First Trust Portfolios Canada Announces Cap, Buffer and Dates of August Buffer ETF
August 16 2024 - 9:25PM
FT Portfolios Canada Co. (“First Trust Canada”), announced today
that the cap, buffer and dates for the next Target Outcome Period
for the First Trust Vest U.S. Equity Buffer ETF – AUG (AUGB.F) (the
“fund” or “August Buffer ETF”) are as follows:
TICKER |
CAP |
BUFFER |
OUTCOME PERIOD |
AUGB.F |
14.54% (Gross) |
10% |
19/08/2024 – 15/08/2025 |
|
The previous Target Outcome Period for AUGB.F
concluded on August 16, 2024 and the upside cap for the new Target
Outcome Period has been reset to prevailing market conditions.
The fund seeks an outcome that provides
investors with returns (before fees, expenses and taxes) that match
the price return of the SPDR® S&P 500® ETF Trust (“SPY” or
“underlying ETF”), up to a predetermined upside cap, while
providing a buffer against potential SPY losses. The fund is
managed and sub-advised by Vest Financial LLC (“Vest”) using a
“target outcome strategy” or pre-determined target investment
outcome.
If an investor purchases hedged units after the
first day of the Target Outcome Period, they will likely have a
different return potential than an investor who purchased hedged
units at the start of the Target Outcome Period and the buffer the
fund seeks may not be available.
First Trust Canada believes a buffer against a
level of losses can help investors stay invested during volatile
times. The fund offers a way to gain access to outcome-based
investing—specifically to buffer against a level of downside risk
while allowing growth to a maximum cap— eliminating bank credit
risk, in a convenient, flexible investment vehicle.
Karan Sood and Howard Rubin, of Vest, serve as a
portfolio managers for the fund. The portfolio managers are jointly
and primarily responsible for making investment management
decisions for the fund.
For further information: Media Contact: Susan
Johnson, FT Portfolios Canada Co., 40 King Street West, Suite 5102,
Email: susanjohnson@firsttrust.ca, 1-877-622-5552.
About First Trust First Trust
Canada is the trustee, manager and promoter of the fund. First
Trust Canada and its affiliates First Trust Advisors L.P. (“FTA”),
portfolio advisor to the fund, an Ontario Securities Commission
registered portfolio manager and U.S. Securities and Exchange
Commission registered investment advisor, and First Trust
Portfolios L.P., a FINRA registered broker-dealer, are privately
held companies that provide a variety of investment services. FTA
has collective assets under management or supervision of
approximately U.S.$235.63 billion as of July 31, 2024 through unit
investment trusts, exchange-traded funds, closed-end funds, mutual
funds and separate managed accounts. For more information, visit
www.firsttrust.ca.
About Vest: Vest (formerly,
Cboe Vest) is the creator of Target Outcome Investments®, which
strive to buffer losses, amplify gains or provide consistent income
to a diverse spectrum of investors. Today, Vest’s Target Outcome
Strategies™ are available in mutual funds, exchange-traded funds
(ETFs), unit investment trusts (UITs), collective investment trusts
(CITs), and customizable managed accounts / sub-advisory services.
For more information about Vest and the evolution of Target Outcome
Investments, visit www.vestfin.com or contact Linda Werner at
lwerner@vestfin.com or 703-864-5483.
There may be commissions, management
fees and expenses associated with ETF investments. ETFs are not
guaranteed, their values change frequently and past performance may
not be repeated. Please read the prospectus of the fund before
investing. Contact FT Portfolios Canada at 1-877-622-5552 or
visit www.firsttrust.ca to obtain
a copy of the prospectus and ETF Facts for the fund.
Important Information
The information presented is not intended to
constitute an investment recommendation for, or advice to, any
specific person. Financial advisors are responsible for evaluating
investment risks independently and for exercising independent
judgment in determining whether investments are appropriate for
their clients.
First Trust Advisors L.P. is the portfolio
advisor to the fund. First Trust Advisors L.P. is an affiliate of
FT Portfolios Canada Co., the trustee, manager and promoter of the
fund.
Further information about First Trust
Canada’s ETFs can be found at www.firsttrust.ca.
CONTACT: |
|
Susan
Johnson |
|
|
FT Portfolios Canada Co. |
|
|
(416) 865-8054 |
|
|
susanjohnson@firsttrust.ca |
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