Shareholder Report
Apr. 30, 2026
USD ($)
Holding
WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS?
(Based on a hypothetical $10,000 investment)
| Fund | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| First Trust North American Energy Infrastructure Fund | $51(1) | 0.94%(1) (2) |
|
(1) |
Excludes any Acquired Fund Fees and Expenses of the underlying investment companies in which the Fund invests. |
|
(2) |
Annualized. |
KEY FUND STATISTICS (As of April 30, 2026)
| Fund net assets | $4,073,269,359 |
| Total number of portfolio holdings | 64 |
| Portfolio turnover rate | 12% |
WHAT DID THE FUND INVEST IN? (As of April 30, 2026)
The tables below show the investment makeup of the Fund, representing the percentage of total investments of the Fund.
Top Ten Holdings
| Energy Transfer, L.P. | 7.5% |
| Enterprise Products Partners, L.P. | 7.2% |
| Morgan Stanley Institutional Liquidity Funds - Treasury Portfolio - Institutional Class | 7.0% |
| MPLX, L.P. | 4.0% |
| Plains GP Holdings, L.P., Class A | 3.9% |
| Kinder Morgan, Inc. | 3.7% |
| National Fuel Gas Co. | 3.2% |
| Southern (The) Co. | 2.7% |
| PPL Corp. | 2.5% |
| Entergy Corp. | 2.4% |
Industry Allocation
Top Ten Holdings
| Energy Transfer, L.P. | 7.5% |
| Enterprise Products Partners, L.P. | 7.2% |
| Morgan Stanley Institutional Liquidity Funds - Treasury Portfolio - Institutional Class | 7.0% |
| MPLX, L.P. | 4.0% |
| Plains GP Holdings, L.P., Class A | 3.9% |
| Kinder Morgan, Inc. | 3.7% |
| National Fuel Gas Co. | 3.2% |
| Southern (The) Co. | 2.7% |
| PPL Corp. | 2.5% |
| Entergy Corp. | 2.4% |
This report describes changes to the Fund that occurred during or after the reporting period.
WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS?
(Based on a hypothetical $10,000 investment)
| Fund | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| First Trust Senior Loan Fund | $37(1) | 0.75%(1) (2) |
|
(1) |
Excludes any Acquired Fund Fees and Expenses of the underlying investment companies in which the Fund invests. |
|
(2) |
Annualized. |
KEY FUND STATISTICS (As of April 30, 2026)
| Fund net assets | $2,286,027,902 |
| Total number of portfolio holdings | 296 |
| Portfolio turnover rate | 51% |
WHAT DID THE FUND INVEST IN? (As of April 30, 2026)
The tables below show the investment makeup of the Fund, representing the percentage of total investments of the Fund.
Industry Allocation
| Insurance | 10.7% |
| Money Market Funds | 9.2% |
| Software | 8.6% |
| Hotels, Restaurants & Leisure | 7.5% |
| Health Care Providers & Services | 5.0% |
| Media | 4.0% |
| Commercial Services & Supplies | 4.0% |
| Trading Companies & Distributors | 3.9% |
| Machinery | 3.6% |
| All Other | 43.5% |
Credit Quality (1)
(1) The ratings are by S&P Global Ratings. A credit rating is an assessment provided by a nationally recognized statistical rating organization (NRSRO) of the creditworthiness of an issuer with respect to debt obligations except for those debt obligations that are privately rated. Ratings are measured on a scale that generally ranges from AAA (highest) to D (lowest). Investment grade is defined as those issuers that have a long-term credit rating of BBB- or higher. “NR” indicates no rating. The credit ratings shown relate to the credit worthiness of the issuers of the underlying securities in the Fund, and not to the Fund or its shares. Credit ratings are subject to change.
HOW HAS THE FUND MATERIALLY CHANGED?
This is a summary of certain changes to the Fund since November 1, 2025. For more complete information, you may review the Fund’s prospectus and any applicable supplements at www.ftportfolios.com/fund-documents/etf/FTSL or upon request at 1-800-621-1675 or info@ftportfolios.com.
Effective February 1, 2026, the Board of Trustees has approved a permanent contractual reduction of the annual unitary management fee for the Fund. The annual unitary management fee for the Fund is now 0.69%. Additionally, under the Fund’s new fee structure, the Fund will not be eligible for any breakpoint discounts described in the Fund’s prospectus or statement of additional information.
Effective March 10, 2026, the Fund amended its definition of Senior Loans to include second lien senior floating rate bank loans.
Effective February 1, 2026, the Board of Trustees has approved a permanent contractual reduction of the annual unitary management fee for the Fund. The annual unitary management fee for the Fund is now 0.69%. Additionally, under the Fund’s new fee structure, the Fund will not be eligible for any breakpoint discounts described in the Fund’s prospectus or statement of additional information.
This is a summary of certain changes to the Fund since November 1, 2025. For more complete information, you may review the Fund’s prospectus and any applicable supplements at www.ftportfolios.com/fund-documents/etf/FTSL or upon request at 1-800-621-1675 or info@ftportfolios.com.
This report describes changes to the Fund that occurred during or after the reporting period.
WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS?
(Based on a hypothetical $10,000 investment)
| Fund | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| First Trust Tactical High Yield ETF | $43 | 0.87%(1) |
|
(1) |
Annualized. |
KEY FUND STATISTICS (As of April 30, 2026)
| Fund net assets | $1,638,521,326 |
| Total number of portfolio holdings | 308 |
| Portfolio turnover rate | 40% |
WHAT DID THE FUND INVEST IN? (As of April 30, 2026)
The tables below show the investment makeup of the Fund, representing the percentage of total investments of the Fund.
Industry Allocation
| Insurance | 12.7% |
| Media | 7.1% |
| Software | 6.9% |
| Hotels, Restaurants & Leisure | 6.6% |
| Trading Companies & Distributors | 5.5% |
| Health Care Providers & Services | 4.7% |
| Commercial Services & Supplies | 4.1% |
| Financial Services | 3.6% |
| Building Products | 3.6% |
| All Other | 45.2% |
Credit Quality (1)
(1) The ratings are by S&P Global Ratings. A credit rating is an assessment provided by a nationally recognized statistical rating organization (NRSRO) of the creditworthiness of an issuer with respect to debt obligations except for those debt obligations that are privately rated. Ratings are measured on a scale that generally ranges from AAA (highest) to D (lowest). Investment grade is defined as those issuers that have a long-term credit rating of BBB- or higher. “NR” indicates no rating. The credit ratings shown relate to the credit worthiness of the issuers of the underlying securities in the Fund, and not to the Fund or its shares. Credit ratings are subject to change.
