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

FT Vest U.S. Equity Moderate Buffer ETF - July is an exchange-traded fund designed to provide defined-outcome exposure to U.S. large-cap equities through options-based strategies. The fund seeks to track the price performance of the SPDR S&P 500 ETF Trust over a one-year outcome period, aiming to deliver capped upside potential while cushioning losses up to a stated buffer before fees and expenses. It primarily uses FLEX Options and collateral to structure this payoff profile, making it distinct from traditional index-tracking ETFs. FT Vest U.S. Equity Moderate Buffer ETF - July is used by investors looking for a rules-based U.S. equity allocation with built-in downside protection features and a limited return range. The fund is part of First Trust’s FT Vest lineup and focuses on large-cap U.S. market exposure with defined risk and return parameters.