The fund aims to provide monthly distributions through synthetic autocallable contracts with laddered maturities and quarterly call observation dates.

First Trust Advisors (First Trust) has expanded its autocallable exchange-traded fund (ETF) range with the launch of the FT Vest Laddered Autocallable Buffer & Income ETF (ACYB). Each contract is tied to one or more broad US equity indices The fund aims to provide high monthly income and partial downside protection by entering into swap agreements and option contracts intended to deliver the performance of a laddered portfolio of synthetic autocallable contracts. The synthetic autocalla