First Trust Canada Launches New Enhanced Income ETF on Cboe Canada

Toronto | November 5, 2024 – Today, Cboe Canada Inc. (“Cboe Canada”) is proud to announce the launch of a new ETF from FT Portfolios Canada Co. (“First Trust Canada”). Now trading on Cboe Canada under the symbol SDVD, the First Trust Vest SMID Rising Dividend Achievers Target Income ETF offers access to enhanced income strategies and exposure to small and mid-capitalization U.S. listed equities. 

SDVD aims to provide current income, as well as long term capital growth, by investing primarily in companies included in the Nasdaq US Small Mid Cap Rising Dividend AchieversTM Index as well as listed options on the Russell 2000® Index, or ETFs tracking the Russell 2000® Index. The Fund will seek to achieve its investment objectives by investing all or substantially all of its assets in FT Vest SMID Rising Dividend Achievers Target Income ETF , a U.S.-listed ETF which is managed by an affiliate of First Trust Canada that has substantially similar investment objectives as the Fund. 

“We at First Trust Canada are very excited to announce the launch of this new ETF. Continuing with our goal of providing Canadians with relevant and timely investment strategies, the launch of SDVD follows the very successful launch of its sister ETF, SDVY. Similar to SDVY, this ETF provides investors access to quality dividend paying US small and medium cap companies but with the enhanced feature of income” said Nilesh Patel, Head of Distribution at First Trust Canada. 

SDVD joins five First Trust ETFs already listed on Cboe Canada. Investors can trade units of First Trust Canada ETFs through their usual investment channels, including discount brokerage platforms and full-service dealers.    

“We are pleased to welcome SDVD to Cboe Canada,” added Rob Marrocco, Global Head of ETF Listings at Cboe Global Markets. “Thank you to First Trust Canada for their continued trust and partnership.” 

Cboe Canada is home to ETFs from Canada’s largest ETF issuers, Canadian Depositary Receipts (CDRs), and some of the most innovative Canadian and international growth companies. Cboe consistently facilitates 15% of all volume traded in Canadian listed securities. Click here for a complete view of all Cboe-listed securities. 

About Cboe Canada  

Cboe Canada is Canada’s Tier 1 stock exchange providing a best-in-class listing experience for issuers that are shaping the economies of tomorrow. Fully operational since 2015, Cboe Canada lists investment products and companies seeking an internationally recognized stock exchange that enables investor trust, quality liquidity, and broad awareness including unfettered access to market data. 

Cboe Canada is part of the Cboe Global Markets network, leveraging deep international expertise, industry-leading market intelligence and technology, and unparalleled service to deliver what stakeholders and the world need now, and for the future. 

Cboe powers ETF Market Canada, a user-friendly platform providing investors and advisors with one-stop access to ETF research and analysis. Real-time, institutional-grade data allows users to compare, contrast, and explore the entire universe of 1,200+ Canadian ETFs, free of charge.   

Connect with Cboe Canada: Website | LinkedIn | X | Instagram | Facebook    

About First Trust Canada 

First Trust Canada is the trustee, manager and promoter of the fund. First Trust Canada and its affiliates First Trust Advisors L.P. (“FTA”), portfolio advisor to the fund, an Ontario Securities Commission registered portfolio manager and U.S. Securities and Exchange Commission registered investment advisor, and First Trust Portfolios L.P., a FINRA registered broker-dealer, are privately held companies that provide a variety of investment services. FTA has collective assets under management or supervision of approximately U.S.$245 billion as of September 30, 2024, through unit investment trusts, exchange-traded funds, closed-end funds, mutual funds and separate managed accounts.  

Connect with First Trust Canada:  Website | LinkedIn | X | Facebook 

Cboe Canada Media Contact: 
[email protected]