##  [# First Trust Debuts October Buffer ETFs](/sections/daily-etf-watch/first-trust-debuts-october-buffer-etfs) 

 

# First Trust Debuts October Buffer ETFs

 

 

The issuer moves closer to completing its lineup of defined outcome ETFs.



 

 

 

 

 [![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)

 Oct 19, 2020

 Edited by: Heather Bell

 

 

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Today, First Trust launched two more ETFs in its family of defined outcome ETFs. The **[FT Cboe Vest U.S. Equity Buffer ETF – October (FOCT)](https://www.sec.gov/Archives/edgar/data/0001667919/000144554620005025/etf8_497k.htm)** and the **[FT Cboe Vest U.S. Equity Deep Buffer ETF – October (DOCT)](https://www.sec.gov/Archives/edgar/data/0001667919/000144554620005027/etf8_497k.htm)** bring the lineup that much closer to completion, with only the months of December, January, March and April missing now.

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

DOCT and FOCT 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.

**How They Work**

The funds cover an outcome period ranging from Oct. 19, 2020 through Oct. 15, 2021. FOCT will allow investors to receive upside returns up to 16.22% before fees while protecting against declines of up to 10% before fees. Meanwhile, DOCT will allow investors to experience positive returns of up to 9.34% before fees while protecting them from declines of more than 5% and up to 30% before fees.

The actively managed portfolios for both DOCT and FOCT 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 family of 14 existing ETFs currently has $1.5 billion in assets under management. The new additions bring the total number of funds in the family to 16.

*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)

 



 

 


 Related Topics  [Equity](http://www.etf.com/topics/equity) 

 [Large Cap](http://www.etf.com/topics/large-cap) 

 [Defined Outcome](http://www.etf.com/topics/defined-outcome) 

 [U.S.](http://www.etf.com/topics/us)