Family: | First Trust |
Name: | FT Vest US Equity Quarterly Max Buffer ETF |
Inception Date: | 20-Dec-2024 |
Termination Date: | |
Investment Objective: | The investment objective of the FT Vest U.S. Equity Quarterly Max Buffer ETF (the "Fund") is to seek to provide investors with returns (before fees and expenses) that match the price return of the SPDR S&P 500 ETF Trust (the "Underlying ETF") up to a predetermined upside cap while seeking to provide the maximum available buffer (before fees and expenses), against Underlying ETF losses over an approximate period of three months (the "Target Outcome Period"). Over the Target Outcome Period from December 23, 2024 through March 21, 2025, the Fund seeks to buffer against the first 12.65% of Underlying ETF losses and limit gains up to a predetermined upside cap of 3.00%. When the Fund's fees and expenses are taken into account, the cap is 2.79% and the buffer is 12.44%. The Fund uses FLEX Options to employ a "target outcome strategy." Target outcome strategies seek to produce predetermined investment outcomes based upon the performance of an underlying security or index |
Prospectus | |
Top 10 Holdings | ||
Derivatives offset | -5,333.2810% | |
2025-06-20 SPDR S&P 500 ETF Trust C 5.64 | 5,147.0400% | |
2025-06-20 SPDR S&P 500 ETF Trust P 563.98 | 326.3826% | |
US Dollar | 100.0000% | |
2025-06-20 SPDR S&P 500 ETF Trust P 495.17 | -91.5159% | |
2025-06-20 SPDR S&P 500 ETF Trust C 580.90 | -48.6254% | |
Top 10 Holdings Weight: | 100.0% |
Number of Holdings: | 6 |
Shares Outstanding: | 100,002 |
Total Net Assets: | 3,021,901 |
NAV: | 30.19 |
Net Expense Ratio: | 0.85% |
Asset Class: | Equities (Stocks) |
Developed or Emerging: | Developed Market Funds |
Country: | US |
Region: | |
Strategy: | Buffer protect options strategy |
Currency: | |
Commodity: | |
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Dividend Type: | |
Tax Exempt State: | |
Maturity Duration: | |
Market Cap: | Large Cap |
Credit Quality: | |
Mortgage Bond Types: | |
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Gov't Bond Types: | |
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Leverage Direction/Factor: | |
Is Currency Hedged: | No |
US or Ex-US: | Domestic |