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First Trust Advisors L.P. (FTA) announced that the Board of Trustees has voted to terminate the investment sub-advisory agreement with TCW Investment Management Company for the First Trust TCW Securitized Plus ETF, effective May 9, 2025. FTA will continue as investment advisor and assume portfolio management responsibilities, maintaining the Fund's current investment strategies and policies.
FTA, a federally registered investment advisor, along with its affiliate First Trust Portfolios L.P. (FTP), manages approximately $266 billion in assets as of January 31, 2025 through various investment vehicles including unit investment trusts, ETFs, closed-end funds, mutual funds, and SMAs. Both companies are based in Wheaton, Illinois.
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