FT Vest U.S. Equity Buffer ETF - April

FT Vest U.S. Equity Buffer ETF - April is an exchange-traded fund designed to provide exposure to the price performance of the SPDR S&P 500 ETF Trust through a defined-outcome options strategy. The fund seeks to participate in U.S. large-cap equity market gains up to a predetermined cap while aiming to buffer the first portion of losses over a specified one-year outcome period. It is part of First Trust’s Target Outcome Strategies lineup and uses FLEX Options referencing the underlying S&P 500-linked ETF. The fund is positioned for investors seeking a structured equity solution that combines growth participation with built-in downside mitigation. Its portfolio construction and outcome profile make it a distinctive tool within the U.S. equity ETF market, particularly for investors looking for rules-based exposure to broad-market stocks with explicit risk and return parameters.