Rule 497(k)
File No. 333-125751
First Trust
Exchange-Traded Fund
|
Ticker Symbol:
|
BGLD
|
Exchange:
|
Cboe BZX Exchange, Inc.
|
Management Fees
|
0.90%
|
Distribution and Service (12b-1) Fees
|
0.00%
|
Other Expenses
|
0.00%
|
Acquired Fund Fees and Expenses
|
0.01%
|
Total Annual Fund Operating Expenses
|
0.91%
|
1 Year
|
3 Years
|
5 Years
|
10 Years
|
$93
|
$290
|
$504
|
$1,120
|
You should only consider this investment if:
|
You should not consider this investment if:
|
•you fully understand the risks inherent in an investment in the
Fund;
|
•you do not fully understand the risks inherent in an investment
in the Fund;
|
•you desire to invest in a product with a return that depends
upon the performance of the Underlying ETF over the Target
Outcome Period;
|
•you do not desire to invest in a product with a return that
depends upon the performance of the Underlying ETF over the
Target Outcome Period;
|
•you are willing to hold shares for the duration of the Target
Outcome Period in order to achieve the outcomes that the
Fund seeks to provide;
|
•you are unwilling to hold shares for the duration of the Target
Outcome Period in order to achieve the outcomes that the
Fund seeks to provide;
|
•you fully understand that investments made when the Fund is
at or near to the cap may have limited to no upside;
|
•you do not fully understand that investments made when the
Fund is at or near to the cap may have limited to no upside;
|
•you are willing to forgo any gains in excess of the cap;
|
•you are unwilling to forgo any gains in excess of the cap;
|
•you are not seeking an investment that provides dividends to
shareholders;
|
•you are seeking an investment that provides dividends to
shareholders;
|
•you fully understand that investments made after the Target
Outcome Period has begun may not fully benefit from the
buffer;
|
•you do not fully understand that investments made after the
Target Outcome Period has begun may not fully benefit from
the buffer;
|
•you are willing to accept the risk of losing your entire
investment; and
|
•you are unwilling to accept the risk of losing your entire
investment; and
|
•you have visited the Fund’s website and understand the
investment outcomes available to you based upon the time of
your purchase.
|
•you have not visited the Fund’s website and do not understand
the investment outcomes available to you based upon the
timing of your purchase.
|
|
Return
|
Period Ended
|
Best Quarter
|
10.04%
|
December 31, 2023
|
Worst Quarter
|
-5.94%
|
September 30, 2022
|
|
1 Year
|
Since
Inception
|
Inception
Date
|
Return Before Taxes
|
13.15%
|
1.53%
|
1/20/2021
|
Return After Taxes on Distributions
|
8.69%
|
0.10%
|
|
Return After Taxes on Distributions and Sale of Fund Shares
|
7.74%
|
0.56%
|
|
LBMA Gold Price (reflects no deduction for fees, expenses or taxes)
|
14.59%
|
3.91%
|
|
S&P 500® Index (reflects no deduction for fees, expenses or taxes)
|
26.29%
|
9.25%
|
|
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