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

FT Vest U.S. Equity Moderate Buffer ETF - November is an actively managed exchange-traded fund designed to seek defined outcome exposure to U.S. large-cap equities. The fund uses FLEX options linked to the SPDR S&P 500 ETF Trust to pursue returns that track the benchmark’s price performance up to a capped upside level while aiming to buffer the first 15% of losses over a one-year outcome period. This structure makes the ETF part of the growing defined-outcome category, where portfolios are built to balance participation in equity gains with partial downside mitigation. FT Vest U.S. Equity Moderate Buffer ETF - November is used by investors looking for a rules-based equity strategy that combines options-based risk management with broad U.S. stock market exposure. It is launched annually in the November series and is managed under the FT Vest brand by First Trust.