HOW HAS THE FUND MATERIALLY CHANGED?
This is a summary of certain changes to the Fund since November 1, 2025. For more complete information, you may review the Fund’s prospectus and any applicable supplements at www.ftportfolios.com/fund-documents/etf/HYLS or upon request at 1-800-621-1675 or info@ftportfolios.com.
Effective February 1, 2026, the Board of Trustees has approved a permanent contractual reduction of the annual unitary management fee for the Fund. The annual unitary management fee for the Fund is now 0.69%. Additionally, under the Fund’s new fee structure, the Fund will not be eligible for any breakpoint discounts described in the Fund’s prospectus or statement of additional information.
Effective February 1, 2026, the Board of Trustees has approved a permanent contractual reduction of the annual unitary management fee for the Fund. The annual unitary management fee for the Fund is now 0.69%. Additionally, under the Fund’s new fee structure, the Fund will not be eligible for any breakpoint discounts described in the Fund’s prospectus or statement of additional information.
This is a summary of certain changes to the Fund since November 1, 2025. For more complete information, you may review the Fund’s prospectus and any applicable supplements at www.ftportfolios.com/fund-documents/etf/HYLS or upon request at 1-800-621-1675 or info@ftportfolios.com.
This report describes changes to the Fund that occurred during or after the reporting period.
WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS?
(Based on a hypothetical $10,000 investment)
| Fund | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| First Trust Enhanced Short Maturity ETF | $17 | 0.34%(1) |
|
(1) |
Annualized. |
KEY FUND STATISTICS (As of April 30, 2026)
| Fund net assets | $6,399,095,042 |
| Total number of portfolio holdings | 660 |
| Portfolio turnover rate | 36% |
WHAT DID THE FUND INVEST IN? (As of April 30, 2026)
The tables below show the investment makeup of the Fund, representing the percentage of total investments of the Fund.
Top Ten Holdings
| AutoNation, Inc., 4.11%, 05/01/26 | 1.0% |
| U.S. Treasury Note, 3.75%, 04/30/27 | 1.0% |
| Targa Resources Corp., 3.95%, 05/01/26 | 0.9% |
| Energy Transfer, L.P., 3.93%, 05/01/26 | 0.6% |
| Quanta Services, Inc., 4.15%, 05/01/26 | 0.6% |
| Huntington National Bank (The), 4.87%, 04/12/28 | 0.6% |
| T-Mobile USA, Inc., 3.75%, 04/15/27 | 0.5% |
| Haleon US Capital LLC, 3.38%, 03/24/27 | 0.5% |
| PRA Health Sciences, Inc., 2.88%, 07/15/26 | 0.5% |
| Kinder Morgan, Inc., 1.75%, 11/15/26 | 0.5% |
Credit Quality (1)
(1) The ratings are by one or more nationally recognized statistical rating organizations (NRSROs), including S&P Global Ratings, Moody’s Investors Service, Inc., Fitch Ratings, or a comparably rated NRSRO. For situations in which a security is rated by more than one RSRO and the ratings are not equivalent, the highest rating is used. Ratings are measured highest to lowest on a scale that generally ranges from AAA to D for long-term ratings and A-1 to C for short-term ratings. Investment grade is defined as those issuers that have a long-term credit rating of BBB- or higher or a short-term credit rating of A-3 or higher. “NR” indicates no rating. The credit ratings shown relate to the creditworthiness of the issuers of the underlying securities in the Fund, and not to the Fund or its shares. U.S. Treasury, U.S. Agency and U.S. Agency mortgage-backed securities appear under “Government & Agency.” Credit ratings are subject to change. For newly issued debt securities for which only an expected rating from a NRSRO is available, the Fund may treat such expected rating as if it were a final rating for purposes of determining the credit quality categories shown.
Top Ten Holdings
| AutoNation, Inc., 4.11%, 05/01/26 | 1.0% |
| U.S. Treasury Note, 3.75%, 04/30/27 | 1.0% |
| Targa Resources Corp., 3.95%, 05/01/26 | 0.9% |
| Energy Transfer, L.P., 3.93%, 05/01/26 | 0.6% |
| Quanta Services, Inc., 4.15%, 05/01/26 | 0.6% |
| Huntington National Bank (The), 4.87%, 04/12/28 | 0.6% |
| T-Mobile USA, Inc., 3.75%, 04/15/27 | 0.5% |
| Haleon US Capital LLC, 3.38%, 03/24/27 | 0.5% |
| PRA Health Sciences, Inc., 2.88%, 07/15/26 | 0.5% |
| Kinder Morgan, Inc., 1.75%, 11/15/26 | 0.5% |
HOW HAS THE FUND MATERIALLY CHANGED?
This is a summary of certain changes to the Fund since November 1, 2025. For more complete information, you may review the Fund’s prospectus and any applicable supplements at www.ftportfolios.com/fund-documents/etf/FTSM or upon request at 1-800-621-1675 or info@ftportfolios.com.
Effective February 1, 2026, the Board of Trustees has approved a permanent contractual reduction of the annual unitary management fee for the Fund. The annual unitary management fee for the Fund is now 0.29%. Additionally, under the Fund’s new fee structure, the Fund will not be eligible for any breakpoint discounts described in the Fund’s prospectus or statement of additional information.
Effective February 1, 2026, the Board of Trustees has approved a permanent contractual reduction of the annual unitary management fee for the Fund. The annual unitary management fee for the Fund is now 0.29%. Additionally, under the Fund’s new fee structure, the Fund will not be eligible for any breakpoint discounts described in the Fund’s prospectus or statement of additional information.
This is a summary of certain changes to the Fund since November 1, 2025. For more complete information, you may review the Fund’s prospectus and any applicable supplements at www.ftportfolios.com/fund-documents/etf/FTSM or upon request at 1-800-621-1675 or info@ftportfolios.com.
