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Schedule 13G/A: First Trust affiliates disclose 2.83M shares (39.46%)

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13G/A

Rhea-AI Filing Summary

Schedule 13G/A filed reporting that First Trust Portfolios L.P., First Trust Advisors L.P. and The Charger Corporation jointly hold 2,831,605 shares of the class FT Vest U.S. Equity Deep Buffer ETF - October, representing 39.46% of the class. The filing shows shared voting and dispositive power over those shares (2,831,605). The filing explains these shares are held in unit investment trusts and other vehicles for which the reporting persons serve as sponsor, portfolio supervisor or investment adviser, and that the reporting persons disclaim beneficial ownership of the shares held by those trusts. The statement is signed by James M. Dykas on behalf of each reporting person

Positive

  • Material disclosure of stake: The filing clearly reports an aggregate holding of 2,831,605 shares (39.46%).
  • Transparency on structure: The filing explains the shares are held within unit investment trusts and related vehicles and describes voting arrangements.

Negative

  • None.

Insights

TL;DR: Joint filing discloses a large, concentrated position of 39.46% held across affiliated First Trust entities; ownership appears administrative.

The Schedule 13G/A reports an aggregate holding of 2,831,605 shares (39.46%) in FT Vest U.S. Equity Deep Buffer ETF - October. The ownership is shown as shared voting and dispositive power held by First Trust Advisors L.P. and related entities. The filing emphasizes that many shares are held in unit investment trusts sponsored by First Trust Portfolios L.P., and the reporting parties disclaim beneficial ownership of shares held by those trusts. For investors, this is a material disclosure of concentration but the documentation frames the position as arising from fund and trust structures rather than an active control intent.

TL;DR: Significant aggregated position disclosed, but reporting parties disclaim beneficial ownership and indicate trustee voting procedures.

The filing clarifies governance mechanics: the trustee of the unit investment trusts votes shares to mirror ordinary shareholder proportions and First Trust Portfolios L.P. may enter agreements under applicable trust terms to vote in unit holders' best interests. The filing includes standard certifications and a joint filing agreement






Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)






SCHEDULE 13G





SCHEDULE 13G





SCHEDULE 13G





SCHEDULE 13G



First Trust Portfolios L.P.
Signature:/s/ James M. Dykas
Name/Title:James M. Dykas, Chief Financial Officer
Date:09/08/2025
First Trust Advisors L.P.
Signature:/s/ James M. Dykas
Name/Title:James M. Dykas, Chief Financial Officer
Date:09/08/2025
The Charger Corporation
Signature:/s/ James M. Dykas
Name/Title:James M. Dykas, Chief Financial Officer and Treasurer
Date:09/08/2025
Exhibit Information

Please see Exhibit 99.1 for Joint Filing Agreement

FAQ

What stake do First Trust entities report in the FT Vest U.S. Equity Deep Buffer ETF (symbol UCON)?

The filing reports an aggregate holding of 2,831,605 shares, representing 39.46% of the class.

Who are the reporting persons in this Schedule 13G/A?

The reporting persons are First Trust Portfolios L.P., First Trust Advisors L.P., and The Charger Corporation.

Do the reporting persons claim sole voting or dispositive power over the shares?

No. The filing shows 0 sole voting power and 2,831,605 shared voting power and shared dispositive power.

Are these shares held directly or within funds/trusts?

The filing states the shares are held by unit investment trusts, other registered investment companies, pooled vehicles and/or separately managed accounts sponsored or advised by the reporting persons.

Does the filing indicate an intent to change or influence control of the issuer?

The certification states the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
First Trust Smith Unconstrained Pl BdETF

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