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 - July A sub-fund of First Trust Global Funds ICAV (the "ICAV") First Trust Global Portfolios Management Limited is the manager of the ICAV (the "Manager") ISIN: IE000YJBT6I5 Share class: Class A USD ACCObjective and Investment Policy Objective:The Fund seeks to provide investors with returns (before fees, expenses resets by investing in a new set of FLEX Options that will provide a new cap for the and taxes) that match the price returns of the S&P 500 Index (the “Index”), up to a new Target Outcome Period. This means that a fund’s Upside Cap is likely to change predetermined upside cap, while providing a buffer (before fees and expenses) for each Target Outcome Period based upon prevailing market conditions at the against the first 10% of Index losses (the “Buffer”), over a specified approximatelybeginning of each Target Outcome Period. The current Upside Cap will be available one-year time period (the “Target Outcome Period”). on the Fund’s website. While the Upside Cap may change at the start of each new Investment Policy:The Fund intends to pursue an actively managed investment Target Outcome Period, the Buffer will remain the same and will be 10% at the start strategy and will seek to achieve its investment objective by investing substantially all of each new Target Outcome Period. The Upside Cap and Buffer, and the fund’s of its assets in FLexible EXchange Options (“FLEX Options”) that reference the position relative to each, should be considered before investing in the fund. The Fund performance of the Index. The Fund will primarily invest in financial derivativewill be continuously offered for subscription and will not terminate at the initial or instruments for investment purposes. FLEX Options are customised equity or indexany subsequent Target Outcome Period. put and call option contracts that are cleared by the Options Clearing Corporation To achieve the target outcomes sought by the Fund for a Target Outcome Period, an (the “OCC”) and traded on Regulated Markets in the US (and in particular the Cboe investor must hold shares in the Fund for that entire Target Outcome Period. An Options Exchange). investor that purchases shares in the Fund other than on the first day 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 and/or sells shares in the Fund prior to the end of the Fund’s each Target Outcome Period. If the Index has decreased in value by more than 10%Target Outcome Period may experience results that are very different from the target over the Target Outcome Period, the Fund will experience subsequent losses on a outcomes sought by the Fund for that Target Outcome Period. Investors purchasing one-to-one basis (before fees and expenses). The Buffer and the Upside Cap will shares of the Fund after the Target Outcome Period begins can see their expected both be reduced by the Annual Management Fee, as well as any brokerage outcome (the remaining cap and buffer on a given day) until the end of the Target commissions, trading fees, taxes and extraordinary expenses not included in the Outcome Period by clicking on the Fund’s name on the First Trust Target Outcome Fund’s Annual Management Fee. UCITSFunds website at https://www.ftglobalportfolios.com/Professional/Etf/TargetOutcomeFundList.aspx The returns of the Fund are subject to a cap for the Target Outcome Period. The fund’s Upside Cap is available on the Fund’s website. Unlike other investment The Fund seeks to achieve specified outcomes but there is no guarantee that the products, the potential returns an investor can receive from the Fund are subject tooutcomes for a Target Outcome Period will be achieved. You may lose some or all of the pre-determined Upside Cap that represents the maximum percentage return an your money by investing in the Fund. 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 Information on portfolio composition is, where applicable, also available through the percentage increase of the Index, but any percentage gains over the amount of this website. the Upside Cap will not be experienced by the Fund or its investors. Therefore, You may sell your shares usually by sending your request to the administrator on any regardless of the performance of the Index, the Upside Cap for the Fund is the day on which the London Stock Exchange is open for business. maximum percentage return an investor can achieve from an investment in the fund for that Target Outcome Period. Income is reinvested into the Fund for this share class. The Target Outcome Period for the Fund will begin and end in July of each year. Recommendation: this Fund may not be appropriate for investors who plan to Subsequent Target Outcome Periods will begin on the day the prior Target Outcomewithdraw their money within the short term. Period ends and will end on the approximate one-year anniversary of that new Target Outcome Period. On the first day of each new Target Outcome Period, the fund Risk and Reward Profile 1 2 34 5 67The Fund is in category 5 as the investments of the Fund are concentrated in units of exchange 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 30th April 2026. 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 - July 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 charge None* 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 yearcharges 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 sub-funds within the ICAV 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.  This share class launched on 2025-07-18.  Past performance is not a reliable guide to future performance. Practical Information Investment Manager: First Trust Advisors L.P. Umbrella Fund: The Fund is a sub-fund of the ICAV which is an open-ended Depositary: The Bank of New York Mellon SA/NV, Dublin Branch Irish collective asset management vehicle with segregated liability betweensub-funds. This means that the assets and liabilities of each sub-fund are Prospectus and Fund Information: Information about the ICAV, its sub-fundssegregated by law. and available share classes, including the Prospectus, any supplement thereto, the latest annual and semi-annual reports of the ICAV, and where Switching: Subject to the prior approval of the directors of the ICAV, you may applicable, information on portfolio holdings can be obtained in English and switch your investment into shares of another sub-Fund of the ICAV. For free of charge at www.ftglobalportfolios.com. further details please see the section “Conversion of Shares” in the Fund’sProspectus. A charge will be applied if you choose to switch (see above under Share Prices/NAV: The share price is published daily and is available, along“Charges”). with any indicative net asset value, online at www.ftglobalportfolios.com and on www.bloomberg.com. Remuneration Policy: Information on the current remuneration policy of theManager, including a description of how remuneration and benefits are Tax Treatment: The Fund is subject to tax laws and regulations in Ireland. Thiscalculated and the identity of persons responsible for awarding the may have an impact on your personal tax position. Consequently, you shouldremuneration and benefits is available at seek independent advice from your tax adviser.https://www.ftglobalportfolios.com/Content/UCITS_REMUNERATION_POLIC Responsibility for Information: The Manager may be held liable solely on the Y. A paper copy of the information is available free of charge upon request basis of any statement contained in this document that is misleading, from the Manager. inaccurate or inconsistent with the relevant parts of the Prospectus for the ICAV. This key investor information is accurate as at 30th April 2026. 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.