Board Approves Termination of Investment Sub-Advisory Agreement for First Trust TCW Securitized Plus ETF
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.
First Trust Advisors L.P. (FTA) ha annunciato che il Consiglio di Amministrazione ha votato per terminare l'accordo di sub-consulenza sugli investimenti con TCW Investment Management Company per il First Trust TCW Securitized Plus ETF, a partire dal 9 maggio 2025. FTA continuerà come consulente agli investimenti e assumerà le responsabilità di gestione del portafoglio, mantenendo le attuali strategie e politiche di investimento del Fondo.
FTA, un consulente agli investimenti registrato a livello federale, insieme alla sua affiliata First Trust Portfolios L.P. (FTP), gestisce circa $266 miliardi in attivi a partire dal 31 gennaio 2025 attraverso vari veicoli di investimento, tra cui fiduciarie di investimento unitario, ETF, fondi chiusi, fondi comuni e SMA. Entrambe le società hanno sede a Wheaton, Illinois.
First Trust Advisors L.P. (FTA) anunció que la Junta de Fideicomisarios ha votado para terminar el acuerdo de subasesoría de inversiones con TCW Investment Management Company para el First Trust TCW Securitized Plus ETF, efectivo a partir del 9 de mayo de 2025. FTA continuará como asesor de inversiones y asumirá las responsabilidades de gestión de la cartera, manteniendo las estrategias y políticas de inversión actuales del Fondo.
FTA, un asesor de inversiones registrado a nivel federal, junto con su afiliada First Trust Portfolios L.P. (FTP), gestiona aproximadamente $266 mil millones en activos a partir del 31 de enero de 2025 a través de varios vehículos de inversión, incluyendo fideicomisos de inversión unitarios, ETFs, fondos cerrados, fondos mutuos y SMAs. Ambas compañías tienen sede en Wheaton, Illinois.
퍼스트 트러스트 어드바이저스 L.P. (FTA)는 이사회가 퍼스트 트러스트 TCW 증권화 플러스 ETF에 대한 TCW 투자 관리 회사와의 투자 하위 자문 계약을 2025년 5월 9일부터 종료하기로 투표했다고 발표했습니다. FTA는 투자 자문사로 계속 활동하며 포트폴리오 관리 책임을 맡아 펀드의 현재 투자 전략과 정책을 유지할 것입니다.
FTA는 연방 등록 투자 자문사로, 그 소속사인 퍼스트 트러스트 포트폴리오 L.P. (FTP)와 함께 2025년 1월 31일 기준으로 약 $2660억 자산을 다양한 투자 수단을 통해 관리하고 있습니다. 이에는 유닛 투자 신탁, ETF, 폐쇄형 펀드, 뮤추얼 펀드 및 SMA가 포함됩니다. 두 회사는 일리노이주 위튼에 본사를 두고 있습니다.
First Trust Advisors L.P. (FTA) a annoncé que le Conseil des fiduciaires a voté pour mettre fin à l'accord de sous-conseil en investissement avec TCW Investment Management Company pour le First Trust TCW Securitized Plus ETF, à compter du 9 mai 2025. FTA continuera en tant que conseiller en investissement et assumera les responsabilités de gestion de portefeuille, en maintenant les stratégies et politiques d'investissement actuelles du Fonds.
FTA, un conseiller en investissement enregistré au niveau fédéral, gère, avec sa filiale First Trust Portfolios L.P. (FTP), environ $266 milliards d'actifs au 31 janvier 2025 à travers divers véhicules d'investissement, y compris des fiducies d'investissement unitaire, des ETF, des fonds fermés, des fonds communs de placement et des SMA. Les deux sociétés sont basées à Wheaton, dans l'Illinois.
First Trust Advisors L.P. (FTA) gab bekannt, dass der Vorstand beschlossen hat, die Unterberatungsvereinbarung mit der TCW Investment Management Company für den First Trust TCW Securitized Plus ETF mit Wirkung zum 9. Mai 2025 zu beenden. FTA wird weiterhin als Anlageberater tätig sein und die Verantwortung für das Portfoliomanagement übernehmen, wobei die aktuellen Anlagestrategien und -richtlinien des Fonds beibehalten werden.
FTA, ein bundesweit registrierter Anlageberater, verwaltet zusammen mit seiner Tochtergesellschaft First Trust Portfolios L.P. (FTP) zum 31. Januar 2025 etwa $266 Milliarden an Vermögenswerten durch verschiedene Anlagevehikel, darunter Anlagevertrauen, ETFs, geschlossene Fonds, Investmentfonds und SMAs. Beide Unternehmen haben ihren Sitz in Wheaton, Illinois.
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In connection with FTA’s assumption of portfolio management responsibilities for the Fund upon the Termination, it is anticipated that the Fund will be managed in a manner consistent with the investment strategies and policies currently described in the Fund’s prospectus.
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
The information presented is not intended to constitute an investment recommendation for, or advice to, any specific person. By providing this information, FTA 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.
This press release contains certain forward-looking statements within the meaning of the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended. Forward-looking statements include statements regarding the goals, beliefs, plans or current expectations of FTA and their respective representatives, taking into account the information currently available to them. Forward-looking statements include all statements that do not relate solely to current or historical fact. For example, forward-looking statements include the use of words such as “anticipate,” “estimate,” “intend,” “expect,” “believe,” “plan,” “may,” “should,” “would,” “will” or other words that convey uncertainty of future events or outcomes. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Fund to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. When evaluating the information included in this press release, you are cautioned not to place undue reliance on these forward-looking statements, which reflect the judgment of FTA and their respective representatives only as of the date hereof. No obligation will be undertaken to publicly revise or update these forward-looking statements to reflect events and circumstances that arise after the date hereof.
The Fund’s daily closing price and net asset value per share as well as other information can be found at www.ftportfolios.com.
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First Trust Advisors L.P.
Press Inquiries:
Ryan Issakainen
630-765-8689
Analyst Inquiries:
Chris Fallow
630-517-7628
Source: First Trust Advisors L.P.
FAQ
When will the TCW sub-advisory agreement termination for First Trust TCW Securitized Plus ETF take effect?
How much assets under management does First Trust Advisors have as of January 2025?
Will the investment strategy of First Trust TCW Securitized Plus ETF change after the sub-advisor termination?
Who will manage the First Trust TCW Securitized Plus ETF portfolio after May 9, 2025?
