Fund Description: EquityCompass Risk Manager ETF is an actively managed exchange-traded fund or Actively Managed ETF which is a separate investment portfolio of the First Trust Exchange-Traded Fund VIII, an open-end investment management company. INVESTMENT OBJECTIVE: The EquityCompass Risk Manager ETF seeks long term capital appreciation with capital preservation as a secondary objective. The Fund is an actively managed ETF and thus does not seek to replicate the performance of a specified index. FUND STRATEGY: Under normal market conditions, the Fund will seek to achieve its investment objectives by investing in equity securities of companies domiciled in the U.S. or listed on a U.S. exchange. During periods when the U.S. equity market is determined to be unfavorable by the Fund’s sub-advisor the Fund may invest all or a portion of its assets in cash, cash equivalents and short term fixed income. The Fund’s strategy seeks to provide exposure to U.S. listed equity securities and to avoid large, prolonged market losses and reduce volatility. The equity securities held by the Fund are generally stocks in the S&P 100 and certain smaller capitalized stocks diversified across major economic sectors, typically within the S&P 500. The portfolio of equity securities and allocation decisions are determined by analyzing technical and fundamental market indicators to determine the current overall favorability of the market. When these indicators determine that the market is entering an unfavorable period, the Fund may invest all or a portion of its assets in cash and cash equivalents, including money market funds and short term fixed income exchange-traded funds (ETFs). The Fund is classified as non-diversified. FUND MANAGEMENT: First Trust Advisors L.P serves as the investment adviser to the Fund. Choice Financial Partners, Inc. d/b/a EquityCompass Strategies serves as the sub-adviser to the Fund.