FT Vest U.S. Equity Buffer ETF - March
FMAR
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
- Mar 22, 2021
- CIK
- 0001667919
- Website
- ftportfolios.com
- Similar Companies
- Business
- FT Vest U.S. Equity Buffer ETF - March (FMAR) is an exchange-traded fund that seeks to provide investors with buffered losses and capped gains linked to the price return of the SPDR S&P 500 ETF Trust (SPY) over a one-year target outcome period ending in March each year; the fund employs FLEX options on SPY combined with collateral investments such as U.S. Treasuries and cash equivalents to achieve its predefined outcomes, including protection against the first 9%-15% of SPY losses (depending on the period) while limiting upside participation beyond an annually reset cap determined by market conditions at the start of each period. Launched on March 19, 2021, and domiciled in the United States, FMAR trades on the Cboe BZX Exchange under the ticker FMAR with an expense ratio of 0.85% and assets under management exceeding $900 million as of late 2025; it is part of the First Trust Exchange-Traded Fund VIII statutory trust, advised by First Trust Advisors L.P. (headquartered in Wheaton, Illinois, founded in 1991) and sub-advised by Vest Financial LLC, the pioneer of Target Outcome Investments. The fund targets investors seeking defined outcome strategies in the large-cap U.S. equity market, primarily financial advisors and institutional clients, with geographic focus on North American developed markets through its SPY-linked exposure. Recent developments include the ongoing expansion of First Trust's Target Outcome ETF lineup, with launches such as the First Trust Vest US Equity Buffer UCITS ETF - April (FAPR) in April 2025 on the London Stock Exchange, extending buffered strategies to European investors, and the introduction of new buffer and premium income series funds in 2025; First Trust also announced proposed reorganizations in October 2025 of four Vest-advised mutual funds into First Trust-advised mutual funds, alongside the launch of the First Trust Enhanced Stocks, Bonds & Gold ETF (ESBG) in November 2025. In September 2025, First Trust modified the investment strategy, name, and ticker of its Clean Energy ETF to the First Trust EIP Power Solutions ETF (FPWR), reflecting strategic shifts toward power solutions and carbon impact themes; the firm further expanded its Target Outcome offerings with the DLAG dual directional buffer ETF based on SPY. These changes underscore First Trust's and Vest Financial's commitment to innovating outcome-oriented products amid growing ETF flows exceeding $10 billion in sub-advised assets, while FMAR itself maintains its core March buffer strategy with periodic cap and buffer resets.