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
|
|
Distribution
and Service (12b-1) Fees
|
|
Other
Expenses(1)
|
|
Total Annual
Fund Operating Expenses
|
|
1
Year
|
3
Years
|
5
Years
|
10
Years
|
$ |
$ |
$ |
$ |
|
|
Average
Annual |
Cumulative |
|
1
Year |
Inception
(2/4/2020) |
Inception
(2/4/2020) |
Fund
Performance |
|
|
|
Net Asset
Value |
0.46% |
-1.55% |
-2.30% |
Market
Price |
0.41% |
-1.59% |
-2.35% |
Index
Performance |
|
|
|
Hedge Fund
Research Merger Arbitrage Index |
8.00% |
4.43% |
6.65% |
S&P
500®
Index |
36.45% |
23.43% |
36.70% |
|
Year
Ended July 31, |
Period
Ended
7/31/2020
(a)
|
|
2021 | |
Net
asset value, beginning of period |
$19.46 |
$20.01 |
Income
from investment operations: |
|
|
Net
investment income (loss) |
(0.26) |
(0.07) |
Net
realized and unrealized gain (loss) |
0.35 |
(0.48) |
Total from
investment operations |
0.09 |
(0.55) |
Net
asset value, end of period |
$19.55 |
$19.46 |
Total
Return(b) |
0.46% |
(2.75)% |
Ratios/supplemental
data: |
|
|
Net
assets, end of period (in 000’s) |
$10,752 |
$12,649 |
Ratios
to average net assets: |
|
|
Ratio of
total expenses to average net assets |
2.23% |
(c)2.30% |
Ratio of
total expenses to average net assets excluding dividend expense and margin
interest
expense |
1.25% |
(c)1.25% |
Ratio of
net investment income (loss) to average net assets |
(1.15)% |
(c)(1.71)% |
Portfolio
turnover rate (d)
|
280% |
137% |
First
Trust
Exchange-Traded
Fund III |