First Trust Exchange Traded Fund IV

11/18/2024 | Press release | Distributed by Public on 11/18/2024 08:52

Prospectus by Investment Company - Form 497

EDGAR HTML

Rule 497(e)
Registration Nos. 333-174332 and 811-22559

FIRST TRUSTEXCHANGE-TRADED FUND IV

(the "Trust")

FIRST TRUST LIMITED DURATION INVESTMENT GRADE CORPORATE ETF

(the "Fund")

SUPPLEMENT TO THE FUND'S PROSPECTUS AND

STATEMENT OF ADDITIONAL INFORMATION

November 18, 2024

1. Notwithstanding anything to the contrary in the Fund's prospectus, effective as of the date set forth above, the first sentence of the final paragraph of the section entitled "Principal Investment Strategies" is hereby deleted in its entirety.
2. Notwithstanding anything to the contrary in the Fund's prospectus, effective as of the date set forth above, the risk factor "Non-Diversification Risk" set forth in the section entitled "Principal Risks" is hereby deleted in its entirety.
3. Notwithstanding anything to the contrary in the Fund's prospectus, effective as of the date set forth above, the risk factor "Non-Diversification Risk" set forth in the section entitled "Risks of Investing in the Fund - Principal Risks" is hereby deleted in its entirety.
4. Notwithstanding anything to the contrary in the Fund's statement of additional information, effective as of the date set forth above, the final sentence of the first paragraph set forth in the section entitled "General Description of the Trust and the Fund" is hereby deleted in its entirety and replaced with the following:

This SAI relates to the Fund, which is a diversified series.

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PLEASE KEEP THIS SUPPLEMENT WITH YOUR FUND'S PROSPECTUS AND
STATEMENT OF ADDITIONAL INFORMATION FOR FUTURE REFERENCE