First Trust Exchange-Traded Fund VIII - FT Vest U.S. Equity Dual Directional Buffer ETF - August
DLAG
Chicago Board Options Exchange- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.Company Description
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 120 East Liberty Drive, Suite 400 Wheaton IL United States of America 60187
- IPO Date
- Sep 22, 2025
- CIK
- 0001667919
- Similar Companies
- Business
- First Trust Exchange-Traded Fund VIII – FT Vest U.S. Equity Dual Directional Buffer ETF – August is a U.S.-domiciled exchange-traded fund that seeks to provide defined-outcome exposure to the SPDR S&P 500 ETF Trust (SPY) over successive approximately one-year target outcome periods ending in August. The fund is sponsored and advised by First Trust Advisors L.P. and co-managed by Vest Financial LLC; it was formed on September 19, 2025, and is part of First Trust’s FT Vest Target Outcome® ETF lineup. The fund’s principal investment strategy uses exchange-traded FLEX Options referencing SPY, including call and put option positions, together with cash and cash equivalents, to seek returns before fees and expenses that: match SPY’s positive price return up to a predetermined upside cap; match the absolute value of SPY’s negative price return when losses are at or below a specified inverse-performance threshold; and provide a 10% buffer against SPY losses exceeding that threshold during the applicable target outcome period. DLAG invests primarily through derivatives rather than through direct holdings of the constituent companies of the S&P 500 Index, and its portfolio may include SPY-linked FLEX calls, FLEX puts and U.S. dollar cash positions. The fund is designed for investors seeking capped upside participation, potential positive returns during moderate market declines, and limited downside mitigation beyond the applicable threshold. DLAG operates in the U.S. exchange-traded products and asset-management industry and is marketed to retail investors, financial advisers, wealth managers and other investors seeking outcome-oriented equity exposure. Its reference asset is SPY, and its current target outcome period runs from August 24, 2026 through August 20, 2027; for that period, First Trust reports a starting upside cap of 13.50%, a remaining cap of 13.35%, and a buffer range from 0.00% to negative 10.00%, subject to the fund’s prospectus, market conditions and changes for investors buying or selling shares after the period begins. The fund’s net expense ratio is reported as 0.85%. The principal recent corporate development is the September 2025 launch of DLAG by First Trust Advisors L.P., which expanded First Trust’s Target Outcome® ETF platform with a dual-directional, 10% buffer strategy based on SPY. The launch introduced a strategy intended to pair capped participation in positive SPY performance with inverse participation in SPY declines up to a predetermined threshold and a 10% buffer for losses beyond that threshold. As of September 2026, the fund continues to operate with annually resetting August outcome periods and an options-based portfolio structure.