| Investment Objective: |
The investment objective of the FT Vest U.S. Equity Quarterly Dynamic Buffer ETF (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 a dynamic buffer of either 5.0% or 7.5% (before fees and expenses) against Underlying ETF losses over an approximate period of three months (the "Target Outcome Period"). Over the Target Outcome Period from November 18, 2024 through February 21, 2025, the Fund seeks to buffer against the first 7.5% of Underlying ETF losses (before fees and expenses) and limit gains up to a predetermined upside cap of 4.15% (before fees and expenses). Under normal market conditions, the 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. |
