DAUG ETF — FT Vest U.S. Equity Deep Buffer ETF - August

FT Vest U.S. Equity Deep Buffer ETF - August (DAUG)

Updated October 16, 2026.

DAUG is an ETF. its expense ratio is 0.85%. Total return is 57.8% over the past 6.9 years, 115.9 points behind SPY at 173.7%.

FT Vest U.S. Equity Deep Buffer ETF - August is an ETF that invests substantially all of its assets in customized exchange-traded equity options (FLEX Options) referencing the SPDR S&P 500 ETF Trust, designed to provide exposure to U.S. large-cap equities with a defined risk buffer. The fund does not currently distribute income and carries an expense ratio of 0.85%. This structure appeals to investors seeking equity market participation with built-in downside protection through its options-based strategy.

DAUG performance versus SPY

Price and return data through 2026-10-16.

Total return is 57.8% over the past 6.9 years, 115.9 points behind SPY at 173.7%. Over the past year its total return — price change plus distributions reinvested — is 9.6%. Its deepest 1-year drawdown was 4.4%.

DAUG key facts

Issuer

First Trust

Asset type

ETF

Asset class

Equity

Inception date

11/06/2019

Expense ratio

0.85%

Distribution frequency

None

Last close

$47.59 (as of 2026-10-16)

AUM

$445,676,949

Average volume

6962.0

Beta

0.5

How Dividend Vision calculates yield and returns

Distribution rate (the posted rate) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: First Trust or company page; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

DAUG risks and drawbacks

Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 4.4%.

Who may consider DAUG — and who may not

It is a weaker fit for investors who need monthly cash flow (DAUG does not currently distribute); investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on DAUG

• All tickers starting with D

Tagged: Downside Protection, Options, Target.

Frequently asked questions

More securities from First Trust.