First Trust Lists March Series of Target Outcome ETFs Buffer Strategies Based on QQQ, EFA and SPY - Seite 2

**FT Cboe Vest U.S. Equity Deep Buffer ETF seeks to shield investors against losses from -5% to -30%, over the outcome period.

If an investor purchases shares after the first day of the Target Outcome Period, they will likely have a different return potential than an investor who purchased shares at the start of the Target Outcome Period and the buffer the funds seek may not be available. At the end of the Target Outcome Period, the upside cap for the new Target Outcome Period is reset to prevailing market conditions. The funds have a perpetual structure and may be held indefinitely, providing investors a buy and hold investment opportunity.

First Trust believes a buffer against a level of losses can help investors stay invested during volatile times. The funds offer 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.

“We have found the increased volatility in equity markets over the past year has been an important catalyst in driving interest in Target Outcome ETFs. We believe these ETFs may be effective tools for investment professionals seeking to dampen volatility, while providing hedged exposure to US and international indices,” said Ryan Issakainen, CFA, Senior Vice President, ETF Strategist at First Trust.

First Trust’s suite of Buffer ETFs, have over $1.69 billion in total net assets as of 2/26/21 and are among the fastest growing in the Target Outcome Investments/defined outcome space. The funds are managed and sub-advised by Cboe Vest Financial LLC (“Cboe Vest”) using a “target outcome strategy” or pre-determined target investment outcome. Cboe Vest is the creator of Target Outcome Investments (also known as “defined outcome” investments) and manager of the longest running Buffer Strategy fund.

“From our first patent filing in 2012, to the launch of these newest funds, Cboe Vest’s commitment to designing outcome-oriented Target Outcome Strategies^TM and managing them with precision has remained true. We are pleased to continue leading innovation in the industry, working with First Trust to introduce Buffer Strategies offering investors exposure to a range of reference assets,” said Karan Sood, CEO of Cboe Vest and one of the portfolio managers for the funds.