FT Vest U.S. Equity Buffer ETF - August
FAUG
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
FRC
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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
- Nov 7, 2019
- CIK
- 0001667919
- Website
- ftportfolios.com
- Similar Companies
- Business
- FT Vest U.S. Equity Buffer ETF - August (FAUG) is an exchange-traded fund that seeks to provide investors with specific buffered exposure to the price return of the S&P 500 Index, subject to a cap, over a one-year outcome period ending in August each year. The fund employs a data-driven rules-based strategy utilizing FLEX options purchased from the Options Clearing Corporation; its portfolio consists primarily of FLEX options contracts referencing the S&P 500 Index, designed to offer defined outcome exposure including downside buffer protection of approximately 100% against the first 100% of losses over the outcome period, with capped upside participation. FT Vest, the fund's sponsor and manager under First Trust Portfolios L.P., offers a suite of similar defined outcome ETFs including buffer, enhance, and deep buffer strategies across various monthly target outcome periods for U.S. equity indices such as the S&P 500 and Nasdaq-100; these products target retail and institutional investors seeking equity market participation with risk-defined parameters. Headquartered in Wheaton, Illinois, FT Vest launched FAUG in August 2019 as part of its broader platform of tactical implementation model ETFs, which have grown to over 50 funds managing billions in assets under management. The fund operates globally through U.S. exchanges, with primary investors in North America, and maintains relationships with major financial institutions for options execution and custody. In recent developments, FT Vest expanded its defined outcome ETF lineup in 2024-2025 with new quarterly buffer products and enhanced cap strategies, alongside a strategic partnership with the Chicago Board Options Exchange (CBOE) to improve liquidity and execution efficiency for FLEX options trading; additionally, the firm announced a $500 million seed investment from institutional partners in early 2025 to support further product innovation and marketing efforts amid rising demand for outcome-based investing.