| Investment Objective: |
The investment objective of the FT Vest Bitcoin Strategy Floor15 ETF - April (the "Fund") is to seek to provide investors with returns that match the price return of a reference asset which seeks to reflect generally the performance of the price of bitcoin (the "Bitcoin Reference Instrument"), up to a predetermined upside cap of 34.51% while providing a maximum loss of 15% of Bitcoin Reference Instrument losses, over the period from April 4, 2025 through March 31, 2026. Under normal market conditions, the Fund will invest at least 80% of its net assets in investments that are needed to provide exposure to bitcoin and to provide the Fund's "floor". Fund will invest in option contracts, which include FLexible EXchange Options ("FLEX Options"), standardized listed options and/or over-the-counter options (collectively, "Options") that each utilize the Bitcoin Reference Instrument as the reference asset and short-term U.S. Treasury securities, cash and cash equivalents (including "box spreads"). The Bitcoin Reference Instrument for the current Target Outcome Period is the Cboe Bitcoin U.S. ETF Index. |
