First Trust Innovation Leaders ETF

Frequently Asked Questions About ILDR

What does ILDR invest in?

The First Trust Innovation Leaders ETF (referred to as the "Fund") primarily seeks to generate capital appreciation for its investors. In typical market environments, the Fund allocates a minimum of 80% of its net assets (which may include funds borrowed for investment purposes) to equity shares and depository receipts. These securities are issued by both domestic (U.S.) and international entities that are anticipated to thrive from the development or deployment of scientific and technological breakthroughs. This investment universe includes, but is not confined to, enterprises positioned to gain from groundbreaking products or services, pioneering scientific inquiry, technological enhancements, or significant improvements to existing offerings. Specific areas of focus include automation, advanced medical technologies, digital networking, high-performance computing, expanded mobility solutions, the transformation of energy, and electronic commerce.

What is the expense ratio of ILDR?

First Trust Innovation Leaders ETF (ILDR) charges an expense ratio of 0.75%. This is the annual fee deducted from fund assets to cover management and operations.

How big is ILDR?

First Trust Innovation Leaders ETF (ILDR) manages $350.4M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.

Is ILDR actively managed or an index fund?

ILDR's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was ILDR launched?

First Trust Innovation Leaders ETF (ILDR) launched in May 2021 and is managed by First Trust.

How has ILDR performed?

ILDR's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.