Defined Outcome ETFs offer investors exposure to the price return of broad equity markets to a cap, with built-in downside buffer levels, over an outcome period of approximately one year, at which point each ETF will reset.
With 148 ETFs traded on the U.S. markets, Defined Outcome ETFs have total assets under management of $13.41B. The average expense ratio is 1.15%. Defined Outcome ETFs can be found in the following asset classes:
- Fixed Income
The largest Defined Outcome ETF is the FT Cboe Vest Fund of Buffer ETF BUFR with $739.90M in assets. In the last trailing year, the best-performing Defined Outcome ETF was DFEB at 1.01%. The most recent ETF launched in the Defined Outcome space was the Innovator Buffer Step-Up Strategy ETF BSTP on 03/08/22.