FT Vest Laddered Enhance & Moderate Buffer ETF

FT Vest Laddered Enhance & Moderate Buffer ETF is an actively managed exchange-traded fund that seeks capital appreciation through U.S. large-cap equity exposure. The fund invests primarily in a laddered portfolio of twelve FT Vest U.S. Equity Enhance & Moderate Buffer ETFs, creating a structure that rotates across multiple target outcome periods rather than relying on a single position. Its underlying ETFs use FLEX options tied to the SPDR S&P 500 ETF Trust to target enhanced participation in positive market moves while providing a defined downside buffer over a one-year outcome period. BUFX is designed for investors seeking broad large-cap market exposure with a rules-based buffer strategy, and it sits within the defined outcome ETF segment of the market.