FT Vest U.S. Small Cap Moderate Buffer ETF - May

FT Vest U.S. Small Cap Moderate Buffer ETF - May is a U.S.-domiciled exchange-traded fund designed to provide exposure to small-cap U.S. stocks through a defined outcome structure. The fund seeks to track the price return of the iShares Russell 2000 ETF over a one-year outcome period that begins in May, while capping upside participation and buffering the first 15% of losses in the underlying reference ETF. Managed by First Trust Advisors and Vest Financial, it uses options-based strategies and collateral rather than directly holding a broad equity portfolio. The ETF is aimed at investors looking for systematic, rules-based exposure to the small-cap market with built-in downside mitigation features and a preset return profile.