FT Vest Emerging Markets Buffer ETF - December (TDEC)

The FT Vest Emerging Markets Buffer ETF - December (TDEC) is an exchange-traded fund from First Trust, with Vest Financial as sub-adviser, that provides defined-outcome exposure to emerging markets equities.

The fund uses FLEX options referencing the iShares MSCI Emerging Markets ETF to create a buffered return profile over a one-year outcome period that begins each December. The options are structured to absorb a specified portion of losses in the reference ETF over the period, while gains are limited by a cap that is reset at the start of each new period.

Its objective is to let investors participate in emerging markets stock returns up to the cap while reducing downside exposure, with the outcomes applying only to shares held for the full period.