Rule 497(k)
File No. 333-176976
First Trust
Exchange-Traded Fund III
|
Ticker Symbol:
|
FUMB
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Exchange:
|
NYSE Arca, Inc.
|
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price)
|
None
|
Management Fees
|
0.45%
|
Distribution and Service (12b-1) Fees
|
0.00%
|
Other Expenses
|
0.00%
|
Total Annual Fund Operating Expenses
|
0.45%
|
Fee Waiver(1)
|
0.20%
|
Total Annual Fund Operating Expenses After Fee Waiver
|
0.25%
|
1 Year
|
3 Years
|
5 Years
|
10 Years
|
$26
|
$124
|
$232
|
$547
|
Best Quarter
|
|
Worst Quarter
|
|
0.88%
|
June 30, 2020
|
-0.06%
|
March 31, 2020
|
|
1 Year
|
Since
Inception
|
Inception
Date
|
Return Before Taxes
|
1.40%
|
1.70%
|
11/1/2018
|
Return After Taxes on Distributions
|
1.01%
|
1.15%
|
|
Return After Taxes on Distributions and Sale of Fund Shares
|
0.83%
|
1.06%
|
|
Bloomberg Municipal Short-Term Index (reflects no deduction for fees, expenses or
taxes)
|
1.00%
|
1.46%
|
|