FT Vest US Equity MD Bf-Nov

FT Vest US Equity MD Bf-Nov is an exchange-traded fund designed to provide targeted equity exposure with a built-in risk management feature. As a “moderate buffer” ETF, its primary function is to offer returns that correspond to the performance of the U.S. equity market, specifically the S&P 500, while seeking to shield investors from a predetermined portion of market losses over a defined outcome period—typically one year, starting each November. This buffer intends to absorb initial declines in the reference index, up to a specified percentage, while investors participate in gains only up to an established cap, which is set at the beginning of each period and can fluctuate with market conditions. The fund achieves its outcome profile by investing in a combination of U.S. Treasury securities and FLEX Options linked to the S&P 500 ETF. FT Vest US Equity MD Bf-Nov aims to serve investors seeking a more defined risk-return profile in their equity investments, and plays a unique role in helping manage downside risk while participating in a portion of equity market appreciation within a diversified portfolio.