trust Europe AlphaDEX® Fund FEP 04/18/11 5,915 44,161 $406,729,751 $316,553 Click here to download a Fact Sheet
First Trust Eurozone AlphaDEX® ETF FEUZ 10/21/14 1,389 5,314 $91,625,812 $84,845 Click here to download a Fact Sheet
First Trust Expanded Technology ETF XPND 06/14/21 14,343 19,735 $55,119,772 $527,055 Click here to download a Fact Sheet
First Trust Financials AlphaDEX® Fund FXO 05/08/07 18,280 245,186 $2,192,153,564 $1,124,055 Click here to download a Fact Sheet
First Trust Flexible Municipal High Income ETF MFLX 09/27/16 14 2,653 $17,848,187 $238 Click here to download a Fact Sheet
First Trust Germany AlphaDEX® Fund FGM 02/14/12 1,735 5,894 $83,693,593 $107,562 Click here to download a Fact Sheet
First Trust Global Tactical Commodity Strategy Fund FTGC 10/22/13 405,843 503,247 $1,826,378,758 $9,557,591 Click here to download a Fact Sheet
First Trust Global Wind Energy ETF FAN 06/16/08 4,628 34,317 $200,892,982 $94,871 Click here to download a Fact Sheet
First Trust Growth Strength™ ETF FTGS 10/25/22 38,410 102,627 $1,275,030,635 $1,379,547 Click here to download a Fact Sheet
First Trust Health Care AlphaDEX® Fund FXH 05/08/07 3,455 19,327 $953,924,765 $399,492 Click here to download a Fact Sheet
First Trust High Income Strategic Focus ETF HISF 08/13/14 2,113 5,410 $63,313,784 $95,558 Click here to download a Fact Sheet
First Trust Horizon Managed Volatility Developed International ETF HDMV 08/24/16 2,035 1,869 $23,108,561 $72,347 Click here to download a Fact Sheet
First Trust Horizon Managed Volatility Domestic ETF HUSV 08/24/16 7,442 15,830 $93,561,786 $290,119 Click here to download a Fact Sheet
First Trust Horizon Managed Volatility Small/Mid ETF HSMV 04/06/20 1,017 1,789 $28,837,620 $36,660 Click here to download a Fact Sheet
First Trust Income Opportunities ETF FCEF 09/27/16 3,309 12,438 $66,593,044 $75,854 Click here to download a Fact Sheet
First Trust India NIFTY 50 Equal Weight ETF NFTY 02/14/12 8,192 13,894 $174,541,083 $476,613 Click here to download a Fact Sheet
First Trust Industrials/Producer Durables AlphaDEX® Fund FXR 05/08/07 16,283 542,180 $829,645,060 $1,324,422 Click here to download a Fact Sheet
First Trust Indxx Aerospace & Defense ETF MISL 10/25/22 23,417 1,279,007 $1,295,350,198 $1,012,795 Click here to download a Fact Sheet
First Trust Indxx Critical Metals ETF FMTL 11/04/25 2,741 3,214 $2,952,107 $80,916 Click here to download a Fact Sheet
First Trust Indxx Global Agriculture ETF FTAG 03/11/10 131 2,050 $6,288,752 $3,434 Click here to download a Fact Sheet
First Trust Indxx Global Natural Resources Income ETF FTRI 03/11/10 34,338 26,349 $104,822,473 $545,363 Click here to download a Fact Sheet
First Trust Indxx Innovative Transaction & Process ETF LEGR 01/24/18 1,087 4,383 $125,530,291 $64,977 Click here to download a Fact Sheet
First Trust Indxx Medical Devices ETF MDEV 06/22/21 503 408 $2,116,308 $10,645 Click here to download a Fact Sheet
First Trust Indxx Metaverse ETF ARVR 04/19/22 1,028 544 $4,897,293 $50,343 Click here to download a Fact Sheet
First Trust Indxx NextG ETF NXTG 02/17/11 1,331 6,848 $411,543,359 $144,148 Click here to download a Fact Sheet
First Trust Innovation Leaders ETF ILDR 05/25/21 18,902 53,003 $218,688,957 $631,093 Click here to download a Fact Sheet
First Trust Institutional Preferred Securities and Income ETF FPEI 08/22/17 308,779 294,983 $1,824,798,651 $5,984,700 Click here to download a Fact Sheet
First Trust Intermediate Duration Investment Grade Corporate ETF FIIG 08/02/23 38,362 119,313 $633,976,860 $812,041 Click here to download a Fact Sheet
First Trust Intermediate Government Opportunities ETF MGOV 08/02/23 12,071 18,466 $82,942,233 $247,209 Click here to download a Fact Sheet
First Trust International Developed Capital Strength® ETF FICS 12/15/20 6,483 23,116 $223,295,989 $260,834 Click here to download a Fact Sheet
First Trust International Equity Opportunities ETF FPXI 11/04/14 5,120 5,769 $154,339,299 $309,889 Click here to download a Fact Sheet
First Trust IPOX® Europe Equity Opportunities ETF FPXE 10/04/18 1,007 1,497 $4,724,617 $31,718 Click here to download a Fact Sheet
