FT Vest U.S. Equity Buffer ETF - July

FT Vest U.S. Equity Buffer ETF - July is an actively managed exchange-traded fund designed to provide exposure to the price performance of the SPDR S&P 500 ETF Trust while using options-based strategies to shape its return profile. The fund seeks to deliver equity-market participation with a predefined upside cap and a built-in buffer against the first portion of losses during its annual outcome period. It is structured around large-cap U.S. stocks and uses FLEX options and collateral to implement its defined-outcome approach. FT Vest U.S. Equity Buffer ETF - July is used by investors looking for a packaged way to access U.S. equity market returns with a more controlled risk-and-return range than a traditional broad-market equity fund. The fund is part of First Trust’s FT Vest lineup, which focuses on options-based ETFs built around targeted outcome strategies.