FT Vest Laddered Autocallable Barrier & Resilient Income ETF (ACYS)

The FT Vest Laddered Autocallable Barrier & Resilient Income ETF is a fund from First Trust Advisors, sub-advised by Vest Financial, that seeks income from a laddered portfolio of autocallable exposures linked to equity markets, with an emphasis on resilience of that income.

Each autocallable pays a coupon while the reference index stays above a barrier level and is called if the index is at or above its initial level on an observation date. The resilient label indicates terms designed to keep income flowing through a wider range of market declines, such as lower barrier levels, in exchange for lower coupon rates than more aggressive versions. Staggered start dates spread out the timing of calls and resets.

The ETF trades on NYSE Arca under the ticker ACYS.