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First Trust entities disclose 1.45M shares (21.92%) in FT Vest U.S. Equity Moderate Buffer ETF

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

Rhea-AI Filing Summary

First Trust Exchange-Traded Fund VIII filings show that First Trust Portfolios L.P., First Trust Advisors L.P. and The Charger Corporation jointly report beneficial ownership of 1,452,158 shares of FT Vest U.S. Equity Moderate Buffer ETF - November 21.92% of the class. The reporting group discloses no sole voting or dispositive power and instead reports shared voting power of 1,387,195 shares and shared dispositive power over all 1,452,158 shares. The filing clarifies these shares are held across unit investment trusts and other accounts and disclaims direct beneficial ownership by the filers.

Positive

  • Significant disclosed stake: The reporting group holds 1,452,158 shares (21.92%), a material ownership level that is clearly disclosed.
  • Clear governance disclosure: The filing explains that shares held in unit investment trusts are voted by trustees to mirror other shareholders, reducing ambiguity about voting intent.

Negative

  • No sole voting power: The filers report 0 sole voting power, indicating they do not control vote outcomes directly despite economic exposure.
  • Disclaimed beneficial ownership: Portions of the reported holdings are disclaimed for certain trust-held shares, which may limit clarity on ultimate beneficial holders.

Insights

TL;DR: Joint filing discloses a sizeable 21.92% position held via unit investment trusts with voting controlled by trustees, not the filers.

The Schedule 13G/A is a routine, non-control disclosure showing a significant passive stake of 1,452,158 shares (21.92%). Material here is the ownership magnitude and the governance note that trustees vote the shares to mirror other shareholders; the filers state they lack sole voting power. For investors, this is informational rather than a change-in-control signal because the filing affirms ordinary-course holding and a disclaimer of beneficial ownership where applicable.

TL;DR: The filing emphasizes shared voting arrangements and disclaimers, indicating limited direct control despite large economic exposure.

The disclosure makes clear that, although the group controls just under 22% economically, voting is exercised by unit trust trustees to align with other shareholders, and the filers disclaim beneficial ownership for certain trust-held shares. This reduces the likelihood that the position will be used to influence issuer control. The document is compliant and provides appropriate attribution of voting and dispositive powers.






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 FT Vest U.S. Equity Moderate Buffer ETF?

They report beneficial ownership of 1,452,158 shares, representing 21.92% of the class (CUSIP 33740U687).

Do the reporting persons have voting control over the shares?

No. The filing discloses 0 sole voting power and 1,387,195 shares of shared voting power; many shares are voted by unit trust trustees.

Who filed this Schedule 13G/A and where are they organized?

The filing is joint by First Trust Portfolios L.P., First Trust Advisors L.P. and The Charger Corporation, all organized in Illinois.

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

No. The filers certify the securities are held in the ordinary course of business and not acquired to change or influence control of the issuer.

How are the shares held and managed according to the filing?

Shares are held across unit investment trusts, other registered investment companies, pooled vehicles and/or separately managed accounts with First Trust Advisors serving as advisor or sub-advisor in some cases.
First Trust Smith Unconstrained Pl BdETF

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