Rule
Registration Nos. 333-182308 and 811-22717
(the “Trust”)
FIRST TRUST RISING DIVIDEND ACHIEVERS ETF
(the “Fund”)
SUPPLEMENT TO THE FUND’S PROSPECTUS AND SUMMARY PROSPECTUS
JUNE 18, 2024
Notwithstanding anything to the contrary in the Fund’s Prospectus or Summary Prospectus, the Average Annual Total Return table in the section entitled “Annual Total Return” is deleted in its entirety and replaced with the following:
Average Annual Total Returns for the Periods Ended December 31, 2023
| 1 Year | 5 Years | Since Inception |
Inception Date | |
| Return Before Taxes | 20.39% | 16.38% | 12.07% | 1/6/2014 |
| Return After Taxes on Distributions | 19.29% | 15.51% | 11.20% | |
| Return After Taxes on Distributions and Sale of Shares | 12.02% | 12.78% | 9.53% | |
| Nasdaq US Rising Dividend AchieversTM Index (reflects no deduction for fees, expenses or taxes) | 21.07% | 17.02% | 12.66% | |
| Dow Jones U.S. Select DividendTM Index(1) (reflects no deduction for fees, expenses or taxes) | 1.53% | 10.05% | 9.46% | |
| S&P 500® Index (reflects no deduction for fees, expenses or taxes) | 26.29% | 15.69% | 12.18% |
| (1) | The Dow Jones U.S. Select DividendTM Index represents 100 of the United States’ leading stocks by dividend yield. |
PLEASE KEEP
THIS SUPPLEMENT WITH YOUR FUND PROSPECTUS
AND SUMMARY PROSPECTUS FOR FUTURE REFERENCE