DGAP FT Vest U.S. Equity Buffer & Digital Return ETF - April

About this ETF

FT Vest U.S. Equity Buffer & Digital Return ETF - April is an actively managed defined-outcome exchange-traded fund issued by First Trust. It seeks to provide investors with buffered exposure to the U.S. equity market alongside opportunities for digital returns, combining downside protection with potential upside participation linked to equity performance. This ETF employs options-based strategies to achieve its targeted outcomes over a specific period ending in April, aiming to mitigate losses up to a predefined buffer level while capping gains in favorable market conditions. The fund's digital return component introduces a binary-like payoff structure, enhancing yield potential through structured derivatives tied to benchmarks like the S&P 500. Designed for investors pursuing risk-defined equity allocations, it plays a role in portfolio diversification by offering predictable risk-reward profiles in volatile environments. Managed under the FT Vest series by First Trust Exchange-Traded Fund VIII, headquartered in Wheaton, Illinois, this ETF focuses on current U.S. equity buffer and digital income strategies within the defined-outcome asset class.