Rule 497(k)
File No. 333-176976
First Trust
Exchange-Traded Fund III
|
Ticker Symbol:
|
FCAL
|
Exchange:
|
The Nasdaq Stock Market LLC
|
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price)
|
None
|
Management Fees
|
0.65%
|
Distribution and Service (12b-1) Fees
|
0.00%
|
Other Expenses
|
0.00%
|
Total Annual Fund Operating Expenses
|
0.65%
|
1 Year
|
3 Years
|
5 Years
|
10 Years
|
$66
|
$208
|
$362
|
$810
|
|
Return
|
Period Ended
|
Best Quarter
|
3.89%
|
December 30, 2022
|
Worst Quarter
|
-6.37%
|
March 31, 2022
|
Year-to-Date
|
-0.62%
|
September 30, 2023
|
|
1 Year
|
5 Years
|
Since
Inception
|
Inception
Date
|
Return Before Taxes
|
-9.40%
|
1.46%
|
1.91%
|
6/20/2017
|
Return After Taxes on Distributions
|
-10.26%
|
0.45%
|
0.88%
|
|
Return After Taxes on Distributions and Sale of Fund Shares
|
-5.56%
|
0.70%
|
1.03%
|
|
Bloomberg 10 Year California Exempt Index (reflects no deduction for
fees, expenses or taxes)
|
-6.52%
|
1.52%
|
1.51%
|
|
Bloomberg Municipal Bond Index (reflects no deduction for fees,
expenses or taxes)
|
0.93%
|
1.87%
|
1.73%
|
|
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