DQJN — FT Vest Nasdaq-100 Dual Directional Buffer ETF - June

Data updated: 2026-06-22

DQJN — FT Vest Nasdaq-100 Dual Directional Buffer ETF - June. Europe Large Cap Equity · 0.90% expense ratio. Holdings, fees, performance and SEC filings.

DQJN Fund Overview

DQJN — FT Vest Nasdaq-100 Dual Directional Buffer ETF - June is a US ETF managed by First Trust Exchange-Traded Fund VIII, categorised as Europe Large Cap Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

DQJN Investment Objective and Strategy

FT Vest Nasdaq-100 Dual Directional Buffer ETF - June describes its objective and strategy as follows, from its latest prospectus filed with the SEC by First Trust Exchange-Traded Fund VIII.

Investment objective

"The investment objective of the FT Vest Nasdaq-100 Dual Directional Buffer ETF June (the Fund ) is to seek to provide investors with returns (before fees and expenses) that either match the positive price return of the Invesco QQQ Trust SM , Series 1 ( ""QQQ"" or the Underlying ETF ) up to a predetermined upside cap (the Cap ) or match the absolute value of the negative price return of the Underlying ETF up to a specified threshold (the Inverse Performance Threshold ) (as further described below), while also seeking to provide a 10% buffer (the Buffer ) against losses that exceed the Inverse Performance Threshold over an approximate one-year period (the Target Outcome Period )."

Principal investment strategy

"Under normal market conditions, the Fund will invest substantially all of its assets in FLexible EXchange Options ( FLEX Options ) that reference the price performance of the Invesco QQQ Trust SM , Series 1 ( ""QQQ"" or the Underlying ETF ). FLEX Options are customized equity or index option contracts that trade on an exchange, but provide investors with the ability to customize key contract terms like exercise prices, styles and expiration dates. The Underlying ETF is an exchange-traded open-end management company that uses a full replication strategy, meaning it invests in all of the stocks in the Nasdaq-100 Index . Invesco Capital Management LLC ( Invesco ) serves as the Underlying ETFs sponsor. The investment objective of the Underlying ETF is to seek to track the investment results, before fees and expenses, of the Nasdaq-100 Index .

The Nasdaq-100 Index includes 100 of the largest domestic and international non-financial companies listed on Nasdaq, Inc. based on market capitalization. The Funds performance will not reflect the payment of dividends by the Underlying ETF. See The Underlying ETF for more information. The Funds investment sub-advisor is Vest Financial LLC ( ""Vest"" or the ""Sub-Advisor"" ). The Fund seeks to provide investors with (1) returns that (i) match the positive price return of the Underlying ETF, up to the upside Cap of 21.35% (before fees and expenses) over the Target Outcome Period or (ii) match the absolute value of the negative price return of the Underlying ETF (before fees and expenses) for the Target Outcome Period, if the Underlying ETF experiences negative returns over the course of the Target Outcome Period that are less than or equal to 10% (the Inverse Performance Threshold ); and (2) buffered returns (before fees and expenses) against the negative price return of the Underlying ETF that are 10% higher than the Underlying ETFs returns over the course of the Target Outcome Period, if the Underlying ETF experiences negative returns over the course of the Target Outcome Period that exceed the Inverse Performance Threshold.

The current Target Outcome Period will begin on June 22, 2026 and end on June 17, 2027. The Fund uses FLEX Options to employ a target outcome strategy. Target outcome strategies seek to produce pre-determined investment outcomes based upon the performance of an underlying security or index. The pre-determined outcomes sought by the Fund include (1) a dual direction of positive returns, meaning the Fund seeks to provide positive returns regardless of whether the Underlying ETF share price increases or decreases in value over the course of the Target Outcome Period, subject to certain limitations detailed herein and (2) a Buffer (before fees and expenses) against the first 10% of the negative price return of the Underlying ETF that exceed the Inverse Performance Threshold. These outcomes are based on the price performance of the Underlying ETF over the Target Outcome Period.

