First Trust NASDAQ Global Auto Index Fund Announces Timing of Changes to Investment Objective and Fund Name
21 Janvier 2022 - 10:15PM
Business Wire
First Trust NASDAQ Global Auto Index Fund (Nasdaq: CARZ) (the
“Fund”), an exchange-traded index fund and a series of First Trust
Exchange-Traded Fund II (the “Trust”), previously announced changes
to its investment objective and the Fund’s name. Effective January
26, 2022, the Fund will seek investment results that correspond
generally to the price and yield (before the Fund’s fees and
expenses) of an index called the S-Network Electric & Future
Vehicle Ecosystem Index (the “New Index”). Currently, the Fund
seeks investment results that correspond generally to the price and
yield (before the Fund’s fees and expenses) of an equity index
called the NASDAQ Global Auto Index. The New Index will be composed
of approximately 116 securities issued by companies that are
principally engaged in the development and sales of electric and
autonomous vehicles, future automotive technology and products, and
other related technology. Also effective January 26, 2022, the
Fund’s name will change to First Trust S-Network Future Vehicles
& Technology ETF. The Fund’s shares will continue to be listed
for trading on The Nasdaq Stock Market LLC under the ticker symbol
“CARZ” and the Fund’s CUSIP will remain 33734X309. The New Index
was developed and is owned, maintained and sponsored by S-Network
Global Indexes Inc. or its affiliates (collectively,
“S-Network”).
First Trust Advisors L.P. (“FTA”), the Fund’s investment
adviser, is a federally registered investment advisor and serves as
the Fund’s investment advisor. FTA and its affiliate First Trust
Portfolios L.P. (“FTP”), a FINRA registered broker-dealer, are
privately-held companies that provide a variety of investment
services. FTA has collective assets under management or supervision
of approximately $223 billion as of December 31, 2021 through unit
investment trusts, exchange-traded funds, closed-end funds, mutual
funds and separate managed accounts. FTA is the supervisor of the
First Trust unit investment trusts, while FTP is the sponsor. FTP
is also a distributor of mutual fund shares and exchange-traded
fund creation units. FTA and FTP are based in Wheaton,
Illinois.
You should consider the Fund’s investment objectives, risks,
charges and expenses carefully before investing. Contact First
Trust portfolios L.P. at 1-800-621-1675 or visit
www.ftportfolios.com to obtain a prospectus or summary prospectus
which contains this and other information about the Fund.
The New Index has been licensed for use by the Fund. S-Network
and S-Network Electric & Future Vehicle Ecosystem Index are
service marks of S-Network and have been licensed for use by FTA.
The Fund is not issued, sponsored, endorsed, sold or promoted by
S-Network. S-Network makes no representation or warranty, express
or implied, to the purchasers or owners of the Fund or any member
of the public regarding the advisability of investing in securities
generally or in the Fund particularly or the ability of the Index
to track general market performance. S-Network’s only relationship
to the Fund is the licensing of the service marks and the Index,
which is determined, composed and calculated by S-Network without
regard to FTA or the Fund. S-Network has no obligation or liability
in connection with the issuance, administration, marketing or
trading of the Fund.
The information presented is not intended to constitute an
investment recommendation for, or advice to, any specific person.
By providing this information, First Trust is not undertaking to
give advice in any fiduciary capacity within the meaning of ERISA,
the Internal Revenue Code or any other regulatory framework.
Financial professionals are responsible for evaluating investment
risks independently and for exercising independent judgment in
determining whether investments are appropriate for their
clients.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220121005420/en/
Press Inquiries: Ryan Issakainen 630-765-8689 Analyst Inquiries:
Stan Ueland 630-517-7633
First Trust SNetwork Fut... (NASDAQ:CARZ)
Graphique Historique de l'Action
De Nov 2024 à Déc 2024
First Trust SNetwork Fut... (NASDAQ:CARZ)
Graphique Historique de l'Action
De Déc 2023 à Déc 2024