FT Vest Emerging Market Buffer ETF - September (TSEP)

The FT Vest Emerging Market Buffer ETF - September (TSEP) is a defined-outcome fund sponsored by First Trust and sub-advised by Vest Financial. It seeks to provide returns tied to an exchange-traded fund that tracks emerging markets equities, up to a predetermined cap, while buffering against a specified portion of losses.

The fund uses FLEX options to build its outcome profile over an annual period that begins each September, after which a new cap is set and the structure resets. Investors who buy shares mid-period may experience a different buffer and upside than those who purchase at the start. The ETF trades on Cboe BZX.