Home Logon FTA Investment Managers Blog Subscribe About Us Contact Us

Search by Ticker, Keyword or CUSIP       
 
 

Upcoming Target Outcome Unit Investment Trusts

Target Outcome Unit Investment Trusts - Historical Cap Ranges
Trust Name Approx.
Buffer Level
(% of NAV)
Reference Asset Approx. Term Pre-Ticketing Deadline Pricing Date
Vest Large Cap Buffered 10, 88 10% SPY 15-Month 10/3/2025 10/6/2025
Vest Nasdaq 100 Buffered 10, 23 10% QQQ 15-Month 10/9/2025 10/10/2025
Vest Nasdaq 100 Buffered 20, 27 20% QQQ 15-Month 10/13/2025 10/14/2025
Vest Small Cap Buffered 20, 15 20% IWM 15-Month 10/15/2025 10/16/2025
Vest Large Cap Deep Buffered 30, 46 30% SPY 15-Month 10/15/2025 10/16/2025
Vest 2-Year Large Cap Buffered 20, 26 20% SPY 2-Year 10/17/2025 10/20/2025
Vest Large Cap Deep Buffered 20, 93 20% SPY 15-Month 10/21/2025 10/22/2025
Vest Enhanced Large Cap Buffered 15, 32 15% SPY 15-Month 10/23/2025 10/24/2025
Vest Semiconductor Buffered 20, 3 20% SMH 15-Month 10/23/2025 10/24/2025
Historical Cap Ranges (as of 10/2/2025)
Account Type Low High CUSIP Terms
15.73% 18.11% ---- Click here to download Terms
13.16% 15.49% 30342K141
14.72% 17.08% 30342K158
19.38% 21.90% ---- Click here to download Terms
16.74% 19.20% 30342K240
18.34% 20.84% 30342K257
13.69% 15.30% ---- Click here to download Terms
11.17% 12.75% 30342K448
12.70% 14.29% 30342K455
16.54% 18.10% ---- Click here to download Terms
13.95% 15.48% 30342K646
15.52% 17.07% 30342K653
9.79% 10.64% ---- Click here to download Terms
7.36% 8.19% 30342K620
8.83% 9.68% 30342K638
18.30% 20.54% ---- Click here to download Terms
14.62% 16.79% 30342M105
17.27% 19.49% 30342M113
11.65% 12.91% ---- Click here to download Terms
9.18% 10.41% 30342M469
10.68% 11.93% 30342M477
11.20% 12.28% ---- Click here to download Terms
8.74% 9.79% 30342M485
10.23% 11.30% 30342M493
20.80% 24.63% ---- Click here to download Terms
18.12% 21.87% 30342M584
19.75% 23.55% 30342M592
The historical cap ranges shown are from 9/2/2025 - 10/2/2025 and estimated current caps, if shown, are as of 10/2/2025. These caps are not are not intended to be predictive. These represent the highest, lowest and current estimated caps available using the portfolio strategy of purchasing and writing put and call options on the underlying ETF during market conditions from the referenced dates. The actual cap for each portfolio will be established on the initial date of deposit and is dependent upon current market conditions at that time.
Caps shown are net of any sales charges or organization costs.
Buffer level does not account for sales charges, organization costs, or any additional fees and expenses that may be incurred.
Volatility and other market conditions may cause the cap set by the strategy to be higher or lower than the cap stated. Both the cap and buffer are fixed levels that are calculated in relation to the price of the underlying ETF as of the time the FLEX Options are executed on the trust’s initial date of deposit. Any change in the market value of the trust’s assets between the time the FLEX Options are executed and the evaluation time on the initial date of deposit will result in unitholders experiencing a cap or a buffer different from what is described herein.
Definitions
SPY - SPDR® S&P 500® ETF Trust is an exchange-traded fund based on the S&P 500 Index, which is an unmanaged index of 500 companies used to measure large-cap U.S. stock market performance.
QQQ - Invesco QQQ TrustSM, Series 1 is an exchange-traded fund based on the Nasdaq-100 Index®, which is an unmanaged index that includes 100 of the largest domestic and international nonfinancial companies listed on the Nasdaq Stock Market based on market capitalization.
IWM - iShares Russell 2000 ETF is an exchange-traded fund based on the Russell 2000 Index which is composed of small-capitalization U.S. equities.
SMH - The VanEck Semiconductor ETF is an exchange-traded fund based on the MVIS® US Listed Semiconductor 25 Index which seeks to track the overall performance of the largest and most liquid U.S. exchange-listed companies involved in semiconductor production and equipment.
A trust's ability to provide returns with a capped upside and defined downside protection is dependent on unit holders purchasing units at a price equal to the initial net asset value and holding them until the trust's termination date.
The Sponsor may elect to postpone a trust if certain adverse market conditions occur that affect volatility and pricing of the FLEX Options.
The information in the prospectus is not complete and may be changed. We may not sell these securities until the registration statement filed with the Securities and Exchange Commission is effective. The prospectus is not an offer to sell these securities and is not soliciting an offer to buy these securities in any state where the offer or sale is not permitted.
The Target Outcome registered trademarks are registered trademarks of Vest Financial LLC.
You should carefully consider the trust's investment objectives, risks, and charges and expenses before investing. Contact your financial professional or call First Trust Portfolios, L.P. at 1.800.621.1675 to request a prospectus, which contains this and other information about the trust. Read it carefully before you invest.
 
The information presented is not intended to constitute an investment recommendation for, or advice to, any specific person. By providing this information, First Trust is not undertaking to give advice in any fiduciary capacity within the meaning of ERISA, the Internal Revenue Code or any other regulatory framework. Financial professionals are responsible for evaluating investment risks independently and for exercising independent judgment in determining whether investments are appropriate for their clients.
Follow First Trust:  
First Trust Portfolios L.P.  Member SIPC and FINRA. (Form CRS)   •  First Trust Advisors L.P. (Form CRS)
Home |  Important Legal Information |  Privacy Policy |  California Privacy Policy |  Business Continuity Plan |  FINRA BrokerCheck
Copyright © 2025 All rights reserved.