First Trust Active Factor Large Cap Fund

First Trust Active Factor Large Cap Fund is an exchange-traded fund that provides actively managed exposure to U.S. large-cap equities. The fund focuses on companies with larger market capitalizations listed in the United States, applying a factor-based approach that considers characteristics such as value, quality, momentum, and other quantitative signals to select and weight holdings. Its portfolio spans major sectors of the U.S. equity market, with meaningful allocations to technology, communication services, consumer sectors, healthcare, utilities, and others, offering diversified exposure to leading large-cap issuers. As an actively managed strategy, it does not track a traditional market-cap index but instead seeks to systematically emphasize specific factors within the large-cap universe. The fund is designed for investors seeking a rules-driven yet actively overseen large-cap equity allocation within a single, tradeable vehicle, integrating factor tilts while maintaining broad sector and issuer diversification in the current U.S. equity market.