[SCHEDULE 13G/A] First Trust Smith Unconstrained Bond ETF SEC Filing
Foundations Investment Advisors, LLC filed Amendment No. 2 to Schedule 13G disclosing a large holding in First Trust Exchange-Traded Fund VIII – First Trust Smith Unconstrained Bond ETF (UCON). As of 30 June 2025, the Arizona-based registered investment adviser beneficially owned 737,087 shares, equal to 38.3 % of the ETF’s outstanding units. The firm reports sole dispositive power over the entire stake but no voting power, indicating authority to trade the shares without influencing proxy matters. The filing is made under Rule 13d-1(b) applicable to investment advisers and was signed by CCO Marc Pugsley on 28 July 2025. No group membership, subsidiary involvement, or other reportable relationships are indicated.
Foundations Investment Advisors, LLC ha presentato l'Emendamento n. 2 al Modulo 13G, rivelando una consistente partecipazione nel First Trust Exchange-Traded Fund VIII – First Trust Smith Unconstrained Bond ETF (UCON). Al 30 giugno 2025, la società di consulenza finanziaria registrata in Arizona deteneva beneficiariamente 737.087 azioni, pari al 38,3% delle quote in circolazione dell'ETF. L'azienda dichiara di avere il pieno potere dispositive sull'intera partecipazione, ma nessun potere di voto, indicando l'autorità di negoziare le azioni senza influenzare le decisioni di voto. La comunicazione è stata effettuata ai sensi della Regola 13d-1(b), applicabile ai consulenti d'investimento, ed è stata firmata dal CCO Marc Pugsley il 28 luglio 2025. Non sono indicate appartenenze a gruppi, coinvolgimenti di sussidiarie o altre relazioni rilevanti.
Foundations Investment Advisors, LLC presentó la Enmienda N.º 2 al Formulario 13G revelando una gran participación en el First Trust Exchange-Traded Fund VIII – First Trust Smith Unconstrained Bond ETF (UCON). Al 30 de junio de 2025, el asesor de inversiones registrado en Arizona poseía beneficiariamente 737,087 acciones, equivalentes al 38.3% de las unidades en circulación del ETF. La firma reporta poder dispositive exclusivo sobre toda la participación pero sin poder de voto, lo que indica autoridad para negociar las acciones sin influir en asuntos de voto. La presentación se realiza conforme a la Regla 13d-1(b) aplicable a asesores de inversión y fue firmada por el CCO Marc Pugsley el 28 de julio de 2025. No se indican membresías grupales, participación de subsidiarias u otras relaciones reportables.
Foundations Investment Advisors, LLC는 First Trust Exchange-Traded Fund VIII – First Trust Smith Unconstrained Bond ETF (UCON)에 대한 대규모 보유를 공개하는 13G 스케줄 수정안 2호를 제출했습니다. 2025년 6월 30일 기준으로 애리조나에 본사를 둔 등록 투자 자문사는 737,087주를 실질적으로 보유하고 있으며, 이는 ETF 발행 주식의 38.3%에 해당합니다. 이 회사는 전체 지분에 대해 단독 처분 권한은 있으나 의결권은 없음을 보고하여 주식을 거래할 권한은 있으나 의결권 행사에는 관여하지 않음을 나타냅니다. 이 제출은 투자 자문사에 적용되는 규칙 13d-1(b)에 따라 이루어졌으며, CCO인 Marc Pugsley가 2025년 7월 28일 서명했습니다. 그룹 소속, 자회사 참여 또는 기타 보고 대상 관계는 없습니다.
Foundations Investment Advisors, LLC a déposé l'Amendement n° 2 au formulaire 13G révélant une participation importante dans le First Trust Exchange-Traded Fund VIII – First Trust Smith Unconstrained Bond ETF (UCON). Au 30 juin 2025, le conseiller en investissement enregistré en Arizona détenait bénéficiairement 737 087 actions, soit 38,3 % des parts en circulation de l'ETF. La société déclare disposer du pouvoir exclusif de disposition sur l'intégralité de la participation mais aucun pouvoir de vote, ce qui indique l'autorité de négocier les actions sans influencer les questions de procuration. Le dépôt est effectué conformément à la règle 13d-1(b) applicable aux conseillers en investissement et a été signé par le CCO Marc Pugsley le 28 juillet 2025. Aucune appartenance à un groupe, implication de filiales ou autre relation à déclarer n'est mentionnée.
Foundations Investment Advisors, LLC reichte Änderungsmitteilung Nr. 2 zum Formular 13G ein, in der eine bedeutende Beteiligung am First Trust Exchange-Traded Fund VIII – First Trust Smith Unconstrained Bond ETF (UCON) offengelegt wird. Zum 30. Juni 2025 besaß der in Arizona ansässige registrierte Anlageberater wirtschaftlich 737.087 Aktien, was 38,3 % der ausstehenden Anteile des ETFs entspricht. Das Unternehmen gibt an, über die gesamte Beteiligung ausschließliches Verfügungsrecht zu verfügen, jedoch keine Stimmrechte, was darauf hinweist, dass es die Aktien handeln kann, ohne Einfluss auf Abstimmungsangelegenheiten zu nehmen. Die Meldung erfolgt gemäß Regel 13d-1(b), die für Anlageberater gilt, und wurde vom CCO Marc Pugsley am 28. Juli 2025 unterzeichnet. Es sind keine Gruppenmitgliedschaften, Tochtergesellschaftsbeteiligungen oder sonstige meldepflichtige Beziehungen angegeben.
- 38.3 % beneficial ownership demonstrates strong institutional demand for UCON.
- 737,087 shares under sole dispositive power provide clear, centralized trading authority.
