First Trust NASDAQ Global Auto Index Fund (CARZ) will change its investment objective and name effective January 26, 2022. The Fund will now aim for results consistent with the S-Network Electric & Future Vehicle Ecosystem Index, focusing on approximately 116 securities in electric and autonomous vehicle sectors. The Fund's name will change to First Trust S-Network Future Vehicles & Technology ETF, while continuing to trade on Nasdaq under the CARZ ticker. First Trust Advisors L.P. oversees the Fund, managing about $223 billion in assets as of December 31, 2021.
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.