FT Vest Nasdaq-100 Moderate Buffer ETF - May

FT Vest Nasdaq-100 Moderate Buffer ETF - May is an actively managed exchange-traded fund designed to provide exposure to the price return of the Invesco QQQ Trust through a rules-based options strategy. The fund uses FLEX Options and collateral to target capped participation in upside moves while seeking to buffer a portion of the first losses in the underlying Nasdaq-100-linked exposure during its defined outcome period. It is built around large-cap U.S. and international non-financial companies represented in the Nasdaq-100, making it a market vehicle for investors looking for a packaged way to access growth-oriented technology and innovation-heavy sectors with embedded downside mitigation features. The ETF is managed by First Trust Advisors and is part of the FT Vest product line focused on outcome-oriented equity strategies.