This report describes changes to the Fund that occurred during or after the reporting period.
WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS?
(Based on a hypothetical $10,000 investment)
| Fund | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| First Trust High Income Strategic Focus ETF | $6(1) | 0.12%(1) (2) |
|
(1) |
Excludes any Acquired Fund Fees and Expenses of the underlying investment companies in which the Fund invests. |
|
(2) |
Annualized. |
KEY FUND STATISTICS (As of April 30, 2026)
| Fund net assets | $91,138,271 |
| Total number of portfolio holdings | 12 |
| Portfolio turnover rate | 21% |
WHAT DID THE FUND INVEST IN? (As of April 30, 2026)
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.
Fund Allocation
| Exchange-Traded Funds | 100.0% |
| Money Market Funds | 0.0% |
| Net Other Assets and Liabilities | (0.0%) |
| Total | 100.0% |
Any amount shown as 0.0% represents less than 0.1%.
HOW HAS THE FUND MATERIALLY CHANGED?
This is a summary of certain changes to the Fund since November 1, 2025. For more complete information, you may review the Fund’s prospectus and any applicable supplements at www.ftportfolios.com/fund-documents/etf/HISF or upon request at 1-800-621-1675 or info@ftportfolios.com.
Effective February 1, 2026, the Board of Trustees has approved a permanent contractual reduction of the annual unitary management fee for the Fund. The annual unitary management fee for the Fund is now 0.10%. Additionally, under the Fund’s new fee structure, the Fund will not be eligible for any breakpoint discounts described in the Fund’s prospectus or statement of additional information.
Effective February 1, 2026, the Board of Trustees has approved a permanent contractual reduction of the annual unitary management fee for the Fund. The annual unitary management fee for the Fund is now 0.10%. Additionally, under the Fund’s new fee structure, the Fund will not be eligible for any breakpoint discounts described in the Fund’s prospectus or statement of additional information.
This is a summary of certain changes to the Fund since November 1, 2025. For more complete information, you may review the Fund’s prospectus and any applicable supplements at www.ftportfolios.com/fund-documents/etf/HISF or upon request at 1-800-621-1675 or info@ftportfolios.com.
WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS?
(Based on a hypothetical $10,000 investment)
| Fund | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| First Trust Low Duration Opportunities ETF | $32(1) | 0.64%(1) (2) |
|
(1)
|
Excludes any Acquired Fund Fees and Expenses of the underlying investment companies in which the Fund invests.
|
|
(2)
|
Annualized.
|
KEY FUND STATISTICS (As of April 30, 2026)
| Fund net assets | $6,162,856,749 |
| Total number of portfolio holdings | 1,227 |
| Portfolio turnover rate | 105% |
WHAT DID THE FUND INVEST IN? (As of April 30, 2026)
The tables below show the investment makeup of the Fund, representing the percentage of net assets and percentage of total investments, respectively, of the Fund.
Fund Allocation
| U.S. Government Agency Mortgage-Backed Securities | 75.2% |
| U.S. Government Bonds and Notes | 10.6% |
| Mortgage-Backed Securities | 8.1% |
| Asset-Backed Securities | 1.5% |
| U.S. Government Agency Securities | 0.1% |
| Exchange-Traded Funds | 0.1% |
| U.S. Treasury Bills | 10.9% |
| Money Market Funds | 1.0% |
| U.S. Government Agency Mortgage-Backed Securities Sold Short | (1.3%) |
| Written Options | (0.3%) |
| Net Other Assets and Liabilities(1) | (5.9%) |
| Total | 100.0% |
Credit Quality (2)
Any amount shown as 0.0% represents less than 0.1%.
(1) Includes variation margin on futures contracts.
(2) The ratings are by one or more nationally recognized statistical rating organizations (NRSROs), including S&P Global Ratings, Moody's Investors Service, Inc., Fitch Ratings, DBRS, Inc., Kroll Bond Rating Agency, Inc. or a comparably rated NRSRO. For situations in which a security is rated by more than one NRSRO and the ratings are not equivalent, the highest rating is used. A credit rating is an assessment provided by a NRSRO of the creditworthiness of an issuer with respect to debt obligations. Ratings are measured on a scale that generally ranges from AAA (highest) to D (lowest). Investment grade is defined as those issuers that have a long-term credit rating of BBB- or higher. “NR” indicates no rating. The credit ratings shown relate to the creditworthiness of the issuers of the underlying securities in the Fund, and not to the Fund or its shares. U.S. Agency, U.S. Agency mortgage-backed, and U.S. Treasury securities appear under “Government & Agency.” Credit ratings are subject to change.
WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS?
(Based on a hypothetical $10,000 investment)
| Fund | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| First Trust SSI Strategic Convertible Securities ETF | $50 | 0.95%(1) |
|
(1) |
Annualized. |
KEY FUND STATISTICS (As of April 30, 2026)
| Fund net assets | $116,537,560 |
| Total number of portfolio holdings | 142 |
| Portfolio turnover rate | 44% |
WHAT DID THE FUND INVEST IN? (As of April 30, 2026)
The tables below show the investment makeup of the Fund, representing the percentage of total investments of the Fund.
