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

FT Vest U.S. Equity Max Buffer ETF - July is a defined outcome exchange-traded fund designed to provide exposure to U.S. large-cap equities through a rules-based options strategy. The fund seeks to deliver the price return of the SPDR S&P 500 ETF up to a preset upside cap while aiming to provide the maximum available buffer against losses in the underlying ETF over an approximate one-year outcome period. It primarily uses FLEX options to structure this payoff profile and is reset annually in July. The ETF is intended for investors seeking a packaged equity outcome strategy rather than direct market participation, and it plays a role in the defined outcome segment by combining capped upside with downside buffering features tied to the S&P 500.