FT Vest U.S. Equity Enhance & Moderate Buffer ETF - November

FT Vest U.S. Equity Enhance & Moderate Buffer ETF - November is an exchange-traded fund designed to provide defined outcome exposure to U.S. large-cap equities through options-based strategies. The fund seeks to deliver enhanced participation in positive moves of the SPDR S&P 500 ETF Trust, subject to a preset upside cap, while also aiming to cushion the first portion of market losses within each one-year target period. It invests primarily in FLEX Options and collateral, making it a structured portfolio focused on balancing upside potential with moderated downside exposure. The ETF is used by investors seeking a rules-based equity solution that tracks broad U.S. stock market performance with embedded buffer features and a scheduled annual reset tied to its November target outcome period.