| Investment Objective: |
The investment objective of the FT Vest U.S. Equity Buffer & Digital Return ETF - January (the "Fund") is to seek to provide investors with a buffer against the first 10% of losses on the price returns of the SPDR S&P 500 ETF Trust (the "Underlying ETF") while also providing a predetermined return level ("digital return") that is 8.52% (before fees and expenses) if the Underlying ETF appreciates in price, remains unchanged or decreases in price by 10% or less, over the period from January 20, 2026 through January 15, 2027. The Fund will invest substantially all of its assets in FLexible EXchange Options ("FLEX Options") that reference the price performance of the Underlying ETF. The Fund uses FLEX Options to employ a "target outcome strategy." Target outcome strategies seek to produce pre-determined investment outcomes based upon the performance of an underlying security or index. The pre-determined outcomes sought by the Fund include a buffer against the first 10% of Underlying ETF losses and a digital return if the Underlying ETF appreciates in price, remains unchanged or decreases in price by 10% or less over an approximate one-year period (the "Target Outcome Period") that is 8.52%. |