When the Fund's fees and expenses are taken into account, the Cap is 20.45%, the Inverse Performance Cap is 9.10% and the Buffer is 9.10%. The Cap, Buffer and Inverse Performance Cap will be further reduced by any brokerage commissions, trading fees, taxes and extraordinary expenses not included in the Fund's management fee. The target outcomes the Fund seeks for investors that hold Fund shares for an entire Target Outcome Period are as follows, though there can be no guarantee these results will be achieved: ? Dual Directional Returns ? If the Underlying ETF experiences positive returns over the course of the Target Outcome Period, the combination of FLEX Options held by the Fund seeks to provide returns that match the performance of the share price of the Underlying ETF, which is measured from the start of the Target Outcome Period, up to the Cap.

The Cap for the current Target Outcome Period is 21.35%, prior to taking into account the Funds fees and expenses. ? If the Underlying ETF experiences negative returns over the course of the Target Outcome Period that are less than or equal to the Inverse Performance Threshold, the combination of FLEX Options held by the Fund seeks to provide returns that match the absolute value of the negative price return of the Underlying ETF ( Inverse Performance ) up to a maximum return of 10%, measured from the start of the Target Outcome Period, that a shareholder can obtain via Inverse Performance (the Inverse Performance Cap ) prior to taking into account the Fund's fees and expenses. ? The absolute value of a number is its distance from zero on the number line, regardless of direction, and is always a non-negative value.

For example, the absolute value of both -5 and 5 is 5. ? Buffered Returns ? If the Underlying ETF experiences losses over the course of the Target Outcome Period that exceed the Inverse Performance Threshold, the Fund seeks to provide the Buffer against losses that exceed the Inverse Performance Threshold. See the bar chart and line graph set forth below for more information. Subsequent Target Outcome Periods will begin on the business day following the day the prior Target Outcome Period ends and will end on the approximate one-year anniversary of that new Target Outcome Period. On the first day of each new Target Outcome Period, the Fund resets by investing in a new set of FLEX Options that are designed to provide a new Cap for the new Target Outcome Period. This means that the Cap will likely change for each Target Outcome Period based upon prevailing market conditions at the beginning of each Target Outcome Period.

The Buffer, Inverse Performance Cap and Inverse Performance Threshold remain the same for each Target Outcome Period on a relative basis as compared to the price of the Underlying ETF as of the beginning of such Target Outcome Period. The Cap, Inverse Performance Threshold, Inverse Performance Cap and Buffer, and the Funds value relative to each, should be considered before investing in the Fund. The Fund will be perpetually offered and not terminate after the current or any subsequent Target Outcome Period. Approximately one week prior to the end of the current Target Outcome Period, the Funds website will be updated to alert existing shareholders that the Target Outcome Period is approaching its conclusion and will disclose the anticipated Cap range for the next Target Outcome Period. There is no guarantee that the final Cap set for a Target Outcome Period will be within the anticipated Cap range.

See ""Subsequent Target Outcome Periods"" for more information. The outcomes described in this prospectus are specifically designed to apply only if you hold shares on the first day of the Target Outcome Period and continue to hold them on the last day of the Target Outcome Period. An investor that purchases Fund shares other than on the first day of a Target Outcome Period and/or sells Fund shares prior to the end of a Target Outcome Period may experience results that are very different from the target outcomes sought by the Fund for that Target Outcome Period. While the Fund seeks to provide the intended outcomes only for investors that hold their shares throughout the complete term of the Target Outcome Period, an investor can expect the value of their shares to generally move in the same direction as the value of the Underlying ETF during the Target Outcome Period when the value of the Underlying ETF is up from the Initial Fund Value, subject to the Cap.

