FT Vest U.S. Equity Moderate Buffer ETF - August

FT Vest U.S. Equity Moderate Buffer ETF - August is an exchange-traded fund designed to provide defined-outcome exposure to U.S. large-cap equities through a rules-based options strategy. The fund seeks to track the price return of the SPDR S&P 500 ETF Trust over a set outcome period while aiming to deliver a buffer against the first 15% of losses and capping upside participation at a predetermined level. It primarily uses FLEX options and collateral to structure these characteristics, making it part of the broader buffer ETF category. FT Vest U.S. Equity Moderate Buffer ETF - August is used by investors looking for equity market exposure with built-in downside and upside parameters within a specific annual period. Its role in the market is to offer a specialized risk-managed alternative to traditional index investing, with returns tied to U.S. stock market performance under predefined conditions.