XVTS ETF Profile

Family:	First Trust
Name:	FT Vest TSLA & Target Income ETF

Inception Date:	18-Aug-2026
Termination Date:
Investment Objective:	FT Vest TSLA & Target Income ETF seeks to provide investors with current income with a secondary objective of providing capital appreciation. Under normal market conditions, the Fund will pursue its investment objectives by investing primarily in a portfolio of common stock and options contracts, including standardized listed options and/or FLexible EXchange options ("FLEXOptions") that utilize the common stock of Tesla, Inc. as the reference asset (the "Underlying Security"). To provide a stable revenue stream, the Fund may also utilize a "box spread" options trade and/or invest in U.S. Treasuries and cash or cash equivalents. The Fund will purchase shares of the Underlying Security directly and gain synthetic exposure to the price movements of the Underlying Security through the use of a combination of put options, call options, U.S. Treasuries and/or box spreads. The notional value of the derivatives will be used for purposes of compliance with the Fund's 80% investment policy. Vest Financial, LLC is the Fund's investment sub-advisor ("Vest"or the"Sub-Advisor").

Prospectus