First Trust Exchange-Traded Fund VIII has filed an update to its prospectus, detailing changes to the anticipated cap ranges for its funds. This update is particularly significant as it marks the beginning of a new Target Outcome Period for several of its ETFs, starting on November 23, 2026.

The filing, dated November 10, 2026, outlines the anticipated cap ranges for various funds, including the FT Vest Nasdaq-100 Moderate Buffer ETF, FT Vest U.S. Equity Buffer ETF, and others. These changes are expected to affect investors' expectations regarding returns for the upcoming year.

As stated in the filing, "As described in each Fund’s prospectus, Fund shareholders are subject to an upside return cap that represents the maximum percentage return an investor can achieve from an investment in a Fund for a given Target Outcome Period." The current Target Outcome Period will conclude on November 20, 2026, with a new period commencing shortly thereafter.

The anticipated cap ranges for the upcoming Target Outcome Period are as follows:

Fund Anticipated Cap Range (before fees) Anticipated Cap Range (after fees)
FT Vest Nasdaq-100 Moderate Buffer ETF – November (QMNV) 15.90% - 19.10% 15.00% - 18.20%
FT Vest U.S. Equity Buffer ETF – November (FNOV) 14.40% - 17.10% 13.55% - 16.25%
FT Vest U.S. Equity Deep Buffer ETF – November (DNOV) 12.20% - 14.20% 11.35% - 13.35%
FT Vest U.S. Equity Dual Directional Buffer ETF – November (DLNV) 11.30% - 14.60% 10.45% - 13.75%
FT Vest U.S. Equity Enhance & Moderate Buffer ETF – November (XNOV) 9.80% - 12.40% 8.95% - 11.55%
FT Vest U.S. Equity Moderate Buffer ETF – November (GNOV) 11.90% - 14.70% 11.05% - 13.85%
FT Vest U.S. Small Cap Moderate Buffer ETF – November (SNOV) 16.50% - 19.70% 15.60% - 18.80%

Investors will receive a supplement to each Fund’s prospectus on November 23, 2026, which will include the actual cap for the new Target Outcome Period. This cap may be higher or lower than the anticipated ranges currently presented.

This filing reflects First Trust’s ongoing commitment to providing transparent and timely information to its investors, ensuring they are well-informed about the performance expectations of their investments.

Details were not available in the SEC filing regarding any future actions beyond the upcoming supplement.