FT Vest Laddered U.S. Equity Uncapped Accelerator ETF

FT Vest Laddered U.S. Equity Uncapped Accelerator ETF is an actively managed exchange-traded fund designed to provide U.S. large-cap equity exposure with a focus on capital appreciation. The fund uses a laddered portfolio structure built from four FT Vest U.S. Equity Uncapped Accelerator ETFs, which are tied to FLEX options strategies referencing the price return of the SPDR S&P 500 ETF Trust. This structure is intended to diversify exposure across multiple target outcome periods and deliver participation in equity market gains through an accelerated-return approach. BFXU is part of First Trust’s target outcome lineup and is used by investors seeking a single ETF solution that combines broad U.S. equity exposure with a rules-based options overlay. The fund is managed as a specialized product within the U.S. large-cap ETF category and focuses on current portfolio construction and market exposure rather than direct stock selection.