Rule 497(k)
File No. 333-184918
First Trust
Exchange-Traded Fund VII
|
Ticker Symbol:
|
FTGC
|
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
|
|
14.44%
|
March 31, 2014
|
-23.28%
|
March 31, 2020
|
|
1 Year
|
5 Years
|
Since
Inception
|
Inception
Date
|
Return Before Taxes
|
28.09%
|
4.44%
|
-2.02%
|
10/22/2013
|
Return After Taxes On Distributions
|
24.57%
|
3.61%
|
-2.49%
|
|
Return After Taxes on Distributions and Sale of Fund Shares
|
16.63%
|
3.07%
|
-1.71%
|
|
Bloomberg Commodity Index (reflects no deduction for fees, expenses
or taxes)
|
27.11%
|
3.66%
|
-2.38%
|
|
S&P GSCI® Total Return Index (reflects no deduction for fees, expenses
or taxes)
|
40.35%
|
2.80%
|
-6.60%
|
|
S&P 500® Index (reflects no deduction for fees, expenses or taxes)
|
28.71%
|
18.47%
|
15.20%
|
|