| The investment objective of the FT Cboe Vest Gold Strategy Quarterly Buffer ETF (the "Fund") is to seek to provide investors with returns (before fees, expenses and taxes) that match those of the SPDR Gold Trust (the "Underlying ETF"), up to a predetermined upside cap of 6.10% (before fees, expenses and taxes) and 6.01% (after fees and expenses, excluding brokerage commissions, trading fees, taxes and extraordinary expenses not included in the Funds management fee), while providing a buffer against Underlying ETF losses between -5% and -15% (before fees, expenses and taxes) over the period from January 20, 2021 to February 26, 2021. |