Fund Description: First Trust RiverFront Dynamic Developed International ETF is a non-diversified, actively managed exchange-traded fund or Actively Managed ETF which is a separate investment portfolio of the First Trust Exchange-Traded Fund IV, an open-end investment management company. INVESTMENT OBJECTIVE: The First Trust RiverFront Dynamic Developed International ETF seeks to provide capital appreciation. The Fund is an actively managed ETF and does not seek to replicate the performance of a specified Index. Instead, it uses an active investment strategy to seek to meet its investment objective. RiverFront Investment Group, LLC, the Sub-Advisor, subject to the oversight of the Advisor and the Board, has discretion on a daily basis to manage the Fund’s portfolio in accordance with the Fund’s investment objective and investment policies. FUND STRATEGY: Under normal market conditions, the Fund will seek to achieve its investment objective by investing at least 80% of its net assets (including investment borrowings) in a portfolio of equity securities of developed market companies, including through investments in common stock, depositary receipts, and common and preferred shares of real estate investment trusts (REITs), and forward foreign currency exchange contracts and currency spot transactions used to hedge the Fund's exposure to the currencies in which the equity securities of such developed market companies are denominated. The Fund will utilize a dynamic currency hedging strategy through the use of forward foreign currency exchange contracts and currency spot transactions to hedge up to 100% of the Fund's currency exposure. The Fund also may enter into currency spot transactions as part of its dynamic currency hedging strategy. The Fund also may invest up to 20% of its net assets in companies of emerging market countries and forward foreign currency exchange contracts and currency spot transactions used to hedge the Fund's exposure to non-Developed Market currencies as well as any proxy currency hedging transactions involving non-Developed Market currencies determined by the Sub-Advisor to be representative of, and serve as a proxy for, Developed Market currencies. The securities in which the Fund may invest must be listed on a U.S. or non-U.S. securities exchange and may invest in small, mid and large capitalization companies. The Sub-Advisor assembles a portfolio of eligible securities based on several core attributes, including, value, quality and momentum. The Sub-Advisor will consider multiple factors within each core attribute, such as the price-to-book value of a security when determining value and a company's cash as a percentage of the company's market capitalization when determining quality. The Sub-Advisor then assigns each qualifying security a score with the highest scores for investment. FUND MANAGEMENT: First Trust Advisors L.P. serves as investment advisor to the Fund. RiverFront Investment Group, LLC (RIG) serves as the Sub-Advisor to the Fund.