First Trust Announces Name Change for First Trust High Yield Long/Short ETF

First Trust Advisors L.P. (“First Trust”) announced today that the Board of Trustees (the “Board”) of First Trust Exchange-Traded Fund IV (the “Trust”), has approved a name change for First Trust High Yield Long/Short ETF (the “Fund”), a series of the Trust. Effective September 4, 2013, the Fund’s name will change to “First Trust Tactical High Yield ETF.” The Fund’s ticker symbol (NASDAQ: HYLS) and CUSIP will not change.

The Fund is an actively managed exchange-traded fund that seeks to provide current income as its primary investment objective. The Fund’s secondary investment objective is to provide capital appreciation. Under normal market conditions, the Fund invests at least 80% of its net assets (plus the amount of any borrowing for investment purposes) in high yield debt securities that are rated below investment grade at the time of purchase or unrated securities deemed by the Fund’s advisor to be of comparable quality.

First Trust has served as the Fund’s investment advisor since the Fund’s inception on February 25, 2013. First Trust along with its affiliate, First Trust Portfolios L.P., are privately-held companies which provide a variety of investment services, including asset management and financial advisory services, with collective assets under management or supervision of approximately $73 billion as of July 31, 2013, through unit investment trusts, exchange-traded funds, closed-end funds, mutual funds and separately managed accounts.

You should consider the investment objectives, risks, charges and expenses of the Fund before investing. The prospectus for the Fund contains this and other important information and is available free of charge by calling toll-free at 1-800-621-1675 or visiting www.ftportfolios.com. A prospectus should be read carefully before investing.

Past performance is no assurance of future results. Principal Risk Factors: A Fund’s shares will change in value, and you could lose money by investing in a Fund. An investment in a Fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency. There can be no assurance that a Fund’s investment objectives will be achieved. An investment in a Fund involves risks similar to those of investing in any portfolio of equity securities traded on exchanges. The risks of investing in each Fund are spelled out in its prospectus, shareholder report, and other regulatory filings.

An actively managed ETF is subject to management risk because it is an actively managed portfolio. In managing such a Fund’s investment portfolio, the portfolio managers will apply investment techniques and risk analyses that may not have the desired result. There can be no guarantee that a Fund will meet its investment objective. The Fund is subject to convertible bonds risk, credit risk, distressed securities risk, high yield securities risk, interest rate risk, loans risk, prepayment risk and short sale risk.

Investors buying or selling Fund shares on the secondary market may incur brokerage commissions. Investors who sell Fund shares may receive less than the share’s net asset value. Unlike shares of open-end mutual funds, investors are generally not able to purchase Fund shares directly from the Fund and individual shares are not redeemable. However, specified large blocks of shares called “creation units” can be purchased from, or redeemed to, the Fund.

The Fund’s daily closing price and net asset value per share as well as other information can be found at www.ftportfolios.com or by calling 1-800-988-5891.

First Trust Advisors L.P.Press Inquiries: Jane Doyle, 630-765-8775Broker Inquiries: Sales Team, 866-848-9727Analyst Inquiries: Stan Ueland, 630-517-7633

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