VanEck U.S. Equity Buffer ETF - October (OCT)

The VanEck U.S. Equity Buffer ETF - October (OCT) is a defined-outcome exchange-traded fund from VanEck. It seeks to provide returns tied to the U.S. large-cap equity market over a one-year outcome period that begins in October, while limiting losses within a predetermined range.

The fund uses options on a broad U.S. equity index or index fund to buffer against a specified portion of losses over the outcome period, in exchange for a cap on the upside return it can deliver. The buffer and cap are set at the beginning of each annual period, and the fund resets its option positions when a new period starts.