FT Vest U.S. Equity Enhance & Moderate Buffer ETF - August
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Capital Structure
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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
- Aug 21, 2023
- CIK
- 0002003743
- Website
- ftportfolios.com
- Similar Companies
- Business
- FT Vest U.S. Equity Enhance & Moderate Buffer ETF – August is an actively managed exchange-traded fund organized as a series of First Trust Exchange-Traded Fund VIII and listed on Cboe BZX, with investment management provided by First Trust Advisors L.P. and sub-advisory support from Vest Financial, LLC; the fund was launched on August 18, 2023 and is based in the United States. The fund seeks to deliver, over each approximately one-year target outcome period, returns of approximately twice any positive price return of the SPDR S&P 500 ETF Trust, subject to a predetermined upside cap, while also seeking to buffer the first 15% of underlying ETF losses before fees and expenses. To pursue this outcome, the fund primarily uses customized FLEX Options referencing SPDR S&P 500 ETF Trust and may hold related call and put positions that are reset at the start of each target outcome period. The fund’s principal offering is a target outcome strategy for investors seeking enhanced upside participation with defined downside protection features; its product structure is designed for shareholders who hold from the first day through the end of a target outcome period, since results can differ materially for investors who buy or sell in the middle of a period. The fund is non-diversified and may be exposed to market risk, options risk, counterparty risk, liquidity risk, and the risk that the target outcomes are not achieved. Its stated annual fund operating expenses are 0.85%, and it is traded in U.S. dollars. Recent fund updates include a new target outcome period beginning August 24, 2026 and ending August 20, 2027, with a current pre-fee upside cap of 11.14% and an after-fee cap of 10.29%, while the buffer remains targeted at 15% before fees and 14.15% after fees. The fund’s website and prospectus indicate that each new annual period resets the cap based on prevailing market conditions, and existing shareholders are notified in advance of the next period and its anticipated cap range. The fund also continues to publish daily outcome information, holdings, and target-period disclosures for investors monitoring the strategy.