First Trust Japan AlphaDEX® Fund FJP 04/18/11 2,710 7,586 $207,844,181 $181,696 Click here to download a Fact Sheet
First Trust Large Cap Core AlphaDEX® Fund FEX 05/08/07 10,496 20,763 $1,394,049,250 $1,261,374 Click here to download a Fact Sheet
First Trust Large Cap Growth AlphaDEX® Fund FTC 05/08/07 21,944 12,268 $1,279,319,632 $3,576,227 Click here to download a Fact Sheet
First Trust Large Cap Value AlphaDEX® Fund FTA 05/08/07 32,088 25,479 $1,189,229,410 $2,785,401 Click here to download a Fact Sheet
First Trust Latin America AlphaDEX® Fund FLN 04/18/11 3,338 5,599 $15,888,971 $75,767 Click here to download a Fact Sheet
First Trust Limited Duration Investment Grade Corporate ETF FSIG 11/17/21 318,904 275,511 $1,434,770,704 $6,108,867 Click here to download a Fact Sheet
First Trust Long Duration Opportunities ETF LGOV 01/22/19 44,405 172,035 $671,888,645 $973,416 Click here to download a Fact Sheet
First Trust Long/Short Equity ETF FTLS 09/08/14 46,551 99,629 $2,170,150,719 $3,334,082 Click here to download a Fact Sheet
First Trust Low Duration Opportunities ETF LMBS 11/04/14 189,729 402,831 $5,722,571,867 $9,490,715 Click here to download a Fact Sheet
First Trust Low Duration Strategic Focus ETF LDSF 01/03/19 12,095 31,896 $144,671,555 $231,762 Click here to download a Fact Sheet
First Trust Lunt U.S. Factor Rotation ETF FCTR 07/25/18 1,253 2,767 $54,388,183 $45,432 Click here to download a Fact Sheet
First Trust Managed Futures Strategy Fund FMF 08/01/13 12,033 28,006 $208,743,468 $564,198 Click here to download a Fact Sheet
First Trust Managed Municipal ETF FMB 05/13/14 232,276 154,921 $1,938,187,363 $11,862,830 Click here to download a Fact Sheet
First Trust Materials AlphaDEX® Fund FXZ 05/08/07 3,057 28,496 $215,750,489 $202,938 Click here to download a Fact Sheet
First Trust Merger Arbitrage ETF MARB 02/04/20 5,237 7,249 $36,055,932 $107,900 Click here to download a Fact Sheet
First Trust Mid Cap Core AlphaDEX® Fund FNX 05/08/07 8,293 12,007 $1,193,724,000 $1,064,468 Click here to download a Fact Sheet
First Trust Mid Cap Growth AlphaDEX® Fund FNY 04/19/11 7,872 16,230 $472,387,920 $736,364 Click here to download a Fact Sheet
First Trust Mid Cap Value AlphaDEX® Fund FNK 04/19/11 2,831 5,277 $202,869,267 $159,534 Click here to download a Fact Sheet
First Trust Morningstar Dividend Leaders Index Fund FDL 03/09/06 495,361 932,294 $6,128,609,718 $22,007,062 Click here to download a Fact Sheet
First Trust Multi Cap Growth AlphaDEX® Fund FAD 05/08/07 2,883 8,404 $380,159,445 $476,521 Click here to download a Fact Sheet
First Trust Multi Cap Value AlphaDEX® Fund FAB 05/08/07 382 1,632 $121,582,601 $34,403 Click here to download a Fact Sheet
First Trust Multi-Manager Large Growth ETF MMLG 07/21/20 6,214 12,701 $92,018,953 $224,237 Click here to download a Fact Sheet
First Trust Multi-Manager Small Cap Opportunities ETF MMSC 10/13/21 9,511 22,197 $37,999,765 $233,171 Click here to download a Fact Sheet
First Trust Multi-Strategy Alternative ETF LALT 01/31/23 1,587 13,297 $33,235,868 $36,376 Click here to download a Fact Sheet
First Trust Municipal High Income ETF FMHI 11/01/17 92,067 89,873 $870,230,373 $4,402,170 Click here to download a Fact Sheet
First Trust Nasdaq Artificial Intelligence and Robotics ETF ROBT 02/21/18 39,811 66,863 $680,786,553 $2,092,879 Click here to download a Fact Sheet
First Trust Nasdaq Bank ETF FTXO 09/20/16 26,002 40,539 $280,676,937 $1,006,643 Click here to download a Fact Sheet
First Trust Nasdaq BuyWrite Income ETF FTQI 01/06/14 140,112 286,936 $769,488,511 $2,937,727 Click here to download a Fact Sheet
First Trust Nasdaq Cybersecurity ETF CIBR 07/06/15 358,894 821,833 $10,995,629,624 $26,247,193 Click here to download a Fact Sheet
First Trust Nasdaq Food & Beverage ETF FTXG 09/20/16 870 15,771 $16,864,775 $18,340 Click here to download a Fact Sheet
First Trust Nasdaq Lux Digital Health Solutions ETF EKG 03/22/22 521 954 $2,891,692 $10,044 Click here to download a Fact Sheet
First Trust Nasdaq Oil & Gas ETF FTXN 09/20/16 4,951 19,757 $97,750,772 $136,328 Click here to download a Fact Sheet
First Trust Nasdaq Pharmaceuticals ETF FTXH 09/20/16 2,973 5,323 $21,770,985 $99,577 Click here to download a Fact Sheet
