# FT Vest U.S. Equity Dual Directional Buffer ETF - November (DLNV) — Overview

DLNV · BATS · Fund

Canonical page: https://www.lighthorse.io/tickers/dlnv

## Price

Last close $33.98 on Oct 15, 2026. 52-week range $30.01 – $34.01.

## Fund profile

The investment objective of the DLNV is to seek to provide investors with returns (before fees and expenses) that either match the price return of the SPDR S&P 500 ETF Trust ("SPY" or the "Underlying ETF") up to a predetermined upside cap or match the absolute or inverse value of the Underlying ETF losses up to a specified threshold (the "Inverse Performance Threshold"), while also seeking to provide a 10% buffer against losses that exceed the Inverse Performance Threshold over an approximate period of one year.

| Metric | Value |
| --- | --- |
| Issuer | First Trust Advisors L.P. |
| Industry | — |
| Inception | Nov 21, 2025 |
| Assets under management | $20.4M |
| Expense ratio | 0.85% |
| Net asset value | $33.92 (as of Oct 14, 2026) |
| Distributions | Annually |
| Leverage | 1x |

## Frequently Asked Questions

### What is FT Vest U.S. Equity Dual Directional Buffer ETF - November (DLNV)?

The investment objective of the DLNV is to seek to provide investors with returns (before fees and expenses) that either match the price return of the SPDR S&P 500 ETF Trust ("SPY" or the "Underlying ETF") up to a predetermined upside cap or match the absolute or inverse value of the Underlying ETF losses up to a speci…

### What is DLNV's expense ratio?

FT Vest U.S. Equity Dual Directional Buffer ETF - November charges an annual expense ratio of 0.85%. The fund is issued by First Trust Advisors L.P..

### How large is DLNV?

FT Vest U.S. Equity Dual Directional Buffer ETF - November manages $20.4M in assets and has traded since Nov 21, 2025.

### How do I buy shares of FT Vest U.S. Equity Dual Directional Buffer ETF - November (DLNV)?

DLNV trades commission-free with a Light Horse Securities brokerage account — from the mobile app, the web at [Light Horse Dashboard](https://portal.lighthorse.io), the trading API, or an [AI agent connected over MCP](/instructions/ai/claude). The trade panel on this page places the order once you are signed in.

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Quotes and charts are not real-time and must not be relied on for trade decisions or valuation.

This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.

Data provided by [AInvest](https://www.ainvest.com).