FT Vest U.S. Equity Enhance & Moderate Buffer ETF - December
XDEC
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 20, 2021
- CIK
- 0001667919
- Website
- ftportfolios.com
- Similar Companies
- Business
- FT Vest U.S. Equity Enhance & Moderate Buffer ETF - December (XDEC) is an exchange-traded fund launched on December 17, 2021, that seeks to provide investors with returns before fees and expenses that correspond to approximately twice (2x) the positive price return of the SPDR S&P 500 ETF Trust (SPY), up to a predetermined cap, while offering a moderate downside buffer of approximately 15% against SPY losses over a one-year Target Outcome Period ending in December each year. The fund achieves its target outcomes through investments primarily in FLEX Options referencing SPY, including long and short positions such as calls and puts, resulting in a portfolio heavily weighted toward these derivatives (top holdings typically comprising over 99% of assets), with minor allocations to cash, U.S. stocks, and non-U.S. stocks. Managed within the defined outcome ETF category, XDEC focuses on large-cap U.S. equity exposure with a blend investment style, exhibiting low beta (around 0.41) and serving retail and institutional investors seeking enhanced upside participation with partial downside protection. The ETF operates as part of the FT Vest suite offered through First Trust Exchange-Traded Fund IV, an open-end management investment company domiciled in the United States and advised by First Trust Advisors L.P., headquartered in Wheaton, Illinois, with additional offices in Austin, Texas, and Franklin, Tennessee. First Trust Advisors L.P., founded in 1991 alongside affiliate First Trust Portfolios L.P., provides investment management for a broad range of products including unit investment trusts, closed-end funds, and other ETFs, with the Target Outcome strategies licensed from Vest Financial LLC. XDEC trades on the Cboe BZX Exchange, with total net assets of approximately $190 million, a net expense ratio of 0.85%, and availability primarily in the United States market. In recent developments, First Trust expanded its FT Vest lineup in June 2025 with the launch of the FT Vest Laddered Enhance & Moderate Buffer ETF (BUFX), which holds a portfolio of twelve underlying FT Vest U.S. Equity Enhance & Moderate Buffer ETFs like XDEC to provide laddered exposure to similar 2x SPY upside strategies with 15% buffers over rolling one-year periods, and the FT Vest Laddered Max Buffer ETF (BUFH), focusing on maximum buffer protection. These launches reflect ongoing innovation in target outcome solutions amid volatile equity markets, building on Vest Financial's management of over $48 billion in assets under management/administration across more than 250 products. No major acquisitions, funding rounds, or name changes specific to XDEC were reported in the last 1-2 years, though institutional holdings adjustments occurred, such as Truist Financial Corp reducing its stake by 95.4% in Q2 2025.