First Trust Portfolios L.P., First Trust Advisors L.P., and The Charger Corporation filed a joint Schedule 13G with the SEC on October 27, 2026, reporting beneficial ownership of 3,546,031 shares of AEVEX Corp. common stock as of September 30, 2026.

Key Highlights

  • Aggregate beneficial ownership: 3,546,031 shares of AEVEX Corp. (Class A) common stock, representing 5.13% of the class.
  • Three joint filers: First Trust Portfolios L.P. (broker-dealer), First Trust Advisors L.P. (investment adviser), and The Charger Corporation (holding company), all based in Wheaton, Illinois.
  • Voting power: None of the three reporting persons holds sole or shared voting power; 3,275,351 shares carry shared voting power attributed to First Trust Advisors L.P. and The Charger Corporation only.
  • Dispositive power: Shared dispositive power over 3,546,031 shares is reported by First Trust Advisors L.P. and The Charger Corporation; First Trust Portfolios L.P. reports 0.00 sole or shared dispositive power.
  • 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."
  • Triggering event date: September 30, 2026.

First Trust Entities Report Passive 5.13% Position in AEVEX Corp. Common Stock

According to the Schedule 13G filed on October 27, 2026, three affiliated Illinois-based entities jointly reported beneficial ownership of 3,546,031 shares of AEVEX Corp. (Class A) common stock, identified by CUSIP 00835T107. The issuer's principal executive offices are listed as 440 Stevens Avenue, Suite 150, Solana Beach, CA 92075. The filing was made pursuant to Rule 13d-1(k)(1), which governs joint filings by affiliated persons.

The filing describes The Charger Corporation as 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 AEVEX Corp., while First Trust Advisors L.P. serves as portfolio supervisor of those trusts. The filing states that voting over shares held in the unit investment trusts rests with the trustee of such trusts, not with the reporting persons, and that shares "are ordinarily 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." 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.

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." All three entities signed through James M. Dykas, identified as Chief Financial Officer of First Trust Portfolios L.P. and First Trust Advisors L.P., and as Chief Financial Officer and Treasurer of The Charger Corporation. The filing references a Joint Filing Agreement filed as Exhibit 99.1.

What Was Disclosed

Three affiliated First Trust entities jointly disclosed a 5.13% beneficial ownership position in AEVEX Corp. common stock, totaling 3,546,031 shares, as of September 30, 2026, while each disclaimed beneficial ownership and noted the shares are held primarily through unit investment trusts.