Top Ten Holdings
| Western Digital Corp., 3.00%, 11/15/28 | 4.5% |
| Lumentum Holdings, Inc., 0.38%, 03/15/32 | 3.9% |
| Dreyfus Government Cash Management Fund, Institutional Shares, 3.53% | 2.6% |
| Boeing (The) Co., 6.00%, 10/15/27 | 2.4% |
| Morgan Stanley Finance LLC, 0.13%, 02/07/28 | 2.0% |
| ON Semiconductor Corp., 0.50%, 03/01/29 | 1.9% |
| NextEra Energy Capital Holdings, Inc., 3.00%, 03/01/27 | 1.8% |
| Live Nation Entertainment, Inc., 2.88%, 01/15/30 | 1.8% |
| Morgan Stanley Finance LLC, 0.13%, 04/26/30 | 1.6% |
| Bloom Energy Corp., 0.00%, 11/15/30 | 1.6% |
Sector Allocation
Top Ten Holdings
| Western Digital Corp., 3.00%, 11/15/28 | 4.5% |
| Lumentum Holdings, Inc., 0.38%, 03/15/32 | 3.9% |
| Dreyfus Government Cash Management Fund, Institutional Shares, 3.53% | 2.6% |
| Boeing (The) Co., 6.00%, 10/15/27 | 2.4% |
| Morgan Stanley Finance LLC, 0.13%, 02/07/28 | 2.0% |
| ON Semiconductor Corp., 0.50%, 03/01/29 | 1.9% |
| NextEra Energy Capital Holdings, Inc., 3.00%, 03/01/27 | 1.8% |
| Live Nation Entertainment, Inc., 2.88%, 01/15/30 | 1.8% |
| Morgan Stanley Finance LLC, 0.13%, 04/26/30 | 1.6% |
| Bloom Energy Corp., 0.00%, 11/15/30 | 1.6% |
This report describes changes to the Fund that occurred during or after the reporting period.
WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS?
(Based on a hypothetical $10,000 investment)
| Fund | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| First Trust Long Duration Opportunities ETF | $27(1) | 0.54%(1) (2) |
|
(1)
|
Excludes any Acquired Fund Fees and Expenses of the underlying investment companies in which the Fund invests.
|
|
(2)
|
Annualized.
|
KEY FUND STATISTICS (As of April 30, 2026)
| Fund net assets | $664,498,282 |
| Total number of portfolio holdings | 176 |
| Portfolio turnover rate | 92% |
WHAT DID THE FUND INVEST IN? (As of April 30, 2026)
The tables below show the investment makeup of the Fund, representing the percentage of net assets and percentage of total investments, respectively, of the Fund.
Fund Allocation
| U.S. Government Agency Mortgage-Backed Securities | 76.3% |
| U.S. Government Bonds and Notes | 17.9% |
| U.S. Government Agency Securities | 2.8% |
| Exchange-Traded Funds | 0.3% |
| U.S. Treasury Bills | 1.2% |
| Purchased Options | 0.0% |
| U.S. Government Agency Mortgage-Backed Securities Sold Short | (2.1%) |
| Written Options | (0.4%) |
| Net Other Assets and Liabilities(1) | 4.0% |
| Total | 100.0% |
Credit Quality (2)
Any amount shown as 0.0% represents less than 0.1%.
(1) Includes variation margin on futures contracts.
(2) The ratings are by one or more nationally recognized statistical rating organizations (NRSROs), including S&P Global Ratings, Moody's Investors Service, Inc., Fitch Ratings, DBRS, Inc., Kroll Bond Rating Agency, Inc. or a comparably rated NRSRO. For situations in which a security is rated by more than one NRSRO and the ratings are not equivalent, the highest rating is used. A credit rating is an assessment provided by a NRSRO, of the creditworthiness of an issuer with respect to debt obligations. Ratings are measured on a scale that generally ranges from AAA (highest) to D (lowest). Investment grade is defined as those issuers that have a long-term credit rating of BBB- or higher. “NR” indicates no rating. The credit ratings shown relate to the creditworthiness of the issuers of the underlying securities in the Fund, and not to the Fund or its shares. U.S. Agency, U.S. Agency mortgage-backed, and U.S. Treasury securities appear under “Government & Agency.” Credit ratings are subject to change.
HOW HAS THE FUND MATERIALLY CHANGED?
This is a summary of certain changes to the Fund since November 1, 2025. For more complete information, you may review the Fund’s prospectus and any applicable supplements at www.ftportfolios.com/fund-documents/etf/LGOV or upon request at 1-800-621-1675 or info@ftportfolios.com.
Effective February 1, 2026, the Board of Trustees has approved a permanent contractual reduction of the annual unitary management fee for the Fund. The annual unitary management fee for the Fund is now 0.49%. Additionally, under the Fund’s new fee structure, the Fund will not be eligible for any breakpoint discounts described in the Fund’s prospectus or statement of additional information.
Effective February 1, 2026, the Board of Trustees has approved a permanent contractual reduction of the annual unitary management fee for the Fund. The annual unitary management fee for the Fund is now 0.49%. Additionally, under the Fund’s new fee structure, the Fund will not be eligible for any breakpoint discounts described in the Fund’s prospectus or statement of additional information.
This is a summary of certain changes to the Fund since November 1, 2025. For more complete information, you may review the Fund’s prospectus and any applicable supplements at www.ftportfolios.com/fund-documents/etf/LGOV or upon request at 1-800-621-1675 or info@ftportfolios.com.
WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS?
(Based on a hypothetical $10,000 investment)
| Fund | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| First Trust EIP Power Solutions ETF | $51(1) | 0.95%(1) (2) |
|
(1) |
Excludes any Acquired Fund Fees and Expenses of the underlying investment companies in which the Fund invests. |
|
(2) |
Annualized. |
KEY FUND STATISTICS (As of April 30, 2026)
| Fund net assets | $26,814,085 |
| Total number of portfolio holdings | 60 |
| Portfolio turnover rate | 12% |
WHAT DID THE FUND INVEST IN? (As of April 30, 2026)
The tables below show the investment makeup of the Fund, representing the percentage of total investments of the Fund.
Top Ten Holdings
| Morgan Stanley Institutional Liquidity Funds - Treasury Portfolio - Institutional Class | 5.6% |
| Duke Energy Corp. | 3.4% |
| Southern (The) Co. | 3.2% |
| Energy Transfer, L.P. | 3.2% |
| PPL Corp. | 3.2% |
| National Fuel Gas Co. | 3.1% |
| Enterprise Products Partners, L.P. | 3.0% |
| WEC Energy Group, Inc. | 2.9% |
| American Electric Power Co., Inc. | 2.9% |
| Cheniere Energy Partners, L.P. | 2.8% |
Industry Allocation
Top Ten Holdings
| Morgan Stanley Institutional Liquidity Funds - Treasury Portfolio - Institutional Class | 5.6% |
| Duke Energy Corp. | 3.4% |
| Southern (The) Co. | 3.2% |
| Energy Transfer, L.P. | 3.2% |
| PPL Corp. | 3.2% |
| National Fuel Gas Co. | 3.1% |
| Enterprise Products Partners, L.P. | 3.0% |
| WEC Energy Group, Inc. | 2.9% |
| American Electric Power Co., Inc. | 2.9% |
| Cheniere Energy Partners, L.P. | 2.8% |
WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS?
