WHEATON, Ill.--(BUSINESS WIRE)--First Trust Advisors L.P. (“FTA”) announced today that the shareholders of First Trust ISE Global Platinum Index Fund (NASDAQ: PLTM) (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 Agriculture Index (“Agriculture Index”). The Agriculture Index is developed, maintained and sponsored by Indxx, LLC (“Indxx”). In addition, the Fund will change its name to First Trust Indxx Global Agriculture ETF. The Fund will continue to list and trade its shares on The NASDAQ Stock Market LLC but will change its ticker symbol to “FTAG.” When these changes are effective, the Fund’s shares will also trade under a new CUSIP number.
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. The Agriculture Index is comprised of farmland companies and firms involved in chemicals and 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 Agriculture 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 Agriculture 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.