FT Vest U.S. Equity Dual Directional Buffer ETF - November

FT Vest U.S. Equity Dual Directional Buffer ETF - November is an exchange-traded fund designed to deliver a predefined outcome linked to the price performance of the SPDR S&P 500 ETF Trust. The fund uses FLEX Options to pursue returns that either track positive moves in the S&P 500 ETF up to a set upside cap or offset moderate declines by matching the inverse of losses down to a threshold, while also aiming to provide a 10% buffer against losses beyond that level. This structure makes the fund a specialized derivative-income product focused on U.S. large-cap equity exposure through an options-based strategy rather than direct stock ownership. It is intended for investors seeking a rules-based, outcome-oriented approach to market participation over a one-year target outcome period. The fund is part of First Trust’s U.S. equity buffer ETF lineup and concentrates on a single, defined exposure tied to broad U.S. equity market performance.