FT Vest U.S. Equity Dual Directional Buffer ETF - November
DLNV
Chicago Board Options Exchange- -
USD
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Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Thomas Hecht
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 120 East Liberty Drive, Suite 400 Wheaton IL United States of America 60187
- IPO Date
- Nov 24, 2025
- Website
- ftportfolios.com
- Similar Companies
- Business
- First Trust Exchange-Traded Fund VIII - FT Vest U.S. Equity Dual Directional Buffer ETF - November (DLNV) is an exchange-traded fund that seeks to provide investors with buffered losses and capped gains on the S&P 500 Price Return Index over a one-year outcome period ending in November each year. The fund employs a data-driven options strategy utilizing FLEX options; it offers dual directional exposure, providing participation in positive S&P 500 returns up to a predefined cap while protecting against the first 10%-20% of losses, depending on the specific series. DLNV operates within the asset management industry, targeting retail and institutional investors seeking equity-linked income and downside protection; it is issued by First Trust Exchange-Traded Fund VIII, a unit trust sponsored by First Trust Advisors LP, founded in 1991 and headquartered in Wheaton, Illinois, with primary operations in the United States. The fund's core offerings include a series of monthly buffer ETFs under the FT Vest brand, such as dual directional buffers linked to the S&P 500, Nasdaq-100, and other equity indices; these provide predefined outcome periods with varying buffer levels (e.g., 9%-20%) and upside caps (e.g., 10%-20%), collateralized by cash equivalents and one-year U.S. Treasury securities. Additional services encompass systematic outcome investment solutions, including buffer ETFs, enhance & appreciation ETFs, and defined outcome ETFs; the FT Vest suite emphasizes transparent, rules-based strategies for risk-managed equity exposure across global markets. In recent developments, First Trust expanded its FT Vest lineup with new buffer ETF launches in 2024-2025, including additional series for DLNV tied to November outcome periods and enhanced weekly offerings for shorter durations; the firm also announced strategic alliances with Cboe to innovate FLEX options usage and acquired Vest Financial to bolster its defined outcome capabilities. No major reorganizations or name changes have occurred in the last two years, though First Trust reported record AUM growth exceeding $200 billion amid rising demand for outcome-based ETFs. The fund trades on Nasdaq, with geographic focus on U.S. investors and underlying exposure to domestic large-cap equities.