(FJAN) First Trust Exchange-Traded - Ratings and Ratios

The First Trust Cboe Vest U.S. Equity Buffer ETF - January (FJAN) is designed to provide investors with a defined outcome, specifically buffering against potential declines in the U.S. equity market. Under normal market conditions, the fund allocates nearly all its assets to FLEX Options, which are tied to the performance of the SPDR S&P 500 ETF Trust. These FLEX Options are highly customizable exchange-traded contracts, allowing for tailored strike prices, expiration dates, and other key terms to align with the funds objectives.

FLEX Options are a unique financial instrument that blends the flexibility of over-the-counter options with the transparency and liquidity of exchange-traded contracts. This allows the fund to implement a structured approach, aiming to limit downside risk while still participating in potential upside, albeit with a cap. The fund is non-diversified, meaning it can concentrate its investments in a smaller number of securities or strategies, which is typical for funds pursuing specific outcomes.

As of the latest data, the fund has an assets under management (AUM) of approximately $940.05 million, indicating significant investor interest in its defined outcome strategy. The fund is listed on the BATS exchange under the ticker symbol FJAN and is categorized as a U.S. Equity Buffer ETF, reflecting its focus on mitigating market downturns while maintaining exposure to the broader U.S. equity market.