Key Investor Information This document provides you with key investor information about this fund. It is not marketing material. The information is required by law to help you understand the nature and the risks of investing in this fund. You are advised to read it so you can make an informed decision about whether to invest. First Trust Vest U.S. Equity Buffer UCITS ETF - January A sub-fund of First Trust Global Funds plc (the "Company") First Trust Global Portfolios Management Limited is the manager of the Company (the "Manager") ISIN: IE000MDKBOB3 Share class: Class A USD ACCObjective and Investment Policy Objective: The Fund seeks to provide investors with returns (before fees, expenses Outcome Period. On the first day of each new Target Outcome Period, the fund and taxes) that match the price returns of the S&P 500 Index (the “Index”), up to a resets by investing in a new set of FLEX Options that will provide a new cap for the predetermined upside cap, while providing a buffer (before fees and expenses) new Target Outcome Period. This means that a fund’s Upside Cap is likely to change against the first 10% of Index losses (the “Buffer”), over a specified approximatelyfor each Target Outcome Period based upon prevailing market conditions at the one-year time period (the “Target Outcome Period”). beginning of each Target Outcome Period. The current Upside Cap will be available Investment Policy:The Fund intends to pursue an actively managed investment on the Fund’s website. While the Upside Cap may change at the start of each new strategy and will seek to achieve its investment objective by investing substantially all Target Outcome Period, the Buffer will remain the same and will be 10% at the start of its assets in FLexible EXchange Options (“FLEX Options”) that reference the of each new Target Outcome Period. The Upside Cap and Buffer, and the fund’s performance of the Index. The Fund will primarily invest in financial derivativeposition relative to each, should be considered before investing in the fund. The Fund instruments for investment purposes. FLEX Options are customised equity or indexwill be continuously offered for subscription and will not terminate at the initial or put and call option contracts that are cleared by the Options Clearing Corporation any subsequent Target Outcome Period. (the “OCC”) and traded on Regulated Markets in the US (and in particular the Cboe To achieve the target outcomes sought by the Fund for a Target Outcome Period, an Options Exchange). investor must hold shares in the Fund for that entire Target Outcome Period. An investor that purchases shares in the Fund other than on the first day of the Fund’s Target Outcome Period and/or sells shares in the Fund prior to the end of the Fund’s The Fund seeks to provide a buffer on the first 10% of Index losses at the end of Target Outcome Period may experience results that are very different from the target each Target Outcome Period. If the Index has decreased in value by more than 10%outcomes sought by the Fund for that Target Outcome Period. Investors purchasing over the Target Outcome Period, the Fund will experience subsequent losses on a shares of the Fund after the Target Outcome Period begins can see their expected one-to-one basis (before fees and expenses). The Buffer and the Upside Cap will outcome (the remaining cap and buffer on a given day) until the end of the Target both be reduced by the Annual Management Fee, as well as any brokerage Outcome Period by clicking on the Fund’s name on the First Trust Target Outcome commissions, trading fees, taxes and extraordinary expenses not included in the UCITSFunds website at Fund’s Annual Management Fee. https://www.ftglobalportfolios.com/Professional/Etf/TargetOutcomeFundList.aspx The returns of the Fund are subject to a cap for the Target Outcome Period. The The Fund seeks to achieve specified outcomes but there is no guarantee that the fund’s Upside Cap is available on the Fund’s website. Unlike other investment outcomes for a Target Outcome Period will be achieved. You may lose some or all of products, the potential returns an investor can receive from the Fund are subject toyour money by investing in the Fund. the pre-determined Upside Cap that represents the maximum percentage return an investor can achieve from an investment in the Fund for an entire Target OutcomeFor more information about the investment policy, see “Investment Policy” in the Period (before fees and expenses). In the event the Index experiences gains over a Fund’s section on supplement available at www.ftglobalportfolios.com. Target Outcome Period, the Fund seeks to provide investment returns that match You may sell your shares usually by sending your request to the administrator on any the percentage increase of the Index, but any percentage gains over the amount of day on which the London Stock Exchange is open for business. the Upside Cap will not be experienced by the Fund or its investors. Therefore, Income is reinvested into the Fund for this share class. regardless of the performance of the Index, the Upside Cap for the Fund is the maximum percentage return an investor can achieve from an investment in the fundRecommendation: this Fund may not be appropriate for investors who plan to for that Target Outcome Period. withdraw their money within the short term. The Target Outcome Period for the Fund will begin and end in January of each year. Subsequent Target Outcome Periods will begin on the day the prior Target Outcome Period ends and will end on the approximate one-year anniversary of that