# First Trust Innovation Leaders ETF (ILDR): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/ildr for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: First Trust · Asset class: Growth - Strategy: Thematic · Inception: 2021-05-25 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 t... ## Key Facts | Metric | Value | |---|---| | Price | $36.87 | | Expense Ratio | 0.75% | | Assets Under Management | $350.4M | | NAV | $38.30 | | Holdings Count | 81 | | Distribution Yield (TTM) | — | | Annual Distribution (TTM) | — /share | | Distribution Frequency | Irregular | | 52-Week Range | $28.19 – $41.10 | | Beta | 1.55 | ## Latest Distribution - Amount: $0.0339 /share - Ex-date: 2021-12-23 - Pay date: 2021-12-31 ## Frequently Asked Questions ### 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. ### Does ILDR pay a dividend? First Trust Innovation Leaders ETF (ILDR) currently distributes little or no income. Trailing-twelve-month yield is —. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does ILDR pay dividends? First Trust Innovation Leaders ETF pays dividends Irregular. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is ILDR's dividend yield? ILDR's trailing-twelve-month yield is —, calculated from the sum of dividends over the past year divided by the current price. ### When is ILDR's next ex-dividend date? The most recently announced ex-dividend date for ILDR was 2021-12-23. The next ex-date typically follows Irregular; once announced it appears at the top of the dividend history table on this page. ### How much will ILDR's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.75% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does ILDR charge its expense ratio? The expense ratio is deducted in tiny daily slices from ILDR's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does ILDR cost more than a fund like VOO? ILDR's strategy (current expense ratio 0.75%) is different from a broad-market index tracker like VOO, so its fee belongs to a different cohort. The Cost Verdict card above shows you where ILDR sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to ILDR? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as ILDR (0.75%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/ildr - Distribution history: https://www.dividenddata.com/funds/ildr/dividend - Holdings & diversification: https://www.dividenddata.com/funds/ildr/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/ildr/expenses - Peer comparison: https://www.dividenddata.com/funds/ildr/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.