First Trust Portfolios L.P., First Trust Advisors L.P., and The Charger Corporation jointly filed a Schedule 13G with the SEC on October 27, 2026, disclosing beneficial ownership of common shares in Karman Holdings Inc. as of September 30, 2026.

Key Highlights

  • Aggregate beneficial ownership: The three reporting persons each report 6,963,236 shares of Karman Holdings Inc. common stock beneficially owned.
  • Percent of class: The aggregate amount represents 5.25% of the outstanding class of common shares.
  • Shared dispositive power: All three reporting persons report shared dispositive power over 6,963,236 shares; sole dispositive power is reported as 0 for each.
  • Shared voting power: First Trust Advisors L.P. and The Charger Corporation each report shared voting power over 6,717,089 shares; First Trust Portfolios L.P. reports 0 shared voting power.
  • Triggering date: The event requiring this filing occurred on September 30, 2026.
  • Beneficial ownership disclaimed: According to the filing, "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."

Structure of First Trust's Reported Stake in Karman Holdings

According to the filing, The Charger Corporation serves as the general partner of both First Trust Portfolios L.P. and First Trust Advisors L.P., all three organized in Illinois and sharing the same principal business address at 120 East Liberty Drive, Suite 400, Wheaton, Illinois 60187. The three entities filed jointly under Rule 13d-1(k)(1). First Trust Portfolios L.P. is classified as a broker-dealer (BD), First Trust Advisors L.P. as an investment adviser (IA), and The Charger Corporation as a holding company (HC).

The filing states that First Trust Portfolios L.P. acts as sponsor of certain unit investment trusts that hold shares of Karman Holdings Inc., and that the 312,094 shares reported as shared dispositive power solely for First Trust Portfolios L.P. reflect the shares held within those trusts. The filing further notes that "No individual unit investment trust sponsored by First Trust Portfolios L.P. holds more than 3% of any registered investment company issuer's shares." Voting power over the unit investment trust shares is exercised by the trustee of those trusts, not by the reporting persons, with shares voted "as closely as possible in the same manner and in the same general proportion as are the shares held by owners other than such unit investment trusts," according to the filing.

The difference between the total 6,963,236 shares beneficially owned and the shares held in unit investment trusts, the filing explains, represents shares held in other registered investment companies, pooled investment vehicles, and/or separately managed accounts for which First Trust Advisors L.P. serves as investment advisor and/or investment sub-advisor. The filing certifies that the securities "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."

What Was Disclosed

Three affiliated Illinois-based entities - First Trust Portfolios L.P., First Trust Advisors L.P., and The Charger Corporation - disclosed a combined 5.25% beneficial ownership position of 6,963,236 common shares in Karman Holdings Inc. as of September 30, 2026, while each disclaiming beneficial ownership of those shares.