OPPX Corbett Road Tactical Opportunity ETF

This is an actively managed fund that seeks long-term total return. Under normal market conditions, the Fund seeks to achieve its investment objective by investing in equity securities of companies listed on a U.S. securities exchange, including common stocks and American Depositary Receipts (“ADRs”). During periods when the U.S. equity market is determined to be unfavorable by the Fund’s sub-advisor, Corbett Road Capital Management, LLC (the “Sub-Advisor”), the Fund may invest all or a portion of its assets in cash, cash equivalents and fixed income exchange-traded funds (“ETFs”). In order to determine the Fund’s allocation between (i) equity securities and (ii) cash, cash equivalents and fixed income ETFs, the Sub-Advisor employs its proprietary MACROCASTTM scoring system. On a periodic basis (at least monthly), the Sub-Advisor analyzes data across key indicators of the U.S. securities markets to determine a current MACROCASTTM score for overall market conditions. Based on the resulting score and its indications for expected overall market performance, the Sub-Advisor allocates the Fund’s assets to (i) U.S.-listed equity securities, (ii) cash, cash equivalents and fixed income ETFs or (iii) a combination of both. The equity securities held by the Fund will generally be classified as “core” or “opportunistic” holdings. Core stocks are typically large-cap companies (greater than $10 billion in market cap), with consistent revenue growth and sustainable earnings. Opportunistic stocks may be of any market cap and typically comprise companies that the Sub-Advisor believes have the potential to perform favorably under current market conditions. When the Fund is fully allocated to equity securities, it is expected that core stocks and opportunistic stocks will make up 60% and 40% of the Fund’s assets, respectively. For additional information on how the Sub-Advisor selects individual securities for the Fund’s portfolio, see “Additional Information on the Fund’s Investment Objective and Strategies.”

$23.02  +0.22 (0.95%)
As of 08/12/2022 14:38:45 EST     IEX book   CBOE book


ETF Information
Sponsor:     First Trust
Category1:  US Equity
Category2:  Broad market
Category3:  Large and mid cap
Morningstar category:  
Leverage factor:  1.00
Note: Uses downside hedging
Inception date:  02/25/2021
Current yield:  0.00%
Historical average yield:  0.00%
Market cap:  $19,267,035
Average volume:  3,152
Fees:     0.0000%
Investment style: Actively managed

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