FNOV

📎 Investment Objective

The FT Vest U.S. Equity Buffer ETF - November seeks to provide investors with a buffer against downside losses in the U.S. equity market over a one-year period, while providing upside participation.

✨ Key Features

• Defined outcome strategy with a one-year outcome period
• Provides a buffer against the first 10-15% of losses in the U.S. equity market
• Allows for participation in a portion of the U.S. equity market's gains up to a predetermined cap
• Resets the buffer and cap annually on the fund's target date

⚠️ Primary Risks

• Market risk: The ETF's returns are tied to the performance of the U.S. equity market and may decline in value if the market falls
• Capped upside risk: The ETF's upside participation is limited by the predetermined cap, so investors may miss out on full equity market gains
• Counterparty risk: The ETF's options-based strategy exposes it to the creditworthiness of the options counterparties
• Liquidity risk: The options-based strategy may result in lower liquidity compared to traditional equity ETFs

👤 Best For

The FT Vest U.S. Equity Buffer ETF - November may be suitable for investors seeking equity market exposure with a level of downside protection, particularly those with a one-year investment horizon who are willing to forgo some upside potential in exchange for the buffer against losses.