FT Vest Laddered Autocallable Barrier & Income ETF (ACYN)

The FT Vest Laddered Autocallable Barrier & Income ETF is a fund from First Trust Advisors, with Vest Financial serving as sub-adviser, that seeks income through a laddered series of autocallable exposures linked to equity markets.

An autocallable pays a coupon as long as its reference index stays above a barrier level and is called early if the index is at or above its starting level on a scheduled observation date. If the index ends below the barrier at maturity, the position bears losses tied to the decline. Holding several exposures with staggered start dates spreads out call and reset timing so shareholders are not tied to one outcome period.

The ETF trades on NYSE Arca under the ticker ACYN.