First Trust Nasdaq Semiconductor ETF FTXL 09/20/16 16,697 499,110 $1,342,404,153 $2,197,463 Click here to download a Fact Sheet
First Trust NASDAQ Technology Dividend Index Fund TDIV 08/13/12 80,386 83,205 $3,763,587,562 $7,898,179 Click here to download a Fact Sheet
First Trust Nasdaq Transportation ETF FTXR 09/20/16 49,318 11,726 $31,659,976 $1,951,753 Click here to download a Fact Sheet
First Trust NASDAQ® ABA Community Bank Index Fund QABA 06/29/09 3,418 8,690 $81,245,118 $198,354 Click here to download a Fact Sheet
First Trust NASDAQ® Clean Edge® Green Energy Index Fund QCLN 02/08/07 42,807 91,608 $556,658,509 $1,985,740 Click here to download a Fact Sheet
First Trust NASDAQ® Clean Edge® Smart Grid Infrastructure Index Fund GRID 11/16/09 145,359 295,007 $5,252,288,890 $22,421,950 Click here to download a Fact Sheet
First Trust NASDAQ-100 Ex-Technology Sector Index Fund QQXT 02/08/07 1,962 318,062 $215,592,588 $196,741 Click here to download a Fact Sheet
First Trust Nasdaq-100 Select Equal Weight ETF QQEW 04/19/06 24,461 44,671 $1,914,799,164 $3,534,936 Click here to download a Fact Sheet
First Trust NASDAQ-100-Technology Sector Index Fund QTEC 04/19/06 100,455 163,549 $2,941,029,849 $23,635,288 Click here to download a Fact Sheet
First Trust Natural Gas ETF FCG 05/08/07 429,668 881,300 $439,764,134 $9,945,728 Click here to download a Fact Sheet
First Trust New Constructs Core Earnings Leaders ETF FTCE 10/02/24 11,761 12,058 $55,413,552 $296,236 Click here to download a Fact Sheet
First Trust New York Municipal High Income ETF FMNY 05/12/21 1,320 8,688 $27,983,855 $35,180 Click here to download a Fact Sheet
First Trust North American Energy Infrastructure Fund EMLP 06/20/12 73,026 218,446 $3,373,984,776 $2,760,502 Click here to download a Fact Sheet
First Trust NYSE® Arca® Biotechnology Index Fund FBT 06/19/06 6,670 25,608 $1,382,233,810 $1,429,379 Click here to download a Fact Sheet
First Trust Preferred Securities and Income ETF FPE 02/11/13 868,891 1,280,232 $6,332,499,029 $15,826,757 Click here to download a Fact Sheet
First Trust RBA American Industrial Renaissance® ETF AIRR 03/10/14 227,560 640,874 $6,675,048,010 $23,049,680 Click here to download a Fact Sheet
First Trust RBA Deglobalization ETF DGLO 08/06/25 502 539 $2,066,309 $10,373 Click here to download a Fact Sheet
First Trust Rising Dividend Achievers ETF RDVY 01/06/14 603,180 1,610,887 $19,319,278,915 $42,645,938 Click here to download a Fact Sheet
First Trust RiverFront Dynamic Developed International ETF RFDI 04/13/16 3,168 3,362 $138,773,237 $255,990 Click here to download a Fact Sheet
First Trust RiverFront Dynamic Emerging Markets ETF RFEM 06/14/16 3,770 3,518 $51,068,167 $296,194 Click here to download a Fact Sheet
First Trust RiverFront Dynamic Europe ETF RFEU 04/13/16 307 129 $7,483,534 $22,974 Click here to download a Fact Sheet
First Trust S&P 500 Diversified Dividend Aristocrats ETF KNGZ 06/20/17 573 6,620 $56,131,244 $20,750 Click here to download a Fact Sheet
First Trust S&P 500 Diversified Free Cash Flow ETF FCFY 08/23/23 27 483 $1,402,004 $757 Click here to download a Fact Sheet
First Trust S&P 500 Economic Moat ETF EMOT 06/26/24 3,590 3,091 $4,820,511 $86,527 Click here to download a Fact Sheet
First Trust S&P International Dividend Aristocrats ETF FID 08/22/13 34,940 14,619 $129,373,073 $717,507 Click here to download a Fact Sheet
First Trust S&P REIT Index Fund FRI 05/08/07 14,021 28,285 $149,477,654 $384,555 Click here to download a Fact Sheet
First Trust Securitized Plus ETF DEED 04/29/20 3,970 34,338 $72,320,163 $85,705 Click here to download a Fact Sheet
First Trust Senior Loan Fund FTSL 05/01/13 132,868 245,236 $2,352,888,760 $6,099,973 Click here to download a Fact Sheet
First Trust Short Duration Managed Municipal ETF FSMB 11/01/18 71,413 80,258 $505,352,320 $1,429,256 Click here to download a Fact Sheet
First Trust SkyBridge Crypto Industry and Digital Economy ETF CRPT 09/20/21 84,890 93,863 $117,487,222 $1,338,723 Click here to download a Fact Sheet
First Trust Small Cap BuyWrite Income ETF FTKI 02/26/25 1,375 356 $957,520 $26,331 Click here to download a Fact Sheet
