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

FT Vest U.S. Equity Moderate Buffer ETF - May is an actively managed exchange-traded fund designed to provide exposure to U.S. large-cap equities through an options-based structure. The fund seeks to reference the price performance of the SPDR S&P 500 ETF Trust while using FLEX Options to shape its return profile around a defined outcome period. Its strategy is built to moderate downside exposure and limit upside participation, making it part of the broader target-outcome and options-strategy segment of the ETF market. Rather than holding a broad basket of stocks directly, the fund primarily uses derivative contracts and collateral to create synthetic exposure to the U.S. equity market. FT Vest U.S. Equity Moderate Buffer ETF - May is used by market participants looking for a rules-based, options-driven way to access large-cap U.S. stocks within a structured buffer framework.