First Trust Advisors LP Announces Portfolio Manager Update for First Trust Aggressive European Equity Income Fund
WHEATON, Illinois – (COMMERCIAL THREAD) – First Trust Advisors LP (“FTA”) today announced that Janus Capital Management LLC (“Janus”), investment sub-advisor of First Trust Dynamic Europe Equity Income Fund (NYSE: FDEU) (the “Fund »), Publish an update on the market and the Fund for financial professionals and investors. The update will be available Friday, September 24, 2021 at 5:00 p.m. EST until 11:59 p.m. EST on Sunday, October 24, 2021. To listen to the update, follow these instructions:
Dial: 888-203-1112; International 719-457-0820; and access code # 6658502. The update will be available from Friday, September 24, 2021 at 5:00 p.m. EST until 11:59 p.m. EST on Sunday, October 24, 2021.
The Fund is a diversified and private management investment company that seeks to provide a high level of current income. As a secondary objective, the Fund seeks to focus on capital appreciation. The Fund will seek to achieve its investment objective by investing at least 80% of its Managed Assets in a portfolio of equity securities of European companies of any market capitalization, including, but not limited to common and preferred stocks. that pay dividends, certificates of deposit and real estate investment trusts. The Fund will seek to concentrate its equity investments in income producing securities. The Fund will also seek to use a dynamic currency hedging process, which will include, at the discretion of the portfolio managers, the use of forward currency contracts to hedge a portion of the Fund’s currency risk exposure. To generate additional income, the Fund will sell (or sell) call options on portfolio equity securities and certain general stock market indices for an amount of up to 40% of the value of its assets under management.
FTA is a federally registered investment advisor and acts as the investment advisor to the Fund. FTA and its affiliate First Trust Portfolios LP (“FTP”), a brokerage firm registered with FINRA, are private companies that provide a variety of investment services. FTA has collective assets under management or supervision of approximately $ 213 billion as of August 31, 2021 through mutual funds, exchange-traded funds, closed-end funds, mutual funds and managed accounts distinct. FTA is the supervisor of the First Trust mutual funds, while FTP is the sponsor. FTP is also a distributor of UCITS units and exchange-traded fund creation units. FTA and FTP are based in Wheaton, Illinois.
Janus Capital Management LLC, a legal entity of Janus Henderson Investors, acts as the Fund’s investment sub-advisor. Janus Henderson Investors is headquartered in London and is a global investment management firm providing a full range of investment products and services to clients around the world. With offices in 25 cities and more than 2,300 employees, Janus Henderson Investors managed approximately $ 427.6 billion in assets as of June 30, 2021.
Past performance is no guarantee of future results. Investment returns and the market value of an investment in the Fund fluctuate. Stocks, when sold, may be worth more or less than their original cost. There can be no assurance that the Fund’s investment objectives will be achieved. The Fund may not be suitable for all investors.
Main risk factors: The securities held by a fund, as well as the shares of a fund itself, are subject to market fluctuations caused by factors such as general economic conditions, political events, regulatory or market developments. market, changes in interest rates and perceived trends in securities prices. The shares of a fund could lose value or underperform other investments because of the risk of loss associated with these market movements. In addition, local, regional or global events such as war, acts of terrorism, the spread of infectious diseases or other public health issues, recessions or other events could have a significant negative impact on a person. funds and its investments. Such events can affect certain geographic regions, countries, sectors and industries more significantly than others. The outbreak of respiratory disease known as COVID-19 in December 2019 caused significant volatility and declines in global financial markets, causing losses for investors. While vaccine development has slowed the spread of the virus and allowed the resumption of “reasonably” normal business activity in the United States, many countries continue to impose lockdowns in an attempt to slow the spread. In addition, there is no guarantee that the vaccines will be effective against emerging variants of the disease.
