First Trust Managed Municipal ETF — new fund registration

First Trust Exchange Traded Fund III registered 1 new fund series on Form 485APOS, filed 2013-12-20. Featured series: First Trust Managed Municipal ETF.

Registration

Registrant / trust: First Trust Exchange Traded Fund III
CIK: 0001424212
Form: 485APOS
Filed: 2013-12-20
Accession: 0001445546-13-005465
Reported net assets: $2.0B

Series & classes (1)

Series	Class	Ticker	New
First Trust Managed Municipal ETF	First Trust Managed Municipal ETF	FMB	Yes

Fees (from the effective prospectus)

12b-1 fee: 0.00%
Gross expense ratio: 0.39%
Management fee: 0.39%
Net expense ratio: 0.50%
Other expenses: 0.00%

Investment objective

The First Trust Managed Municipal ETFs (the Fund ) primary investment objective is to generate current income that is exempt from regular federal income taxes and its secondary objective is long term capital appreciation.

Advisers

First Trust Advisors L.P. (Advisor)