FT Vest U.S. Equity Buffer ETF - May

FT Vest U.S. Equity Buffer ETF - May is an exchange-traded fund designed to provide exposure to U.S. large-cap equities through a defined outcome strategy. The fund seeks to deliver price returns linked to the SPDR S&P 500 ETF Trust, while using FLEX Options to help limit losses within a preset buffer and cap upside gains over a specific one-year outcome period. It is structured for investors looking for a rules-based equity solution centered on broad U.S. market participation with built-in downside mitigation features. The ETF is actively managed by First Trust Advisors and is part of the firm’s Target Outcome Strategies lineup. Its portfolio is primarily built around option contracts and cash collateral, making it a specialized product within the U.S. equity ETF market.