First Trust Announces March 4, 2024 for Changes in Investment Strategies and Other Related Matters for Large Cap US Equity Select ETF
26 Febrero 2024 - 3:10PM
Business Wire
First Trust Advisors L.P. (“FTA”) announced today that Large Cap
US Equity Select ETF (Nasdaq: RNLC) (the “Fund”), a series of First
Trust Exchange-Traded Fund VI (the “Trust”), will change its
investment objective, name and other related matters, effective
March 4, 2024. FTA previously announced that the Fund will seek
investment results that correspond generally to the price and yield
(before the Fund’s fees and expenses) of an equity index called the
Bloomberg Shareholder Yield Index (the “New Index”) on or around a
different date, February 29, 2024. Currently, the Fund seeks
investment results that correspond generally to the price and yield
(before the Fund’s fees and expenses) of an equity index called the
Nasdaq Riskalyze US Large Cap™ Index. According to Bloomberg Index
Services Limited, the index provider to the New Index, the New
Index tracks the performance of US large- and mid-capitalization
companies that have a track record of returning value to
shareholders through dividends, buybacks and debt reduction in a
manner that is within their capacity. The New Index is determined,
composed and calculated by Bloomberg Index Services Limited.
Additionally, on or around March 4, 2024, the Fund’s name is
expected to change to First Trust Bloomberg Shareholder Yield ETF
and its new ticker symbol is expected to be SHRY. The Fund’s CUSIP
is not expected to change.
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 $211 billion as of January 31, 2024 through unit
investment trusts, exchange-traded funds, closed-end funds, mutual
funds and SMAs. 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.
This press release contains certain forward-looking statements
within the meaning of the Securities Act of 1933, as amended, and
the Securities Exchange Act of 1934, as amended. Forward-looking
statements include statements regarding the goals, beliefs, plans
or current expectations of FTA and its respective representatives,
taking into account the information currently available to them.
Forward-looking statements include all statements that do not
relate solely to current or historical fact. For example,
forward-looking statements include the use of words such as
“anticipate,” “estimate,” “intend,” “expect,” “believe,” “plan,”
“may,” “should,” “would,” “will” or other words that convey
uncertainty of future events or outcomes. Forward-looking
statements involve known and unknown risks, uncertainties and other
factors that may cause the actual results, performance or
achievements of a Fund to be materially different from any future
results, performance or achievements expressed or implied by the
forward-looking statements. When evaluating the information
included in this press release, you are cautioned not to place
undue reliance on these forward-looking statements, which reflect
the judgment of FTA and its respective representatives only as of
the date hereof. No obligation will be undertaken to publicly
revise or update these forward-looking statements to reflect events
and circumstances that arise after the date hereof.
The Fund’s daily closing price and net asset value per share as
well as other information can be found at www.ftportfolios.com.
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First Trust Advisors L.P.
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