Rule 497(k)
File No. 333-176976
First Trust
Exchange-Traded Fund III
|
Ticker Symbol:
|
FMNY
|
Exchange:
|
NYSE Arca, Inc.
|
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
|
4.19%
|
December 30, 2022
|
Worst Quarter
|
-7.83%
|
March 31, 2022
|
Year-to-Date
|
-1.17%
|
September 30, 2023
|
|
1 Year
|
Since
Inception
|
Inception
Date
|
Return Before Taxes
|
-11.00%
|
-5.90%
|
5/12/2021
|
Return After Taxes on Distributions
|
-11.84%
|
-6.61%
|
|
Return After Taxes on Distributions and Sale of Fund Shares
|
-6.51%
|
-4.76%
|
|
Bloomberg Municipal New York 12-17 Years Index (reflects no deduction for fees,
expenses or taxes)
|
-8.88%
|
-4.85%
|
|
Bloomberg Municipal Bond Index (reflects no deduction for fees, expenses or taxes)
|
0.93%
|
-2.18%
|
|
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