FT Vest U.S. Equity Buffer ETF - June
FJUN
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
- Jun 22, 2020
- CIK
- 0001667919
- Website
- ftportfolios.com
- Similar Companies
- Business
- FT Vest U.S. Equity Buffer ETF - June (FJUN) is an exchange-traded fund that seeks to provide investors with returns, before fees and expenses, that match the price return of the SPDR S&P 500 ETF Trust (SPY) up to a predetermined upside cap, while offering a buffer against the first 10% of losses in SPY over a one-year target outcome period from outcome start date to expiration date; the fund invests substantially all of its net assets in Flexible Exchange (FLEX) Options referencing SPY. It operates within the defined outcome ETF segment of the asset management industry, targeting retail and institutional investors seeking equity exposure with downside protection and capped upside potential; shares trade on the Cboe BZX Exchange under the ticker FJUN. The fund is part of First Trust Exchange-Traded Fund VIII, sponsored and distributed by First Trust Portfolios L.P., with investment advisory services provided by First Trust Advisors L.P. (headquartered in Wheaton, Illinois) and sub-advisory from Vest Financial LLC (headquartered in McLean, Virginia, founded 2012); FJUN launched on June 19, 2020, and maintains U.S.-domiciled operations focused on the North American market. Core holdings consist primarily of FLEX Options on SPY, including call and put options with varying strike prices and expiration aligned to the target outcome period (e.g., June 24, 2024, to June 20, 2025, for the current period), with top holdings typically comprising over 98% of the portfolio in such options; the strategy resets annually with new caps and buffers determined by prevailing market conditions at period start, exposing investors to full losses beyond the buffer while limiting gains above the cap. The net expense ratio stands at 0.85%, with assets under management recently surpassing $1 billion and average daily volume around 24,000 shares. Recent developments include ongoing monthly distributions announced by First Trust Advisors for related FT Vest buffer and premium income ETFs in 2025, such as the September series counterpart; the current target outcome period commenced June 24, 2024, establishing a refreshed 10% buffer and cap amid volatile market conditions. First Trust completed reorganizations of certain WCM mutual funds into its ETF platform in October 2024, expanding its suite of actively managed and target outcome strategies, though not directly involving FJUN; broader First Trust initiatives feature deepened partnership with Vest Financial for target outcome innovations and prior acquisitions like Veriti Management in 2022 to enhance direct indexing capabilities. No major name changes, funding rounds, or FJUN-specific product launches occurred in the last 1-2 years, with focus remaining on periodic outcome resets and portfolio management.