Rule 497(k)
File No. 333-125751
First Trust
Exchange-Traded Fund
|
Ticker Symbol:
|
FVD
|
Exchange:
|
NYSE Arca, Inc.
|
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price)
|
None
|
Management Fees(1)
|
0.48%
|
Distribution and Service (12b-1) Fees
|
0.00%
|
Other Expenses
|
0.12%
|
Total Annual Fund Operating Expenses
|
0.60%
|
Fee Waiver and Expense Reimbursement(2)
|
0.00%
|
Total Annual Fund Operating Expenses After Fee Waiver and Expense Reimbursement
|
0.60%
|
1 Year
|
3 Years
|
5 Years
|
10 Years
|
$61
|
$192
|
$335
|
$750
|
|
Return
|
Period Ended
|
Best Quarter
|
12.32%
|
December 31, 2022
|
Worst Quarter
|
-22.54%
|
March 31, 2020
|
|
1 Year
|
5 Years
|
10 Years
|
Since
Inception
|
Inception
Date
|
Return Before Taxes
|
4.10%
|
9.29%
|
9.08%
|
9.20%
|
8/19/2003
|
Return After Taxes on Distributions
|
3.10%
|
8.30%
|
8.04%
|
7.82%
|
|
Return After Taxes on Distributions and Sale of Fund Shares
|
2.41%
|
6.86%
|
6.85%
|
7.04%
|
|
Value Line® Dividend Index(1),(2) (reflects no deduction for
fees, expenses or taxes)
|
4.85%
|
10.16%
|
9.95%
|
N/A
|
|
S&P 500® Index (reflects no deduction for fees, expenses
or taxes)
|
26.29%
|
15.69%
|
12.03%
|
10.11%
|
|
S&P 500® Value Index (reflects no deduction for fees,
expenses or taxes)
|
22.23%
|
14.11%
|
10.01%
|
9.01%
|
|
Dow Jones U.S. Select Dividend IndexSM(2) (reflects no
deduction for fees, expenses or taxes)
|
1.53%
|
10.05%
|
9.26%
|
N/A
|
|
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