First Trust Exchange-Traded Fund IV - FT Vest SPCX & Target Income ETF is an exchange traded fund launched and managed by First Trust Advisors LP. It is co-managed by Vest Financial, LLC. The fund invests in public equity markets of the United States. It invests directly and through derivatives in stocks of companies operating across aerospace & defense sectors. The fund invests in growth and value stocks of companies across diversified market capitalization. It invests derivatives such as options to create its portfolio. First Trust Exchange-Traded Fund IV - FT Vest SPCX & Target Income ETF was form is domiciled in the United States.