Investment objective & strategy
As of Dec. 29, 2025 · prospectusObjective. The First Trust Innovation Leaders ETF (the "Fund" ) seeks to provide capital appreciation.
Strategy. Under normal market conditions, the Fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in common stock and depository receipts issued by U.S. and non-U.S. companies that may benefit from the development or application of scientific and technological innovation. This includes, but is not limited to, companies that are poised to benefit from new products or services, scientific research, technological improvements and/or enhancements to existing products or services related to automation, advanced medicine, networks, advanced computing, enhanced mobility, energy revolution and e-commerce. The Fund may also invest in companies with various market capitalizations and securities denominated in a non-U.S. currency. The Fund combines both a top-down theme identification process and bottom-up stock selection … Under normal market conditions, the Fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in common stock and depository receipts issued by U.S. and non-U.S. companies that may benefit from the development or application of scientific and technological innovation. This includes, but is not limited to, companies that are poised to benefit from new products or services, scientific research, technological improvements and/or enhancements to existing products or services related to automation, advanced medicine, networks, advanced computing, enhanced mobility, energy revolution and e-commerce. The Fund may also invest in companies with various market capitalizations and securities denominated in a non-U.S. currency. The Fund combines both a top-down theme identification process and bottom-up stock selection process to identify investments. The Funds process begins with the identification of themes in line with the Funds goal of providing exposure to emerging opportunities across areas of innovation. Securities are selected based on an assessment of their investment merit and exposure to selected themes. The Funds investments will be concentrated in the information technology sector, and therefore, may be concentrated in one or more industries within the information technology sector. The Fund is classified as non-diversified under the Investment Company Act of 1940, as amended (the 1940 Act ).
Top holdings
As of Feb. 28, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| NVIDIA CORP | — | $16.16M | 7.33% |
| AMAZON.COM INC | — | $12.20M | 5.53% |
| ALPHABET INC CL A | — | $11.91M | 5.40% |
| LILLY ELI and CO | — | $9.21M | 4.18% |
| SCHNEIDER ELECTR | — | $8.85M | 4.01% |
| BROADCOM INC | — | $8.69M | 3.94% |
| MICROSOFT CORP | — | $8.59M | 3.90% |
| ORACLE CORP | — | $7.29M | 3.30% |
| MICRON TECHNOLOGY INC | — | $5.91M | 2.68% |
| SIEMENS ENERGY AG | — | $5.75M | 2.60% |
Portfolio moves
Nov 30, 2025 → Feb 28, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| Victory Pioneer Disciplined Growth Fund · INYDX, INDCX, PINDX, INKDX | 46% | 0.71% |
| Dan IVES Wedbush AI Revolution ETF · IVES | 44% | 0.75% |
| First Trust Bloomberg Artificial Intelligence ETF · FAI | 44% | 0.65% |
Advisers
| Firm | Role |
|---|---|
| First Trust Advisors L.P. | Adviser |
Footnotes
- Expense ratio as of December 29, 2025, from the fund's prospectus.
- Net assets and holdings count as of February 28, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2025, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2025 (the latest prospectus does not yet chart this year).
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