(Based on a hypothetical $10,000 investment)
| Fund | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| FT Vest S&P 500® Dividend Aristocrats Target Income ETF® | $38 | 0.74%(1) |
|
(1) |
Annualized. |
KEY FUND STATISTICS (As of April 30, 2026)
| Fund net assets | $3,369,358,909 |
| Total number of portfolio holdings | 139 |
| Portfolio turnover rate | 79% |
WHAT DID THE FUND INVEST IN? (As of April 30, 2026)
The tables below show the investment makeup of the Fund, representing the percentage of net assets and percentage of total investments, respectively, of the Fund.
Fund Allocation
| Common Stocks | 100.2% |
| Money Market Funds | 0.3% |
| Written Options | (0.5%) |
| Net Other Assets and Liabilities | 0.0% |
| Total | 100.0% |
Sector Allocation
Any amount shown as 0.0% represents less than 0.1%.
This report describes changes to the Fund that occurred during or after the reporting period.
WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS?
(Based on a hypothetical $10,000 investment)
| Fund | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| First Trust Limited Duration Investment Grade Corporate ETF | $24 | 0.48%(1) |
|
(1) |
Annualized. |
KEY FUND STATISTICS (As of April 30, 2026)
| Fund net assets | $1,507,235,118 |
| Total number of portfolio holdings | 320 |
| Portfolio turnover rate | 30% |
WHAT DID THE FUND INVEST IN? (As of April 30, 2026)
The tables below show the investment makeup of the Fund, representing the percentage of total investments of the Fund.
Top Ten Holdings
| Crowdstrike Holdings, Inc., 3.00%, 02/15/29 | 1.4% |
| MSCI, Inc., 4.00%, 11/15/29 | 1.3% |
| Fair Isaac Corp., 6.00%, 05/15/33 | 1.0% |
| Energy Transfer, L.P., 3.93%, 05/01/26 | 1.0% |
| Vulcan Materials Co., 3.85%, 05/01/26 | 1.0% |
| United Rentals North America, Inc., 6.00%, 12/15/29 | 1.0% |
| Smurfit Kappa Treasury ULC, 5.20%, 01/15/30 | 0.9% |
| Constellation Software, Inc., 5.16%, 02/16/29 | 0.9% |
| Berry Global, Inc., 5.50%, 04/15/28 | 0.8% |
| Quanta Services, Inc., 4.50%, 01/15/31 | 0.8% |
Credit Quality (1)
(1) The ratings are by one or more nationally recognized statistical rating organizations (NRSROs), including S&P Global Ratings, Moody’s Investors Service, Inc., Fitch Ratings, or a comparably rated NRSRO. For situations in which a security is rated by more than one NRSRO and the ratings are not equivalent, the highest rating is used. Ratings are measured highest to lowest on a scale that generally ranges from AAA to D for long-term ratings and A-1+ to C for short-term ratings. Investment grade is defined as those issuers that have a long-term credit rating of BBB- or higher or a short-term credit rating of A-3 or higher. “NR” indicates no rating. The credit ratings shown relate to the creditworthiness of the issuers of the underlying securities in the Fund, and not to the Fund or its shares. U.S. Treasury, U.S. Agency and U.S. Agency mortgage-backed securities appear under “Government & Agency”. Credit ratings are subject to change.
Top Ten Holdings
| Crowdstrike Holdings, Inc., 3.00%, 02/15/29 | 1.4% |
| MSCI, Inc., 4.00%, 11/15/29 | 1.3% |
| Fair Isaac Corp., 6.00%, 05/15/33 | 1.0% |
| Energy Transfer, L.P., 3.93%, 05/01/26 | 1.0% |
| Vulcan Materials Co., 3.85%, 05/01/26 | 1.0% |
| United Rentals North America, Inc., 6.00%, 12/15/29 | 1.0% |
| Smurfit Kappa Treasury ULC, 5.20%, 01/15/30 | 0.9% |
| Constellation Software, Inc., 5.16%, 02/16/29 | 0.9% |
| Berry Global, Inc., 5.50%, 04/15/28 | 0.8% |
| Quanta Services, Inc., 4.50%, 01/15/31 | 0.8% |
HOW HAS THE FUND MATERIALLY CHANGED?
This is a summary of certain changes to the Fund since November 1, 2025. For more complete information, you may review the Fund’s prospectus and any applicable supplements at www.ftportfolios.com/fund-documents/etf/FSIG or upon request at 1-800-621-1675 or info@ftportfolios.com.
Effective February 1, 2026, the Board of Trustees has approved a permanent contractual reduction of the annual unitary management fee for the Fund. The annual unitary management fee for the Fund is now 0.44%. Additionally, under the Fund’s new fee structure, the Fund will not be eligible for any breakpoint discounts described in the Fund’s prospectus or statement of additional information.
Effective February 1, 2026, the Board of Trustees has approved a permanent contractual reduction of the annual unitary management fee for the Fund. The annual unitary management fee for the Fund is now 0.44%. Additionally, under the Fund’s new fee structure, the Fund will not be eligible for any breakpoint discounts described in the Fund’s prospectus or statement of additional information.
This is a summary of certain changes to the Fund since November 1, 2025. For more complete information, you may review the Fund’s prospectus and any applicable supplements at www.ftportfolios.com/fund-documents/etf/FSIG or upon request at 1-800-621-1675 or info@ftportfolios.com.
WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS?
(Based on a hypothetical $10,000 investment)
| Fund | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| FT Vest Rising Dividend Achievers Target Income ETF | $39 | 0.75%(1) |
|
(1) |
Annualized. |
KEY FUND STATISTICS (As of April 30, 2026)
| Fund net assets | $3,073,502,895 |
| Total number of portfolio holdings | 75 |
| Portfolio turnover rate | 19% |
WHAT DID THE FUND INVEST IN? (As of April 30, 2026)
The tables below show the investment makeup of the Fund, representing the percentage of net assets and percentage of total investments, respectively, of the Fund.
