First Trust Active Global Quality Income ETF
AGQI
New York Stock Exchange Arca- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 120 East Liberty Drive, Suite 400 Wheaton IL United States of America 60187
- IPO Date
- Nov 21, 2023
- Website
- ftportfolios.com
- Similar Companies
- Business
- First Trust Exchange-Traded Fund VIII - First Trust Active Global Quality Income ETF (AGQI) is an actively managed exchange-traded fund that seeks current income with potential for long-term capital appreciation by investing primarily in income-producing equity securities of U.S. and non-U.S. issuers. The fund's core offerings include common stocks, depositary receipts such as American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs), preferred securities, and real estate investment trusts (REITs), with a focus on dividend-paying stocks of large-cap companies exhibiting growth and value characteristics across diversified sectors; it typically allocates at least 40% of net assets to securities of issuers economically tied to countries outside the United States, including at least three countries and up to 20% in emerging markets. First Trust Advisors L.P. serves as the investment adviser, with Janus Henderson Investors US LLC acting as sub-adviser to select high-quality dividend payers capable of sustaining and growing payouts. The fund operates within the global equity segment, targeting institutional and retail investors seeking yield and moderate growth through non-diversified exposure to developed and emerging markets worldwide. It benchmarks performance against indices including the MSCI ACWI High Dividend Yield Index, MSCI ACWI Index, and MSCI Europe Index. AGQI is a series of First Trust Exchange-Traded Fund VIII, domiciled in the United States with headquarters aligned to First Trust Advisors L.P. in Wheaton, Illinois; while originally formed on September 24, 2015, it underwent a significant reorganization in November 2023. In a key strategic shift completed on November 21, 2023, the fund resulted from the tax-free reorganization of First Trust Dynamic Europe Equity Income Fund (FDEU), a closed-end fund, into an ETF structure, transferring FDEU's assets and liabilities while adopting its performance history with updated policies eliminating leverage. This conversion, approved by FDEU shareholders in October 2023, expanded AGQI's mandate from Europe-focused to global quality income, enhancing liquidity and accessibility under the existing management team. No major acquisitions, funding rounds, or new product launches have been reported since the reorganization.