##  [# First Trust Debuts February ETF Family](/sections/daily-etf-watch/first-trust-debuts-february-etf-family) 

 

# First Trust Debuts February ETF Family

 

 

The new target outcome ETFs will reset annually in February.



 

 

 

 

 [![HeatherBell_green_bg](/sites/default/files/styles/author_image_icon/public/2023-03/heather2.png?itok=5J9vBlda)](/contributors/heather-bell) 

[By Heather Bell](/contributors/heather-bell)

 Feb 24, 2020

 Edited by: Heather Bell

 

 

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Today, First Trust launched another two additions to its lineup of target outcome ETFs that it began to roll out last year. The **[**FT Cboe Vest U.S. Equity Buffer ETF – February (FFEB)**](https://www.sec.gov/Archives/edgar/data/1667919/000144554620001108/etf8_497c.htm)** and the **[**FT Cboe Vest U.S. Equity Deep Buffer ETF – February (DFEB)**](https://www.sec.gov/Archives/edgar/data/1667919/000144554620001110/etf8_497c.htm)** allow investors to participate in the upside of the market up to a cap that is reset annually while receiving protection from declines up to a certain percentage.

Both ETFs come with an expense ratio of 0.85% and list on Cboe Global Markets, the parent company of ETF.com.

**How They Work**

The funds cover an outcome period ranging from Feb. 24, 2020, through Feb. 19, 2021. FFEB will allow investors to receive upside returns up to 10.75% before fees while protecting against declines of up to 10% before fees. Meanwhile, DFEB will allow investors to experience positive returns of up to 7.50% before fees while protecting them from declines of more than 5% and up to 30% before fees.

The actively managed portfolios for both DFEB and FFEB hold baskets of flexible exchange options (FLEX) tied to the **[SPDR S&amp;P 500 ETF Trust (SPY)](https://www.etf.com/spy)** with the overall aim of reflecting the performance of SPY within their predetermined limits. The funds are subadvised by Cboe Vest.

These latest additions bring the total lineup of First Trust target outcome ETFs to six, with more than $50 million in combined assets under management

*Contact Heather Bell at <hbell@etf.com>*



 

 

 [ Heather Bell ](/contributors/heather-bell) 

 

 

  Heather Bell is a former managing editor of etf.com. She has also held editorial positions at Dow Jones Indexes and Lehman Brothers. Bell is a…   [View Bio](/contributors/heather-bell)

 



 

 


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