VanEck launched the VanEck U.S. Equity Buffer ETF – October (OCT), its second fund in a planned four-fund quarterly suite.
Subadvised by Lido Advisors, OCT seeks returns tied to S&P 500 price performance through FLEX options on the SPDR S&P 500 ETF Trust. Its initial outcome period runs from October 1, 2026, through September 30, 2027, with a 17% buffer against initial losses and a 13.75% upside cap, before fees and expenses. The period resets each October; Lido can select a buffer between 15% and 20% at launch and each annual reset.
The 0.50% management fee and other expenses reduce the actual buffer. Protection is a target, not a guarantee, and investors bear losses beyond the buffer one-for-one. Buying or selling during the period may produce returns very different from the intended outcome.