FT Vest U.S. Equity Deep Buffer ETF - March
DMAR
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
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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
- Mar 22, 2021
- CIK
- 0001667919
- Website
- ftportfolios.com
- Similar Companies
- Business
- FT Vest U.S. Equity Deep Buffer ETF - March (DMAR) is an actively managed exchange-traded fund that seeks to provide investors with returns, before fees and expenses, matching the price return of the SPDR S&P 500 ETF Trust up to a predetermined upside cap, while offering a deep buffer against losses between -5% and -30% of the underlying ETF over each approximate one-year Target Outcome Period; the fund employs Flexible Exchange (FLEX) Options referencing the SPDR S&P 500 ETF Trust, including purchased and written put and call options structured to achieve these target outcomes, with the current cap at 15.41% before fees (14.55% after the 0.85% management fee) for the period from March 18, 2024, to March 21, 2025. DMAR resets its FLEX Options portfolio at the start of each new Target Outcome Period, maintaining the same deep buffer range but with a cap determined by prevailing market conditions, such as interest rates and volatility; the fund does not pay dividends from the underlying ETF and bears the first 5% of losses on a one-to-one basis, with subsequent losses up to 25% buffered and losses beyond -30% experienced on a one-to-one basis thereafter, up to a maximum loss of approximately 75% for shares held through the full period. First Trust Advisors L.P. serves as investment adviser, with Vest Financial LLC acting as sub-adviser responsible for the FLEX Options strategy; the fund, a series of First Trust Exchange-Traded Fund VIII, trades on Cboe BZX and was launched on March 18, 2021, with headquarters in Wheaton, Illinois, where First Trust was founded in 1991. It targets retail and institutional investors seeking defined outcome exposure to large-cap U.S. equities via S&P 500 price performance, without direct equity holdings; operations are U.S.-focused, with assets concentrated in a limited number of FLEX Options positions. In recent developments, First Trust Advisors announced in October 2025 a proposed reorganization of four Vest-advised funds into new First Trust-managed funds, subject to shareholder approval, reflecting deepening integration given First Trust Capital Partners' majority ownership in Vest's parent company; the firm continues periodic distributions and Target Outcome Period resets for DMAR, with the prior period concluding March 21, 2025, and no reported acquisitions, funding rounds, or product launches specific to DMAR in the last 1-2 years beyond ongoing cap adjustments.