FT Vest Laddered Autocallable Barrier & Income ETF

The FT Vest Laddered Autocallable Barrier & Income ETF is an actively managed exchange-traded fund designed to provide investors with income distributions while managing downside market volatility. The fund employs a sophisticated investment strategy centered on a laddered portfolio of synthetic autocallable contracts that replicate the defined return characteristics of autocallable yield notes. These contracts are implemented through swaps and options strategies, with short-term U.S. Treasury securities and box spreads serving as collateral to support the structure. The fund's laddered approach involves recurring roll and mechanics managed by portfolio managers from Vest and First Trust, allowing it to systematically refresh its positions over time. By combining income generation with downside protection mechanisms, the ETF offers investors a single-ticker, transparent vehicle to access structured strategies that traditionally have been less accessible to individual market participants.