First Trust Exchange Traded Fund IV

10/23/2026 | Press release | Distributed by Public on 10/23/2026 08:49

Summary Prospectus by Investment Company (Form 497K)

Rule 497(k)

Registration Nos. 333-174332 and 811-22559

First Trust Exchange-Traded Fund IV

(the "Trust")

FT Vest S&P 500® Dividend Aristocrats Target Income ETF®

FT Vest Growth Strength & Target Income ETF

FT Vest Rising Dividend Achievers Target Income ETF

(each, a "Fund")

Supplement To each Fund's Prospectus and Summary Prospectus

Dated October 23, 2026

Notwithstanding anything to the contrary in each Fund's prospectus or summary prospectus, for purposes of each Fund's stated target annual distribution rate, the Funds consider the current annual forward dividend yield of the S&P 500® Index.

Please Keep this Supplement with your Fund Prospectus

and Summary Prospectus for Future Reference

First Trust Exchange Traded Fund IV published this content on October 23, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on October 23, 2026 at 14:51 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 If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]