Key stats
About FT Vest U.S. Equity Dual Directional Buffer ETF - August
Home page
Inception date
Sep 19, 2025
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
First Trust Advisors LP
Distributor
First Trust Portfolios LP
ISIN
US33740U3150
DLAG seeks to offer dual directional returns by using FLEX options to match either the positive price return or the absolute or inverse value loss of SPDR S&P 500 ETF Trust (ticker: SPY) over a one-year period, starting September. The fund matches the positive price return of SPY up to a cap If SPY declines to the threshold of 10%, the fund will reflect this decline in value. Once this decline is realized, the fund seeks to limit further losses through a 10% buffer. In exchange for preventing further losses, the fund foregoes additional upside return of SPY, as options are written on the price (not total) return version of the shares. Shares must be held over the entire outcome period to achieve the intended results. At the end of the target outcome period, the fund will reset for a new outcome period tied to the same index and buffer. The issuer publishes effective interim levels daily on its website. The targeted cap and buffer do not include the fund's expense ratio.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Rights & Warrants
Bonds, Cash & Other100.00%
Rights & Warrants98.88%
Cash1.12%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
DLAG assets under management is 3.05 M USD. It's risen 103.50% over the last month.
DLAG fund flows account for 3.02 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
No, DLAG doesn't pay dividends to its holders.
DLAG shares are issued by First Trust Advisors LP under the brand FT Vest. The ETF was launched on Sep 19, 2025, and its management style is Active.
DLAG expense ratio is 0.85% meaning you'd have to pay 0.85% of your investment to help manage the fund.
DLAG follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
DLAG invests in cash.
DLAG trades at a premium (0.12%) meaning the ETF is trading at a higher price than the calculated NAV.