First
Trust
Exchange-Traded
Fund III |
Ticker
Symbol: |
MARB |
Exchange: |
NYSE
Arca |
Maximum
Sales Charge (Load) Imposed on Purchases (as a percentage of offering
price) |
|
Management
Fees(1) |
|
Distribution
and Service (12b-1) Fees |
|
Other
Expenses(2) |
|
Total Annual
Fund Operating Expenses |
|
1
Year |
3
Years |
5
Years |
10
Years |
$ |
$ |
$ |
$ |
|
|
|
|
|
|
|
|
|
1
Year |
Since
Inception |
Inception
Date |
Return Before
Taxes |
|
- |
|
Return After
Taxes on Distributions |
|
- |
|
Return After
Taxes on Distributions and Sale of Fund Shares |
|
- |
|
Hedge Fund
Research Merger Arbitrage Index (reflects no deduction for fees,
expenses or
taxes) |
|
|
|
S&P
500® Index
(reflects no deduction for fees, expenses or taxes) |
|
|
|
|
|
Average
Annual |
Cumulative |
|
1
Year |
Inception
(2/4/2020) |
Inception
(2/4/2020) |
Fund
Performance |
|
|
|
Net Asset
Value |
2.35% |
0.00% |
0.00% |
Market
Price |
2.46% |
0.02% |
0.05% |
Index
Performance |
|
|
|
Hedge Fund
Research Merger Arbitrage Index |
-1.16% |
2.15% |
5.42% |
S&P
500®
Index |
-4.64% |
11.26% |
30.35% |
|
Year
Ended July 31, |
Period
Ended
7/31/2020
(a)
| |
|
2022 |
2021 | |
Net
asset value, beginning of period |
$19.55 |
$19.46 |
$20.01 |
Income
from investment operations: |
|
|
|
Net
investment income (loss) |
(0.24)
(b) |
(0.26) |
(0.07) |
Net
realized and unrealized gain (loss) |
0.70 |
0.35 |
(0.48) |
Total
from investment operations |
0.46 |
0.09 |
(0.55) |
Net
asset value, end of period |
$20.01 |
$19.55 |
$19.46 |
Total
Return(c) |
2.35% |
0.46% |
(2.75)% |
Ratios/supplemental
data: |
|
|
|
Net
assets, end of period (in 000’s) |
$44,031 |
$10,752 |
$12,649 |
Ratios
to average net assets: |
|
|
|
Ratio of
total expenses to average net assets |
1.87% |
2.23% |
2.30%(d) |
Ratio of
total expenses to average net assets excluding dividend expense and margin
interest
expense |
1.25% |
1.25% |
1.25%(d) |
Ratio of
net investment income (loss) to average net assets |
(1.23)% |
(1.15)% |
(1.71)%(d) |
Portfolio
turnover rate (e) |
246% |
280% |
137% |
First
Trust
Exchange-Traded
Fund III |