Rule 497(k)
File No. 333-176976
First Trust
Exchange-Traded Fund III
|
Ticker Symbol:
|
FSMB
|
Exchange:
|
NYSE Arca, Inc.
|
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price)
|
None
|
Management Fees
|
0.55%
|
Distribution and Service (12b-1) Fees
|
0.00%
|
Other Expenses
|
0.00%
|
Total Annual Fund Operating Expenses
|
0.55%
|
1 Year
|
3 Years
|
5 Years
|
10 Years
|
$56
|
$176
|
$307
|
$689
|
|
Return
|
Period Ended
|
Best Quarter
|
2.63%
|
June 30, 2020
|
Worst Quarter
|
-3.39%
|
March 31, 2022
|
Year-to-Date
|
0.05%
|
September 30, 2023
|
|
1 Year
|
Since
Inception
|
Inception
Date
|
Return Before Taxes
|
-3.84%
|
1.36%
|
11/1/2018
|
Return After Taxes on Distributions
|
-4.41%
|
0.67%
|
|
Return After Taxes on Distributions and Sale of Fund Shares
|
-2.27%
|
0.75%
|
|
Bloomberg Municipal Short (1-5) Year Index (reflects no deduction for fees, expenses
or taxes)
|
-3.17%
|
1.13%
|
|
Bloomberg Municipal Bond Index (reflects no deduction for fees, expenses or taxes)
|
0.93%
|
2.20%
|
|
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