First Trust Exchange-Traded Fund V

07/31/2026 | Press release | Distributed by Public on 07/31/2026 11:17

Summary Prospectus by Investment Company (Form 497K)

Rule 497(k)
Registration Nos. 333-181507 and 811-22709

First Trust EXCHANGE-TRADED FUND V

(the "Trust")

FIRST TRUST MANAGED FUTURES 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 V published this content on July 31, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on July 31, 2026 at 17:17 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 If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]