First Trust Announces Shareholder Approval of Certain Matters for First Trust FTSE EPRA/NAREIT Developed Markets Real Estate Index Fund and Upcoming Implementation of Related Changes
Currently, the Funds investment objective is to seek investment results that correspond generally to the price and yield (before the Funds fees and expenses) of an equity index called the FTSE EPRA/NAREIT Developed Index (Current Index).
- Currently, the Funds investment objective is to seek investment results that correspond generally to the price and yield (before the Funds fees and expenses) of an equity index called the FTSE EPRA/NAREIT Developed Index (Current Index).
- The Board of Trustees of the Trust previously approved a change to the Funds investment objective that will result in the replacement of the Current Index with the Alerian Disruptive Technology Real Estate Index (New Index).
- The Fund was not required to seek shareholder approval of its new investment objective or the New Index.
- Additionally, the Funds name will change to First Trust Alerian Disruptive Technology Real Estate ETF and its new ticker symbol is expected to be DTRE.