First Trust Portfolios Canada Reveals Cap, Buffer, and Schedule for First Trust Vest U.S. Equity Buffer ETF – NOV

New Target Outcome Period: First Trust Canada announced the new Target Outcome Period for the First Trust Vest U.S. Equity Buffer ETF (NOVB.F), with a cap of 16.58% and a buffer of 10%, effective from November 24, 2025, to November 20, 2026.

Investment Strategy: The fund aims to provide returns that match the price return of the SPDR S&P 500 ETF Trust (SPY) up to the cap while offering a buffer against potential losses, managed by Vest Financial LLC.

Investor Considerations: Investors purchasing units after the first day of the Target Outcome Period may experience different return potentials compared to those who invest at the start, and the fund's buffer may not be available for late investors.

Company Background: First Trust Canada, along with its affiliates, manages a variety of investment services and has significant assets under management, while Vest specializes in Target Outcome Investments designed to mitigate losses and enhance gains.