FT Vest Autocallable Barrier & High Income ETF (ACYQ)

The FT Vest Autocallable Barrier & High Income ETF is a fund from First Trust Advisors, sub-advised by Vest Financial, that seeks high current income through exposure to autocallable structures linked to an equity index.

An autocallable pays periodic coupons while its reference index remains above a protection barrier and is automatically called, returning principal, if the index is at or above a set level on an observation date. If the index finishes below the barrier at maturity, the holder experiences losses linked to the index decline. The higher income target generally reflects more demanding barrier or index terms than more conservative versions of the strategy.

The ETF trades on NYSE Arca under the ticker ACYQ.