FT Vest U.S. Equity Enhance & Moderate Buffer ETF - October
XOCT
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
- Oct 23, 2023
- Website
- ftportfolios.com
- Similar Companies
- Business
- FT Vest U.S. Equity Enhance & Moderate Buffer ETF - October (XOCT) is an exchange-traded fund that seeks to deliver specific target investment outcomes linked to the SPDR S&P 500 ETF Trust (SPY), including approximately twice (2x) the positive price return of SPY up to a predefined cap while providing a buffer against the first 15% of SPY losses over a one-year Target Outcome Period from October 23, 2023, through October 18, 2024. The fund invests substantially all of its assets in FLEX Options referencing SPY; these customized exchange-traded options enable the enhanced upside exposure subject to the cap and the downside buffer, with subsequent Target Outcome Periods resetting the cap based on prevailing market conditions. Launched on October 20, 2023, and listed on Cboe, the fund is part of First Trust Exchange-Traded Fund VIII, advised by First Trust Advisors L.P. (headquartered in Wheaton, Illinois) with Vest Financial LLC serving as sub-advisor. The ETF operates within the defined outcome ETF segment of the asset management industry, targeting investors seeking equity-linked returns with downside protection and upside enhancement; it primarily serves retail and institutional investors focused on U.S. large-cap equities via SPY exposure. Geographically, the fund focuses on U.S. markets, with assets under management reaching approximately $117 million as of recent data and shares outstanding at 3.20 million; its non-diversified portfolio is heavily concentrated in FLEX Options on SPY (top holdings comprising over 99% of assets). Recent developments include monthly distributions announced by First Trust Advisors in September 2025, alongside ongoing resets for new Target Outcome Periods that adjust the upside cap and buffer parameters annually. First Trust has expanded its broader Target Outcome ETF lineup, which encompasses XOCT, to 125 funds with over $33 billion in total net assets as of September 30, 2025, reflecting a 32% year-over-year increase driven by new launches such as the FT Vest U.S. Buffer & Digital Return ETF – October (DGOC) in October 2025. In late October 2025, First Trust announced proposed reorganizations of four Vest-advised mutual funds into new ETF structures, underscoring strategic shifts toward enhanced ETF offerings under the FT Vest brand, though XOCT itself remains focused on its periodic outcome strategy without direct reorganization.