Rule 497(k)
File No. 333-184918
First Trust
Exchange-Traded Fund VII
|
Ticker Symbol:
|
FAAR
|
Exchange:
|
The Nasdaq Stock Market LLC
|
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price)
|
None
|
Management Fees
|
0.95%
|
Distribution and Service (12b-1) Fees
|
0.00%
|
Other Expenses
|
0.00%
|
Total Annual Fund Operating Expenses
|
0.95%
|
1 Year
|
3 Years
|
5 Years
|
10 Years
|
$97
|
$303
|
$525
|
$1,166
|
Best Quarter
|
|
Worst Quarter
|
|
6.94%
|
March 31, 2021
|
-7.63%
|
December 31, 2018
|
|
1 Year
|
5 Years
|
Since
Inception
|
Inception
Date
|
Return Before Taxes
|
13.49%
|
2.97%
|
1.68%
|
5/18/2016
|
Return After Taxes On Distributions
|
10.67%
|
1.83%
|
0.67%
|
|
Return After Taxes on Distributions and Sale of Fund Shares
|
7.99%
|
1.78%
|
0.84%
|
|
3 Month U.S. Treasury Bills + 3% (reflects no deduction for fees,
expenses or taxes)
|
3.10%
|
4.23%
|
4.14%
|
|
Bloomberg Commodity Index (reflects no deduction for fees, expenses
or taxes)
|
27.11%
|
3.66%
|
3.74%
|
|
S&P 500® Index (reflects no deduction for fees, expenses or taxes)
|
28.71%
|
18.47%
|
18.41%
|
|
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