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[SCHEDULE 13G/A] First Trust Smith Unconstrained Bond ETF SEC Filing

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13G/A
Rhea-AI Filing Summary

On 30 Jun 2025, First Trust Portfolios L.P., First Trust Advisors L.P. and parent The Charger Corporation filed Amendment 6 to Schedule 13G on FT Vest U.S. Equity Moderate Buffer ETF – October (CUSIP 33740U695). The group now beneficially owns 1,242,325 units, or 19.96 % of the fund.

The shares are held across unit investment trusts and other vehicles sponsored or advised by First Trust. The reporting parties claim zero sole voting or dispositive power; voting rights for 1,186,930 units and dispositive authority over all 1,242,325 units are shared. They certify the position is passive and acquired in the ordinary course of business, with no intent to influence control.

Crossing the 5 % threshold obligates disclosure and highlights First Trust–managed products’ sizable exposure to the ETF’s performance, though practical control remains limited.

Il 30 giugno 2025, First Trust Portfolios L.P., First Trust Advisors L.P. e la società madre The Charger Corporation hanno presentato l'Emendamento 6 al Modulo 13G relativo a FT Vest U.S. Equity Moderate Buffer ETF – October (CUSIP 33740U695). Il gruppo ora possiede beneficiariamente 1.242.325 quote, pari al 19,96% del fondo.

Le azioni sono detenute attraverso trust di investimento unitari e altri veicoli sponsorizzati o gestiti da First Trust. Le parti segnalanti dichiarano di avere zero poteri esclusivi di voto o di disposizione; i diritti di voto su 1.186.930 quote e l'autorità dispositiva su tutte le 1.242.325 quote sono condivisi. Essi certificano che la posizione è passiva e acquisita nell'ordinaria attività commerciale, senza alcuna intenzione di influenzare il controllo.

Superare la soglia del 5% impone l'obbligo di divulgazione e mette in evidenza l'importante esposizione dei prodotti gestiti da First Trust alla performance dell'ETF, sebbene il controllo pratico resti limitato.

El 30 de junio de 2025, First Trust Portfolios L.P., First Trust Advisors L.P. y la matriz The Charger Corporation presentaron la Enmienda 6 al Anexo 13G sobre FT Vest U.S. Equity Moderate Buffer ETF – October (CUSIP 33740U695). El grupo ahora posee beneficiosamente 1,242,325 unidades, o el 19,96 % del fondo.

Las acciones se mantienen a través de fideicomisos de inversión unitarios y otros vehículos patrocinados o asesorados por First Trust. Las partes informantes afirman tener cero poder exclusivo de voto o disposición; los derechos de voto sobre 1,186,930 unidades y la autoridad dispositiva sobre todas las 1,242,325 unidades son compartidos. Certifican que la posición es pasiva y adquirida en el curso ordinario del negocio, sin intención de influir en el control.

Superar el umbral del 5 % obliga a la divulgación y resalta la considerable exposición de los productos gestionados por First Trust al desempeño del ETF, aunque el control práctico sigue siendo limitado.

2025년 6월 30일, First Trust Portfolios L.P., First Trust Advisors L.P. 및 모회사 The Charger Corporation는 FT Vest U.S. Equity Moderate Buffer ETF – October (CUSIP 33740U695)에 대한 Schedule 13G 수정안 6을 제출했습니다. 이 그룹은 현재 1,242,325 단위, 즉 펀드의 19.96%를 실질적으로 보유하고 있습니다.

주식은 First Trust가 후원하거나 자문하는 단위 투자 신탁과 기타 수단을 통해 보유하고 있습니다. 보고 당사자들은 단독 의결권이나 처분권이 전혀 없으며; 1,186,930 단위에 대한 의결권과 1,242,325 단위 전체에 대한 처분 권한은 공동으로 보유하고 있다고 주장합니다. 이들은 해당 지분이 수동적이며 정상적인 사업 과정에서 취득되었고, 통제에 영향을 미칠 의도가 없음을 인증합니다.

5% 임계값을 넘으면 공시 의무가 발생하며, First Trust가 관리하는 상품들이 ETF 성과에 상당히 노출되어 있음을 강조하지만, 실질적인 통제력은 제한적입니다.

Le 30 juin 2025, First Trust Portfolios L.P., First Trust Advisors L.P. et la société mère The Charger Corporation ont déposé l'Amendement 6 au Schedule 13G concernant le FT Vest U.S. Equity Moderate Buffer ETF – October (CUSIP 33740U695). Le groupe détient désormais 1 242 325 parts, soit 19,96 % du fonds.

Les actions sont détenues via des trusts d'investissement unitaires et d'autres véhicules parrainés ou conseillés par First Trust. Les parties déclarantes affirment ne détenir aucun pouvoir exclusif de vote ou de disposition ; les droits de vote sur 1 186 930 parts et le pouvoir de disposition sur l'intégralité des 1 242 325 parts sont partagés. Elles certifient que la position est passive et acquise dans le cours normal des affaires, sans intention d'influencer le contrôle.

