FT Vest U.S. Equity Buffer ETF - January

FT Vest U.S. Equity Buffer ETF - January is an actively managed exchange-traded fund designed to provide exposure to large-cap U.S. equities through a defined outcome strategy. The fund seeks to track the price performance of the SPDR S&P 500 ETF Trust over a set one-year outcome period, while using FLEX options to cap upside potential and help buffer the first 10% of losses before fees and expenses. It is part of First Trust’s Target Outcome Strategies suite and is structured for investors looking for packaged equity market participation with built-in downside parameters. The fund holds options and collateral rather than directly owning the full basket of underlying stocks, making it a specialized tool within the U.S. equity ETF market. FT Vest U.S. Equity Buffer ETF - January is used by market participants seeking a rules-based approach to equity exposure with preset return characteristics across the January outcome cycle.