International Multi-Asset Diversified Income Index Fund Changes Name, Investment Objective, Ticker Symbol and Management Fee Effective August 30, 2018
Aug. 28, 2018
WHEATON, Ill.--(BUSINESS WIRE)--Aug 28, 2018--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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CONTACT: International Multi-Asset Diversified Income Index Fund
Press Inquiries: Ryan Issakainen, 630-765-8689
Analyst Inquiries: Stan Ueland, 630-517-7633
KEYWORD: UNITED STATES NORTH AMERICA ILLINOIS
INDUSTRY KEYWORD: PROFESSIONAL SERVICES FINANCE
SOURCE: International Multi-Asset Diversified Income Index Fund
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PUB: 08/28/2018 04:22 PM/DISC: 08/28/2018 04:22 PM