Rule 497(k)
File No. 333-125751
First Trust
Exchange-Traded Fund
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Ticker Symbol:
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BGLD
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Exchange:
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Cboe BZX Exchange, Inc.
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Management Fees
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0.90%
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Distribution and Service (12b-1) Fees
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0.00%
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Other Expenses
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0.00%
|
Acquired Fund Fees and Expenses
|
0.01%
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Total Annual Fund Operating Expenses
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0.91%
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1 Year
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3 Years
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5 Years
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10 Years
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$93
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$290
|
$504
|
$1,120
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You should only consider this investment if:
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You should not consider this investment if:
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•you fully understand the risks inherent in an investment in the
Fund;
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•you do not fully understand the risks inherent in an investment
in the Fund;
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•you desire to invest in a product with a return that depends
upon the performance of the Underlying ETF over the Target
Outcome Period;
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•you do not desire to invest in a product with a return that
depends upon the performance of the Underlying ETF over the
Target Outcome Period;
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•you are willing to hold shares for the duration of the Target
Outcome Period in order to achieve the outcomes that the
Fund seeks to provide;
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•you are unwilling to hold shares for the duration of the Target
Outcome Period in order to achieve the outcomes that the
Fund seeks to provide;
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•you fully understand that investments made when the Fund is
at or near to the cap may have limited to no upside;
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•you do not fully understand that investments made when the
Fund is at or near to the cap may have limited to no upside;
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•you are willing to forgo any gains in excess of the cap;
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•you are unwilling to forgo any gains in excess of the cap;
|
•you are not seeking an investment that provides dividends to
shareholders;
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•you are seeking an investment that provides dividends to
shareholders;
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•you fully understand that investments made after the Target
Outcome Period has begun may not fully benefit from the
buffer;
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•you do not fully understand that investments made after the
Target Outcome Period has begun may not fully benefit from
the buffer;
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•you are willing to accept the risk of losing your entire
investment; and
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•you are unwilling to accept the risk of losing your entire
investment; and
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•you have visited the Fund’s website and understand the
investment outcomes available to you based upon the time of
your purchase.
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•you have not visited the Fund’s website and do not understand
the investment outcomes available to you based upon the
timing of your purchase.
|
Best Quarter
|
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Worst Quarter
|
|
7.10%
|
December 31, 2022
|
-5.94%
|
September 30, 2022
|
|
1 Year
|
Since
Inception
|
Inception
Date
|
Return Before Taxes
|
-2.41%
|
-3.97%
|
1/20/2021
|
Return After Taxes on Distributions
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-2.57%
|
-4.05%
|
|
Return After Taxes on Distributions and Sale of Fund Shares
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-1.43%
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-3.05%
|
|
LBMA Gold Price (reflects no deduction for fees, expenses or taxes)
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-0.43%
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-1.18%
|
|
S&P 500® Index - Price Return (reflects no deduction for fees, expenses or taxes)
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-19.44%
|
-0.16%
|
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