FT Vest U.S. Equity Quarterly 2.5 to 15 Buffer ETF
DHDG
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
- Oct 21, 2024
- Website
- ftportfolios.com
- Similar Companies
- Business
- FT Vest U.S. Equity Quarterly 2.5 to 15 Buffer ETF (DHDG) is an actively managed exchange-traded fund that seeks to deliver specific target investment outcomes tied to the price return performance of the SPDR S&P 500 ETF Trust (SPY), up to a predetermined upside cap while providing a buffer against the first 2.5% to 15% of SPY losses over each quarterly Target Outcome Period; the fund invests substantially all of its assets in a combination of purchased and written FLEX Options referencing SPY, enabling participation in SPY upside returns up to the cap (such as 4.31% before fees for the period ending October 17, 2025, resetting quarterly based on prevailing market conditions including interest rates and volatility), a 12.5% buffer (adjusted to between -2.71% and -15.21% after the 0.85% management fee), and exposure to SPY downside beyond -15% on a one-to-one basis after the initial 2.5% loss. DHDG trades on the Cboe BZX Exchange and targets investors seeking defined outcome strategies in the large-cap U.S. equity segment, with operations focused on the U.S. market and no direct international geographic exposure beyond SPY's domestic composition. The fund is a series of First Trust Exchange-Traded Fund VIII, advised by First Trust Advisors L.P. (founded 1991, headquartered in Wheaton, Illinois) and sub-advised by Vest Financial LLC (creator of Target Outcome Investments), part of First Trust's broader lineup of over $25 billion in Target Outcome ETFs as of late 2024. Launched on October 18, 2024, DHDG represents First Trust's expansion of its quarterly buffer ETF offerings in partnership with Vest Financial, building on the firm's established suite of SPY-linked defined outcome products that include moderate, enhance, and accelerator variants with varying buffer levels and periods; this launch coincided with the introduction of related funds like the FT Vest U.S. Equity Uncapped Accelerator ETF, addressing investor demand for shorter-term, higher-upside buffer strategies amid rising ETF adoption for risk-managed equity exposure. In 2025, the fund has maintained its quarterly reset mechanism, with recent Target Outcome Periods concluding on dates such as October 17, 2025, and anticipated cap ranges for subsequent periods (e.g., 3.60%-4.30% before fees for October 20, 2025, to January 16, 2026) disclosed via prospectus supplements to align with evolving market conditions. First Trust continues to grow its ETF platform without reported acquisitions, funding rounds, or major reorganizations specific to DHDG in the last 1-2 years, focusing instead on product innovation within the non-diversified Target Outcome category.