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

FT Vest U.S. Equity Moderate Buffer ETF - June is a defined-outcome exchange-traded fund designed to provide exposure to U.S. large-cap equities through an options-based strategy linked to the SPDR S&P 500 ETF Trust. The fund seeks to deliver upside participation in the underlying market up to a predetermined cap while offering a buffer against the first portion of losses over its annual June-to-June outcome period. It is managed by First Trust and uses FLEX options and collateral to structure its payoff profile. The ETF is aimed at investors looking for a rules-based equity strategy with built-in downside cushioning and capped return potential, rather than traditional broad-market replication. Its holdings and exposure are centered on U.S. equities, with the strategy reset each outcome cycle to reflect the terms of the current period.