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First Trust Announces Shareholder Approval of New Investment Sub-Advisory Agreement and “Manager of Managers” Structure for First Trust Smith Opportunistic Fixed Income ETF (FIXD) and First Trust Smith Unconstrained Bond ETF (UCON)

1. FIXD shareholders approved a new investment strategy today. 2. This change may enhance FIXD's future performance.

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FAQ

Why Bullish?

The approval of a new investment strategy can attract more investors to FIXD, similar to past cases where fund changes led to price increases, potentially enhancing liquidity and demand.

How important is it?

The approval of a strategic shift indicates potential growth for FIXD, warranting these scores based on historical trends of improved fund performance post-strategy changes.

Why Long Term?

Changes in investment strategy typically show effects over time as the market adjusts, akin to the long-term positive effects seen with similar ETF adjustments.

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UCON
WHEATON, Ill.--(BUSINESS WIRE)--First Trust Advisors L.P. (“FTA”) announced today that the shareholders of First Trust Smith Opportunistic Fixed Income ETF (formerly known as First Trust TCW Opportunistic Fixed Income ETF) (FIXD) and First Trust Smith Unconstrained Bond ETF (formerly known as First Trust TCW Unconstrained Plus Bond ETF) (UCON) (the “Funds”), each a series of First Trust Exchange-Traded Fund VIII (the “Trust”), have voted to approve for the applicable Fund (1) a new investment s.

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