First Trust California Municipal High Income ETF — new fund registration

First Trust Exchange-Traded Fund III registered 1 new fund series on Form 485APOS, filed 2017-03-24. Featured series: First Trust California Municipal High Income ETF.

Registration

Registrant / trust: First Trust Exchange-Traded Fund III
CIK: 0001424212
Form: 485APOS
Filed: 2017-03-24
Accession: 0001445546-17-001553
Reported net assets: $204.6M

Series & classes (1)

Series	Class	Ticker	New
First Trust California Municipal High Income ETF	First Trust California Municipal High Income ETF	FCAL	Yes

Fees (from the effective prospectus)

12b-1 fee: 0.00%
Gross expense ratio: 0.65%
Management fee: 0.65%
Net expense ratio: 0.50%
Other expenses: 0.00%

Investment objective

The First Trust California Municipal High Income ETFs (the Fund ) primary investment objective is to seek to provide current income that is exempt from regular federal income taxes and California income taxes, and its secondary objective is long-term capital appreciation.

Advisers

First Trust Advisors L.P. (Advisor)