FT Vest U.S. Equity Deep Buffer ETF - May

FT Vest U.S. Equity Deep Buffer ETF - May is an exchange-traded fund designed to provide exposure to U.S. large-cap equities through a defined outcome strategy. The fund primarily uses FLEX Options linked to the price performance of the SPDR S&P 500 ETF Trust, aiming to participate in a portion of upside while seeking a buffer against a specified range of market losses over a set outcome period. Its structure is intended for investors looking for equity market participation with built-in downside parameters rather than direct ownership of the underlying index components. FT Vest U.S. Equity Deep Buffer ETF - May is part of First Trust’s Target Outcome Strategies lineup and is used in the market as a rules-based vehicle for managing exposure to broad U.S. stock market movements.