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First Trust Advisors has appointed Denise M. Keefe as a Trustee for all funds managed by the firm, effective November 1, 2021. Ms. Keefe, currently Executive Vice President at Advocate Aurora Health, has been with the organization since 1993, overseeing strategic direction and management of 4,000 employees. She holds significant experience in healthcare management and board positions, enhancing her capability to contribute to First Trust's strategies. This appointment spans multiple funds, including the First Trust Exchange-Traded Fund II (SKYY) and First Trust Exchange-Traded Fund III (FMB). FTA manages approximately $207 billion in assets as of September 30, 2021.
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First Trust Advisors L.P. has completed the reorganization of the First Trust RiverFront Dynamic Asia Pacific ETF (RFAP) into the First Trust RiverFront Dynamic Developed International ETF (RFDI) effective August 30, 2021. The Board of Trustees approved this change on January 15, 2021. Shareholders of RFAP received RFDI shares equivalent to the net asset value of their RFAP holdings, exchanging at a ratio of 0.782867. RFDI will focus on capital appreciation by investing at least 80% of its assets in equity securities of developed market companies.