First Trust Innovation Leaders ETF
ILDR
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
- Address
- 120 East Liberty Drive, Suite 400 Wheaton IL United States of America 60187
- IPO Date
- May 26, 2021
- CIK
- 0001667919
- Website
- ftportfolios.com
- Similar Companies
- Business
- First Trust Innovation Leaders ETF (ILDR) is an actively managed exchange-traded fund that seeks capital appreciation by investing at least 80% of its net assets in common stocks and depository receipts of U.S. and non-U.S. companies positioned to benefit from scientific and technological innovation across sectors including semiconductors and semiconductor equipment (e.g., NVIDIA Corporation, Broadcom Inc., Micron Technology, Inc.), software (e.g., Oracle Corporation, Microsoft Corporation, ServiceNow, Inc.), biotechnology and pharmaceuticals (e.g., Eli Lilly and Company, AbbVie Inc., Halozyme Therapeutics, Inc.), electrical equipment (e.g., Schneider Electric SE, Eaton Corporation Plc), and IT services (e.g., Shopify Inc., Dynatrace, Inc.); additional exposure includes holdings in broadline retail (Amazon.com, Inc.), interactive media and services (Alphabet Inc., Meta Platforms, Inc.), electric utilities (NextEra Energy, Inc.), and aerospace and defense (AeroVironment, Inc.). The fund, launched on May 25, 2021, is managed by First Trust Advisors L.P., with key portfolio managers including David McGarel, Chris Peterson, Robert Hensley, and Jared Wollen, and operates with a net expense ratio of 0.75%, domiciled in the United States with total net assets of approximately $179 million as of late 2025. ILDR provides investors exposure to innovative leaders in thematic areas such as advanced computing, networks, next-generation healthcare, energy transition, and Industry 4.0, primarily targeting large-cap growth companies with some mid- and small-cap representation, trading on U.S. exchanges and available to investors in the United States. Headquartered at 120 East Liberty Drive, Suite 400, Wheaton, Illinois 60187, First Trust Advisors L.P. oversees the fund as part of its broader lineup of thematic ETFs focused on emerging opportunities in technology and innovation. The fund maintains a non-diversified portfolio of approximately 92 holdings (excluding cash), with top concentrations in U.S. stocks (around 87%) and non-U.S. stocks (around 12%), emphasizing companies driving disruptive technologies amid risks such as rapid technological changes, regulatory shifts in biotech and pharma, and market volatility in information technology. Recent developments include ongoing portfolio adjustments reflecting market dynamics, such as increased allocations to high-growth holdings like NVIDIA (6.53% weighting) and Oracle (5.56%) as of October 2025, alongside institutional investor activity like AE Wealth Management LLC raising its stake by 23.2% in Q2 2025 to own 1.37% of the fund. No major acquisitions, mergers, or structural reorganizations of the fund itself have been reported in the last 1-2 years, though First Trust continues to expand its thematic ETF offerings, maintaining ILDR's focus on innovation leaders without significant strategic shifts; the fund issued its latest SEC filings in early 2025, confirming stable operations under First Trust Exchange-Traded Fund VIII.