Fund Description
The investment objective of the FT Cboe Vest U.S. Equity Buffer ETF - August is to seek to provide investors with returns (before fees, expenses and taxes) that match those of the SPDR S&P 500 ETF Trust, up to a predetermined upside cap of 8.60% (before fees, expenses and taxes) and 7.93% (after fees and expenses, excluding brokerage commissions, trading fees, taxes and extraordinary expenses not included in the Funds management fee ), while providing a buffer against the first 10% (before fees, expenses and taxes) of Underlying ETF losses, over the period from November 7, 2019 to August 21, 2020. Under normal market conditions, the Fund will invest substantially all of its assets in FLexible EXchange Options that reference the performance of the SPDR S&P 500 ETF Trust.
Fund Profile
Fund Name FT Cboe Vest U.S. Equity Buffer ETF - August
Fund Exchange Ticker FAUG
Fund Sponsor First Trust
Fund ISIN US33740F8620
Net Expense Ratio 0.85 %
Fund Inception Date 6 November 2019
Fund Legal Structure ETF (Open end fund)
Exchange BATS
Listing Country Code US
Fund Investment Objective
ETF Type Specific US Equities - Quant Strat
Asset Class Equities (Stocks)
Index Linked Active
Index Name Not Applicable
Index Provider Not Applicable
Currency Hedged No
Inverse / Leveraged Not Applicable
Developed / Emerging Developed Market Funds
Market Capitalization Range Large Cap
Growth Value Core / Blend
Continent North America
Key Statistics
Return As of Date 20 January 2021
Asset Under Management 91.34 Million (USD)
1 Month Total Return 1.65 %
Year To Date Return 1.07 %
1 Year Total Return 11.94 %
3 Year Annualized Total Return
NAV 35.13
Share Outstanding 2,600,000
Top 10 Holdings (19 January 2021)
Constituent Name Constituent Ticker Constituent Type Weighting
2021-08-20 SPDR S&P 500 ETF Trust C 3.39 OPTN 1.0243472010
2021-08-20 SPDR S&P 500 ETF Trust P 339.48 OPTN 0.0372641113
US Dollar CASH 0.0082127927
2021-08-20 SPDR S&P 500 ETF Trust C 389.42 OPTN -0.0476133715
2021-08-20 SPDR S&P 500 ETF Trust P 305.53 OPTN -0.0222107335