05/11/2022 | Press release | Distributed by Public on 05/11/2022 04:04
First Trust
Exchange-Traded Fund VI
|
Ticker Symbol:
|
FTQI
|
Exchange:
|
Nasdaq
|
Summary Information
|
3
|
Additional Information on the Fund's Investment Objective and Strategies
|
11
|
Fund Investments
|
11
|
Risks of Investing in the Fund
|
12
|
Fund Organization
|
18
|
Management of the Fund
|
18
|
How to Buy and Sell Shares
|
19
|
Dividends, Distributions and Taxes
|
20
|
Federal Tax Matters
|
20
|
Distribution Plan
|
23
|
Net Asset Value
|
23
|
Fund Service Providers
|
24
|
Disclaimers
|
24
|
Premium/Discount Information
|
24
|
Total Return Information
|
24
|
Financial Highlights
|
26
|
Other Information
|
27
|
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price)
|
None
|
Management Fees
|
0.85%
|
Distribution and Service (12b-1) Fees
|
0.00%
|
Other Expenses
|
0.00%
|
Total Annual Fund Operating Expenses
|
0.85%
|
1 Year
|
3 Years
|
5 Years
|
10 Years
|
$87
|
$271
|
$471
|
$1,049
|
Best Quarter
|
|
Worst Quarter
|
|
7.16%
|
March 31, 2019
|
-13.12%
|
March 31, 2020
|
|
1 Year
|
5 Years
|
Since
Inception
|
Inception
Date
|
Return Before Taxes
|
9.99%
|
3.67%
|
4.26%
|
1/6/2014
|
Return After Taxes on Distributions
|
8.60%
|
2.37%
|
2.88%
|
|
Return After Taxes on Distributions and Sale of Fund Shares
|
5.88%
|
2.24%
|
2.66%
|
|
Cboe Nasdaq-100 BuyWrite IndexSM(1)(reflects no deduction for
fees, expenses or taxes)
|
10.56%
|
10.50%
|
8.67%
|
|
S&P 500®Index (reflects no deduction for fees, expenses or
taxes)
|
28.71%
|
18.47%
|
14.98%
|
|
Nasdaq-100 Index(2)(reflects no deduction for fees, expenses or
taxes)
|
27.51%
|
28.63%
|
22.44%
|
|
CBOE S&P 500 95-110 Collar IndexSM(3)(reflects no deduction for
fees, expenses or taxes)
|
17.67%
|
15.94%
|
11.08%
|
|
|
|
Average Annual
|
Cumulative
|
||
|
1 Year
|
5 Years
|
Inception
(1/6/2014)
|
5 Years
|
Inception
(1/6/2014)
|
Fund Performance
|
|
|
|
|
|
Net Asset Value
|
13.66%
|
3.89%
|
4.03%
|
21.03%
|
35.75%
|
Market Price
|
13.71%
|
4.35%
|
4.04%
|
23.75%
|
35.84%
|
Index Performance
|
|
|
|
|
|
Cboe Nasdaq-100 BuyWrite IndexSM (1)
|
14.65%
|
10.03%
|
8.34%
|
61.29%
|
85.82%
|
S&P 500®Index
|
30.00%
|
16.90%
|
13.95%
|
118.26%
|
174.44%
|
Nasdaq-100 Index(2)
|
29.58%
|
25.93%
|
21.56%
|
216.73%
|
353.03%
|
CBOE S&P 500 95-110 Collar IndexSM (3)
|
18.81%
|
15.10%
|
10.52%
|
102.03%
|
116.72%
|
|
Year Ended September 30,
|
|||||
|
2021
|
2020
|
2019
|
2018
|
2017
|
|
|
|
|
|
|
|
|
Net asset value, beginning of period
|
$19.23
|
$22.30
|
$22.92
|
$22.27
|
$20.38
|
|
Income from investment operations:
|
|
|
|
|
|
|
Net investment income (loss)
|
0.34
|
0.21
|
0.27
|
0.40
|
0.38
|
|
Net realized and unrealized gain (loss)
|
2.26
|
(2.62)
|
(0.23)
|
0.91
|
2.14
|
|
Total from investment operations
|
2.60
|
(2.41)
|
0.04
|
1.31
|
2.52
|
|
Distributions paid to shareholders from:
|
|
|
|
|
|
|
Net investment income
|
(0.66)
|
(0.21)
|
(0.58)
|
(0.66)
|
(0.63)
|
|
Return of capital
|
-
|
(0.45)
|
(0.08)
|
-
|
-
|
|
Total distributions
|
(0.66)
|
(0.66)
|
(0.66)
|
(0.66)
|
(0.63)
|
|
Net asset value, end of period
|
$21.17
|
$19.23
|
$22.30
|
$22.92
|
$22.27
|
|
Total Return (a)
|
13.66%
|
(10.98)%
|
0.29%
|
5.95%
|
12.57%
|
|
Ratios/supplemental data:
|
|
|
|
|
|
|
Net assets, end of period (in 000's)
|
$9,527
|
$4,807
|
$8,919
|
$13,751
|
$7,794
|
|
Ratios to average net assets:
|
|
|
|
|
|
|
Ratio of total expenses to average net assets
|
0.85%
|
0.85%
|
0.85%
|
0.85%
|
0.85%
|
|
Ratio of net investment income (loss) to average net assets
|
1.16%
|
0.96%
|
1.40%
|
1.32%
|
1.45%
|
|
Portfolio turnover rate (b)
|
182%
|
207%
|
205%
|
219%
|
184%
|
|
First Trust
Exchange-Traded Fund VI
|
FUND NAME
|
TICKER SYMBOL
|
EXCHANGE
|
First Trust Nasdaq BuyWrite Income ETF
(formerly, First Trust Hedged BuyWrite Income ETF)
|
FTQI
|
Nasdaq
|
General Description of the Trust and the Fund
|
1
|
Exchange Listing and Trading
|
3
|
Investment Objective and Policies
|
3
|
Investment Strategies
|
4
|
Investment Risks
|
11
|
Management of the Fund
|
16
|
Accounts Managed by Portfolio Managers
|
24
|
Brokerage Allocations
|
24
|
