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Investment Objective/Strategy - The investment objective of the FT Cboe Vest U.S. Equity Buffer & Premium Income ETF - September (the "Fund") is to seek to provide investors with a consistent level of income that, when annualized, is approximately 8.19% (before fees and expenses) while providing a buffer (before fees and expenses) against the first 10% 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 and short-term (one year or less) U.S. Treasury securities.
There can be no assurance that the Fund's investment objectives will be achieved.
Ticker | XISE |
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 | 33740F375 |
ISIN | US33740F3753 |
Intraday NAV | XISEIV |
Fiscal Year-End | 08/31 |
Exchange | Cboe BZX |
Inception | 9/15/2023 |
Inception Price | $30.15 |
Inception NAV | $30.15 |
Expense Ratio* | 0.85% |
* As of 9/18/2023
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 | $29.93 |
Closing Market Price2 | $29.88 |
Bid/Ask Midpoint | $29.90 |
Bid/Ask Discount | 0.10% |
30-Day Median Bid/Ask Spread3 | 0.30% |
Total Net Assets | $5,986,659 |
Outstanding Shares | 200,002 |
Daily Volume | 10,407 |
Closing Market Price 52-Week High/Low | $30.21 / $29.88 |
Closing NAV 52-Week High/Low | $30.24 / $29.93 |
Number of Holdings (excluding cash) | 16 |
Past performance is not indicative of future results.
Holding |
Percent |
2024-09-20 SPDR® S&P 500® ETF Trust C 0.04 |
95.79% |
2024-09-20 SPDR® S&P 500® ETF Trust P 443.35 |
6.15% |
U.S. Treasury Bill, 0%, due 01/02/2024 |
0.61% |
U.S. Treasury Bill, 0%, due 10/31/2023 |
0.61% |
U.S. Treasury Bill, 0%, due 11/30/2023 |
0.61% |
U.S. Treasury Bill, 0%, due 02/01/2024 |
0.60% |
U.S. Treasury Bill, 0%, due 02/29/2024 |
0.60% |
U.S. Treasury Bill, 0%, due 03/21/2024 |
0.60% |
U.S. Treasury Bill, 0%, due 04/18/2024 |
0.60% |
U.S. Treasury Bill, 0%, due 05/16/2024 |
0.59% |
* Excluding cash.
Holdings are subject to change.
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2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Days Traded at Premium |
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2 |
Days Traded at Discount |
--- |
--- |
--- |
5 |
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The information presented is not intended to constitute an investment recommendation for, or advice to, any specific person. By providing this information, First Trust is not undertaking to give advice in any fiduciary capacity within the meaning of ERISA, the Internal Revenue Code or any other regulatory framework. Financial professionals are responsible for evaluating investment risks independently and for exercising independent judgment in determining whether investments are appropriate for their clients.
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