FT Vest U.S. Equity Deep Buffer ETF - April
DAPR
Chicago Board Options Exchange- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 120 East Liberty Drive, Suite 400 Wheaton IL United States of America 60187
- IPO Date
- Apr 19, 2021
- CIK
- 0001667919
- Website
- ftportfolios.com
- Similar Companies
- Business
- FT Vest U.S. Equity Deep Buffer ETF - April (DAPR) is an exchange-traded fund that seeks to provide investors with returns that match the price return of the SPDR S&P 500 ETF Trust (SPY), up to a predetermined upside cap, while offering a deep buffer against SPY losses between -5% and -30% before fees and expenses over a one-year Target Outcome Period. The fund, which is actively managed and non-diversified, invests substantially all of its assets in FLEX Options referencing SPY; these customized exchange-traded equity options enable the target outcome strategy, with holdings typically concentrated in a small number of option positions alongside cash collateral. DAPR operates within the defined outcome ETF segment, targeting investors seeking buffered exposure to large-cap U.S. equities, particularly the S&P 500 Index constituents. Issued by First Trust Exchange-Traded Fund VIII and advised by First Trust Advisors L.P., with Vest Financial LLC serving as sub-advisor, DAPR was launched on April 16, 2021, and lists on Cboe BZX. First Trust Advisors L.P., founded in 1991 and headquartered at 120 East Liberty Drive, Suite 400, Wheaton, Illinois, supervises the fund through its affiliate First Trust Portfolios L.P., the distributor; the firm manages a broad suite of ETFs, including other FT Vest Target Outcome strategies powered by Vest's proprietary approach. The fund is available to U.S. investors, with total net assets of approximately $285 million and a net expense ratio of 0.85%. Recent developments include First Trust's ongoing expansion of its Target Outcome ETF lineup, with launches such as the FT Vest U.S. Equity Uncapped Accelerator ETF - October (UXOC) and FT Vest U.S. Equity Quarterly 2.5 to 15 Buffer ETF (DHDG) in October 2024, alongside a UCITS version of a related buffer ETF (FAPR) on the London Stock Exchange in April 2025. These additions reflect strategic growth in buffered and accelerated equity strategies, building on the FT Vest platform's assets surpassing $25 billion, up 92% year-over-year as of late 2024; DAPR's Target Outcome Periods reset annually in April, with new caps set based on market conditions. The fund maintains its core deep buffer mechanics without structural changes, continuing to reference SPY amid volatile equity markets.