First Trust Small Cap Core AlphaDEX® Fund FYX 05/08/07 9,001 13,524 $943,603,248 $1,035,777 Click here to download a Fact Sheet
First Trust Small Cap Growth AlphaDEX® Fund FYC 04/19/11 16,407 50,956 $759,194,330 $1,607,238 Click here to download a Fact Sheet
First Trust Small Cap Value AlphaDEX® Fund FYT 04/19/11 1,959 7,365 $146,649,815 $112,661 Click here to download a Fact Sheet
First Trust SMID Cap Rising Dividend Achievers ETF SDVY 11/01/17 893,422 1,181,317 $9,671,400,624 $35,024,897 Click here to download a Fact Sheet
First Trust SMID Capital Strength ETF FSCS 06/20/17 2,549 9,389 $56,453,694 $92,839 Click here to download a Fact Sheet
First Trust SMID Growth Strength ETF FSGS 06/20/17 86 854 $31,036,865 $2,669 Click here to download a Fact Sheet
First Trust Smith Opportunistic Fixed Income ETF FIXD 02/14/17 195,579 326,124 $3,451,747,403 $8,671,667 Click here to download a Fact Sheet
First Trust Smith Unconstrained Bond ETF UCON 06/04/18 463,250 576,004 $3,166,983,076 $11,634,456 Click here to download a Fact Sheet
First Trust S-Network E-Commerce ETF ISHP 09/20/16 86 408 $5,936,683 $3,404 Click here to download a Fact Sheet
First Trust S-Network Future Vehicles & Technology ETF CARZ 05/09/11 271 4,189 $47,258,980 $21,345 Click here to download a Fact Sheet
First Trust S-Network Streaming & Gaming ETF BNGE 01/25/22 545 877 $7,570,901 $20,630 Click here to download a Fact Sheet
First Trust SSI Strategic Convertible Securities ETF FCVT 11/03/15 19,006 41,678 $96,438,727 $833,142 Click here to download a Fact Sheet
First Trust STOXX® European Select Dividend Index Fund FDD 08/27/07 221,701 221,772 $700,627,672 $3,858,807 Click here to download a Fact Sheet
First Trust Structured Credit Income Opportunities ETF SCIO 02/27/24 10,649 68,522 $113,169,052 $221,126 Click here to download a Fact Sheet
First Trust Switzerland AlphaDEX® Fund FSZ 02/14/12 179 1,337 $44,384,234 $14,445 Click here to download a Fact Sheet
First Trust Tactical High Yield ETF HYLS 02/25/13 194,318 157,510 $1,769,221,533 $8,117,865 Click here to download a Fact Sheet
First Trust Technology AlphaDEX® Fund FXL 05/08/07 4,924 17,231 $1,455,477,504 $847,637 Click here to download a Fact Sheet
First Trust Ultra Short Duration Municipal ETF FUMB 11/01/18 572,427 62,371 $213,752,550 $11,488,987 Click here to download a Fact Sheet
First Trust United Kingdom AlphaDEX® Fund FKU 02/14/12 1,184 5,461 $86,178,799 $60,021 Click here to download a Fact Sheet
First Trust US Equity Opportunities ETF FPX 04/12/06 13,631 27,244 $1,227,646,466 $2,292,335 Click here to download a Fact Sheet
First Trust Utilities AlphaDEX® Fund FXU 05/08/07 69,057 529,882 $1,806,050,642 $3,110,235 Click here to download a Fact Sheet
First Trust Value Line® Dividend Index Fund FVD 08/19/03 411,324 552,096 $8,465,301,430 $19,101,238 Click here to download a Fact Sheet
First Trust Water ETF FIW 05/08/07 17,458 36,682 $1,932,340,787 $1,933,226 Click here to download a Fact Sheet
First Trust WCM Developing World Equity ETF WCME 03/31/20 7 10,291 $16,812,169 $120 Click here to download a Fact Sheet
First Trust WCM International Equity ETF WCMI 03/31/20 109,270 258,158 $788,726,853 $1,863,424 Click here to download a Fact Sheet
FT Confluence BDC & Specialty Finance Income ETF FBDC 05/25/07 10,681 6,825 $38,991,175 $206,836 Click here to download a Fact Sheet
FT Energy Income Partners Enhanced Income ETF EIPI 09/27/11 71,838 66,226 $937,498,369 $1,418,284 Click here to download a Fact Sheet
FT Energy Income Partners Strategy ETF EIPX 11/02/22 5,340 16,735 $400,212,000 $140,601 Click here to download a Fact Sheet
FT Raymond James Multicap Growth Equity ETF RJMG 01/17/24 718 3,164 $12,403,244 $19,790 Click here to download a Fact Sheet
FT Vest 20+ Year Treasury & Target Income ETF LTTI 02/12/25 2,025 13,215 $17,472,492 $39,313 Click here to download a Fact Sheet
FT Vest Bitcoin Strategy & Target Income ETF DFII 04/02/25 3,013 15,289 $18,728,737 $53,742 Click here to download a Fact Sheet
FT Vest Bitcoin Strategy Floor15 ETF - April BFAP 04/03/25 14 181 $2,157,169 $302 Click here to download a Fact Sheet
FT Vest Bitcoin Strategy Floor15 ETF - July BFJL 06/30/25 0 411 $3,679,416 $0 Click here to download a Fact Sheet