When the value of the Underlying ETF is down from the Initial Fund Value but within the Inverse Performance Threshold, the value of the Funds shares is expected to move inverse to the performance of the Underlying ETF. As the Underlying ETF price and the Funds Net Asset Value ( ""NAV"" ) change over the Target Outcome Period, an investor acquiring Fund shares after the start of the Target Outcome Period will likely have a different return potential than an investor who purchased Fund shares at the start of the Target Outcome Period. This is because while the Cap, Inverse Performance Threshold, Inverse Performance Cap and Buffer for the Target Outcome Period are fixed levels that are calculated in relation to the Underlying ETF price and the Fund's NAV at the start of a Target Outcome Period and remain constant throughout the Target Outcome Period, an investor purchasing Fund shares at market value during the Target Outcome Period likely purchased Fund shares at a price that is different from the Funds NAV at the start of the Target Outcome Period ( i.e., the Underlying ETF price and Fund NAV that the Cap, Buffer, Inverse Performance Threshold and Inverse Performance Cap reference).

For example, if an investor purchases Fund shares when the Fund's NAV has increased from its NAV at the commencement of the Target Outcome Period: (1) if such increase is due to the Underlying ETFs increase in value, such Investor will have less upside performance available for the remainder of the Target Outcome Period before the upside Cap is reached and will experience losses before Inverse Performance is available; (2) if such increase is due to the Underlying ETFs decrease in value, such Investor will have less Inverse Performance available before the Inverse Performance Cap is reached; and (3) if the Underlying ETF subsequently loses more than the Inverse Performance Threshold by the end of the Target Outcome Period, such Investor will experience losses in an amount greater than it would have if it had purchased shares as of the start of the Target Outcome Period (since the Buffer is measured from the start of each Target Outcome Period).

If an investor purchases Fund shares at a time when the Funds NAV is higher than it was at the start of the Target Outcome Period, and this increase is the result of the Underlying ETFs decline in value, then a subsequent rise in the Underlying ETFs price may cause the Funds NAV to decrease. As a result, the investor's returns may decline, and the investor will not experience positive returns in such Target Outcome Period until approximately (i) the Underlying ETF experiences positive price returns in an amount that is greater than the absolute value of the negative returns existing at the time the investor purchased Fund shares; or (ii) the Underlying ETF declines in value beyond the point at which such investor purchased Fund shares without exceeding the Inverse Performance Threshold; in each case not accounting for fees and expenses.

If an investor purchases Fund shares when the Underlying ETFs value has decreased to a level near or exceeding the Inverse Performance Threshold, it may be difficult to predict how subsequent changes in the Underlying ETF's value will affect the position of an investor purchasing Fund shares at that price; however, such investor will remain vulnerable to downside risk. Accordingly, the Funds NAV could drop significantly as a result of the Inverse Performance Threshold being exceeded at the end of the Outcome Period, and any gains experienced by the Fund will be lost, offset by the Buffer. If an investor is considering purchasing Fund shares during the Target Outcome Period, and the Fund has already decreased in value by an amount that exceeds the Inverse Performance Threshold, an investor purchasing Fund shares at that price will have increased gains available prior to reaching the Cap but will experience any further continued losses of the Underlying ETF on a one-to-one basis ( i.e., such investors losses will not be offset by any amount).

To achieve the target outcomes sought by the Fund for a Target Outcome Period, an investor must hold Fund shares for that entire Target Outcome Period. There is no guarantee that the Fund will be successful in its attempt to provide its target outcomes.

DQJN Costs and Fees

DQJN costs about $90 per $10,000 invested per year in fund expenses.

  • Net expense ratio: 0.90%
  • Gross expense ratio: 0.90%

DQJN Debt Constituents

No individual debt constituents are reported in FT Vest Nasdaq-100 Dual Directional Buffer ETF - June's latest SEC N-PORT filing.

DQJN Prospectus and SEC Filings

Official FT Vest Nasdaq-100 Dual Directional Buffer ETF - June filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

Related Funds

Related funds tracked on ABC INVEST:

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.