{
 "ticker": "ILDR",
 "name": "First Trust Innovation Leaders ETF",
 "issuer": "First Trust",
 "desk": "themes",
 "url": "https://etfiq.com/funds/ildr",
 "html": "https://etfiq.com/funds/ildr",
 "markdown": "https://etfiq.com/funds/ildr.md",
 "as_of": "2026-09-11",
 "verdict": "ILDR holds 82 stocks, and 35% of its weight is outside the S&P 500.",
 "key_facts": [
  {
   "key": "already_in_the_s_p_500",
   "label": "Already in the S&P 500",
   "value": "65.4%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "ILDR, already in the S&P 500: 65.4%, as of Sep 11, 2026."
  },
  {
   "key": "active_share_vs_the_s_p_500",
   "label": "Active share vs the S&P 500",
   "value": "67.0%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "ILDR, active share vs the S&P 500: 67.0%, as of Sep 11, 2026."
  },
  {
   "key": "top_ten_holdings",
   "label": "Top ten holdings",
   "value": "43.8%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "ILDR, top ten holdings: 43.8%, as of Sep 11, 2026."
  },
  {
   "key": "total_return_1_year",
   "label": "Total return, 1 year",
   "value": "+21.5%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "ILDR, total return, 1 year: +21.5%, as of Sep 11, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$327m",
   "source": "issuer page, as of Sep 11, 2026",
   "as_of": "2026-09-11",
   "sentence": "ILDR, net assets: $327m (issuer page, as of Sep 11, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.75%",
   "source": "485BPOS XBRL, Dec 29, 2025",
   "as_of": "2026-09-11",
   "sentence": "ILDR, expense ratio: 0.75% (485BPOS XBRL, Dec 29, 2025)."
  }
 ],
 "fields": [
  {
   "key": "theme",
   "label": "Theme",
   "value": "Broad innovation and megatrends",
   "source": "ETFIQ, editorial"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "May 26, 2021",
   "source": null
  },
  {
   "key": "already_in_the_s_p_500_by_weight",
   "label": "Already in the S&P 500, by weight",
   "value": "65.4%",
   "source": "ETFIQ"
  },
  {
   "key": "active_share_vs_the_s_p_500",
   "label": "Active share vs the S&P 500",
   "value": "67.0%",
   "source": "ETFIQ"
  },
  {
   "key": "already_in_the_nasdaq_100_by_weight",
   "label": "Already in the Nasdaq-100, by weight",
   "value": "48.6%",
   "source": "ETFIQ"
  },
  {
   "key": "active_share_vs_the_nasdaq_100",
   "label": "Active share vs the Nasdaq-100",
   "value": "62.2%",
   "source": "ETFIQ"
  },
  {
   "key": "top_ten_holdings_weight",
   "label": "Top ten holdings weight",
   "value": "43.8%",
   "source": null
  },
  {
   "key": "holdings",
   "label": "Holdings",
   "value": "82",
   "source": null
  },
  {
   "key": "holdings_as_of",
   "label": "Holdings as of",
   "value": "Sep 10, 2026",
   "source": "the issuer\u2019s daily file"
  },
  {
   "key": "top_holdings",
   "label": "Top holdings",
   "value": "NVIDIA Corporation 9.9%, Amazon.com, Inc. 5.9%, Advanced Micro Devices, Inc. 5.3%, Alphabet Inc. (Class A) 4.7%, Broadcom Inc. 3.7%, Eli Lilly and Company 3.0%, Marvell Technology, Inc. 3.0%, Oracle Corporation 2.8%, Microsoft Corporation 2.8%, Micron Technology, Inc. 2.8%",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$327m",
   "source": "issuer page, as of Sep 11, 2026"
  },
  {
   "key": "below_its_all_time_high",
   "label": "Below its all-time high",
   "value": "\u22124.8%",
   "source": "ETFIQ"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.75%",
   "source": "485BPOS XBRL, Dec 29, 2025"
  },
  {
   "key": "fee_for_the_part_that_differs_from_the_s_p_500_active_expense_ratio",
   "label": "Fee for the part that differs from the S&P 500, active expense ratio",
   "value": "1.12%",
   "source": "ETFIQ"
  },
  {
   "key": "closest_funds_by_holdings_overlap",
   "label": "Closest funds by holdings overlap",
   "value": "FAI 46%, IETC 44%, IVES 43%, AOTG 41%, CHAT 40%",
   "source": null
  }
 ],
 "periods": [
  {
   "window": "3 months",
   "Total return": "+2.3%",
   "S&P 500": "+3.3%",
   "Gap to S&P 500": "\u22121.0 pts",
   "Gap to Nasdaq-100": "+3.1 pts"
  },
  {
   "window": "6 months",
   "Total return": "+26.4%",
   "S&P 500": "+16.0%",
   "Gap to S&P 500": "+10.4 pts",
   "Gap to Nasdaq-100": "+5.7 pts"
  },
  {
   "window": "1 year",
   "Total return": "+21.5%",
   "S&P 500": "+17.5%",
   "Gap to S&P 500": "+4.0 pts",
   "Gap to Nasdaq-100": "\u22121.5 pts"
  },
  {
   "window": "3 years",
   "Total return": "+113.0%",
   "S&P 500": "+77.9%",
   "Gap to S&P 500": "+35.2 pts",
   "Gap to Nasdaq-100": "+18.0 pts"
  },
  {
   "window": "Since launch",
   "Total return": "+90.1%",
   "S&P 500": "+95.8%",
   "Gap to S&P 500": "\u22125.8 pts",
   "Gap to Nasdaq-100": "\u221230.6 pts"
  }
 ],
 "questions": [
  {
   "q": "How much of ILDR is in S&P 500 companies?",
   "a": "By its holdings published by its issuer for Sep 10, 2026, 65% of ILDR by weight is stocks the S&P 500 already holds. Its active share against the index is 67%, so that share is the part doing something different."
  },
  {
   "q": "What does ILDR hold?",
   "a": "82 positions as published by its issuer for Sep 10, 2026, with the top ten at 44% of the fund. The largest are NVIDIA Corporation at 9.9%, Amazon.com, Inc. at 5.9%, Advanced Micro Devices, Inc. at 5.3%."
  },
  {
   "q": "Has ILDR beaten the S&P 500?",
   "a": "Over the year to Sep 11, 2026 ILDR returned +21.5% with distributions reinvested, against +17.5% for the S&P 500, so it finished ahead of the index by 4.0 points."
  },
  {
   "q": "What does ILDR cost?",
   "a": "The prospectus expense ratio is 0.75% a year. Because 67% of the fund differs from the S&P 500, the fee on that differing part works out at 1.12%."
  }
 ],
 "generated": "2026-09-13",
 "license": "Free to use with attribution. ETFIQ (etfiq.com)."
}