Administrator, Fund Accounting Agent, Transfer Agent, Custodian, Distributor and Exchange
|
25
|
Additional Payments to Financial Intermediaries
|
27
|
Additional Information
|
28
|
Proxy Voting Policies and Procedures
|
33
|
Creation and Redemption of Creation Units
|
34
|
Federal Tax Matters
|
37
|
Determination of Net Asset Value
|
41
|
Dividends and Distributions
|
43
|
Miscellaneous Information
|
44
|
Financial Statements
|
44
|
Exhibit A-Principal Holders Table
|
A-1
|
Exhibit B-Proxy Voting Guidelines
|
B-1
|
Portfolio Turnover Rate
|
|
Fiscal Year Ended September 30,
|
|
2021
|
2020
|
182%
|
207%
|
Name and
Year of Birth
|
Position
and Offices
with Trust
|
Term of
Office and
Year First
Elected or
Appointed
|
Principal Occupations
During Past 5 Years
|
Number of
Portfolios
in the First
Trust Fund
Complex
Overseen
by Trustee
|
Other
Trusteeships or
Directorships
Held by
Trustee
During the
Past 5 Years
|
TRUSTEE WHO IS AN INTERESTED PERSON OF THE TRUST
|
|||||
James A. Bowen (1)
1955
|
Chairman of the
Board and Trustee
|
•Indefinite term
•Since inception
|
Chief Executive Officer, First Trust
Advisors L.P. and First Trust Portfolios
L.P.; Chairman of the Board of Directors,
BondWave LLC (Software Development
Company) and Stonebridge Advisors LLC
(Investment Advisor)
|
218 Portfolios
|
None
|
INDEPENDENT TRUSTEES
|
|||||
Richard E. Erickson
1951
|
Trustee
|
•Indefinite term
•Since inception
|
Physician, Edward-Elmhurst Medical
Group; Physician and Officer, Wheaton
Orthopedics (1990 to 2021)
|
218 Portfolios
|
None
|
Name and
Year of Birth
|
Position
and Offices
with Trust
|
Term of
Office and
Year First
Elected or
Appointed
|
Principal Occupations
During Past 5 Years
|
Number of
Portfolios
in the First
Trust Fund
Complex
Overseen
by Trustee
|
Other
Trusteeships or
Directorships
Held by
Trustee
During the
Past 5 Years
|
INDEPENDENT TRUSTEES
|
|||||
Thomas R. Kadlec
1957
|
Trustee
|
•Indefinite term
•Since inception
|
President, ADM Investor Services, Inc.
(Futures Commission Merchant)
|
218 Portfolios
|
Director of ADM
Investor Services,
Inc., ADM Investor
Services
International,
ADMIS Hong Kong
Ltd., ADMIS
Singapore Ltd.,
Futures Industry
Association, and
National Futures
Association
|
Denise M. Keefe
1964
|
Trustee
|
•Indefinite term
•Since 2021
|
Executive Vice President, Advocate
Aurora Health and President, Advocate
Aurora Continuing Health Division
(Integrated Healthcare System)
|
218 Portfolios
|
Director and Board
Chair of Advocate
Home Health
Services, Advocate
Home Care
Products and
Advocate Hospice;
Director and Board
Chair of Aurora At
Home (since
2018); Director of
Advocate
Physician Partners
Accountable Care
Organization;
Director and Board
Chair of RML Long
Term Acute Care
Hospitals; and
Director of Senior
Helpers (since
2021)
|
Robert F. Keith
1956
|
Trustee
|
•Indefinite term
•Since inception
|
President, Hibs Enterprises (Financial and
Management Consulting)
|
218 Portfolios
|
Director of Trust
Company of
Illinois
|
Niel B. Nielson
1954
|
Trustee
|
•Indefinite term
•Since inception
|
Senior Advisor (August 2018 to present),
Managing Director and Chief Operating
Officer (January 2015 to August 2018),
Pelita Harapan Educational Foundation
(Educational Products and Services)
|
218 Portfolios
|
None
|
Name and
Year of Birth
|
Position and
Offices with Trust
|
Term of Office and
Length of Service
|
Principal Occupations
During Past 5 Years
|
OFFICERS OF THE TRUST
|
|||
James M. Dykas
1966
|
President and Chief
Executive Officer
|
•Indefinite term
•Since January 2016
|
Managing Director and Chief Financial Officer, First
Trust Advisors L.P. and First Trust Portfolios L.P.;
Chief Financial Officer, BondWave LLC (Software
Development Company) and Stonebridge Advisors
LLC (Investment Advisor)
|
W. Scott Jardine
1960
|
Secretary and Chief Legal
Officer
|
•Indefinite term
•Since inception
|
General Counsel, First Trust Advisors L.P. and First
Trust Portfolios L.P.; Secretary and General Counsel,
BondWave LLC; and Secretary, Stonebridge Advisors
LLC
|
Daniel J. Lindquist
1970
|
Vice President
|
•Indefinite term
•Since inception
|
Managing Director, First Trust Advisors L.P. and First
Trust Portfolios L.P.
