Fund Description
The investment objective of the FT Cboe Vest U.S. Equity Buffer ETF - September (the "Fund is to seek to provide investors with returns (before fees, expenses and taxes) that match the price return of the SPDR S&P 500 ETF Trust (the "Underlying ETF"), up to a predetermined upside cap of 16.50% (before fees, expenses and taxes) and 15.65% (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 September 21, 2020 to September 17, 2021.Under normal market conditions, the Fund will invest substantially all of its assets in FLexible EXchange Options ("FLEX 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 - September
Fund Exchange Ticker FSEP
Fund Sponsor First Trust
Fund ISIN US33740U3077
Net Expense Ratio 0.85 %
Fund Inception Date 18 September 2020
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 26 January 2021
Asset Under Management 21.14 Million (USD)
1 Month Total Return 1.36 %
Year To Date Return 0.51 %
1 Year Total Return
3 Year Annualized Total Return
NAV 32.52
Share Outstanding 650,002
Top 10 Holdings (26 January 2021)
Constituent Name Constituent Ticker Constituent Type Weighting
2021-09-17 SPDR S&P 500 ETF Trust C 3.31 OPTN 1.0459111964
2021-09-17 SPDR S&P 500 ETF Trust P 330.65 OPTN 0.0345467443
US Dollar CASH 0.0090358286
2021-09-17 SPDR S&P 500 ETF Trust C 385.21 OPTN -0.0684555637
2021-09-17 SPDR S&P 500 ETF Trust P 297.59 OPTN -0.0210382056