First
Trust
Exchange-Traded
Fund III |
Ticker
Symbol: |
FCAL
|
Exchange:
|
Nasdaq |
Maximum
Sales Charge (Load) Imposed on Purchases (as a percentage of offering
price)
|
|
Management
Fees
|
|
Distribution
and Service (12b-1) Fees
|
|
Other
Expenses
|
|
Total
Annual Fund Operating Expenses
|
|
Fee
Waiver(1)
|
|
Total
Annual Fund Operating Expenses After Fee Waiver
|
|
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
|
|
|
|
Bloomberg
Barclays 10 Year California Exempt Index (reflects no deduction for
fees,
expenses or taxes)
|
|
|
|
|
|
Average
Annual |
Cumulative
|
|
1 Year
|
Inception
(6/20/2017)
|
Inception
(6/20/2017)
|
Fund
Performance
|
|
|
|
Net Asset
Value |
6.37% |
5.14% |
22.91% |
Market
Price |
6.45% |
5.16% |
22.97% |
Index
Performance
|
|
|
|
Bloomberg
10 Year California Exempt Index |
1.76% |
3.83% |
16.72% |
|
Year
Ended July 31, |
Period
Ended
7/31/2017(a)
| |||
|
2021 |
2020 |
2019 |
2018 | |
Net
asset value, beginning of period |
$53.16 |
$52.70 |
$50.11 |
$50.14 |
$50.00 |
Income
from investment operations: |
|
|
|
|
|
Net
investment income (loss) |
1.16 |
1.17 |
1.49 |
1.45 |
0.10 |
Net
realized and unrealized gain (loss) |
(b)2.19 |
0.51 |
2.60 |
(0.04) |
0.14 |
Total from
investment operations |
3.35 |
1.68 |
4.09 |
1.41 |
0.24 |
Distributions
paid to shareholders from: |
|
|
|
|
|
Net
investment income |
(1.14) |
(1.17) |
(1.50) |
(1.40) |
(0.10) |
Net
realized gain |
— |
— |
— |
(0.04) |
— |
Return of
capital |
— |
(0.05) |
— |
— |
(c)(0.00)
|
Total
Distributions |
(1.14) |
(1.22) |
(1.50) |
(1.44) |
(0.10) |
Net
asset value, end of period |
$55.37 |
$53.16 |
$52.70 |
$50.11 |
$50.14 |
Total
Return (d) |
(b)6.37% |
3.23% |
8.32% |
2.83% |
0.50% |
Ratios/supplemental
data: |
|
|
|
|
|
Net
assets, end of period (in 000’s) |
$105,199 |
$87,706 |
$34,257 |
$17,539 |
$10,029 |
Ratios
to average net assets: |
|
|
|
|
|
Ratio of
total expenses to average net assets |
0.65% |
0.65% |
0.65% |
0.65% |
(e)0.65%
|
Ratio of
net expenses to average net assets |
0.50% |
0.50% |
0.50% |
0.50% |
(e)0.50%
|
Ratio of
net investment income (loss) to average net assets |
2.16% |
2.28% |
3.01% |
2.97% |
(e)1.74%
|
Portfolio
turnover rate (f)
|
25% |
81% |
69% |
91% |
22% |
First
Trust
Exchange-Traded
Fund III |