First Trust Advisors L.P. ("FTA") announces the declaration of
the monthly distributions for certain exchange-traded funds advised
by FTA.
The following dates apply to today's
distribution declarations:
Expected Ex-Dividend Date:
July 1, 2024
Record Date:
July 1, 2024
Payable Date:
July 2, 2024
Ticker
Exchange
Fund
Name
Frequency
Ordinary
Income
Per
Share
Amount
ACTIVELY MANAGED EXCHANGE-TRADED
FUNDS
First Trust Exchange-Traded
Fund
IGLD
Cboe BZX
FT Vest Gold Strategy Target
Income ETF®
Monthly
$0.1388
First Trust Exchange-Traded Fund
VIII
XIDE
Cboe BZX
FT Vest U.S. Equity Buffer &
Premium Income ETF - December
Monthly
$0.1676
XIMR
Cboe BZX
FT Vest U.S. Equity Buffer &
Premium Income ETF - March
Monthly
$0.1730
XISE
Cboe BZX
FT Vest U.S. Equity Buffer &
Premium Income ETF - September
Monthly
$0.1840
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 $226 billion as of May 31, 2024 through unit
investment trusts, exchange-traded funds, closed-end funds, mutual
funds and separate managed accounts. 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.
You should consider the investment objectives, risks, charges
and expenses of a Fund before investing. Prospectuses for the Funds
contain this and other important information and are available free
of charge by calling toll-free at 1-800-621-1675 or visiting
https://www.ftportfolios.com. A prospectus should be read
carefully before investing.
Principal Risk Factors: Risks are inherent in all investing.
Certain risks that may be applicable to a fund are identified below
but not all of the material risks relevant to each fund are
included below and not all of the risks below apply to each fund.
The material risks of investing in each fund are spelled out in its
prospectus, statement of additional information and other
regulatory filings. The order of the below risk factors does not
indicate the significance of any particular risk factor.
Past performance is no assurance of future results. Investment
return and market value of an investment in a Fund will fluctuate.
Shares, when sold, may be worth more or less than their original
cost.
The Fund's shares will change in value, and you could lose money
by investing in the Fund. An investment in the Fund is not a
deposit of a bank and is not insured or guaranteed by the Federal
Deposit Insurance Corporation or any other governmental agency.
There can be no assurance that the Fund's investment objectives
will be achieved. An investment in the Fund involves risks similar
to those of investing in any portfolio of securities traded on
exchanges.
ETF shares may only be redeemed directly from a fund by
authorized participants in very large creation/redemption units.
ETF shares may trade at a discount to net asset value and possibly
face delisting.
Securities of small- and mid-capitalization companies may
experience greater price volatility and be less liquid than larger,
more established companies whereas large capitalization companies
may grow at a slower rate than the overall market.
A fund that effects all or a portion of its creations and
redemptions for cash rather than in-kind may be less tax
efficient.
Commodity prices can have a significant volatility and exposure
to commodities can cause the value of a fund's shares to decline or
fluctuate in a rapid and unpredictable manner.
Current market conditions risk is the risk that a particular
investment, or shares of the fund in general, may fall in value due
to current market conditions. As a means to fight inflation, the
Federal Reserve and certain foreign central banks have raised
interest rates and expect to continue to do so, and the Federal
Reserve has announced that it intends to reverse previously
implemented quantitative easing. Recent and potential future bank
failures could result in disruption to the broader banking industry
or markets generally and reduce confidence in financial
institutions and the economy as a whole, which may also heighten
market volatility and reduce liquidity. Ongoing armed conflicts
between Russia and Ukraine in Europe and among Israel, Hamas and
other militant groups in the Middle East, have caused and could
continue to cause significant market disruptions and volatility
within the markets in Russia, Europe, the Middle East and the
United States. The hostilities and sanctions resulting from those
hostilities have and could continue to have a significant impact on
certain fund investments as well as fund performance and liquidity.
The COVID-19 global pandemic, or any future public health crisis,
and the ensuing policies enacted by governments and central banks
have caused and may continue to cause significant volatility and
uncertainty in global financial markets, negatively impacting
global growth prospects.
A fund normally distributes income it earns, so a fund may be
required to reduce its distributions if it has insufficient income.
Distributions in excess of a Fund's current and accumulated
earnings and profits will be treated as a return of capital. There
may be other circumstances when all or a portion of a Fund’s
distribution is treated as a return of capital, for example, there
are times when Fund securities are sold to cover a derivative
position that generated all or a portion of the distribution that
could lead to a return of capital.
A fund is susceptible to operational risks through breaches in
cyber security. Such events could cause a fund to incur regulatory
penalties, reputational damage, additional compliance costs
associated with corrective measures and/or financial loss.
Certain securities are subject to call, credit, extension,
income, inflation, interest rate, prepayment and zero coupon risks.
These risks could result in a decline in a security's value and/or
income, increased volatility as interest rates rise or fall and
have an adverse impact on a fund's performance.
The use of listed and OTC derivatives, including futures,
options, swap agreements and forward contracts, can lead to losses
because of adverse movements in the price or value of the
underlying asset, index or rate, which may be magnified by certain
features of the derivatives.
