DAUG

FT Vest U.S. Equity Deep Buffer ETF - August

$43.67
+0.00%
Market closed. Last update: 10:57 PM ET

📎 Investment Objective

The FT Vest U.S. Equity Deep Buffer ETF - August (DAUG) seeks to provide investors with a buffer against the first 10% of losses in the U.S. equity market over a one-year period, while providing upside exposure to the market's performance.

Overview

ETF tracking FT Vest U.S. Equity Deep Buffer ETF - August

Category Other
Issuer Other
Inception Date 2019-11-07
Market Cap $359.2M
Average Volume N/A
Dividend Yield N/A
52-Week Range $36.38 - $44.10
VWAP $43.69

Performance

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Investment Summary

📎 Investment Objective

The FT Vest U.S. Equity Deep Buffer ETF - August (DAUG) seeks to provide investors with a buffer against the first 10% of losses in the U.S. equity market over a one-year period, while providing upside exposure to the market's performance.

🎯 Investment Strategy

DAUG achieves its objective by investing in a portfolio of U.S. equity securities and options contracts. The fund uses a 'buffer' strategy, where it aims to limit downside risk by providing a buffer against the first 10% of losses in the U.S. equity market over a one-year period, while allowing investors to participate in the market's upside performance.

✨ Key Features

  • Provides a 10% buffer against losses in the U.S. equity market over a one-year period
  • Offers upside exposure to the performance of the U.S. equity market
  • Resets the buffer and upside exposure annually in August
  • Expense ratio of 0.00%

⚠️ Primary Risks

  • Market risk: The fund's performance is tied to the performance of the U.S. equity market, and it may experience significant volatility
  • Derivative risk: The fund's use of options contracts to implement its buffer strategy may not be successful and could result in losses
  • Liquidity risk: The fund may have difficulty buying or selling certain securities, which could affect its performance
  • Concentration risk: The fund's focus on the U.S. equity market means it may be more susceptible to factors affecting that market

👤 Best For

DAUG may be suitable for investors seeking equity market exposure with a level of downside protection, particularly those with a medium-term investment horizon and a moderate risk tolerance. The fund's buffer strategy may appeal to investors who want to participate in the upside of the U.S. equity market while limiting their downside risk.