| Investment Objective: |
The investment objective of the FT Vest U.S. Equity Max Buffer ETF - April (the "Fund") is to seek to provide investors with returns (before fees and expenses) that match the price return of the SPDR S&P 500 ETF (the "Underlying ETF") up to a predetermined upside cap while seeking to provide the maximum available buffer , against Underlying ETF losses over an approximate period of one year (the "Target Outcome Period"). Over the Target Outcome Period that began on April 21, 2025 and ends on April 17, 2026 the Fund seeks to buffer against the first 100% of Underlying ETF losses and limit gains up to a predetermined upside cap of 7.24%. When the Fund's fees and expenses are taken into account, the cap is 6.39% and the buffer is 99.15%. Fund will invest substantially all of its assets in FLexible EXchange Options ("FLEX Options") that reference the price performance of the Underlying ETF. FLEX Options are customized equity or index option contracts that trade on an exchange, but provide investors with the ability to customize key contract terms like exercise prices, styles and expiration dates. |
