SQBR

Target outcome ETF sub-advised by Vest Financial that holds FLEX Options on the SPDR S&P 500 ETF Trust (SPY), seeking to match SPY's price return up to a cap over successive three-month target outcome periods while providing a 20% barrier: if SPY falls 20% or less at period end the Fund loses nothing before fees, but a larger decline exposes investors to the full loss. Series of First Trust Exchange-Traded Fund VIII.