Fund Description
The investment objective of the FT Cboe Vest U.S. Equity Buffer ETF - November is to seek to provide investors with returns (before fees, expenses and taxes) that match those of the SPDR S&P 500 ETF Trust (the "Underlying ETF"), up to a predetermined upside cap of 12.36% (before fees, expenses and taxes) and 11.50% (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 18, 2019 to November 20, 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 - November
Fund Exchange Ticker FNOV
Fund Sponsor First Trust
Fund ISIN US33740F8471
Net Expense Ratio 0.85 %
Fund Inception Date 15 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 21 January 2021
Asset Under Management 191.05 Million (USD)
1 Month Total Return 1.77 %
Year To Date Return 1.14 %
1 Year Total Return 11.50 %
3 Year Annualized Total Return
NAV 35.71
Share Outstanding 5,350,000
Top 10 Holdings (21 January 2021)
Constituent Name Constituent Ticker Constituent Type Weighting
2021-11-19 SPDR S&P 500 ETF Trust C 3.55 OPTN 1.0152311312
2021-11-19 SPDR S&P 500 ETF Trust P 355.33 OPTN 0.0549973692
US Dollar CASH 0.0103371113
2021-11-19 SPDR S&P 500 ETF Trust C 404.08 OPTN -0.0472033071
2021-11-19 SPDR S&P 500 ETF Trust P 319.80 OPTN -0.0333623047