FT Vest Laddered Max Buffer ETF

FT Vest Laddered Max Buffer ETF is an actively managed exchange-traded fund that seeks capital appreciation through exposure to U.S. large-cap equities while aiming to limit downside risk. The fund uses a laddered portfolio of twelve FT Vest U.S. Equity Max Buffer ETFs, creating a rolling structure in which different outcome periods overlap over time. This design is intended to provide participation in broad U.S. equity market movements while maintaining downside buffers across portions of the portfolio. FT Vest Laddered Max Buffer ETF is part of First Trust’s Target Outcome Strategies lineup and is designed for investors looking for a diversified, options-based equity strategy with defined risk characteristics. Its underlying holdings invest in FLEX Options tied to SPY, making the fund a specialized tool within the defined-outcome ETF segment of the market.