TORONTO, November 21, 2025 (GLOBE NEWSWIRE) — FT Portfolios Canada Co. (“First Trust Canada”) today announced that the limit, buffer and next target performance period dates for the First Trust Vest US Equity Buffer ETF – NOV (NOVB.F) (the “fund” or “November Buffer ETF”) are as follows:
| TICKER | KAP | BUFFER | RESULT PERIOD |
| NOB.F | 16.58% (gross) | 10% | 24.11.2025 – 20.11.2026 |
The previous target outcome period for NOVB.F ended on November 21, 2025, and the cap for the new target outcome period has been reset in accordance with prevailing market conditions.
The Fund seeks results that provide investors with returns (before fees, expenses and taxes) commensurate with the SPDR's price performance.® S&P 500 Index® ETF Trust (“SPY” or “underlying ETF”) up to a predetermined upper limit, while providing a buffer against SPY's potential losses. The Fund is managed and advised by Vest Financial LLC (“Vest”) using a “target outcome strategy,” or a predetermined target investment outcome.
If an investor purchases hedged units after the first day of the target performance period, the investor will likely have a different return potential than an investor who purchased hedged units at the beginning of the target performance period, and the buffer that the fund seeks may not be available.
First Trust Canada believes that a buffer against a certain level of losses can help investors continue to invest during uncertain times. The fund offers a way to access performance-based investing, particularly to protect against certain downside risk while maximizing upside, eliminating bank credit risk in a convenient and flexible investment vehicle.
Vest's Karan Sood and Trevor Lack are the fund's portfolio managers. Portfolio managers have joint and primary responsibility for making investment management decisions for the fund.
For further information: Media Contact: Nilesh Patel, FT Portfolios Canada Co., 40 King Street West, Suite 5102, email: [email protected]1-877-622-5552.
About First Trust
First Trust Canada is the trustee, manager and promoter of the fund. First Trust Canada and its subsidiaries First Trust Advisors LP (“FTA”), a fund portfolio adviser, a registered portfolio manager with the Ontario Securities Commission and a registered investment adviser with the U.S. Securities and Exchange Commission, and First Trust Portfolios LP, a registered FINRA broker-dealer, are privately held companies that provide a variety of investment services. As of September 30, 2025, FTA has approximately $299.445 billion in collective assets under management or supervision through mutual funds, exchange-traded funds, closed-end funds, mutual funds and separately managed accounts. For more information, visit www.firsttrust.ca.
About the vest:
West is the creator of Target Outcome Investments®, which seeks to minimize losses, increase profits or provide stable income to a wide range of investors. Today, Vest's Target Outcome Strategies™ are available in mutual funds, exchange-traded funds (ETFs), unit investment trusts (UITs), collective investment trusts (CITs), and custom managed accounts/sub-advisory services. For more information about Vest and the growth of Target Outcome Investments, visit www.vestfin.com or contact Linda Werner at: [email protected] or 703-864-5483.
There may be commissions, management fees and expenses associated with an investment in an ETF. ETFs are not guaranteed, their prices change frequently, and past performance may not be repeated. Please read the fund's prospectus before investing. Contact FT Portfolios Canada at 1-877-622-5552 or visit www.firsttrust.ca to obtain a copy of the fund's prospectus and ETF facts.
Important information
The information presented is not intended to constitute investment advice or advice to any specific person. Financial advisors are responsible for independently evaluating investment risks and exercising independent judgment in determining whether an investment is suitable for their clients.
First Trust Advisors LP is the fund's portfolio advisor. First Trust Advisors LP is a subsidiary of FT Portfolios Canada Co. and is the trustee, manager and promoter of the fund.
More information about First Trust Canada ETFs can be found at www.firsttrust.ca.