FT Vest Bitcoin Strategy Floor15 ETF - October BFOC 09/30/25 1,367 9,130 $8,207,375 $24,932 Click here to download a Fact Sheet
FT Vest Buffered Allocation Defensive ETF BUFT 10/26/21 10,017 15,877 $136,523,998 $246,407 Click here to download a Fact Sheet
FT Vest Buffered Allocation Growth ETF BUFG 10/26/21 10,390 32,133 $301,908,643 $287,783 Click here to download a Fact Sheet
FT Vest DJIA® Dogs 10 Target Income ETF DOGG 04/26/23 7,542 17,905 $49,167,978 $157,798 Click here to download a Fact Sheet
FT Vest Dow Jones Internet & Target Income ETF FDND 03/20/24 137 2,356 $10,234,618 $3,116 Click here to download a Fact Sheet
FT Vest Emerging Markets Buffer ETF - December TDEC 12/20/24 14,031 6,746 $6,023,711 $338,072 Click here to download a Fact Sheet
FT Vest Emerging Markets Buffer ETF - June TJUN 06/20/25 0 31 $2,246,388 $0 Click here to download a Fact Sheet
FT Vest Emerging Markets Buffer ETF - March TMAR 03/21/25 0 2,193 $2,288,266 $0 Click here to download a Fact Sheet
FT Vest Emerging Markets Buffer ETF - September TSEP 09/20/24 312 21,284 $15,451,580 $7,417 Click here to download a Fact Sheet
FT Vest Gold Strategy Quarterly Buffer ETF BGLD 01/20/21 9,526 39,152 $74,553,050 $240,743 Click here to download a Fact Sheet
FT Vest Gold Strategy Target Income ETF® IGLD 03/02/21 171,746 228,237 $467,707,382 $4,538,241 Click here to download a Fact Sheet
FT Vest Growth Strength & Target Income ETF FGSI 06/25/25 333 350 $3,058,188 $6,789 Click here to download a Fact Sheet
FT Vest High Yield & Target Income ETF HYTI 02/12/25 2,991 22,588 $49,373,111 $59,070 Click here to download a Fact Sheet
FT Vest International Equity Moderate Buffer ETF - December YDEC 12/18/20 17,665 24,380 $87,808,964 $463,028 Click here to download a Fact Sheet
FT Vest International Equity Moderate Buffer ETF - June YJUN 06/18/21 16,553 11,038 $163,247,281 $425,548 Click here to download a Fact Sheet
FT Vest International Equity Moderate Buffer ETF – March YMAR 03/19/21 1,462 12,072 $116,511,315 $39,614 Click here to download a Fact Sheet
FT Vest International Equity Moderate Buffer ETF - September YSEP 09/17/21 2,680 21,367 $134,191,970 $69,832 Click here to download a Fact Sheet
FT Vest Investment Grade & Target Income ETF LQTI 02/12/25 77,825 121,275 $226,050,030 $1,563,764 Click here to download a Fact Sheet
FT Vest Laddered Buffer ETF BUFR 08/10/20 715,184 1,028,269 $8,378,895,753 $24,599,557 Click here to download a Fact Sheet
FT Vest Laddered Deep Buffer ETF BUFD 01/20/21 108,158 233,819 $1,621,349,579 $3,063,090 Click here to download a Fact Sheet
FT Vest Laddered Enhance & Moderate Buffer ETF BUFX 06/24/25 349 2,410 $8,506,173 $7,422 Click here to download a Fact Sheet
FT Vest Laddered International Moderate Buffer ETF BUFY 09/25/24 8,849 12,319 $52,241,788 $196,718 Click here to download a Fact Sheet
FT Vest Laddered Max Buffer ETF BUFH 06/24/25 2,645 9,687 $20,834,672 $55,108 Click here to download a Fact Sheet
FT Vest Laddered Moderate Buffer ETF BUFZ 10/25/23 22,322 153,173 $769,028,021 $592,962 Click here to download a Fact Sheet
FT Vest Laddered Nasdaq Buffer ETF BUFQ 06/15/22 70,327 137,260 $1,146,024,782 $2,530,502 Click here to download a Fact Sheet
FT Vest Laddered Small Cap Moderate Buffer ETF BUFS 05/29/24 3,001 15,185 $113,827,859 $69,010 Click here to download a Fact Sheet
FT Vest Nasdaq-100® Buffer ETF - December QDEC 12/18/20 41,981 139,374 $555,594,124 $1,376,070 Click here to download a Fact Sheet
FT Vest Nasdaq-100® Buffer ETF - June QJUN 06/18/21 2,993 18,323 $585,152,673 $95,703 Click here to download a Fact Sheet
FT Vest Nasdaq-100® Buffer ETF - March QMAR 03/19/21 2,495 19,755 $460,914,598 $82,436 Click here to download a Fact Sheet
FT Vest Nasdaq-100® Buffer ETF - September QSPT 09/17/21 20,185 33,106 $507,895,220 $644,771 Click here to download a Fact Sheet
FT Vest Nasdaq-100® Conservative Buffer ETF - April QCAP 04/19/24 740 3,165 $39,148,139 $17,557 Click here to download a Fact Sheet
FT Vest Nasdaq-100® Conservative Buffer ETF - January QCJA 01/17/25 717 18,535 $38,601,140 $15,815 Click here to download a Fact Sheet
FT Vest Nasdaq-100® Conservative Buffer ETF - July QCJL 07/19/24 9 5,038 $72,663,330 $214 Click here to download a Fact Sheet
