Rule 497(k)
File No. 333-125751
First Trust
Exchange-Traded Fund
|
Ticker Symbol:
|
MISL
|
Exchange:
|
NYSE Arca, Inc.
|
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price)
|
None
|
Management Fees
|
0.60%
|
Distribution and Service (12b-1) Fees
|
0.00%
|
Other Expenses
|
0.00%
|
Total Annual Fund Operating Expenses
|
0.60%
|
1 Year
|
3 Years
|
5 Years
|
10 Years
|
$61
|
$192
|
$335
|
$750
|
|
Return
|
Period Ended
|
Best Quarter
|
17.30%
|
December 31, 2023
|
Worst Quarter
|
-6.27%
|
September 30, 2023
|
|
1 Year
|
Since
Inception
|
Inception
Date
|
Return Before Taxes
|
14.88%
|
19.38%
|
10/25/2022
|
Return After Taxes on Distributions
|
14.57%
|
19.07%
|
|
Return After Taxes on Distributions and Sale of Fund Shares
|
8.80%
|
14.68%
|
|
Indxx US Aerospace & Defense Index (reflects no deduction for fees, expenses or
taxes)
|
15.57%
|
20.03%
|
|
S&P 500® Index (reflects no deduction for fees, expenses or taxes)
|
26.29%
|
21.65%
|
|
S&P Composite 1500® Aerospace & Defense Index (reflects no deduction for fees,
expenses or taxes)
|
8.69%
|
15.60%
|
|
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