FT Vest U.S. Equity Deep Buffer ETF - August (DAUG)

FT U.S. Equity Deep Buffer ETF August (DAUG) is an exchange-traded fund offered by Innovator Capital Management. It is part of their Defined Outcome ETF 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.

As with all defined outcome ETFs, the funds performance is dependent on the options contracts it holds, which can be complex financial instruments.

It is impportant to note that the buffer offered by the DAUG ETF does not provide complete protection against losses in the market.