FT Vest U.S. Equity Buffer ETF - August

FT Vest U.S. Equity Buffer ETF - August is an actively managed exchange-traded fund from First Trust that is designed to track the price return of the SPDR S&P 500 ETF Trust within a defined outcome framework. The fund uses FLEX options tied to the underlying ETF to pursue capped participation in market gains while seeking to buffer the first portion of losses during its annual August target outcome period. Its structure is intended for investors looking for broad U.S. large-cap equity exposure with built-in risk management features rather than direct index replication. The fund is part of First Trust’s Target Outcome Strategies lineup and is focused on a single, rules-based options overlay tied to U.S. equity markets.