|
Kristi A. Maher
1966
|
Chief Compliance Officer
and Assistant Secretary
|
•Indefinite term
•Since inception
|
Deputy General Counsel, First Trust Advisors L.P.
and First Trust Portfolios L.P.
|
Donald P. Swade
1972
|
Treasurer, Chief Financial
Officer and Chief
Accounting Officer
|
•Indefinite term
•Since January 2016
|
Senior Vice President, First Trust Advisors L.P. and
First Trust Portfolios L.P.
|
Name and
Year of Birth
|
Position and
Offices with Trust
|
Term of Office and
Length of Service
|
Principal Occupations
During Past 5 Years
|
Roger F. Testin
1966
|
Vice President
|
•Indefinite term
•Since inception
|
Senior Vice President, First Trust Advisors L.P. and
First Trust Portfolios L.P.
|
Stan Ueland
1970
|
Vice President
|
•Indefinite term
•Since inception
|
Senior Vice President, First Trust Advisors L.P. and
First Trust Portfolios L.P.
|
Name of Trustee
|
Total Compensation from
the Fund (1)
|
Total Compensation from
the First Trust Fund Complex (2)
|
Richard E. Erickson
|
$3,794
|
$509,393
|
Thomas R. Kadlec
|
$3,794
|
$509,393
|
Denise M. Keefe (3)
|
$-
|
$125,813
|
Robert F. Keith
|
$3,794
|
$499,393
|
Niel B. Nielson
|
$3,795
|
$519,393
|
Trustee
|
Dollar Range of Equity
Securities in the Fund
(Number of Shares
Held)
|
Aggregate Dollar
Range of Equity
Securities in All
Registered Investment
Companies Overseen
by Trustee in the First
Trust Fund Complex
|
Interested Trustee
|
||
James A. Bowen
|
None
|
Over $100,000
|
Independent Trustees
|
||
Richard E. Erickson
|
None
|
Over $100,000
|
Thomas R. Kadlec
|
None
|
Over $100,000
|
Denise M. Keefe(1)
|
None
|
None
|
Robert F. Keith
|
None
|
Over $100,000
|
Niel B. Nielson
|
None
|
Over $100,000
|
Amount of Unitary Fees
|
||
Fiscal Year Ended September 30,
|
||
2021
|
2020
|
2019
|
$60,558
|
$57,834
|
$84,682
|
Name
|
Position with
First Trust
|
Length of Service
with First Trust
|
Principal Occupation
During Past Five Years
|
John Gambla
|
Senior Portfolio Manager
|
Since 2011
|
Senior Portfolio Manager, First Trust Advisors L.P.
|
Rob A. Guttschow
|
Senior Portfolio Manager
|
Since 2011
|
Senior Portfolio Manager, First Trust Advisors L.P.
|
Portfolio Managers
|
Registered
Investment Companies
Number of Accounts
($ Assets)
|
Other Pooled
Investment Vehicles
Number of Accounts
($ Assets)
|
Other Accounts
Number of Accounts
($ Assets)
|
John Gambla
|
8 ($2,605,864,495)
|
1 ($688,327)
|
N/A
|
Rob A. Guttschow
|
8 ($2,605,864,495)
|
1 ($688,327)
|
N/A
|
Aggregate Amount of Brokerage Commissions
|
||
Fiscal Year Ended September 30,
|
||
2021
|
2020
|
2019
|
$8,086
|
$6,496
|
$9,099
|
Total
Non-Expiring
Capital Loss
Available
|
$2,774,391
|
NAME OF BENEFICIAL OWNER
|
% OF
OUTSTANDING
SHARES OWNED
|
FIRST TRUST NASDAQ BUYWRITE INCOME ETF
|
|
Charles Schwab & Co., Inc.
|
29.28%
|
LPL Financial LLC
|
26.30%
|
National Financial Services LLC
|
13.49%
|
TD Ameritrade Clearing Inc.
|
9.99%
|
Goldman Sachs & Co. LLC
|
7.05%
|
Pershing LLC
|
5.07%
|