First Trust Adds July Buffer ETF With 9.37% Target Return

First Trust has launched the FT Vest U.S. Equity Buffer & Digital Return ETF – July (DGJL), expanding its lineup of defined outcome ETFs. The fund aims to provide a predetermined return of about 9.37% before fees if the SPDR S&P 500 ETF Trust (SPY) rises, remains flat or declines by up to 10% during the outcome period from July 20, 2026, to July 16, 2027. It also seeks to buffer the first 10% of SPY price losses over the same period, offering investors a structured risk-return profile.