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Stock impact report

First Trust RBA Quality Income ETF Changes Name, Investment Objective, Ticker Symbol and Management Fee Effective September 6, 2018

FIRST TRUST RBA QUALITY INCOME (QINC) 
Company Research Source: Business Wire
WHEATON, Ill.--(BUSINESS WIRE)-- On September 6, 2018, First Trust RBA Quality Income ETF (Nasdaq: QINC) (the “Fund”), an exchange-traded index fund and a series of First Trust Exchange-Traded Fund VI (the “Trust”), will change its investment objective to seek investment results that correspond generally to the price and yield (before the Fund’s fees and expenses) of an index called the Dorsey Wright Momentum Plus Dividend Yield Index (the “New Index”). In connection with that change, under normal conditions, the Fund will invest at least 90% of its net assets (including investment borrowings) in equity securities comprising the New Index. The New Index is a rules-based equity index designed to track the overall performance of the 50 stocks with the highest dividend yield comprising the NASDAQ US Large Mid Index that still maintain high levels of “relative strength.” The New Index is owned and developed by Nasdaq, In Show less Read more
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