FT Vest Nasdaq-100® Conservative Buffer ETF - October QCOC 10/18/24 2,195 19,087 $81,202,276 $49,511 Click here to download a Fact Sheet
FT Vest Nasdaq-100® Moderate Buffer ETF - August QMAG 08/16/24 1,850 7,646 $59,484,675 $44,019 Click here to download a Fact Sheet
FT Vest Nasdaq-100® Moderate Buffer ETF - February QMFE 02/21/25 1,417 5,437 $39,091,204 $31,653 Click here to download a Fact Sheet
FT Vest Nasdaq-100® Moderate Buffer ETF - May QMMY 05/17/24 3,681 6,293 $82,859,443 $92,426 Click here to download a Fact Sheet
FT Vest Nasdaq-100® Moderate Buffer ETF - November QMNV 11/15/24 10,609 47,245 $55,252,972 $249,438 Click here to download a Fact Sheet
FT Vest Rising Dividend Achievers Target Income ETF RDVI 10/19/22 480,498 547,190 $2,639,565,809 $12,798,245 Click here to download a Fact Sheet
FT Vest S&P 500® Dividend Aristocrats Target Income ETF® KNG 03/26/18 249,448 422,026 $3,438,660,176 $12,364,208 Click here to download a Fact Sheet
FT Vest SMID Rising Dividend Achievers Target Income ETF SDVD 08/09/23 141,396 162,169 $726,572,698 $3,094,412 Click here to download a Fact Sheet
FT Vest Technology Dividend Target Income ETF TDVI 08/09/23 58,957 121,878 $238,612,851 $1,655,046 Click here to download a Fact Sheet
FT Vest U.S. Equity Buffer & Digital Return ETF - October DGOC 10/17/25 10 1,952 $3,126,244 $313 Click here to download a Fact Sheet
FT Vest U.S. Equity Buffer & Premium Income ETF - December XIDE 12/15/23 4,736 3,512 $22,642,054 $142,977 Click here to download a Fact Sheet
FT Vest U.S. Equity Buffer & Premium Income ETF - June XIJN 06/21/24 1,902 18,012 $36,425,992 $58,964 Click here to download a Fact Sheet
FT Vest U.S. Equity Buffer & Premium Income ETF - March XIMR 03/18/24 313 8,356 $34,284,174 $9,755 Click here to download a Fact Sheet
FT Vest U.S. Equity Buffer & Premium Income ETF - September XISE 09/15/23 564 6,271 $59,378,265 $17,174 Click here to download a Fact Sheet
FT Vest U.S. Equity Buffer ETF - April FAPR 04/16/21 27,228 43,161 $970,608,710 $1,209,507 Click here to download a Fact Sheet
FT Vest U.S. Equity Buffer ETF - August FAUG 11/06/19 10,059 36,696 $1,143,262,432 $535,510 Click here to download a Fact Sheet
FT Vest U.S. Equity Buffer ETF - December FDEC 12/18/20 76,490 98,880 $1,236,847,315 $3,933,740 Click here to download a Fact Sheet
FT Vest U.S. Equity Buffer ETF - February FFEB 02/21/20 44,238 46,876 $1,108,901,082 $2,512,449 Click here to download a Fact Sheet
FT Vest U.S. Equity Buffer ETF - January FJAN 01/15/21 19,739 76,156 $1,079,046,690 $1,024,005 Click here to download a Fact Sheet
FT Vest U.S. Equity Buffer ETF - July FJUL 07/17/20 14,909 33,588 $1,179,073,068 $838,083 Click here to download a Fact Sheet
FT Vest U.S. Equity Buffer ETF - June FJUN 06/19/20 7,006 23,949 $1,075,418,027 $401,298 Click here to download a Fact Sheet
FT Vest U.S. Equity Buffer ETF - March FMAR 03/19/21 7,115 20,408 $950,394,879 $338,103 Click here to download a Fact Sheet
FT Vest U.S. Equity Buffer ETF - May FMAY 05/15/20 5,386 14,757 $1,052,949,063 $288,610 Click here to download a Fact Sheet
FT Vest U.S. Equity Buffer ETF - November FNOV 11/15/19 44,462 125,398 $1,143,350,166 $2,452,865 Click here to download a Fact Sheet
FT Vest U.S. Equity Buffer ETF - October FOCT 10/16/20 32,186 110,929 $1,127,437,024 $1,588,082 Click here to download a Fact Sheet
FT Vest U.S. Equity Buffer ETF - September FSEP 09/18/20 7,104 34,758 $1,143,647,920 $368,875 Click here to download a Fact Sheet
FT Vest U.S. Equity Deep Buffer ETF - April DAPR 04/16/21 4,984 13,437 $287,174,567 $196,065 Click here to download a Fact Sheet
FT Vest U.S. Equity Deep Buffer ETF - August DAUG 11/06/19 13,227 16,127 $355,510,488 $589,635 Click here to download a Fact Sheet
FT Vest U.S. Equity Deep Buffer ETF - December DDEC 12/18/20 46,878 48,234 $383,878,148 $2,123,355 Click here to download a Fact Sheet
FT Vest U.S. Equity Deep Buffer ETF - February DFEB 02/21/20 4,133 19,628 $389,867,425 $197,708 Click here to download a Fact Sheet
FT Vest U.S. Equity Deep Buffer ETF - January DJAN 01/15/21 8,103 13,209 $350,923,878 $352,141 Click here to download a Fact Sheet
