FT Vest U.S. Small Cap Moderate Buffer ETF - November

FT Vest U.S. Small Cap Moderate Buffer ETF - November is an exchange-traded fund designed to deliver a defined return profile tied to the price performance of the iShares Russell 2000 ETF. The fund seeks to capture gains up to a preset upside cap while buffering the first portion of losses over a one-year outcome period that resets each November. It uses FLEX options and collateral in its portfolio structure, making it a rules-based, options-driven strategy rather than a traditional stock-picking fund. FT Vest U.S. Small Cap Moderate Buffer ETF - November is aimed at investors looking for exposure to U.S. small-cap equities with a built-in risk management framework. Its role in the market is to offer a packaged buffer strategy that moderates downside participation while still linking returns to the small-cap segment of the U.S. equity market.