Key stats
About FT Vest U.S. Equity Buffer ETF - September
Home page
www.ftportfolios.com/retail/etf/etfsummary.aspx?Ticker=FSEP
Inception date
Sep 18, 2020
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
First Trust Advisors LP
Distributor
First Trust Portfolios LP
FSEP uses options in an effort to moderate losses on shares of SPDR S&P 500 ETF Trust (ticker: SPY) over a one-year period, starting in September. In exchange for preventing realization of the first 10% of losses, the fund foregoes some upside return as well as the dividend component of SPY because the options are written on the price (not total) return version of the shares. Should shares of SPY decline greater than 10%, investors participate in the downside performance on a $1 for $1 basis. Shares must be held over a specific period to achieve the intended results. At the end of the target outcome period, the fund will reset for a new outcome period tied to the same index and buffer, but the cap may change based on market rates. The issuer publishes effective interim levels daily on its website. The targeted cap and buffer do not include the fund's expense ratio. The fund is actively managed and uses FLEX options on SPY shares exclusively.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Rights & Warrants
Bonds, Cash & Other100.00%
Rights & Warrants99.43%
Mutual fund0.57%
Cash0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
FSEP assets under management is 800.54 M USD. It's risen 7.07% over the last month.
FSEP fund flows account for 222.35 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
No, FSEP doesn't pay dividends to its holders.
FSEP shares are issued by First Trust Advisors LP under the brand FT Vest. The ETF was launched on Sep 18, 2020, and its management style is Active.
FSEP expense ratio is 0.85% meaning you'd have to pay 0.85% of your investment to help manage the fund.
FSEP follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
FSEP invests in funds.
FSEP price has risen by 8.07% over the last month, and its yearly performance shows a 5.82% increase. See more dynamics on FSEP price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 7.06% over the last month, showed a −1.27% decrease in three-month performance and has increased by 6.36% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 7.06% over the last month, showed a −1.27% decrease in three-month performance and has increased by 6.36% in a year.
FSEP trades at a premium (0.15%) meaning the ETF is trading at a higher price than the calculated NAV.