DAPR
FT Vest U.S. Equity Deep Buffer ETF - April
📎 Investment Objective
The FT Vest U.S. Equity Deep Buffer ETF - April (DAPR) seeks to provide investors with a buffer against losses in the U.S. equity market over a defined one-year period, while providing upside participation.
Overview
ETF tracking FT Vest U.S. Equity Deep Buffer ETF - April
Performance
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Investment Summary
📎 Investment Objective
The FT Vest U.S. Equity Deep Buffer ETF - April (DAPR) seeks to provide investors with a buffer against losses in the U.S. equity market over a defined one-year period, while providing upside participation.
🎯 Investment Strategy
DAPR is a 'buffer ETF' that aims to provide downside protection by limiting losses to a predetermined percentage (the 'buffer') over a one-year outcome period, while allowing for upside participation in the U.S. equity market up to a cap. The fund utilizes a portfolio of options contracts to achieve this outcome.
✨ Key Features
- Defined one-year outcome period with a predetermined buffer against losses
- Potential for upside participation in the U.S. equity market up to a cap
- Resets annually in April to provide a new one-year outcome period
⚠️ Primary Risks
- Market risk: The fund's performance is tied to the U.S. equity market and can be volatile
- Capped upside potential: The fund's returns are capped, limiting potential gains
- Counterparty risk: The fund's options-based strategy exposes it to the creditworthiness of its counterparties
- Reset risk: The fund's parameters are reset annually, which may result in different levels of downside protection and upside caps
👤 Best For
DAPR may be suitable for investors seeking equity market exposure with a level of downside protection, who have a one-year investment horizon and are comfortable with the fund's capped upside potential.