First Trust Advisors L.P. ("FTA") announces the special
distribution for First Trust RiverFront Dynamic Asia Pacific ETF, a
series of First Trust Exchange-Traded Fund III.
The following dates apply to today's
distribution declaration:
Expected Ex-Dividend Date:
August 24, 2021
Record Date:
August 25, 2021
Payable Date:
August 26, 2021
Ticker
Exchange
Fund Name
Frequency
Special
Distribution Per Share Amount
ACTIVELY MANAGED EXCHANGE-TRADED
FUND
First Trust Exchange-Traded Fund
III
RFAP
Nasdaq
First Trust RiverFront Dynamic Asia
Pacific ETF
Special
$0.5998
FTA 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 $207 billion as of July 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 investment objectives, risks, charges
and expenses of a Fund before investing. Prospectuses for the Funds
contain this and other important information and are available free
of charge by calling toll-free at 1-800-621-1675 or visiting
https://www.ftportfolios.com. A prospectus should be read carefully
before investing.
The Board of Trustees of First Trust Exchange-Traded Fund III
(the "Trust") has approved a transaction to combine the First Trust
RiverFront Dynamic Asia Pacific ETF ("RFAP"), an actively managed
exchange-traded fund that seeks to provide capital appreciation,
with First Trust RiverFront Dynamic Developed International ETF
("RFDI"), an actively managed exchange-traded fund that seeks to
provide capital appreciation. Pursuant to this transaction, RFAP
shareholders will become shareholders of RFDI. Shares of RFAP will
be exchanged, on what is expected to be a tax-free basis for
federal income tax purposes, for shares of RFDI with an equal
aggregate net asset value, and RFAP shareholders will become
shareholders of RFDI. The Reorganization is expected to occur on
August 27, 2021 or as soon thereafter as practicable.
Past performance is no assurance of future results. Investment
return and market value of an investment in a Fund will fluctuate.
Shares, when sold, may be worth more or less than their original
cost.
Principal Risk Factors: A Fund's shares will change in value,
and you could lose money by investing in a Fund. An investment in a
Fund is not a deposit of a bank and is not insured or guaranteed by
the Federal Deposit Insurance Corporation or any other governmental
agency. There can be no assurance that a Fund's investment
objectives will be achieved. An investment in a Fund involves risks
similar to those of investing in any portfolio of equity securities
traded on exchanges. The risks of investing in each Fund are
spelled out in its prospectus, shareholder report, and other
regulatory filings.
Securities held by a fund, as well as shares of a fund itself,
are subject to market fluctuations caused by factors such as
general economic conditions, political events, regulatory or market
developments, changes in interest rates and perceived trends in
securities prices. Shares of a fund could decline in value or
underperform other investments as a result of the risk of loss
associated with these market fluctuations. In addition, local,
regional or global events such as war, acts of terrorism, spread of
infectious diseases or other public health issues, recessions, or
other events could have a significant negative impact on a fund and
its investments. Such events may affect certain geographic regions,
countries, sectors and industries more significantly than others.
The outbreak of the respiratory disease designated as COVID-19 in
December 2019 has caused significant volatility and declines in
global financial markets, which have caused losses for investors.
While the development of vaccines has slowed the spread of the
virus and allowed for the resumption of "reasonably" normal
business activity in the United States, many countries continue to
impose lockdown measures in an attempt to slow the spread.
Additionally, there is no guarantee that vaccines will be effective
against emerging variants of the disease.
In managing a fund’s investment portfolio, the portfolio
managers will apply investment techniques and risk analyses that
may not have the desired result.
A fund concentrated in the Asia Pacific region is more
susceptible to the economic, market, regulatory, political, natural
disasters and local risks than a fund that is more geographically
diversified. The region has historically been highly dependent on
global trade, with nations taking strong roles in both the
importing and exporting of goods; such a relationship creates a
risk with this dependency on global growth. Varying levels of
accounting and disclosure standards, restrictions on foreign
ownership, minority ownership rights, and corporate governance
standards are also common for the region.
A fund may be subject to the risk that a counterparty will not
fulfill its obligations which may result in significant financial
loss to a fund.
Changes in currency exchange rates and the relative value of
non-US currencies may affect the value of a fund’s investments and
the value of a fund’s shares.
As the use of Internet technology has become more prevalent in
the course of business, funds have become more susceptible to
potential operational risks through breaches in cyber security.
The use of OTC derivatives, including forward contracts, can
lead to losses because of adverse movements in the price or value
of the underlying asset, index or rate, which may be magnified by
certain features of the derivatives.
A fund’s utilization of a dynamic currency hedging strategy may
result in lower returns than an equivalent non-currency hedged
investment when the component currencies are rising relative to the
U.S. dollar. Although a fund will seek to minimize the impact of
currency fluctuations on returns, the use of currency hedging will
not necessarily eliminate exposure to all currency
fluctuations.
Forward foreign currency exchange contracts involve certain
risks, including the risk of failure of the counterparty to perform
its obligations under the contract and the risk that the use of
forward contracts may not serve as a complete hedge because of an
imperfect correlation between movements in the prices of the
contracts and the prices of the currencies hedged.
A fund may be a constituent of one or more indices which could
greatly affect a fund’s trading activity, size and volatility.
Certain fund investments may be subject to restrictions on
resale, trade over-the-counter or in limited volume, or lack an
active trading market. Illiquid securities may trade at a discount
and may be subject to wide fluctuations in market value.
The utilization of quantitative models entails the risks that a
model may be limited or incorrect, the data on which a model relies
may be incorrect or incomplete and the portfolio managers may not
be successful in selecting companies for investment or determining
the weighting of particular stocks in a fund’s portfolio. Any of
these factors could cause a fund to underperform funds that do not
rely on models.
Securities of non-U.S. issuers are subject to additional risks,
including currency fluctuations, political risks, withholding, the
lack of adequate financial information, and exchange control
restrictions impacting non-U.S. issuers. These risks may be
heightened for securities of companies located in, or with
significant operations in, emerging market countries.
A fund and a fund's advisor may seek to reduce various
operational risks through controls and procedures, but it is not
possible to completely protect against such risks.
High portfolio turnover may result in higher levels of
transaction costs and may generate greater tax liabilities for
shareholders.
A fund with significant exposure to a single asset class,
country, region, industry, or sector may be more affected by an
adverse economic or political development than a broadly
diversified fund.
Securities of small- and mid-capitalization companies may
experience greater price volatility and be less liquid than larger,
more established companies.
Trading on the exchange may be halted due to market conditions
or other reasons. There can be no assurance that the requirements
to maintain the listing of a fund on the exchange will continue to
be met or be unchanged.
Portfolio holdings that are valued using techniques other than
market quotations may be subject to greater fluctuation in their
valuations from one day to the next than if market quotations were
used.
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.
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