First Trust Exchange-Traded Fund VII

07/31/2026 | Press release | Distributed by Public on 07/31/2026 11:26

Prospectus by Investment Company (Form 497)

Rule 497(e)

Registration Nos. 333-184918 and 811-22767

First Trust Exchange-Traded Fund VII

(the "Trust")

First Trust Global Tactical Commodity Strategy Fund

(the "Fund")

Supplement to the Fund's Summary Prospectus, Prospectus and
Statement of Additional Information

July 31, 2026

The Board of Trustees of the Trust, on behalf of the Fund, approved a change to the Fund's fiscal year-end from December 31 to September 30, effective starting on or about July 31, 2026.

The Fund's investment objective, strategies, risks, and all other policies will remain unchanged.

Please Keep this Supplement for Future Reference

First Trust Exchange-Traded Fund VII published this content on July 31, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on July 31, 2026 at 17:26 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]