Fund Allocation
| Common Stocks | 100.0% |
| Money Market Funds | 0.1% |
| Written Options | (0.1%) |
| Net Other Assets and Liabilities | 0.0% |
| Total | 100.0% |
Sector Allocation
Any amount shown as 0.0% represents less than 0.1%.
WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS?
(Based on a hypothetical $10,000 investment)
| Fund | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| FT Energy Income Partners Strategy ETF | $54 | 0.95%(1) |
|
(1) |
Annualized. |
KEY FUND STATISTICS (As of April 30, 2026)
| Fund net assets | $531,813,599 |
| Total number of portfolio holdings | 85 |
| Portfolio turnover rate | 22% |
WHAT DID THE FUND INVEST IN? (As of April 30, 2026)
The tables below show the investment makeup of the Fund, representing the percentage of total investments of the Fund.
Top Ten Holdings
| Morgan Stanley Institutional Liquidity Funds - Treasury Portfolio - Institutional Class | 9.0% |
| Enterprise Products Partners, L.P. | 7.1% |
| Energy Transfer, L.P. | 6.5% |
| MPLX, L.P. | 3.8% |
| National Fuel Gas Co. | 2.9% |
| Kinder Morgan, Inc. | 2.6% |
| Plains GP Holdings, L.P., Class A | 2.6% |
| ONEOK, Inc. | 2.5% |
| Shell PLC, ADR | 1.9% |
| Exxon Mobil Corp. | 1.9% |
Industry Allocation
Top Ten Holdings
| Morgan Stanley Institutional Liquidity Funds - Treasury Portfolio - Institutional Class | 9.0% |
| Enterprise Products Partners, L.P. | 7.1% |
| Energy Transfer, L.P. | 6.5% |
| MPLX, L.P. | 3.8% |
| National Fuel Gas Co. | 2.9% |
| Kinder Morgan, Inc. | 2.6% |
| Plains GP Holdings, L.P., Class A | 2.6% |
| ONEOK, Inc. | 2.5% |
| Shell PLC, ADR | 1.9% |
| Exxon Mobil Corp. | 1.9% |
WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS?
(Based on a hypothetical $10,000 investment)
| Fund | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| FT Vest DJIA® Dogs 10 Target Income ETF | $39 | 0.75%(1) |
|
(1) |
Annualized. |
KEY FUND STATISTICS (As of April 30, 2026)
| Fund net assets | $65,608,406 |
| Total number of portfolio holdings | 42 |
| Portfolio turnover rate | 441% |
WHAT DID THE FUND INVEST IN? (As of April 30, 2026)
The tables below show the investment makeup of the Fund, representing the percentage of net assets and percentage of total investments, respectively, of the Fund.
Fund Allocation
| Common Stocks | 50.0% |
| U.S. Treasury Bills | 61.6% |
| Money Market Funds | 0.1% |
| Purchased Options | 0.5% |
| Written Options | (25.0%) |
| Net Other Assets and Liabilities | 12.8% |
| Total | 100.0% |
Sector Allocation
This report describes changes to the Fund that occurred during or after the reporting period.
WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS?
(Based on a hypothetical $10,000 investment)
| Fund | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| First Trust Intermediate Government Opportunities ETF | $27(1) | 0.54%(1) (2) |
|
(1)
|
Excludes any Acquired Fund Fees and Expenses of the underlying investment companies in which the Fund invests.
|
|
(2)
|
Annualized.
|
KEY FUND STATISTICS (As of April 30, 2026)
| Fund net assets | $102,266,569 |
| Total number of portfolio holdings | 205 |
| Portfolio turnover rate | 71% |
WHAT DID THE FUND INVEST IN? (As of April 30, 2026)
The tables below show the investment makeup of the Fund, representing the percentage of net assets and percentage of total investments, respectively, of the Fund.
Fund Allocation
| U.S. Government Agency Mortgage-Backed Securities | 82.2% |
| U.S. Government Bonds and Notes | 13.8% |
| Mortgage-Backed Securities | 8.6% |
| Asset-Backed Securities | 1.2% |
| Money Market Funds | 1.1% |
| Purchased Options | 0.0% |
| U.S. Government Agency Mortgage-Backed Securities Sold Short | (3.2%) |
| Written Options | (0.3%) |
| Net Other Assets and Liabilities(1) | (3.4%) |
| Total | 100.0% |
Credit Quality (2)
Any amount shown as 0.0% represents less than 0.1%.
(1) Includes variation margin on futures contracts.
(2) The ratings are by one or more nationally recognized statistical rating organizations (NRSROs), including S&P Global Ratings, Moody’s Investors Service, Inc., Fitch Ratings, DBRS, Inc., Kroll Bond Rating Agency, Inc. or a comparably rated NRSRO. For situations in which a security is rated by more than one NRSRO and the ratings are not equivalent, the highest rating is used. A credit rating is an assessment provided by a NRSRO of the creditworthiness of an issuer with respect to debt obligations. Ratings are measured on a scale that generally ranges from AAA (highest) to D (lowest). Investment grade is defined as those issuers that have a long-term credit rating of BBB- or higher. “NR” indicates no rating. The credit ratings shown relate to the creditworthiness of the issuers of the underlying securities in the Fund, and not to the Fund or its shares. U.S. Agency, U.S. Agency mortgage-backed, and U.S. Treasury securities appear under “Government & Agency.” Credit ratings are subject to change.
HOW HAS THE FUND MATERIALLY CHANGED?
This is a summary of certain changes to the Fund since November 1, 2025. For more complete information, you may review the Fund’s prospectus and any applicable supplements at www.ftportfolios.com/fund-documents/etf/MGOV or upon request at 1-800-621-1675 or info@ftportfolios.com.
Effective February 1, 2026, the Board of Trustees has approved a permanent contractual reduction of the annual unitary management fee for the Fund. The annual unitary management fee for the Fund is now 0.49%. Additionally, under the Fund’s new fee structure, the Fund will not be eligible for any breakpoint discounts described in the Fund’s prospectus or statement of additional information.
