FT Vest Nasdaq-100 Moderate Buffer ETF - August

FT Vest Nasdaq-100 Moderate Buffer ETF - August is an actively managed exchange-traded fund that seeks to provide exposure to large-cap U.S. growth companies through an options-based strategy tied to the Nasdaq-100. The fund uses FLEX Options linked to the Invesco QQQ Trust to pursue returns that follow the index’s price movements while incorporating a moderate downside buffer and a predefined upside cap over a set outcome period. Its holdings are concentrated in a small basket of derivative positions and collateral, reflecting a defined-outcome structure rather than direct stock ownership. The fund is designed for investors looking for a systematic way to access broad technology-heavy market exposure with built-in risk-management characteristics. FT Vest Nasdaq-100 Moderate Buffer ETF - August is part of First Trust’s suite of buffer ETFs, which are commonly used in portfolios seeking equity participation with more controlled downside exposure.