SCHEDULE 13G/A: First Trust Entities Disclose 2.23% Passive Stake in Jackson Financial Inc.

First Trust Portfolios L.P., First Trust Advisors L.P., and The Charger Corporation have jointly filed an amended Schedule 13G, disclosing a combined beneficial ownership of 2.23% of Jackson Financial Inc.'s Class A common stock as of March 31, 2025.

Summary

• First Trust Portfolios L.P., First Trust Advisors L.P., and The Charger Corporation have jointly filed an Amendment No. 1 to Schedule 13G regarding their beneficial ownership of Jackson Financial Inc. (Class A) common stock.
• As of March 31, 2025, the reporting persons collectively beneficially own 1,622,535 shares of Jackson Financial Inc. Class A common stock.
• This aggregate amount represents 2.23% of the Class A common stock outstanding.
• The Charger Corporation is the General Partner of both First Trust Portfolios L.P. and First Trust Advisors L.P.
• First Trust Portfolios L.P. acts as sponsor of certain unit investment trusts that hold shares of the issuer.
• First Trust Advisors L.P. acts as portfolio supervisor for these unit investment trusts and also manages other registered investment companies, pooled investment vehicles, and separately managed accounts holding the issuer's shares.
• The reporting persons disclaim beneficial ownership of the shares, stating they are held by unit investment trusts and other investment vehicles, and voting power is primarily held by the trustee or exercised in the best interest of unit holders.
• The filing certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose or effect of changing or influencing control of the issuer.

Sentiment

Score: 5

Explanation: The document is a neutral, factual disclosure of beneficial ownership, as required by SEC regulations. It does not contain information that would inherently convey positive or negative sentiment regarding the issuer's performance or outlook.

Future Outlook

NA

Management Comments

• By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.
• Each of First Trust Portfolios L.P., First Trust Advisors L.P. and The Charger Corporation disclaims beneficial ownership of the shares of the issuer identified in this filing.

Industry Context

This filing is a routine disclosure required by the SEC when an entity's beneficial ownership of a company's stock crosses certain thresholds or changes a previously reported stake. It provides transparency into institutional holdings, indicating that First Trust entities hold a passive, non-controlling stake in Jackson Financial Inc. through various investment vehicles.

Related Party Transactions

• The filing details the relationship between the reporting persons: The Charger Corporation is the General Partner of both First Trust Portfolios L.P. and First Trust Advisors L.P., indicating an internal organizational structure rather than external related-party transactions with the issuer.

Stakeholder Impact

• Shareholders: Provides transparency regarding institutional ownership, confirming a passive, non-controlling stake by First Trust entities.

Key Dates

Keywords

Jackson Financial Inc., JFI, Schedule 13G, Beneficial Ownership, Institutional Ownership, First Trust Portfolios, First Trust Advisors, The Charger Corporation, Common Stock, SEC Filing, Investment Adviser, Broker Dealer, Holding Company