FT Vest U.S. Equity Deep Buffer ETF - July DJUL 07/17/20 8,165 25,264 $397,606,281 $389,965 Click here to download a Fact Sheet
FT Vest U.S. Equity Deep Buffer ETF - June DJUN 06/19/20 7,160 9,145 $277,636,374 $339,808 Click here to download a Fact Sheet
FT Vest U.S. Equity Deep Buffer ETF - March DMAR 03/19/21 17,021 34,362 $381,239,252 $709,188 Click here to download a Fact Sheet
FT Vest U.S. Equity Deep Buffer ETF - May DMAY 05/15/20 3,942 5,022 $295,659,488 $178,619 Click here to download a Fact Sheet
FT Vest U.S. Equity Deep Buffer ETF - November DNOV 11/15/19 5,442 49,738 $377,921,090 $267,097 Click here to download a Fact Sheet
FT Vest U.S. Equity Deep Buffer ETF - October DOCT 10/16/20 13,551 29,386 $375,113,842 $603,343 Click here to download a Fact Sheet
FT Vest U.S. Equity Deep Buffer ETF - September DSEP 09/18/20 9,283 19,106 $338,608,977 $419,108 Click here to download a Fact Sheet
FT Vest U.S. Equity Dual Directional Buffer ETF - August DLAG 09/19/25 4,936 3,821 $21,985,047 $155,026 Click here to download a Fact Sheet
FT Vest U.S. Equity Dual Directional Buffer ETF - November DLNV 11/21/25 4,663 ----- $10,962,044 $146,045 Click here to download a Fact Sheet
FT Vest U.S. Equity Enhance & Moderate Buffer ETF - April XAPR 04/19/24 1,129 8,446 $52,822,840 $41,129 Click here to download a Fact Sheet
FT Vest U.S. Equity Enhance & Moderate Buffer ETF - August XAUG 08/18/23 79 1,528 $28,151,700 $2,965 Click here to download a Fact Sheet
FT Vest U.S. Equity Enhance & Moderate Buffer ETF - December XDEC 12/17/21 6,327 27,290 $170,326,647 $259,676 Click here to download a Fact Sheet
FT Vest U.S. Equity Enhance & Moderate Buffer ETF - February XFEB 02/16/24 239 2,388 $42,863,601 $8,537 Click here to download a Fact Sheet
FT Vest U.S. Equity Enhance & Moderate Buffer ETF - January XJAN 01/19/24 69 14,725 $38,657,482 $2,540 Click here to download a Fact Sheet
FT Vest U.S. Equity Enhance & Moderate Buffer ETF - July XJUL 07/21/23 6 1,328 $48,976,937 $235 Click here to download a Fact Sheet
FT Vest U.S. Equity Enhance & Moderate Buffer ETF - June XJUN 07/12/21 1,099 3,211 $144,213,038 $47,310 Click here to download a Fact Sheet
FT Vest U.S. Equity Enhance & Moderate Buffer ETF - March XMAR 03/17/23 4,025 11,055 $172,814,349 $160,827 Click here to download a Fact Sheet
FT Vest U.S. Equity Enhance & Moderate Buffer ETF - May XMAY 05/17/24 926 1,080 $20,945,500 $32,326 Click here to download a Fact Sheet
FT Vest U.S. Equity Enhance & Moderate Buffer ETF - November XNOV 11/17/23 5,653 10,168 $25,673,707 $215,012 Click here to download a Fact Sheet
FT Vest U.S. Equity Enhance & Moderate Buffer ETF - October XOCT 10/20/23 781 5,178 $90,932,169 $29,591 Click here to download a Fact Sheet
FT Vest U.S. Equity Enhance & Moderate Buffer ETF - September XSEP 09/21/22 2,610 3,010 $105,249,885 $110,991 Click here to download a Fact Sheet
FT Vest U.S. Equity Equal Weight Buffer ETF - December RSDE 12/20/24 21,818 86,600 $65,700,855 $477,820 Click here to download a Fact Sheet
FT Vest U.S. Equity Equal Weight Buffer ETF - June RSJN 06/21/24 1,806 722 $25,892,652 $62,349 Click here to download a Fact Sheet
FT Vest U.S. Equity Equal Weight Buffer ETF - March RSMR 03/21/25 761 1,082 $6,616,727 $16,784 Click here to download a Fact Sheet
FT Vest U.S. Equity Equal Weight Buffer ETF - September RSSE 09/20/24 2,597 3,772 $27,975,693 $55,887 Click here to download a Fact Sheet
FT Vest U.S. Equity Max Buffer ETF - April APXM 04/17/25 0 164 $6,978,679 $0 Click here to download a Fact Sheet
FT Vest U.S. Equity Max Buffer ETF - August AUGM 08/16/24 384 1,995 $36,635,740 $13,087 Click here to download a Fact Sheet
FT Vest U.S. Equity Max Buffer ETF - December DECM 12/20/24 94,335 23,303 $39,422,650 $3,099,108 Click here to download a Fact Sheet
FT Vest U.S. Equity Max Buffer ETF - February FEBM 02/21/25 578 4,097 $50,886,282 $17,560 Click here to download a Fact Sheet
FT Vest U.S. Equity Max Buffer ETF - January JANM 01/17/25 1,627 7,767 $23,923,606 $53,688 Click here to download a Fact Sheet
FT Vest U.S. Equity Max Buffer ETF - July JULM 07/24/24 4,270 1,182 $29,436,131 $143,648 Click here to download a Fact Sheet