Le franchissement du seuil de 5 % oblige à la divulgation et souligne l'exposition importante des produits gérés par First Trust à la performance de l'ETF, bien que le contrôle pratique reste limité.

Am 30. Juni 2025 reichten First Trust Portfolios L.P., First Trust Advisors L.P. und die Muttergesellschaft The Charger Corporation die Änderung 6 zum Schedule 13G für den FT Vest U.S. Equity Moderate Buffer ETF – October (CUSIP 33740U695) ein. Die Gruppe besitzt nun wirtschaftlich 1.242.325 Anteile, was 19,96 % des Fonds entspricht.

Die Anteile werden über Unit Investment Trusts und andere von First Trust gesponserte oder beratene Vehikel gehalten. Die meldenden Parteien geben an, keine alleinige Stimm- oder Verfügungsgewalt zu haben; Stimmrechte für 1.186.930 Anteile und Verfügungsgewalt über alle 1.242.325 Anteile werden gemeinsam ausgeübt. Sie bestätigen, dass die Position passiv ist und im gewöhnlichen Geschäftsverlauf erworben wurde, ohne die Absicht, die Kontrolle zu beeinflussen.

Das Überschreiten der 5-%-Schwelle verpflichtet zur Offenlegung und unterstreicht die erhebliche Exponierung der von First Trust verwalteten Produkte gegenüber der Performance des ETFs, obwohl die praktische Kontrolle begrenzt bleibt.

Positive
  • First Trust entities disclose a substantial 19.96 % ownership stake, suggesting significant institutional confidence and potential liquidity support for the ETF.
Negative
  • No sole voting power limits First Trust’s ability to influence fund governance despite large ownership, and mass redemptions from UITs could create concentration risk.

Insights

TL;DR: First Trust discloses a passive ~20 % stake; large but non-controlling, impact on ETF flow dynamics.

The aggregated 1.24 M units indicate meaningful demand from First Trust-sponsored UITs and advisory accounts. While beneficial ownership is high, the lack of sole voting and dispositive power plus certification of passivity reduce governance implications. Investors may view the stake as validation of the ETF’s strategy, but concentration risk exists should UIT redemptions trigger sizeable outflows. Overall, disclosure is noteworthy yet operationally neutral for market control.

TL;DR: Filing satisfies 13G obligations; no activism signal, regulatory impact low.

Amendment 6 corrects ownership data and re-affirms passive status under Rule 13d-1(b). The joint filing structure is common for entities with shared control relationships (Charger Corp as GP). Because sole voting power is zero, Section 13D concerns are minimal. Certification language aligns with 14a-11 safe-harbor, reducing litigation exposure. From a compliance viewpoint the event is routine and not materially impactful to the issuer beyond transparency.

Il 30 giugno 2025, First Trust Portfolios L.P., First Trust Advisors L.P. e la società madre The Charger Corporation hanno presentato l'Emendamento 6 al Modulo 13G relativo a FT Vest U.S. Equity Moderate Buffer ETF – October (CUSIP 33740U695). Il gruppo ora possiede beneficiariamente 1.242.325 quote, pari al 19,96% del fondo.

Le azioni sono detenute attraverso trust di investimento unitari e altri veicoli sponsorizzati o gestiti da First Trust. Le parti segnalanti dichiarano di avere zero poteri esclusivi di voto o di disposizione; i diritti di voto su 1.186.930 quote e l'autorità dispositiva su tutte le 1.242.325 quote sono condivisi. Essi certificano che la posizione è passiva e acquisita nell'ordinaria attività commerciale, senza alcuna intenzione di influenzare il controllo.

Superare la soglia del 5% impone l'obbligo di divulgazione e mette in evidenza l'importante esposizione dei prodotti gestiti da First Trust alla performance dell'ETF, sebbene il controllo pratico resti limitato.

El 30 de junio de 2025, First Trust Portfolios L.P., First Trust Advisors L.P. y la matriz The Charger Corporation presentaron la Enmienda 6 al Anexo 13G sobre FT Vest U.S. Equity Moderate Buffer ETF – October (CUSIP 33740U695). El grupo ahora posee beneficiosamente 1,242,325 unidades, o el 19,96 % del fondo.

Las acciones se mantienen a través de fideicomisos de inversión unitarios y otros vehículos patrocinados o asesorados por First Trust. Las partes informantes afirman tener cero poder exclusivo de voto o disposición; los derechos de voto sobre 1,186,930 unidades y la autoridad dispositiva sobre todas las 1,242,325 unidades son compartidos. Certifican que la posición es pasiva y adquirida en el curso ordinario del negocio, sin intención de influir en el control.

