First Trust Announces Shareholder Approval of New Investment Objective for First Trust ISE Global Copper Index Fund
September 28 2015 - 5:40PM
Business Wire
First Trust Advisors L.P. (“FTA”) announced today that the
shareholders of First Trust ISE Global Copper Index Fund (NASDAQ:
CU) (the “Fund”), an exchange-traded index fund and a series of
First Trust Exchange-Traded Fund II, have voted to approve a new
investment objective for the Fund.
FTA previously announced that it was seeking shareholder
approval for the changes to the Fund’s investment objective.
Effective on or about the close of business on December 18, 2015,
the Fund’s new investment objective will be to seek investment
results that correspond generally to the price and yield (before
the Fund’s fees and expenses) of an equity index called the Indxx
Global Natural Resources Income Index (“Natural Resources Index”).
The Natural Resources Index is developed, maintained and sponsored
by Indxx, LLC (“Indxx”). In addition, the Fund will change its name
to First Trust Indxx Global Natural Resources Income ETF. The Fund
will continue to list and trade its shares on The NASDAQ Stock
Market LLC but will change its ticker symbol to “FTRI.” When these
changes are effective, the Fund’s shares will also trade under a
new CUSIP number.
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 Natural Resources Index has been licensed for use by the
Fund. The Fund is not sponsored, endorsed, sold or promoted by
Indxx, and Indxx makes no representation or warranty regarding the
advisability of investing in the Fund or as to the result to be
obtained by any person from use of the Natural Resources Index in
connection with the trading of the Fund.
FTA has served as the Fund’s investment advisor since the Fund’s
inception. FTA, 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 $112 billion as of August 31, 2015,
through unit investment trusts, exchange-traded funds, closed-end
funds, mutual funds and separate managed accounts.
You should consider the Fund’s investment objective, risks,
charges and expenses carefully before investing. You can download a
prospectus or contact FTA to request a prospectus, which contains
other information about the Fund. Read it carefully before you
invest. The risks of investing in the Fund are spelled out in its
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.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20150928006660/en/
First Trust Advisors L.P.Press Inquiries: Ryan Issakainen,
630-765-8689Analyst Inquiries: Stan Ueland, 630-517-7633
Herzfeld Caribbean Basin (NASDAQ:CUBA)
Historical Stock Chart
From Jul 2024 to Aug 2024
Herzfeld Caribbean Basin (NASDAQ:CUBA)
Historical Stock Chart
From Aug 2023 to Aug 2024