new Target Risk and Reward Profile The Fund is in category 5 as the investments of the fund are concentrated in units of 12 34 5 67exchange traded investment funds and because funds of this type have experienced Lower risk Higher risk medium to high rises and falls in value in the past. The following risks are materially relevant to the Fund which may not be Potentially lower reward Potentially higher reward adequately captured by the indicator: The risk category is based on simulated and historical data and may not be a reliable The Fund may not achieve its investment objective and the value of shares in the indicator of the future risk profile of the Fund. The risk category shown is notFund may fall. guaranteed and may change over time.See also the description of the risks applicable to the Fund in “Risk Factors” in the The indicator is designed to help investors understand the uncertainties for both loss Fund's Prospectus and supplement thereto. and for growth that may affect their investment. The lowest category does not mean that the investment is risk free. This key investor information is accurate as at 18th February 2025. This fund is authorised in Ireland and regulated by the Central Bank of Ireland.1 (2) The Manager is authorised in Ireland and regulated by the Central Bank of Ireland. First Trust Vest U.S. Equity Buffer UCITS ETF - January Charges The charges you pay are used to pay the costs of running the fund, including the costs of marketing and distributing it. These charges reduce the potential growth of your investment. One-off charges taken before or after you invest Any entry and exit charges shown are maximum figures, and in some cases investors may pay less. You can find out the actual charges from your financialEntry chargeNone* adviser or distributor.Exit charge None* A switching charge of up to 3% may be payable for switching shares (except This is the maximum that might be taken out of your money before it is in the case of an entry/exit charge paid by the fund when buying or selling invested or before the proceeds of your investments are paid out. units in another sub-fund). In the event that the Fund’s operational expenses exceed the stated ongoing Charges taken from the fund over a year charges figure of 0.85%, the investment Manager shall discharge any excess Ongoing charges 0.85% out of its own assets. Charges taken from the fund under certain specific conditions The ongoing charges figure is based on the fund’s annual management fee, whereby the Investment Manager shall be responsible for the fund’s Performance fee None operational expenses. For more information about charges, please see “Fees and Expenses” in the Prospectus. *Not applicable to secondary market investors. Investors dealing on a stock exchange will pay fees charged by their stock brokers. Such charges are publicly available on exchanges on which the shares are listed and traded, or can be obtained from stock brokers. *Authorised participants dealing directly with the fund will pay related transaction costs. Authorised participants switching between the fund and other funds within the Company will be subject to a switching fee of up to 3% of the Net Asset Value per share.Past Performance ▪ There is insufficient data to produce a useful indication of past performance for the share class or the index. ▪ Past performance is not a reliable guide to future performance. Practical Information Depositary: The Bank of New York Mellon SA/NV, Dublin Branch Umbrella Fund: The fund is a sub-fund of the Company which is an umbrella Prospectus and Fund Information: Information about the umbrella First Trustfund with segregated liability between sub-funds. This means that the assets Global Funds plc, its sub-funds and available share classes, including the and liabilities of each sub-fund are segregated by law. Prospectus and the latest annual and semi-annual reports of the umbrella, Switching: Subject to the prior approval of the directors of the Company, you can be obtained in English and free of charge at www.ftglobalportfolios.com. may switch your investment into shares of another sub-fund of the Company. Share Prices/NAV: The share price is published daily and is available, along For further details please see the section “Conversion of Shares” in the fund’s with any indicative net asset value, online at www.ftglobalportfolios.com and Prospectus. A charge will be applied if you choose to switch (see above under on www.bloomberg.com. “Charges”). Tax Treatment: The fund is subject to tax laws and regulations in Ireland. ThisRemuneration Policy: Information on the current remuneration policy of the may have an impact on your personal tax position. Consequently, you should Company and the Manager, including a description of how remuneration seek independent advice from your tax adviser. and benefits are calculated and the identity of persons responsible forawarding the remuneration and benefits is available at Responsibility for Information: The Manager may be held liable solely on thehttps://www.ftglobalportfolios.com/Content/UCITS_REMUNERATION_POLIC basis of any statement contained in this document that is misleading,Y. A paper copy of the information is available free of charge upon request inaccurate or inconsistent with the relevant parts of the Prospectus for thefrom the Manager. Company. This key investor information is accurate as at 18th February 2025. This fund is authorised in Ireland and regulated by the Central Bank of Ireland.2 (2) The Manager is authorised in Ireland and regulated by the Central Bank of Ireland.