First Trust Exchange-Traded Fund VIII - FT Vest U.S. Equity Uncapped Accelerator ETF - July
UXJL
Chicago Board Options Exchange- -
USD
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- -
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- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 120 East Liberty Drive, Suite 400 Wheaton IL United States of America 60187
- IPO Date
- Jul 21, 2025
- CIK
- 0001667919
- Similar Companies
- Business
- First Trust Exchange-Traded Fund VIII – FT Vest U.S. Equity Uncapped Accelerator ETF – July is a U.S.-domiciled actively managed target-outcome exchange-traded fund that seeks to provide investors with a rate of return that exceeds the positive price return of the SPDR S&P 500 ETF Trust, subject to specified outcome conditions, over approximately annual July-to-July target outcome periods. The fund, which trades on Cboe BZX under ticker UXJL, was launched on July 18, 2025, and is a series of First Trust Exchange-Traded Fund VIII. First Trust Advisors L.P., headquartered in Wheaton, Illinois, serves as investment adviser, while Vest Financial LLC serves as sub-adviser. The fund’s principal investment products consist of FLEX Options linked to the SPDR S&P 500 ETF Trust (SPY), including long call options and option-spread structures designed to create predefined target-outcome exposure to U.S. large-cap equities. UXJL generally invests substantially all of its assets in such SPY-linked options and offers exposure intended to accelerate positive SPY price performance once SPY exceeds a predetermined target upside deductible, while retaining uncapped upside participation at the stated upside rate for the applicable outcome period. The fund does not directly provide a diversified portfolio of operating-company shares; rather, it provides options-based exposure to the U.S. equity market, principally the S&P 500, for investors seeking defined-outcome and enhanced-upside strategies. For its initial target outcome period, from July 21, 2025 through July 17, 2026, UXJL sought to outperform SPY’s positive price return if SPY appreciated by more than 2% from its starting level, with a stated upside rate of return of 123% before fund fees and expenses. The fund participates in losses of the underlying ETF and may not produce a positive return if SPY rises during the period but does not finish above the 2% target upside deductible. The target outcome structure is reset for each subsequent annual July outcome period, with the applicable upside rate determined based on prevailing market conditions and disclosed at the start of the new period. A principal recent development was the fund’s launch in July 2025 as part of First Trust and Vest Financial’s FT Vest U.S. Equity Uncapped Accelerator ETF lineup, expanding their target-outcome ETF offerings for investors seeking systematic options-based U.S. large-cap equity exposure. In 2026, UXJL was also included as an underlying holding in the FT Vest Laddered U.S. Equity Uncapped Accelerator ETF, a fund-of-funds strategy that allocates across multiple monthly FT Vest U.S. Equity Uncapped Accelerator ETFs to diversify target-outcome start dates.