International Multi-Asset Diversified Income Idx Fund Changes Name, Investment Objective, Ticker Symbol & Management Fee Effe...
28 Août 2018 - 10:22PM
Business Wire
On August 30, 2018, 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”), will change its investment objective to 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”). In
connection with that change, under normal conditions, the Fund will
invest at least 90% of its net assets (including investment
borrowings) in the equity securities that comprise the New Index.
The New Index measures the performance of high dividend yielding
companies that have followed a managed-dividends policy of
increasing or maintaining dividends for at least ten consecutive
years. The New Index is owned and was developed by S&P Dow
Jones Indices, LLC, a division of S&P Global.
Effective August 30, 2018, the Fund’s name will change to First
Trust S&P International Dividend Aristocrats ETF, and the Fund
will reduce its annual management fee payable 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, license
fees, legal, audit and other services, but excluding fee payments
under the Investment Management Agreement, interest, taxes,
acquired fund fees and expenses, if any, 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, 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. The Fund will list and
trade its shares on Nasdaq under a different ticker symbol: “FID”
and the Fund’s new CUSIP will be 33738R688.
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 $130 billion as of July 31, 2018 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 objective, 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/20180828005819/en/
International Multi-Asset Diversified Income Index FundPress
Inquiries: Ryan Issakainen, 630-765-8689Analyst Inquiries: Stan
Ueland, 630-517-7633
First Trust International Multi-Asset Diversified Income Index Fund (delisted) (NASDAQ:YDIV)
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