| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers C > Headlines for Confluence Small Cap Value Fund > News item |
First Trust's Confluence Small Cap Value to liquidate class F shares
By Toni Weeks
San Diego, Dec. 14 - First Trust announced changes to the class F and class R3 shares of its Confluence Small Cap Value Fund.
Effective Dec. 15, all class F shares will be liquidated, and no new class F shares will be available for purchase, according to a 497 filing with the Securities and Exchange Commission.
In addition, the total distribution and service fees (12b-1) for class R3 shares will be reduced to 0.5% of the average daily net assets of the shares. The fee is comprised of a 0.25% distribution fee and a 0.25% service fee. Previously, the total distribution and service fees for class R3 shares was 0.75%.
Wheaton, Ill.-based First Trust Advisors LP is the investment adviser to the fund.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.