FT Vest U.S. Equity Max Buffer ETF - December

FT Vest U.S. Equity Max Buffer ETF - December is an exchange-traded fund designed to deliver a defined outcome based on U.S. large-cap equity exposure. It uses FLEX options tied to the SPDR S&P 500 ETF Trust to seek participation in equity market gains up to a preset cap while targeting a buffer against a portion of downside losses over a one-year outcome period that resets each December. The fund is structured for investors looking for a rules-based options strategy rather than traditional passive index tracking. Its portfolio is concentrated in a small number of derivatives positions and cash instruments, reflecting its outcome-oriented design. FT Vest U.S. Equity Max Buffer ETF - December is part of First Trust’s FT Vest lineup and plays a niche role in the market by offering packaged downside-buffer and capped-upside exposure within a single ETF structure.