- 0 voting power means the large holder cannot influence proxy decisions despite its size.
Insights
TL;DR: Adviser now controls 38.3 % of UCON, trading authority only, limited governance impact.
The 13G/A shows Foundations Investment Advisors amassed 737,087 UCON shares, a material concentration for an ETF of this size. Because voting power is reported as zero, the stake is likely managed on behalf of clients under discretionary mandates, limiting any direct influence on fund operations. Still, sole dispositive control means the adviser can swiftly add or liquidate positions, potentially affecting secondary-market liquidity. The disclosure, made under Rule 13d-1(b) for investment advisers, is routine but highlights that a single institution holds more than one-third of the shares, a notable datapoint for market participants monitoring ownership dynamics.
Foundations Investment Advisors, LLC ha presentato l'Emendamento n. 2 al Modulo 13G, rivelando una consistente partecipazione nel First Trust Exchange-Traded Fund VIII – First Trust Smith Unconstrained Bond ETF (UCON). Al 30 giugno 2025, la società di consulenza finanziaria registrata in Arizona deteneva beneficiariamente 737.087 azioni, pari al 38,3% delle quote in circolazione dell'ETF. L'azienda dichiara di avere il pieno potere dispositive sull'intera partecipazione, ma nessun potere di voto, indicando l'autorità di negoziare le azioni senza influenzare le decisioni di voto. La comunicazione è stata effettuata ai sensi della Regola 13d-1(b), applicabile ai consulenti d'investimento, ed è stata firmata dal CCO Marc Pugsley il 28 luglio 2025. Non sono indicate appartenenze a gruppi, coinvolgimenti di sussidiarie o altre relazioni rilevanti.
Foundations Investment Advisors, LLC presentó la Enmienda N.º 2 al Formulario 13G revelando una gran participación en el First Trust Exchange-Traded Fund VIII – First Trust Smith Unconstrained Bond ETF (UCON). Al 30 de junio de 2025, el asesor de inversiones registrado en Arizona poseía beneficiariamente 737,087 acciones, equivalentes al 38.3% de las unidades en circulación del ETF. La firma reporta poder dispositive exclusivo sobre toda la participación pero sin poder de voto, lo que indica autoridad para negociar las acciones sin influir en asuntos de voto. La presentación se realiza conforme a la Regla 13d-1(b) aplicable a asesores de inversión y fue firmada por el CCO Marc Pugsley el 28 de julio de 2025. No se indican membresías grupales, participación de subsidiarias u otras relaciones reportables.
Foundations Investment Advisors, LLC는 First Trust Exchange-Traded Fund VIII – First Trust Smith Unconstrained Bond ETF (UCON)에 대한 대규모 보유를 공개하는 13G 스케줄 수정안 2호를 제출했습니다. 2025년 6월 30일 기준으로 애리조나에 본사를 둔 등록 투자 자문사는 737,087주를 실질적으로 보유하고 있으며, 이는 ETF 발행 주식의 38.3%에 해당합니다. 이 회사는 전체 지분에 대해 단독 처분 권한은 있으나 의결권은 없음을 보고하여 주식을 거래할 권한은 있으나 의결권 행사에는 관여하지 않음을 나타냅니다. 이 제출은 투자 자문사에 적용되는 규칙 13d-1(b)에 따라 이루어졌으며, CCO인 Marc Pugsley가 2025년 7월 28일 서명했습니다. 그룹 소속, 자회사 참여 또는 기타 보고 대상 관계는 없습니다.
Foundations Investment Advisors, LLC a déposé l'Amendement n° 2 au formulaire 13G révélant une participation importante dans le First Trust Exchange-Traded Fund VIII – First Trust Smith Unconstrained Bond ETF (UCON). Au 30 juin 2025, le conseiller en investissement enregistré en Arizona détenait bénéficiairement 737 087 actions, soit 38,3 % des parts en circulation de l'ETF. La société déclare disposer du pouvoir exclusif de disposition sur l'intégralité de la participation mais aucun pouvoir de vote, ce qui indique l'autorité de négocier les actions sans influencer les questions de procuration. Le dépôt est effectué conformément à la règle 13d-1(b) applicable aux conseillers en investissement et a été signé par le CCO Marc Pugsley le 28 juillet 2025. Aucune appartenance à un groupe, implication de filiales ou autre relation à déclarer n'est mentionnée.
Foundations Investment Advisors, LLC reichte Änderungsmitteilung Nr. 2 zum Formular 13G ein, in der eine bedeutende Beteiligung am First Trust Exchange-Traded Fund VIII – First Trust Smith Unconstrained Bond ETF (UCON) offengelegt wird. Zum 30. Juni 2025 besaß der in Arizona ansässige registrierte Anlageberater wirtschaftlich 737.087 Aktien, was 38,3 % der ausstehenden Anteile des ETFs entspricht. Das Unternehmen gibt an, über die gesamte Beteiligung ausschließliches Verfügungsrecht zu verfügen, jedoch keine Stimmrechte, was darauf hinweist, dass es die Aktien handeln kann, ohne Einfluss auf Abstimmungsangelegenheiten zu nehmen. Die Meldung erfolgt gemäß Regel 13d-1(b), die für Anlageberater gilt, und wurde vom CCO Marc Pugsley am 28. Juli 2025 unterzeichnet. Es sind keine Gruppenmitgliedschaften, Tochtergesellschaftsbeteiligungen oder sonstige meldepflichtige Beziehungen angegeben.
FAQ
How many UCON shares does Foundations Investment Advisors hold?
What percentage of UCON’s outstanding shares does this represent?
Does Foundations Investment Advisors have voting power over its UCON stake?
When was the ownership position measured?
Under which SEC rule was this Schedule 13G filed?
