##  [# First Trust Adds January Defined Outcome ETFs](/sections/daily-etf-watch/first-trust-adds-january-defined-outcome-etfs) 

 

# First Trust Adds January Defined Outcome ETFs

 

 

The issuer's family of defined outcome funds is almost complete.



 

 

 

 

 [![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)

 Jan 19, 2021

 Edited by: Heather Bell

 

 

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Today, First Trust rolled out another two additions to its new lineup of defined outcome ETFs that debuted a little over a week ago. The **[FT Cboe Vest U.S. Equity Buffer ETF – January (FJAN)](https://www.sec.gov/Archives/edgar/data/0001667919/000144554621000253/etf8_497k.htm)** and the **[FT Cboe Vest U.S. Equity Deep Buffer ETF – January (DJAN)](https://www.sec.gov/Archives/edgar/data/0001667919/000144554621000254/etf8_497k.htm)** both 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 Jan. 19, 2021, through Jan. 21, 2022. FJAN will allow investors to receive upside returns up to 14.50% before fees while protecting against declines of up to 10% before fees. Meanwhile, DJAN will allow investors to experience positive returns of up to 8.20% before fees while protecting them from declines of more than 5% and up to 30% before fees.

The actively managed portfolios for both DJAN and FJAN 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 original First Trust ETFs in the firm’s new family included the **[FT Cboe Vest U.S. Equity Deep Buffer ETF – August (DAUG)](https://www.etf.com/daug)** and **[FT Cboe Vest U.S. Equity Buffer ETF – August (FAUG)](https://www.etf.com/faug)**, and these latest additions bring the total lineup of the firm’s defined outcome ETFs tied to the S&amp;P 500 Index to 20. Funds for March and April have yet to launch. First Trust has also initiated lines of similar ETFs tied to the Nasdaq-100 Index and the MSCI EAFE Index.

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

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