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2023 Estimated Capital Gain Distributions
Please note that none of our First Trust Exchange-Traded Funds are expected to pay a special long-term capital gain distribution in December. Also, none of the First Trust Exchange-Traded Funds are expected to pay any special short-term capital gain distributions in December. Final determination of the source and tax status of all distributions paid in the current year are to be made after year-end and could differ from the expectations noted above.
Investment Objective/Strategy - The investment objective of the FT Cboe Vest Nasdaq-100® BufferETF - September (the "Fund") is to seek to provide investors with returns that match the price return of the Invesco QQQ Trust SM, Series 1 (the "Underlying ETF"), up to a predetermined upside cap of 21.00% (before fees, expenses and taxes) and 20.09% (after fees and expenses, excluding brokerage commissions, trading fees, taxes and extraordinary expenses not included in the Fund's management fee), while providing a buffer against the first 10% (before fees, expenses and taxes) of Underlying ETF losses, over the period from September 18, 2023 through September 20, 2024. Under normal market conditions, the Fund will invest substantially all of its assets in FLexible EXchange® Options ("FLEX Options") that reference the price performance of the Underlying ETF.
There can be no assurance that the Fund's investment objectives will be achieved.
Ticker | QSPT |
Fund Type | Target Outcome Strategies |
Investment Advisor | First Trust Advisors L.P. |
Investor Servicing Agent | Bank of New York Mellon Corp |
Portfolio Manager/Sub-Advisor | CBOE Vest Financial, LLC |
CUSIP | 33740U836 |
ISIN | US33740U8365 |
Intraday NAV | QSPTIV |
Fiscal Year-End | 08/31 |
Exchange | Cboe BZX |
Inception | 9/17/2021 |
Inception Price | $20.19 |
Inception NAV | $20.19 |
Expense Ratio* | 0.90% |
* As of 1/3/2023
The Investment Advisor has implemented fee breakpoints, which reduce the fund's investment management fee at certain assets levels. Please see the fund's Statement of Additional Information for full details.
Closing NAV1 | $22.96 |
Closing Market Price2 | $22.92 |
Bid/Ask Midpoint | $22.94 |
Bid/Ask Discount | 0.09% |
30-Day Median Bid/Ask Spread (as of 12/4/2023)3 | 0.39% |
Total Net Assets | $222,667,933 |
Outstanding Shares | 9,700,002 |
Daily Volume | 17,822 |
Average 30-Day Daily Volume | 52,541 |
Closing Market Price 52-Week High/Low | $23.06 / $16.36 |
Closing NAV 52-Week High/Low | $23.05 / $16.45 |
Number of Holdings (excluding cash) | 4 |
Past performance is not indicative of future results.
Holding |
Percent |
2024-09-20 Invesco QQQ Trust, Series 1 C 3.71 |
99.16% |
2024-09-20 Invesco QQQ Trust, Series 1 P 370.81 |
4.14% |
2024-09-20 Invesco QQQ Trust, Series 1 C 448.68 |
-2.12% |
2024-09-20 Invesco QQQ Trust, Series 1 P 333.73 |
-2.18% |
* Excluding cash.
Holdings are subject to change.
|
2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Days Traded at Premium |
92 |
16 |
15 |
33 |
Days Traded at Discount |
159 |
46 |
47 |
30 |
Nasdaq-100 Index® - Price Return - The Index includes 100 of the largest domestic and international non-financial companies listed on the Nasdaq Stock Market based on market capitalization. The returns shown are price only.
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