CORRECTING & REPLACING International Multi-Asset Diversified Income Idx Fund Announces Changes to Investment Objective, Fund ...
14 Juin 2018 - 12:28AM
Business Wire
Second paragraph, second to last sentence should read: The Fund
will continue to list and trade its shares on NASDAQ (instead of
The Fund will continue to list and trade its shares on NYSE)
The corrected release reads:
INTERNATIONAL MULTI-ASSET DIVERSIFIED INCOME INDEX FUND
ANNOUNCES CHANGES TO INVESTMENT OBJECTIVE, FUND NAME, TICKER SYMBOL
AND MANAGEMENT FEE
International Multi-Asset Diversified Income Index Fund (Nasdaq:
YDIV) (the “Fund”), an exchange-traded index fund and a series of
First Trust Exchange-Traded Fund VI (the “Trust”), announced today
that the Board of Trustees (“Board”) of the Trust has approved
changes to the Fund’s investment objective. On or around August 29,
2018, 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&P International Dividend
Aristocrats Index (the “New Index”) and normally will invest at
least 90% of its net assets (including investment borrowings) in
securities comprising the New Index. The New Index will be
developed, maintained and sponsored by S&P Opco, LLC
(“S&P”), an affiliate of Standard & Poor's Financial
Services LLC.
The Board of the Trust also approved a reduction in the annual
management fee payable by the Fund to First Trust Advisors L.P.
(“FTA”), the Fund’s investment adviser, from 0.70% of the Fund’s
average daily net assets to 0.60% of the Fund’s average daily net
assets. FTA will manage the investment of the Fund’s assets and
will be responsible for the Fund’s expenses, including the cost of
transfer agency, custody, fund administration, licensing fees,
legal, audit and other services, but excluding fee payments under
the Investment Management Agreement, interest, taxes, brokerage
commissions and other expenses connected with the execution of
portfolio transactions, distribution and service fees related to a
Rule 12b-1 plan, if any, acquired fund fees and expenses, and
extraordinary expenses, which are paid by the Fund. The reduction
in the management fee will have no effect on the services provided
to the Fund by FTA and will be effective on or around August 29,
2018. It is also anticipated that on or around August 29, 2018, the
Fund will change its name to First Trust S&P International
Dividend Aristocrats ETF. The Fund will continue to list and trade
its shares on NASDAQ under the ticker symbol YDIV until August 29,
2018, at which time the Fund will list and trade its shares on the
Nasdaq Stock Market LLC under the ticker symbol “FID”. The Fund
will obtain a new CUSIP and other identifiers.
The New Index is designed to provide broad international
(excluding the United States) equity exposure to the 80 securities
in the S&P Global Broad Market Index that exhibit high levels
of income by growing or maintaining a consistent dividend over a
long time horizon.
FTA, the Fund's investment advisor, along with its affiliate,
First Trust Portfolios L.P., are privately-held companies which
provide a variety of investment services, including asset
management and financial advisory services, with collective assets
under management or supervision of approximately $126 billion as of
May 31, 2018 through unit investment trusts, exchange-traded funds,
closed-end funds, mutual funds and separate managed accounts.
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.
Standard & Poor's® and S&P® are registered trademarks of
S&P and have been licensed for use by FTA. The Fund is not
sponsored, endorsed, sold or promoted by S&P or its affiliates,
and S&P and its affiliates make no representation, warranty or
condition regarding the advisability of buying, selling or holding
shares 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, FTA is not undertaking to give
advice in any fiduciary capacity within the meaning of ERISA and
the Internal Revenue Code. FTA has no knowledge of and has not been
provided any information regarding any investor. Financial advisors
must determine whether particular investments are appropriate for
their clients. FTA believes the financial advisor is a fiduciary,
is capable of evaluating investment risks independently and is
responsible for exercising independent judgment with respect to its
retirement plan clients.
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version on businesswire.com: https://www.businesswire.com/news/home/20180613006239/en/
International Multi-Asset Diversified Income Index FundPress
Inquiries: Ryan Issakainen 630-765-8689Analyst Inquiries: Stan
Ueland 630-517-7633
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