WHEATON, Ill.--(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.
