FT Vest U.S. Equity Enhance & Moderate Buffer ETF - November
XNOV
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
- Nov 20, 2023
- Website
- ftportfolios.com
- Similar Companies
- Business
- FT Vest U.S. Equity Enhance & Moderate Buffer ETF - November (XNOV) is an exchange-traded fund that seeks to deliver returns of approximately twice the positive price return of the SPDR S&P 500 ETF Trust (SPY), up to a predefined cap, while offering a moderate downside buffer against the first 15% of SPY losses over a one-year Target Outcome Period; the fund invests substantially all of its assets in FLEX Options referencing SPY's price performance. Launched in November 2023 and listed on Cboe BZX, XNOV operates within the defined outcome ETF segment, targeting investors seeking enhanced upside participation with loss protection in U.S. large-cap equity exposure; it is issued by First Trust Exchange-Traded Fund VIII, advised by First Trust Advisors L.P. in Wheaton, Illinois, with sub-advisory services from Vest Financial LLC. The fund resets its cap and buffer at the start of each annual Target Outcome Period based on market conditions, with recent periods showing caps around 11.30% and assets under management approximating $25-27 million as of late 2025. Recent developments include First Trust's expansion of its Target Outcome ETF lineup, adding three new funds in June 2025—FT Vest Laddered Enhance & Moderate Buffer ETF (BUFX), FT Vest Laddered Max Buffer ETF (BUFH), and others—bringing the total to over 118 funds with $29.7 billion in net assets by mid-2025, alongside ongoing monthly distribution announcements and portfolio manager updates such as Trevor Lack joining in January 2025. XNOV trades primarily in the United States, with institutional ownership from 23 holders including Americana Partners and Kestra Advisory Services, and maintains a net expense ratio of 0.85%.