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About FT Vest U.S. Equity Deep Buffer ETF - August

DAUG uses options in an effort to moderate losses on shares of SPDR S&P 500 ETF Trust (ticker: SPY) over a one-year period, starting in August. The fund foregoes some upside return, as well as the dividend component of SPY because the options are written on the price (not total) return version of the shares, in exchange for preventing realization of the first 5%-30% of the losses, covering 5% of the losses between the buffer zone and additional 25% coverage on SPYs realized losses if it falls below the buffer zone. Should the shares of SPY decline greater than 30%, investors participate in the downside performance on a $1 for $1 basis. Shares must be held over a specific period to achieve the intended results. At the end of the target outcome period, the fund will reset for a new outcome period tied to the same index and buffer, but the cap may change based on market rates. The issuer publishes effective interim levels daily on its website. The targeted cap and buffer do not include the funds expense ratio and should be taken into consideration. The fund is actively managed and uses FLEX options on SPY shares exclusively.