First Trust Advisors L.P. Declares ETF Distributions for Investors
First Trust Advisors L.P. Announces ETF Distribution Declarations
First Trust Advisors L.P. (FTA) has declared distributions for 144 exchange-traded funds, known as Funds. This announcement highlights the commitment of FTA to ensure effective investment management and value for its stakeholders.
Distribution Dates for Investors
The following important dates have been set for the distribution process:
Expected Ex-Dividend Date
September 26, 2024
Record Date
September 26, 2024
Payable Date
September 30, 2024
Overview of the Distribution Offerings
Here’s a summarized look at the declarations for selected Funds advised by FTA:
Actively Managed Exchange-Traded Funds
First Trust California Municipal High Income ETF
- Ticker: FCAL
- Exchange: Nasdaq
- Frequency: Monthly
- Ordinary Income Per Share: $0.1250
First Trust Emerging Markets Local Currency Bond ETF
- Ticker: FEMB
- Exchange: Nasdaq
- Frequency: Monthly
- Ordinary Income Per Share: $0.1325
First Trust Managed Municipal ETF
- Ticker: FMB
- Exchange: Nasdaq
- Frequency: Monthly
- Ordinary Income Per Share: $0.1390
First Trust Municipal High Income ETF
- Ticker: FMHI
- Exchange: Nasdaq
- Frequency: Monthly
- Ordinary Income Per Share: $0.1630
First Trust Exchange-Traded Fund Overview
FTA is a registered investment advisor managing assets approximately totaling $241 billion. This figure reflects their standing as a leader in the ETF sector.
About First Trust Advisors L.P.
Founded in the investment advisory space, First Trust offers a wide variety of investment products, including ETFs. They aim to meet diverse investment needs through innovative financial solutions, striving for long-term growth for their clients.
Considerations for Investors
When considering an investment in one of FTA's Funds, potential investors should review the investment objectives, risks, charges, and expenses associated with each Fund carefully. Although FTA's management has a strong track record, the inherent risks of investing in funds remain significant.
Funds may only be redeemed directly by authorized participants, and their shares might trade at a discount or premium to their net asset value. Investors should also be aware that income from funds may be subject to taxes that could differ based on individual circumstances.
Conclusion
The distribution announcements by First Trust Advisors L.P. for its ETFs serve to provide transparency and timely information to investors. By closely monitoring the developments in a variety of sectors through their ETFs, investors have a unique opportunity to create well-balanced portfolios.
Frequently Asked Questions
What are the key dates for the ETF distributions?
The important dates include the Expected Ex-Dividend Date and Record Date on September 26, 2024, with the Payable Date on September 30, 2024.
How many exchange-traded funds are involved?
A total of 144 exchange-traded funds are declared for distributions by First Trust Advisors L.P.
What is First Trust Advisors L.P.'s asset management total?
First Trust Advisors L.P. has approximately $241 billion in assets under management.
What is the frequency of the declared distributions?
Most of the distributions are declared on a monthly basis.
Where can I find more information about these ETFs?
Investors can access detailed information regarding each Fund by reviewing the Fund's prospectus or visiting First Trust's official website.
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