FT Vest U.S. Equity Deep Buffer ETF - December
DDEC
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
- Dec 21, 2020
- CIK
- 0001667919
- Website
- ftportfolios.com
- Similar Companies
- Business
- FT Vest U.S. Equity Deep Buffer ETF - December (DDEC) is an exchange-traded fund that seeks to deliver targeted investment outcomes by providing returns that match the price return of the SPDR S&P 500 ETF Trust (SPY), up to an annual cap, while offering a deep downside buffer against SPY losses between -5% and -30% over its defined one-year Target Outcome Period, currently from December 23, 2024, to December 19, 2025; the fund achieves these outcomes primarily through investments representing at least 80% of its net assets in FLEXible EXchange (FLEX) Options referencing SPY, alongside limited direct holdings in SPY and cash equivalents. DDEC forms part of the broader FT Vest suite of Target Outcome ETFs offered through First Trust Exchange-Traded Fund VIII, sponsored and distributed by First Trust Portfolios L.P., with investment advisory services provided by First Trust Advisors L.P. (FTA) and sub-advisory input from Vest Financial LLC; it trades on the Cboe BZX exchange, targets large-cap U.S. equity investors seeking defined-risk exposure to the S&P 500 benchmark, and maintains a non-diversified portfolio concentrated in a small number of FLEX Option holdings. Launched on December 18, 2020, with initial trading on December 21, 2020, the fund is headquartered in Wheaton, Illinois, the base of operations for FTA and its affiliate First Trust Portfolios L.P., which together manage approximately $290 billion in assets as of August 2025 across ETFs, unit investment trusts, and other products. In recent developments, DDEC has grown its assets under management to over $340 million amid sustained investor interest in buffer ETFs; concurrently, First Trust Advisors announced in October 2025 proposed reorganizations of four Vest-advised mutual funds into new First Trust-advised mutual funds, reflecting ongoing strategic integration within the FT Vest ecosystem, though DDEC operations remain unchanged. The fund's latest prospectus updates confirm a management fee of 0.85% and no options trading availability, with performance tied strictly to the annual Target Outcome Period reset based on prevailing market conditions for the cap and buffer levels.