First Trust ISE Global Copper Idx Fund & First Trust ISE Global Platinum Idx Fund Announce Board Approval of Proposed Changes...
18 Junio 2015 - 3:43PM
Business Wire
First Trust ISE Global Copper Index Fund (NASDAQ: CU) (the
“Copper Fund”) and First Trust ISE Global Platinum Index Fund
(NASDAQ: PLTM) (the “Platinum Fund” and, together with the Copper
Fund, the “Funds”), each an exchange-traded index fund and a series
of First Trust Exchange-Traded Fund II (the “Trust”), announced
today that the Board of Trustees (“Board”) of the Trust has
approved changes to the Funds’ investment objectives. Subject to
shareholder approval, the Copper Fund’s new investment objective
(“New CU Investment Objective”) will be to seek investment results
that correspond generally to the price and yield (before such
Fund’s fees and expenses) of an equity index called the Indxx
Global Natural Resources Income Index (“Natural Resources Index”).
Also subject to shareholder approval, the Platinum Fund’s new
investment objective (“New PLTM Investment Objective”) will be to
seek investment results that correspond generally to the price and
yield (before such Fund’s fees and expenses) of an equity index
called the Indxx Global Agriculture Index (“Agriculture Index” and,
together with the Natural Resources Index, the “New Indices”). The
New Indices are developed, maintained and sponsored by Indxx, LLC
(“Indxx”).
The Natural Resources Index is a modified market
capitalization-weighted total return index designed to track
performance of dividend-paying companies which are involved in five
broad industry categories: energy, materials, agriculture, water
and timber, and is constructed based on market capitalization and
liquidity of those companies’ shares. The Natural Resources Index
is comprised of exchange-traded securities in developed and
emerging market countries. The Copper Fund’s current investment
objective is to seek investment results that correspond generally
to the price and yield (before fees and expenses) of the ISE Global
CopperTM Index (“Copper Index”). The Copper Fund will continue to
seek investment results that correspond generally to the Copper
Index until its shareholders approve the New CU Investment
Objective.
The Agriculture Index is a modified market
capitalization-weighted index designed to measure the performance
of companies which are directly or indirectly engaged in improving
agricultural yields through chemicals, fertilizers, seeds,
irrigation equipment and farm machinery, and is constructed based
on market capitalization and liquidity of those companies’ shares.
The Agriculture Index is comprised of exchange-traded securities in
developed and emerging market countries. The Platinum Fund’s
current investment objective is to seek investment results that
correspond generally to the price and yield (before fees and
expenses) of the ISE Global PlatinumTM Index (“Platinum Index”).
The Platinum Fund will continue to seek investment results that
correspond generally to the Platinum Index until its shareholders
approve the New PLTM Investment Objective.
Shareholders of the Funds will be asked to vote on proposals to
approve the New CU Investment Objective or the New PLTM Investment
Objective, as applicable, at a special meeting of shareholders
expected to be held later this year. Any solicitation of proxies
made in connection with this shareholder meeting will only be made
pursuant to proxy materials filed with the U.S. Securities and
Exchange Commission (“SEC”) under applicable federal securities
laws. There can be no assurance that the necessary percentage of
the shareholders of either of the Funds will vote to approve the
proposals.
It is also anticipated that upon shareholder approval of the New
CU Investment Objective, the Copper Fund will change its name to
First Trust Indxx Global Natural Resources Income ETF, and that
upon shareholder approval of the New PLTM Investment Objective, the
Platinum Fund will change its name to First Trust Indxx Global
Agriculture ETF. Both Funds will continue to list and trade their
shares on The NASDAQ Stock Market LLC, but will obtain new CUSIP
identifiers and ticker symbols. The Board also has approved these
Fund name changes. These changes do not require shareholder
approval.
The New Indices have been licensed for use by the Funds. The
Funds are not sponsored, endorsed, sold or promoted by Indxx, and
Indxx makes no representation or warranty regarding the
advisability of investing in the Funds or as to the result to be
obtained by any person from use of the New Indices in connection
with the trading of the Funds.
In connection with the solicitation of proxies to approve the
proposals described above, the Funds will file a proxy statement.
Because the proxy statement will contain important information, the
Funds’ shareholders are urged to read the proxy statement and
accompanying materials carefully when they receive them. The Funds’
shareholders will also be able to obtain copies of these documents,
when available, by calling First Trust Advisors L.P., the Funds’
investment advisor, toll-free at 800-621-1675. When filed with the
SEC, the proxy statement will be available free of charge at the
SEC’s website, www.sec.gov. The foregoing is not an offer to sell,
nor a solicitation of an offer to buy, shares of the Funds, nor is
it a solicitation of any proxy.
First Trust Advisors L.P. has served as each Fund’s investment
advisor since the Funds’ inception. First Trust, 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 $119.8 billion as
of May 31, 2015, through unit investment trusts, exchange-traded
funds, closed-end funds, mutual funds and separate managed
accounts.
You should consider the Funds’ investment objectives, risks,
charges and expenses carefully before investing. You can download a
prospectus or contact First Trust Advisors L.P. to request a
prospectus, which contains other information about the Funds. Read
it carefully before you invest. The risks of investing in the Funds
are spelled out in their prospectus, shareholder reports and other
regulatory filings.
This press release does not constitute an offer to sell or a
solicitation to buy, nor shall there be any sale of these
securities in any state or jurisdiction in which such offer or
solicitation or sale would be unlawful prior to registration or
qualification under the laws of such state or jurisdiction.
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version on businesswire.com: http://www.businesswire.com/news/home/20150618006383/en/
First Trust ISE Global Copper Index Fund andFirst Trust ISE
Global Platinum Index FundPress Inquiries: Ryan Issakainen,
630-765-8689Analyst Inquiries: Stan Ueland, 630-517-7633
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