FT Vest U.S. Equity Moderate Buffer ETF - February

The FT Vest U.S. Equity Moderate Buffer ETF - February (GFEB) is an actively managed exchange-traded fund launched on February 17, 2023, and listed on the Cboe BZX Exchange, managed by First Trust Advisors L.P. and sub-advised by Vest Financial, LLC. The fund seeks to provide investors with returns that match the price return of the SPDR® S&P 500® ETF Trust, up to a predetermined upside cap of 12.05%, while offering a built-in buffer against the first 15% of losses over an annual outcome period (currently from February 23, 2026, through February 19, 2027). To achieve this, GFEB invests substantially all of its assets in FLexible EXchange® (FLEX) Options referencing the Underlying ETF, with the cap and buffer reset to prevailing market conditions at the end of each outcome period. With approximately $381.8 million in assets under management and a total expense ratio of 0.85%, GFEB is part of First Trust's broader Target Outcome Strategies® lineup, designed to appeal to investors seeking a balance between downside protection and participation in equity market growth.