FT Vest Bitcoin Strategy Floor15 ETF - October (BFOC)

The FT Vest Bitcoin Strategy Floor15 ETF - October (BFOC) is a defined-outcome fund sponsored by First Trust and sub-advised by Vest Financial. It belongs to a series of similar funds with staggered start dates, and its annual outcome period begins each October.

The fund seeks exposure to the price return of bitcoin, generally through bitcoin-linked exchange-traded products and options, and uses an options strategy designed to limit losses over the outcome period to roughly 15 percent. In exchange for this floor, the fund's potential gains over the period are limited.

The floor and upside terms apply to shareholders who hold the fund from the start to the end of an outcome period. Investors who buy or sell mid-period may experience different outcomes, and the terms reset at the beginning of each new period.