FT Vest 20+ Year Treasury & Target Income ETF

The FT Vest 20+ Year Treasury & Target Income ETF, or "the Fund," primarily aims to deliver consistent income to shareholders, while also pursuing capital growth as a secondary objective. Typically, to achieve these goals, the Fund allocates capital to U.S. government debt instruments and employs a sophisticated options strategy. This strategy entails both purchasing and writing (selling) various U.S. exchange-traded call options, including Flexible Exchange options, which are linked to the performance of the iShares 20+ Year Treasury Bond ETF. A fundamental aspect of its operation is that, under normal market conditions, at least 80% of the Fund's net assets (inclusive of any borrowed capital for investment) will be invested in holdings that offer exposure to U.S. Treasury securities.