FT Vest Laddered Autocallable Barrier & Resilient Income ETF

FT Vest Laddered Autocallable Barrier & Resilient Income ETF is an actively managed exchange-traded fund that seeks to provide investors with distributions while limiting downside market volatility. The fund uses swap agreements and option contracts to replicate the return profile of a laddered portfolio of synthetic autocallable contracts, a structure designed to mirror the payoff characteristics of autocallable yield notes. Its portfolio approach combines staggered contract maturities and observation dates, which helps spread exposure across multiple positions and reduce timing risk. ACYS is focused on income-oriented market participation through derivatives rather than direct ownership of individual stocks, and it uses short-term U.S. Treasury securities and cash management tools as part of its structure. The ETF is intended to offer a rules-based, multi-asset income strategy with exposure tied to U.S. equity market outcomes and resilient income features.