Truist Canada resets upside cap for its U.S. Equity Buffer ETF
First Truist Canada has set new terms for its U.S. Equity Buffer ETF. The fund, known as NOVB.F, recently concluded its previous Target Outcome Period and has now reset its upside cap. This structured investment aims to match the returns of the S&P 500 while offering protection against losses.
The First Truist Vest U.S. Equity Buffer ETF - NOV is managed by FT Portfolios Canada Co., operating under Truist Canada. As of September 30, 2025, the firm oversees approximately U.S.$299.445 billion in assets. The fund follows a strategy developed by Vest, the creator of Target Outcome Investments®, which are available across mutual funds, ETFs, and other investment vehicles.
The reset cap and buffer levels for NOVB.F are now in place for the new period. Investors will track how the fund performs relative to the S&P 500 while benefiting from its built-in downside protection. The fund continues to operate under Truist Canada’s oversight, with Vest’s strategy guiding its approach.
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