Definitive Materials Filed by Investment Companies. (497)
March 14 2022 - 3:31PM
Edgar (US Regulatory)
Rule 497(e)
Registration Nos. 333-184918 and 811-22767
First Trust
Exchange-Traded AlphaDEX® Fund
First Trust Exchange-Traded
AlphaDEX® Fund II
First Trust Exchange-Traded
Fund
First Trust Exchange-Traded
Fund II
First Trust Exchange-Traded
Fund III
First Trust Exchange-Traded
Fund IV
First Trust Exchange-Traded
Fund V
First Trust Exchange-Traded
Fund VI
First Trust Exchange-Traded
Fund VII
First Trust Exchange-Traded
Fund VIII
First Trust Series Fund
First Trust Variable
Insurance Trust
(the
“Trusts,” and each series of the Trusts, a “Fund”)
Supplement To
each Fund’s Statement of Additional Information
March 14,
2022
Notwithstanding anything to the contrary
in each Fund’s Statement of Additional Information, the following disclosure is added to the section entitled “Investment
Risks” in each Fund’s Statement of Additional Information:
Additional Market Disruption Risk
In February 2022, Russia commenced a military
attack on Ukraine. In response, various countries, including the United States, issued broad-ranging sanctions on Russia and certain
Russian companies and individuals. The hostilities between the two countries may escalate and any existing or future sanctions could
have a severe adverse effect on Russia’s economy, currency, companies and region as well as negatively impact other regional and
global economic markets of the world (including Europe and the United States), companies in such countries and various sectors, industries
and markets for securities and commodities globally, such as oil and natural gas. Accordingly, the hostilities and sanctions may
have a negative effect on a Fund’s investments and performance beyond any direct exposure to Russian issuers or those of adjoining
geographic regions. Russia may also take retaliatory actions or countermeasures, such as cyberattacks and espionage, which may negatively
impact the countries and companies in which a Fund may invest. The extent and duration of the military action or future escalation
of such hostilities; the extent and impact of existing and any future sanctions, market disruptions and volatility; and the result of
any diplomatic negotiations cannot be predicted. These and any related events could have a significant negative impact on certain
of a Fund’s investments as well as a Fund’s performance, and the value or liquidity of certain securities held by a Fund may
decline significantly.
Please Keep
this Supplement with your Fund
Statement of Additional Information for Future Reference
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