Effective February 1, 2026, the Board of Trustees has approved a permanent contractual reduction of the annual unitary management fee for the Fund. The annual unitary management fee for the Fund is now 0.49%. Additionally, under the Fund’s new fee structure, the Fund will not be eligible for any breakpoint discounts described in the Fund’s prospectus or statement of additional information.
This is a summary of certain changes to the Fund since November 1, 2025. For more complete information, you may review the Fund’s prospectus and any applicable supplements at www.ftportfolios.com/fund-documents/etf/MGOV or upon request at 1-800-621-1675 or info@ftportfolios.com.
This report describes changes to the Fund that occurred during or after the reporting period.
WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS?
(Based on a hypothetical $10,000 investment)
| Fund | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| First Trust Intermediate Duration Investment Grade Corporate ETF | $27 | 0.54%(1) |
|
(1)
|
Annualized.
|
KEY FUND STATISTICS (As of April 30, 2026)
| Fund net assets | $670,876,034 |
| Total number of portfolio holdings | 251 |
| Portfolio turnover rate | 23% |
WHAT DID THE FUND INVEST IN? (As of April 30, 2026)
The tables below show the investment makeup of the Fund, representing the percentage of total investments of the Fund.
Top Ten Holdings
| Icon Investments Six DAC, 6.00%, 05/08/34 | 1.4% |
| Cooperatieve Rabobank U.A., 5.71%, 01/21/33 | 1.3% |
| Fair Isaac Corp., 6.00%, 05/15/33 | 1.1% |
| Solventum Corp., 5.60%, 03/23/34 | 1.0% |
| Constellation Software, Inc., 5.46%, 02/16/34 | 1.0% |
| Sodexo, Inc., 5.80%, 08/15/35 | 1.0% |
| Vulcan Materials Co., 3.85%, 05/01/26 | 1.0% |
| Morgan Stanley, 5.25%, 04/21/34 | 1.0% |
| Raymond James Financial, Inc., 4.90%, 09/11/35 | 0.9% |
| Roper Technologies, Inc., 4.90%, 10/15/34 | 0.9% |
Credit Quality (1)
(1) The ratings are by one or more nationally recognized statistical rating organizations (NRSROs), including S&P Global Ratings, Moody’s Investors Service, Inc., Fitch Ratings, or a comparably rated NRSRO. For situations in which a security is rated by more than one NRSRO and the ratings are not equivalent, the highest rating is used. Ratings are measured highest to lowest on a scale that generally ranges from AAA to D for long-term ratings and A-1+ to C for short-term ratings. Investment grade is defined as those issuers that have a long-term credit rating of BBB- or higher or a short-term credit rating of A-3 or higher. “NR” indicates no rating. The credit ratings shown relate to the creditworthiness of the issuers of the underlying securities in the Fund, and not to the Fund or its shares. U.S. Treasury, U.S. Agency and U.S. Agency mortgage-backed securities appear under “Government & Agency”. Credit ratings are subject to change.
Top Ten Holdings
| Icon Investments Six DAC, 6.00%, 05/08/34 | 1.4% |
| Cooperatieve Rabobank U.A., 5.71%, 01/21/33 | 1.3% |
| Fair Isaac Corp., 6.00%, 05/15/33 | 1.1% |
| Solventum Corp., 5.60%, 03/23/34 | 1.0% |
| Constellation Software, Inc., 5.46%, 02/16/34 | 1.0% |
| Sodexo, Inc., 5.80%, 08/15/35 | 1.0% |
| Vulcan Materials Co., 3.85%, 05/01/26 | 1.0% |
| Morgan Stanley, 5.25%, 04/21/34 | 1.0% |
| Raymond James Financial, Inc., 4.90%, 09/11/35 | 0.9% |
| Roper Technologies, Inc., 4.90%, 10/15/34 | 0.9% |
HOW HAS THE FUND MATERIALLY CHANGED?
This is a summary of certain changes to the Fund since November 1, 2025. For more complete information, you may review the Fund’s prospectus and any applicable supplements at www.ftportfolios.com/fund-documents/etf/FIIG or upon request at 1-800-621-1675 or info@ftportfolios.com.
Effective February 1, 2026, the Board of Trustees has approved a permanent contractual reduction of the annual unitary management fee for the Fund. The annual unitary management fee for the Fund is now 0.49%. Additionally, under the Fund’s new fee structure, the Fund will not be eligible for any breakpoint discounts described in the Fund’s prospectus or statement of additional information.
Effective February 1, 2026, the Board of Trustees has approved a permanent contractual reduction of the annual unitary management fee for the Fund. The annual unitary management fee for the Fund is now 0.49%. Additionally, under the Fund’s new fee structure, the Fund will not be eligible for any breakpoint discounts described in the Fund’s prospectus or statement of additional information.
This is a summary of certain changes to the Fund since November 1, 2025. For more complete information, you may review the Fund’s prospectus and any applicable supplements at www.ftportfolios.com/fund-documents/etf/FIIG or upon request at 1-800-621-1675 or info@ftportfolios.com.
WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS?
(Based on a hypothetical $10,000 investment)
| Fund | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| FT Vest SMID Rising Dividend Achievers Target Income ETF | $45 | 0.85%(1) |
|
(1) |
Annualized. |
KEY FUND STATISTICS (As of April 30, 2026)
| Fund net assets | $834,622,758 |
| Total number of portfolio holdings | 169 |
| Portfolio turnover rate | 21% |
WHAT DID THE FUND INVEST IN? (As of April 30, 2026)
The tables below show the investment makeup of the Fund, representing the percentage of net assets and percentage of total investments, respectively, of the Fund.
Fund Allocation
| Common Stocks | 99.9% |
| Money Market Funds | 0.2% |
| Written Options | (0.1%) |
| Net Other Assets and Liabilities | (0.0%) |
| Total | 100.0% |
Sector Allocation
Any amount shown as 0.0% represents less than 0.1%.
WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS?
(Based on a hypothetical $10,000 investment)
| Fund | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| FT Vest Technology Dividend Target Income ETF | $39 | 0.75%(1) |
|
(1) |
Annualized. |
KEY FUND STATISTICS (As of April 30, 2026)
| Fund net assets | $417,894,082 |
| Total number of portfolio holdings | 96 |
| Portfolio turnover rate | 16% |
WHAT DID THE FUND INVEST IN? (As of April 30, 2026)
The tables below show the investment makeup of the Fund, representing the percentage of net assets and percentage of total investments, respectively, of the Fund.
