FT Vest U.S. Equity Buffer ETF - March

FT Vest U.S. Equity Buffer ETF - March is an actively managed exchange-traded fund designed to provide exposure to large-cap U.S. equities through a structured options strategy. The fund seeks to track the price performance of the SPDR S&P 500 ETF Trust over a defined outcome period, while aiming to cap upside participation and buffer the first portion of losses. To pursue this objective, it primarily uses FLEX Options linked to the reference ETF and resets its outcome profile at the start of each new period. The ETF is part of First Trust’s Target Outcome Strategies lineup and is used by investors seeking a rules-based approach to equity market exposure with built-in downside cushioning features. Its role in the market is to offer a differentiated alternative to traditional equity funds by combining stock market participation with predefined outcome parameters.