| Investment Objective: |
The investment objective of the FT Vest U.S. Equity Dual Directional Buffer ETF - November is to seek to provide investors with returns that either match the positive price return of the SPDR S&P 500 ETF Trust up to a predetermined upside cap (the "Cap") or match the absolute value of the negative price return of the Underlying ETF up to a specified threshold (the "Inverse Performance Threshold"), while also seeking to provide a 10% buffer against losses that exceed the Inverse Performance Threshold over an approximate one-year period (the "Target Outcome Period"). The Fund seeks to provide investors with a "dual direction" of positive returns that either (1) match the positive price return of the SPDR S&P 500 ETF Trust up to a predetermined upside cap or (2) match the absolute value of the negative price return of the Underlying ETF up to a specified threshold, while also seeking to provide a 10% buffer against losses that exceed the Inverse Performance Threshold over an approximate one-year period from November 24, 2025 to November 20, 2026 (the "Target Outcome Period"). The target outcomes the Fund seeks for investors that hold Fund shares for an entire Target Outcome Period are as follows, though there can be no guarantee these results will be achieved. |
