First Trust Exchange-Traded Fund VIII - FT Vest U.S. Equity Buffer & Digital Return ETF - October

DGOC aims to provide about 8.80% price returns (before fees and expenses) if the SPDR S&P 500 ETF Trust (ticker: SPY) shares appreciate, remain unchanged, or decrease in price by 10% or less. In exchange for preventing realization of the first 10% of losses, the fund foregoes some upside return and the dividend component of SPY because the options are written on the price (not total) return version of the shares. Should the shares of SPY decline greater than 10%, investors participate in the downside performance on a $1 for $1 basis. Shares must be held over a specific period to achieve the intended results. At the end of the target outcome period, the fund will reset for a new outcome period tied to the same index and buffer, but the cap may change based on market rates. The issuer publishes effective interim levels daily on its website. The targeted cap and buffer do not include the fund's expense ratio. The fund is actively managed and uses FLEX options on SPY shares exclusively.