Superar el umbral del 5 % obliga a la divulgación y resalta la considerable exposición de los productos gestionados por First Trust al desempeño del ETF, aunque el control práctico sigue siendo limitado.

2025년 6월 30일, First Trust Portfolios L.P., First Trust Advisors L.P. 및 모회사 The Charger Corporation는 FT Vest U.S. Equity Moderate Buffer ETF – October (CUSIP 33740U695)에 대한 Schedule 13G 수정안 6을 제출했습니다. 이 그룹은 현재 1,242,325 단위, 즉 펀드의 19.96%를 실질적으로 보유하고 있습니다.

주식은 First Trust가 후원하거나 자문하는 단위 투자 신탁과 기타 수단을 통해 보유하고 있습니다. 보고 당사자들은 단독 의결권이나 처분권이 전혀 없으며; 1,186,930 단위에 대한 의결권과 1,242,325 단위 전체에 대한 처분 권한은 공동으로 보유하고 있다고 주장합니다. 이들은 해당 지분이 수동적이며 정상적인 사업 과정에서 취득되었고, 통제에 영향을 미칠 의도가 없음을 인증합니다.

5% 임계값을 넘으면 공시 의무가 발생하며, First Trust가 관리하는 상품들이 ETF 성과에 상당히 노출되어 있음을 강조하지만, 실질적인 통제력은 제한적입니다.

Le 30 juin 2025, First Trust Portfolios L.P., First Trust Advisors L.P. et la société mère The Charger Corporation ont déposé l'Amendement 6 au Schedule 13G concernant le FT Vest U.S. Equity Moderate Buffer ETF – October (CUSIP 33740U695). Le groupe détient désormais 1 242 325 parts, soit 19,96 % du fonds.

Les actions sont détenues via des trusts d'investissement unitaires et d'autres véhicules parrainés ou conseillés par First Trust. Les parties déclarantes affirment ne détenir aucun pouvoir exclusif de vote ou de disposition ; les droits de vote sur 1 186 930 parts et le pouvoir de disposition sur l'intégralité des 1 242 325 parts sont partagés. Elles certifient que la position est passive et acquise dans le cours normal des affaires, sans intention d'influencer le contrôle.

Le franchissement du seuil de 5 % oblige à la divulgation et souligne l'exposition importante des produits gérés par First Trust à la performance de l'ETF, bien que le contrôle pratique reste limité.

Am 30. Juni 2025 reichten First Trust Portfolios L.P., First Trust Advisors L.P. und die Muttergesellschaft The Charger Corporation die Änderung 6 zum Schedule 13G für den FT Vest U.S. Equity Moderate Buffer ETF – October (CUSIP 33740U695) ein. Die Gruppe besitzt nun wirtschaftlich 1.242.325 Anteile, was 19,96 % des Fonds entspricht.

Die Anteile werden über Unit Investment Trusts und andere von First Trust gesponserte oder beratene Vehikel gehalten. Die meldenden Parteien geben an, keine alleinige Stimm- oder Verfügungsgewalt zu haben; Stimmrechte für 1.186.930 Anteile und Verfügungsgewalt über alle 1.242.325 Anteile werden gemeinsam ausgeübt. Sie bestätigen, dass die Position passiv ist und im gewöhnlichen Geschäftsverlauf erworben wurde, ohne die Absicht, die Kontrolle zu beeinflussen.

Das Überschreiten der 5-%-Schwelle verpflichtet zur Offenlegung und unterstreicht die erhebliche Exponierung der von First Trust verwalteten Produkte gegenüber der Performance des ETFs, obwohl die praktische Kontrolle begrenzt bleibt.






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:07/23/2025
First Trust Advisors L.P.
Signature:/s/ James M. Dykas
Name/Title:James M. Dykas, Chief Financial Officer
Date:07/23/2025
The Charger Corporation
Signature:/s/ James M. Dykas
Name/Title:James M. Dykas, Chief Financial Officer and Treasurer
Date:07/23/2025
Exhibit Information

Please see Exhibit 99.1 for Joint Filing Agreement

FAQ

How many UCON shares does First Trust own according to the Schedule 13G/A?

The filing reports 1,242,325 shares beneficially owned.

What percentage of the UCON ETF’s outstanding shares does this represent?

The stake equals 19.96 % of the outstanding class.

Does First Trust have sole voting control over the shares?

No. The group has 0 sole voting power; voting is shared on 1,186,930 units.

Why was the Schedule 13G filed instead of a Schedule 13D?

The entities certify the investment is passive and made in the ordinary course, qualifying for the short-form 13G.

Who are the reporting persons in the filing?

The reporting group comprises First Trust Portfolios L.P., First Trust Advisors L.P., and The Charger Corporation.

What is the event date triggering this filing?

The reportable event occurred on 30 June 2025.

Does the filing indicate an intention to influence control of UCON?

No. The certification explicitly states the securities were not acquired to change or influence control of the issuer.
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