FT Vest U.S. Equity Buffer & Premium Income ETF - June (XIJN)

The FT Vest U.S. Equity Buffer & Premium Income ETF - June is an exchange-traded fund from First Trust, sub-advised by Vest Financial, that trades on Cboe BZX under the ticker XIJN.

The fund uses an options strategy referencing U.S. large-cap equities, linked to the S&P 500, with a dual objective: to provide a buffer against a portion of losses in the underlying equity exposure and to generate premium income from selling options. Its outcome period resets annually in June.

In exchange for the buffer and the income, the fund gives up some or all of the upside participation in the underlying index. The option positions are reset at the end of each outcome period, and shares purchased midway through a period may experience different results from those targeted.