FT Vest U.S. Equity Max Buffer ETF - June JUNM 06/21/24 402 2,580 $63,371,768 $13,770 Click here to download a Fact Sheet
FT Vest U.S. Equity Max Buffer ETF - March MARM 03/26/24 1,908 5,997 $124,689,409 $63,022 Click here to download a Fact Sheet
FT Vest U.S. Equity Max Buffer ETF - May MAYM 05/16/25 1,143 1,201 $18,524,923 $36,824 Click here to download a Fact Sheet
FT Vest U.S. Equity Max Buffer ETF - November NOVM 11/15/24 871 10,035 $25,503,342 $28,662 Click here to download a Fact Sheet
FT Vest U.S. Equity Max Buffer ETF - October OCTM 10/18/24 2 4,136 $29,444,960 $65 Click here to download a Fact Sheet
FT Vest U.S. Equity Max Buffer ETF - September SEPM 09/20/24 320 2,035 $29,477,547 $10,198 Click here to download a Fact Sheet
FT Vest U.S. Equity Moderate Buffer ETF - April GAPR 04/21/23 1,490 17,945 $252,907,536 $59,578 Click here to download a Fact Sheet
FT Vest U.S. Equity Moderate Buffer ETF - August GAUG 08/18/23 5,826 19,687 $304,966,514 $229,998 Click here to download a Fact Sheet
FT Vest U.S. Equity Moderate Buffer ETF - December GDEC 12/15/23 102,409 162,018 $426,779,606 $3,884,984 Click here to download a Fact Sheet
FT Vest U.S. Equity Moderate Buffer ETF - February GFEB 02/17/23 2,624 11,897 $302,932,939 $109,264 Click here to download a Fact Sheet
FT Vest U.S. Equity Moderate Buffer ETF - January GJAN 01/20/23 7,356 26,869 $338,636,840 $315,318 Click here to download a Fact Sheet
FT Vest U.S. Equity Moderate Buffer ETF - July GJUL 07/21/23 671 31,621 $422,143,141 $27,839 Click here to download a Fact Sheet
FT Vest U.S. Equity Moderate Buffer ETF - June GJUN 06/16/23 3,780 14,002 $337,383,154 $150,036 Click here to download a Fact Sheet
FT Vest U.S. Equity Moderate Buffer ETF - March GMAR 03/17/23 3,588 22,718 $383,937,512 $146,941 Click here to download a Fact Sheet
FT Vest U.S. Equity Moderate Buffer ETF - May GMAY 05/19/23 2,886 12,835 $303,152,715 $119,440 Click here to download a Fact Sheet
FT Vest U.S. Equity Moderate Buffer ETF - November GNOV 11/17/23 3,599 75,058 $313,189,510 $143,588 Click here to download a Fact Sheet
FT Vest U.S. Equity Moderate Buffer ETF - October GOCT 10/20/23 2,785 31,242 $333,380,456 $110,203 Click here to download a Fact Sheet
FT Vest U.S. Equity Moderate Buffer ETF - September GSEP 09/15/23 27,691 90,915 $477,936,517 $1,078,170 Click here to download a Fact Sheet
FT Vest U.S. Equity Quarterly 2.5 to 15 Buffer ETF DHDG 10/18/24 1,821 3,102 $38,570,278 $62,432 Click here to download a Fact Sheet
FT Vest U.S. Equity Quarterly Dynamic Buffer ETF FHDG 11/15/24 183 19,448 $69,756,575 $6,227 Click here to download a Fact Sheet
FT Vest U.S. Equity Quarterly Max Buffer ETF SQMX 12/20/24 3,338 3,920 $35,100,061 $111,585 Click here to download a Fact Sheet
FT Vest U.S. Equity Uncapped Accelerator ETF - April UXAP 04/17/25 0 84 $7,893,287 $0 Click here to download a Fact Sheet
FT Vest U.S. Equity Uncapped Accelerator ETF - January UXJA 01/17/25 18 3,120 $6,982,192 $628 Click here to download a Fact Sheet
FT Vest U.S. Equity Uncapped Accelerator ETF - July UXJL 07/18/25 133 319 $10,020,570 $4,442 Click here to download a Fact Sheet
FT Vest U.S. Equity Uncapped Accelerator ETF - October UXOC 10/18/24 0 2,449 $46,880,634 $0 Click here to download a Fact Sheet
FT Vest U.S. Small Cap Moderate Buffer ETF - August SAUG 08/18/23 17,181 16,236 $99,493,183 $443,998 Click here to download a Fact Sheet
FT Vest U.S. Small Cap Moderate Buffer ETF - February SFEB 02/16/24 2,172 4,602 $79,518,339 $51,556 Click here to download a Fact Sheet
FT Vest U.S. Small Cap Moderate Buffer ETF - May SMAY 05/19/23 8,982 12,884 $94,171,139 $234,957 Click here to download a Fact Sheet
FT Vest U.S. Small Cap Moderate Buffer ETF - November SNOV 11/17/23 4,724 38,592 $108,817,407 $118,173 Click here to download a Fact Sheet
Multi-Asset Diversified Income Index Fund MDIV 08/13/12 37,690 81,285 $397,418,885 $593,217 Click here to download a Fact Sheet
Footnotes:
1 Market Value Traded is the total number of shares included in the Daily Volume multiplied by the NAV as of the pricing date shown above.
 
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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