FT Vest U.S. Equity Moderate Buffer ETF - December
GDEC
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.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 120 East Liberty Drive, Suite 400 Wheaton IL United States of America 60187
- IPO Date
- Dec 18, 2023
- Website
- ftportfolios.com
- Similar Companies
- Business
- FT Vest U.S. Equity Moderate Buffer ETF - December (GDEC) is an actively managed 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 up to a predetermined upside cap while offering a buffer against the first 15% of underlying ETF losses over a defined target outcome period. The fund invests substantially all of its assets in Flexible Exchange (FLEX) Options referencing the SPDR S&P 500 ETF Trust, supplemented by cash equivalents and collateral such as government securities; it does not directly hold S&P 500 constituent stocks but derives exposure through these customized options contracts traded on the CBOE exchange. GDEC targets retail and institutional investors seeking large-cap U.S. equity exposure with downside protection and capped upside participation, operating within the defined outcome ETF segment of the asset management industry. Launched on December 15, 2023, and domiciled in the United States, the ETF is issued by First Trust Exchange-Traded Fund VIII, a series trust advised by First Trust Advisors L.P., with investment strategies supported by Vest Financial LLC's target outcome methodologies; First Trust Advisors, founded in 1991, maintains headquarters at 120 East Liberty Drive, Suite 400, Wheaton, Illinois. The fund trades on the Cboe BZX Exchange under the ticker GDEC, with assets under management reaching approximately $450 million as of recent reports. For the current target outcome period from December 23, 2024, to December 19, 2025, GDEC features an upside cap of 12.31% and a 15% loss buffer, both before fees and expenses, with new caps and buffers reset at the start of each subsequent annual period based on prevailing market conditions. Recent holdings as of late 2025 reflect primary exposure to FLEX Options on the SPDR S&P 500 ETF expiring December 2025, alongside minimal cash equivalents like Dreyfus Government Cash Management Institutional shares. The fund has grown its assets amid sustained market interest in buffered equity strategies, with no major acquisitions, partnerships, or strategic shifts reported in the past 1-2 years beyond routine outcome period renewals and quarterly holdings updates.