The net investment income paid by the Fund to its shareholders arises from the premiums it receives from the writing (sale) of call options and the dividends and interest it receives from equity securities and other investments held in the Fund’s portfolio and short-term gains thereon. . The premiums resulting from the writing (writing) of call options and from dividend and interest payments made by the securities in the Fund’s portfolio can vary considerably over time. Dividends on equity securities are not fixed but are declared at the discretion of the board of directors of an issuer. There can be no assurance that the issuers of equity securities in which the Fund invests will declare dividends in the future or that if declared, they will remain at current levels. The Fund cannot guarantee what percentage of distributions paid on Common Shares, if any, will be comprised of eligible dividend income or long-term capital gains, both of which are taxed at lower rates to individuals than income. ordinary and short-term. capital gains over time.
Since the Fund will invest primarily in securities of non-US issuers, which are generally denominated in non-US currencies, there are generally no risks associated with investing in securities of US issuers. Non-US issuers are subject to higher volatility than securities of US issuers. An investor can lose money if the local currency of a non-US market depreciates against the US dollar. The Fund may from time to time invest a significant portion of its assets in issuers located in a single country or region.
Investments in securities of issuers located in emerging markets are considered speculative and there is an increased risk of investing in securities in emerging markets. Financial and other reports from businesses and government entities may also be less reliable in emerging markets. Shareholder claims available in the United States, as well as the regulatory oversight and authority that is common in the United States, including for fraud-based claims, may be difficult or impossible for shareholders of securities to pursue in the United States. emerging countries or for the American authorities.
On June 23, 2016, the UK voted in a referendum to leave the European Union, an event commonly referred to as ‘Brexit’. Brexit immediately brought significant market volatility around the world, as well as political, economic and legal uncertainty. About a year after the UK officially left the European Union, the UK and the European Union entered into a trade deal that came into effect on December 31, 2020. Under the terms of the trade deal, there will be no tariffs or quotas on the movement of goods between the UK and Europe. There can be no assurance that the new trade deal will improve the instability in global financial markets caused by Brexit. At this time, it is difficult to predict what the long-term ramifications and political, economic and legal implications of Brexit will be, including the impact on the Fund’s portfolio holdings. The negative impact not only on the UK and European economies, but on the global economy as a whole, could be significant, potentially leading to increased volatility and liquidity and lower economic growth for companies that rely heavily on Europe for their business activities and income.
The Fund will adopt practices and strategies which will result in exposure to fluctuations in currency exchange rates, thereby subjecting it to currency risk.
The market value of REIT shares and the ability of REITs to distribute income can be adversely affected by several factors.
The use of derivative instruments by the Fund may result in greater losses than if they had not been used, may force the Fund to sell or buy portfolio securities at inappropriate times, may limit the amount of the gain that the Fund may realize on an investment, or may cause the Fund to hold a security that it could otherwise sell.
The use of leverage can lead to additional risks and costs and can magnify the effect of any loss.
Upon conversion to an open-ended investment management company, the common shares would cease to be listed on the NYSE or other national stock exchange, and such common shares would subsequently be redeemable at the time of purchase. NAV at the option of the common shareholder, rather than traded in the secondary market at market price, which, for closed-end fund stocks, can sometimes be greater than the NAV. Any loan or preferred share of the Fund would have to be repaid or redeemed upon conversion and, therefore, a portion of the Fund’s portfolio may need to be liquidated which could result in, among other things, a decrease in current income.
The risks associated with investing in the Fund are described in reports to shareholders and other regulatory documents.
The information presented is not intended to constitute an investment recommendation or advice to any particular person. By providing this information, First Trust does not undertake to give advice in a fiduciary capacity within the meaning of ERISA, the Internal Revenue Code or any other regulatory framework. Financial professionals are responsible for independently assessing investment risks and exercising independent judgment in determining whether investments are appropriate for their clients.
The daily closing price of the Fund on the New York Stock Exchange and the net asset value per share as well as other information is available at www.ftportfolios.com or by calling 1-800-988-5891.