First Trust Exchange-Traded Fund IV - First Trust EIP Carbon Impact ETF is an exchange traded fund launched and managed by First Trust Advisors LP. It is co-managed by Energy Income Partners LLC. The fund invests in public equity markets. The fund invests in stocks of companies operating across energy, energy equipment services, utilities, independent power and renewable electricity producer, renewable electricity sectors. It invests in growth and value stocks of companies across diversified market capitalization. It invests in stocks of companies that directly promote environmental responsibility. It employs fundamental and quantitative analysis to create its portfolio. The fund seeks to benchmarks its performance against the S&P 500 Index and the PHLX Utility Sector Index. The fund does not invest in stocks of companies operating across coal production, oil exploration and production, crude oil storage, transportation and delivery sectors. First Trust Exchange-Traded Fund IV - First Trust EIP Carbon Impact ETF was formed on August 19, 2019 and is domiciled in the United States.