Fund Allocation
| Common Stocks | 99.9% |
| Money Market Funds | 0.2% |
| Written Options | (0.1%) |
| Net Other Assets and Liabilities | 0.0% |
| Total | 100.0% |
Sector Allocation
Any amount shown as 0.0% represents less than 0.1%.
WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS?
(Based on a hypothetical $10,000 investment)
| Fund | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| FT Vest Dow Jones Internet & Target Income ETF | $36 | 0.75%(1) |
|
(1) |
Annualized. |
KEY FUND STATISTICS (As of April 30, 2026)
| Fund net assets | $9,595,375 |
| Total number of portfolio holdings | 43 |
| Portfolio turnover rate | 11% |
WHAT DID THE FUND INVEST IN? (As of April 30, 2026)
The tables below show the investment makeup of the Fund, representing the percentage of net assets and percentage of total investments, respectively, of the Fund.
Fund Allocation
| Common Stocks | 99.3% |
| Money Market Funds | 0.1% |
| Written Options | (0.1%) |
| Net Other Assets and Liabilities | 0.7% |
| Total | 100.0% |
Sector Allocation
Any amount shown as 0.0% represents less than 0.1%.
WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS?
(Based on a hypothetical $10,000 investment)
| Fund | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| FT Vest High Yield & Target Income ETF | $33 | 0.65%(1) |
|
(1) |
Annualized. |
KEY FUND STATISTICS (As of April 30, 2026)
| Fund net assets | $82,318,235 |
| Total number of portfolio holdings | 6 |
| Portfolio turnover rate | 0% |
WHAT DID THE FUND INVEST IN? (As of April 30, 2026)
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.
Fund Allocation
| U.S. Treasury Bills | 1.8% |
| Money Market Funds | 1.1% |
| Purchased Options | 96.3% |
| Written Options | (0.0%) |
| Net Other Assets and Liabilities | 0.8% |
| Total | 100.0% |
Any amount shown as 0.0% represents less than 0.1%.
WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS?
(Based on a hypothetical $10,000 investment)
| Fund | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| FT Vest Investment Grade & Target Income ETF | $32 | 0.65%(1) |
|
(1) |
Annualized. |
KEY FUND STATISTICS (As of April 30, 2026)
| Fund net assets | $276,091,235 |
| Total number of portfolio holdings | 6 |
| Portfolio turnover rate | 0% |
WHAT DID THE FUND INVEST IN? (As of April 30, 2026)
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.
Fund Allocation
| U.S. Treasury Bills | 1.3% |
| Money Market Funds | 1.1% |
| Purchased Options | 96.9% |
| Written Options | (0.0%) |
| Net Other Assets and Liabilities | 0.7% |
| Total | 100.0% |
Any amount shown as 0.0% represents less than 0.1%.
WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS?
(Based on a hypothetical $10,000 investment)
| Fund | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| FT Vest 20+ Year Treasury & Target Income ETF | $32 | 0.65%(1) |
|
(1) |
Annualized. |
KEY FUND STATISTICS (As of April 30, 2026)
| Fund net assets | $13,847,279 |
| Total number of portfolio holdings | 6 |
| Portfolio turnover rate | 0% |
WHAT DID THE FUND INVEST IN? (As of April 30, 2026)
The table below shows the investment makeup of the Fund, representing the percentage of net assets of the Fund.
Fund Allocation
| U.S. Treasury Bills | 1.1% |
| Money Market Funds | 1.2% |
| Purchased Options | 97.0% |
| Written Options | (0.0%) |
| Net Other Assets and Liabilities | 0.7% |
| Total | 100.0% |
Any amount shown as 0.0% represents less than 0.1%.
WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS?
(Based on a hypothetical $10,000 investment)
| Fund | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| FT Vest Growth Strength & Target Income ETF | $42 | 0.85%(1) |
|
(1) |
Annualized. |
KEY FUND STATISTICS (As of April 30, 2026)
| Fund net assets | $2,991,766 |
| Total number of portfolio holdings | 52 |
| Portfolio turnover rate | 54% |
WHAT DID THE FUND INVEST IN? (As of April 30, 2026)
The tables below show the investment makeup of the Fund, representing the percentage of net assets and percentage of total investments, respectively, of the Fund.
Fund Allocation
| Common Stocks | 99.9% |
| Money Market Funds | 0.1% |
| Written Options | (0.1%) |
| Net Other Assets and Liabilities | 0.1% |
| Total | 100.0% |
Sector Allocation
| [1] | Excludes any Acquired Fund Fees and Expenses of the underlying investment companies in which the Fund invests. |
| [2] | Annualized. |
| [3] | Excludes any Acquired Fund Fees and Expenses of the underlying investment companies in which the Fund invests. |
| [4] | Annualized. |
| [5] | Annualized. |
| [6] | Annualized. |
| [7] | Excludes any Acquired Fund Fees and Expenses of the underlying investment companies in which the Fund invests. |
| [8] | Annualized. |
| [9] | Excludes any Acquired Fund Fees and Expenses of the underlying investment companies in which the Fund invests. |
| [10] | Annualized. |
| [11] | Annualized. |
| [12] | Excludes any Acquired Fund Fees and Expenses of the underlying investment companies in which the Fund invests. |
| [13] | Annualized. |
| [14] | Excludes any Acquired Fund Fees and Expenses of the underlying investment companies in which the Fund invests. |
| [15] | Annualized. |
| [16] | Annualized. |
| [17] | Annualized. |
| [18] | Annualized. |
| [19] | Annualized. |
| [20] | Annualized. |
| [21] | Excludes any Acquired Fund Fees and Expenses of the underlying investment companies in which the Fund invests. |
| [22] | Annualized. |
| [23] | Annualized. |
| [24] | Annualized. |
| [25] | Annualized. |
| [26] | Annualized. |
| [27] | Annualized. |
| [28] | Annualized. |
| [29] | Annualized. |
| [30] | Annualized. |