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

FT Vest U.S. Equity Max Buffer ETF - May is an exchange-traded fund that seeks to provide exposure to U.S. large-cap equities through an outcome-based options strategy. The fund uses FLEX Options linked to the SPDR S&P 500 ETF Trust to aim for participation in the S&P 500’s price returns up to a predetermined upside cap while seeking to provide the maximum available buffer against losses over an approximate one-year outcome period. It is designed for investors looking for a defined outcome structure rather than traditional index tracking, and it primarily focuses on large-cap stocks across diversified U.S. sectors. Managed by First Trust Advisors and co-managed by Vest Financial, the ETF plays a specialized role in the U.S. equity market by combining equity exposure with options-based risk management through a rules-based monthly cycle tied to May.