| Investment Objective: |
The FT Vest Autocallable Barrier & High Income ETF (the "Fund") seeks to provide investors with a high level of distributions while providing reduced downside risk to equity markets. The Fund seeks to achieve its investment objective by entering into swap agreements and/or option contracts structured similarly to swap agreements that seek to deliver a return reflecting the performance of a portfolio of theoretically created financial instruments designed to replicate the defined return characteristics of autocallable yield notes (each such theoretical financial instrument, a "Synthetic Autocallable Contract"). Autocallable yield notes are debt obligations linked to the performance of an underlying asset. Each of the Synthetic Autocallable Contracts to which the Fund will be exposed through its swap agreements will be linked to the stock of a company that is among the largest non-financial companies by market capitalization listed on a U.S. stock exchange. The Fund will seek, through the Synthetic Autocallable Contracts, to diversify its exposure in a balanced manner across 10-15 companies that are expected to include leading companies for innovation in the information technology, healthcare, consumer discretionary and communication services sectors. |