Trading FLEX Options involves risks different than, and possibly
greater than, investing directly in securities. A Target Outcome
fund may experience substantial downside for FLEX Option positions
and certain FLEX Option positions may expire worthless. There can
be no guarantee that a liquid secondary market will exist for the
FLEX Options and the FLEX Options may be less liquid than
exchange-traded options.
In managing a fund's investment portfolio, the portfolio
managers will apply investment techniques and risk analyses that
may not have the desired result.
Market risk is the risk that a particular security, or shares of
a fund in general may fall in value. Securities are subject to
market fluctuations caused by such factors as general economic
conditions, political events, regulatory or market developments,
changes in interest rates and perceived trends in securities
prices. Shares of a fund could decline in value or underperform
other investments as a result. In addition, local, regional or
global events such as war, acts of terrorism, spread of infectious
disease or other public health issues, recessions, natural
disasters or other events could have significant negative impact on
a fund.
A fund classified as "non-diversified" may invest a relatively
high percentage of its assets in a limited number of issuers. As a
result, a fund may be more susceptible to a single adverse economic
or regulatory occurrence affecting one or more of these issuers,
experience increased volatility and be highly concentrated in
certain issuers.
A fund and a fund's advisor may seek to reduce various
operational risks through controls and procedures, but it is not
possible to completely protect against such risks. A fund also
relies on third parties for a range of services, including custody,
and any delay or failure related to those services may affect a
fund's ability to achieve its objectives.
Subsidiary investment risk applies to a fund that invests in
certain securities through a wholly-owned subsidiary of the fund
that is organized under the laws of the Cayman Islands
("Subsidiary"). Changes in the laws of the U.S. and/or Cayman
Islands could result in the inability of a fund to operate as
intended. The Subsidiary is not registered under the 1940 Act and
is not subject to all the investor protections of the 1940 Act.
Thus, a fund that is as an investor in the Subsidiary will not have
all the protections offered to investors in registered investment
companies.
Certain funds have characteristics unlike many other traditional
investment products and may not be appropriate for all
investors.
The investment strategy is designed to deliver returns that
match, or for the X series are approximately twice those of, the
reference asset if a fund's shares are bought on the day on which a
fund enters into the Flexible Exchange Options® ("FLEX Options")
(i.e., the first day of a Target Outcome Period) and held until
those FLEX Options expire at the end of the Target Outcome Period
subject to a pre-determined upside cap, while limiting downside
losses. If the Underlying ETF experiences gains during a Target
Outcome Period, a fund will not participate in those gains on a
one-to-one basis or beyond the cap. If an investor does not hold
its fund shares for an entire Target Outcome Period, the returns
realized by that investor may not match those a fund seeks to
achieve. In the event an investor purchases fund shares after the
first day of a Target Outcome Period or sells shares prior to the
expiration of the Target Outcome Period, the value of that
investor's investment in fund shares may not be buffered against a
decline in the value of the reference asset and may not participate
in a gain in the value of the reference asset up to the cap for the
investor's investment period. A shareholder may lose their entire
investment.
The Target Outcome registered trademarks are registered
trademarks of Vest Financial LLC.
The funds are not sponsored, endorsed, sold or promoted by SPDR®
S&P 500® ETF Trust, PDR, or Standard & Poor's® (together
with their affiliates hereinafter referred to as the
"Corporations"). The Corporations have not passed on the legality
or suitability of, or the accuracy or adequacy of, descriptions and
disclosures relating to the funds or the FLEX Options. The
Corporations make no representations or warranties, express or
implied, regarding the advisability of investing in the funds or
the FLEX Options or results to be obtained by the funds or the FLEX
Options, shareholders or any other person or entity from use of the
SPDR® S&P 500® ETF Trust. The Corporations have no liability in
connection with the management, administration, marketing or
trading of the funds or the FLEX Options.
The funds are not sponsored, endorsed, sold or promoted by SPDR®
Gold Trust and WGTS (together with their affiliates hereinafter
referred to as the "Corporations"). The Corporations have not
passed on the legality or suitability of, or the accuracy or
adequacy of, descriptions and disclosures relating to the funds or
the FLEX Options. The Corporations make no representations or
warranties, express or implied, regarding the advisability of
investing in the funds or the FLEX Options or results to be
obtained by the funds or the FLEX Options, shareholders or any
other person or entity from use of the SPDR® Gold Trust. The
Corporations have no liability in connection with the management,
administration, marketing or trading of the funds or the FLEX
Options.
First Trust Advisors L.P. is the adviser to the fund. First
Trust Advisors L.P. is an affiliate of First Trust Portfolios L.P.,
the fund's distributor.
First Trust Advisors L.P. is registered as a commodity pool
operator and commodity trading advisor and is also a member of the
National Futures Association.
The information presented is not intended to constitute an
investment recommendation for, or advice to, any specific person.
By providing this information, First Trust is not undertaking to
give advice in any fiduciary capacity within the meaning of ERISA,
the Internal Revenue Code or any other regulatory framework.
Financial professionals are responsible for evaluating investment
risks independently and for exercising independent judgment in
determining whether investments are appropriate for their
clients.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240628948358/en/
Press Inquiries: Ryan Issakainen, 630-765-8689 Broker Inquiries:
Sales Team, 866-848-9727 Analyst Inquiries: Stan Ueland,
630-517-7633