FT Vest U.S. Equity Enhance & Moderate Buffer ETF - October

FT Vest U.S. Equity Enhance & Moderate Buffer ETF - October is an actively managed exchange-traded fund designed to provide exposure tied to the price performance of the SPDR S&P 500 ETF Trust through a defined outcome strategy. The fund uses FLEX options and collateral to seek amplified participation in positive market moves, while aiming to limit losses within a preset buffer over its outcome period. It is structured around large-cap U.S. equity markets and focuses on delivering a combination of growth potential and downside moderation within a specific annual cycle that resets each October. The ETF is part of First Trust’s target outcome lineup and is used by investors looking for systematic, rules-based U.S. equity exposure with built-in option-based parameters. Its portfolio is concentrated in derivatives and cash-like collateral rather than holding a broad basket of stocks, making it a specialized tool within the ETF market for defined-outcome equity strategies.