First Trust Exchange-Traded Fund VIII - FT Vest U.S. Equity Buffer & Premium Income ETF - June
XIJN
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
- Jun 24, 2024
- CIK
- 0001667919
- Similar Companies
- Business
- First Trust Exchange-Traded Fund VIII – FT Vest U.S. Equity Buffer & Premium Income ETF – June (XIJN) is a U.S.-listed, actively managed, non-diversified exchange-traded fund designed to provide a targeted level of income and partial downside protection for investors in U.S. large-cap equities. The fund seeks to generate a consistent income stream while buffering the first 10% of losses in the share price of the SPDR S&P 500 ETF Trust over each approximately one-year Target Outcome Period, subject to applicable conditions, caps and fund expenses. XIJN principally invests in exchange-traded flexible exchange options referencing the SPDR S&P 500 ETF Trust and U.S. Treasury securities, using an options-based defined-outcome strategy to establish its targeted income and buffer profile; it distributes income monthly; and its shares trade on the Cboe BZX Exchange. The fund is intended for investors seeking equity-market exposure paired with option-premium-derived income and a predetermined, limited loss buffer, rather than direct ownership of the underlying S&P 500 constituents. XIJN is a series of First Trust Exchange-Traded Fund VIII and is advised by First Trust Advisors L.P., an affiliate of First Trust Portfolios L.P., the fund’s distributor. The Target Outcome trademarks are owned by Vest Financial LLC. The fund commenced operations on June 21, 2024, and operates in the United States through the First Trust fund complex, which is headquartered in Wheaton, Illinois. The fund’s strategy is reset for successive annual Target Outcome Periods and may use cash creations and redemptions. Its ability to provide the intended buffer and income profile depends on purchasing fund shares at the beginning of the applicable outcome period and holding them through its end; investors purchasing later or selling earlier may experience different results, and the strategy does not eliminate the risk of loss. Recent operational developments include the continuation of monthly distribution declarations by First Trust Advisors; XIJN declared a monthly ordinary-income distribution of $0.1721 per share in July and August 2026, following a $0.1788 per-share distribution declared in June 2026.