FT Vest Nasdaq-100 Conservative Buffer ETF - January (QCJA)

The FT Vest Nasdaq-100 Conservative Buffer ETF - January is a defined-outcome fund from First Trust Advisors, with Vest Financial acting as sub-adviser.

Using FLEX options referencing the Nasdaq-100 Index, typically through the Invesco QQQ Trust, the fund seeks index-linked returns over a one-year outcome period beginning in January. The conservative buffer structure aims to provide a larger cushion against losses than First Trust's standard buffer series, and the cost of that protection is a lower upside cap set at the start of each period.

At the end of each outcome period, the options are rolled to establish a new buffer and cap. The fund trades on Cboe BZX under the ticker QCJA.