FT Vest Nasdaq-100 Dual Directional Buffer ETF - September (DQSE)

The FT Vest Nasdaq-100 Dual Directional Buffer ETF - September (DQSE) is a defined-outcome fund from First Trust with Vest Financial as sub-advisor. Its returns are tied to the Invesco QQQ Trust, a fund tracking the Nasdaq-100 Index, over a one-year outcome period beginning each September, using a portfolio of FLEX options.

The fund aims to capture gains in the reference ETF up to a predetermined cap and to buffer a set range of losses. If the reference ETF declines by an amount inside the buffered range, the structure is designed to deliver a positive return equal to that decline, giving it dual directional exposure. Declines beyond the buffer reduce the fund's value.

Cap and buffer levels reset annually, and the intended results apply only to investors who hold for the entire outcome period.