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DAUG - FT U.S. Equity Deep Buffer ETF August

FT U.S. Equity Deep Buffer ETF August logoFT U.S. Equity Deep Buffer ETF August (DAUG) is an exchange-traded fund offered by Innovator Capital Management. It is part of their ďDefined Outcome ETFĒ series, which offers exposure to equity markets while providing downside protection through the use of options.

The DAUG ETF aims to provide investors with exposure to the S&P 500 Index while limiting the downside risk in the event of a decline in the market. The fund is designed to provide a buffer against the first 15% of losses in the S&P 500 Index during the period from August to September of each year, using a combination of cash and options. The fund does not provide any upside participation beyond this buffer.

The DAUG ETF charges an expense ratio of 0.79%, which is relatively high compared to other passive index ETFs. As with all defined outcome ETFs, the fundís performance is dependent on the options contracts it holds, which can be complex financial instruments. As such, investors should carefully review the fundís prospectus and consult with a financial advisor before investing.

It is impportant to note that the buffer offered by the DAUG ETF does not provide complete protection against losses in the market. Investors should be aware that the fundís value will decline if the S&P 500 Index declines by more than 15% during the defined outcome period. Additionally, the buffer resets each year, so the fundís protection is only effective during the specified time period.

 



 

 

 
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