BUFD

The FT Vest Laddered Deep Buffer ETF aims to generate capital growth for investors. It pursues this goal by offering exposure to the U.S. large-cap equity market, strategically mitigating potential losses through a diversified, laddered allocation across twelve distinct FT Vest U.S. Equity Deep Buffer ETFs (referred to as "Underlying ETFs"). Typically, the Fund allocates nearly all its assets into these Underlying ETFs. These ETFs are designed to mirror the price performance of the SPDR S&P 500 ETF Trust ("SPY") up to a pre-defined maximum gain, while simultaneously offering protection against declines between -5% and -30% of SPY's value over a specific one-year duration. It's important to note that these targets (both the cap and buffer) are considered before any fees, expenses, or taxes are applied. Crucially, unlike its underlying holdings, the Fund itself does not employ a defined outcome strategy nor does it directly offer a specified buffer against losses; this protective buffer mechanism is solely a feature of the individual Underlying ETFs. Therefore, a thorough comprehension of the Fund's overall strategy and associated risks necessitates an understanding of the individual strategies and inherent risks of the Underlying ETFs.