FT Vest U.S. Equity Moderate Buffer ETF - December

FT Vest U.S. Equity Moderate Buffer ETF - December is an exchange-traded fund designed to provide exposure to U.S. large-cap equities through a defined-outcome options strategy. The fund primarily uses FLEX Options tied to the SPDR S&P 500 ETF Trust, seeking to track its price performance over a stated outcome period while moderating losses and capping gains according to its portfolio structure. Managed by First Trust, the ETF is part of the firm’s buffer product line and is intended for investors looking for a rules-based approach to equity market participation with built-in downside protection features. Its portfolio is centered on options positions and related collateral rather than direct stock holdings, making it distinct from traditional index funds. FT Vest U.S. Equity Moderate Buffer ETF - December plays a specialized role in the market by offering a packaged strategy that combines broad U.S. equity exposure with outcome-based risk management.