The FT Vest S&P 500 Dividend Aristocrats Target Income ETF, or "the Fund," aims to produce investment outcomes, including both capital appreciation and income generation, that broadly align with its underlying benchmark, the Cboe S&P 500 Dividend Aristocrats Target Income Index Monthly Series (referred to as "the Index"), prior to the deduction of the Fund's own fees and expenses. Adopting a passive indexing methodology, the Fund endeavors to closely replicate the Index's performance. It will customarily allocate a minimum of 80% of its total assets, which includes any borrowed capital, to the common equities and call options that comprise the Index.