FT Vest Nasdaq-100 Dual Directional Buffer ETF - June (DQJN)

The FT Vest Nasdaq-100 Dual Directional Buffer ETF - June (DQJN) is a defined-outcome fund from First Trust, sub-advised by Vest Financial. It seeks returns linked to the Invesco QQQ Trust, which tracks the Nasdaq-100 Index, over a one-year outcome period that begins each June, and it gains this exposure through FLEX options.

The strategy offers upside participation in the reference ETF up to a cap, along with a buffer against a defined range of losses. Within that buffered range, declines in the reference ETF are intended to produce positive returns for shareholders, the dual directional feature. Losses beyond the buffer are passed through to the investor.

The cap and buffer are reset at the start of each outcome period, and the stated outcomes assume shares are held for the full period.