FT Vest Laddered Small Cap Moderate Buffer ETF

FT Vest Laddered Small Cap Moderate Buffer ETF is an actively managed exchange-traded fund that seeks capital appreciation through exposure to U.S. small-cap equities with a structured risk-managed approach. The fund invests in a laddered portfolio of four FT Vest U.S. Small Cap Moderate Buffer ETFs, each tied to the price returns of the iShares Russell 2000 ETF and designed to provide a 15% downside buffer with upside potential capped over a one-year outcome period. By staggering the outcome periods across multiple underlying ETFs, FT Vest Laddered Small Cap Moderate Buffer ETF offers diversified timing exposure within a defined-outcome framework. The fund is used by investors seeking small-cap market participation through a rules-based portfolio that combines equity exposure with a built-in buffer mechanism.