First Trust Overhauls International ETF With Active Factor Strategy

First Trust will rename the First Trust RiverFront Dynamic Developed International ETF to the First Trust Active Factor International ETF (AFDM) on or around September 14, 2026. The fund will abandon its dynamic currency-hedged international strategy in favor of an actively managed, multi-factor approach targeting value, momentum, quality, and low volatility across developed international equities. The changes also include a new 80% investment policy, a reduced 0.80% management fee, a new portfolio management team from the First Trust Investment Committee, and the removal of the external sub-advisor.