| Investment Objective: |
The investment objective of the FT Vest U.S. Equity Max Buffer ETF - August (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 (before fees and expenses), against Underlying ETF losses over an approximate period of one year (the "Target Outcome Period"). Over the Target Outcome Period from August 19, 2024 through August 15, 2025, the Fund seeks to buffer against 100% of Underlying ETF losses and limit gains up to a predetermined upside cap of 8.02%. When the Fund's fees and expenses are taken into account, the cap is 7.17% and the buffer is 99.15%. The investment objective of the Underlying ETF is to seek to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the S&P 500 Index. The Fund uses FLEX Options to employ a "target outcome strategy." |
