Symbols

RSSE

FT Vest US Equity Equal Weight Buffer ETF-September·ARCA

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Key Stats

Assets Under Management

27.98MUSD

Fund Flows (1Y)

6.60MUSD

Dividend Yield

Discount/Premium to NAV

0.13%

Shares Outstanding

1.30M

Expense Ratio

0.85%

About FT Vest US Equity Equal Weight Buffer ETF-September

Issuer

First Trust Advisors L.P.

Brand

FT Vest

Home Page

https://www.ftportfolios.com/Retail/Etf/EtfSummary.aspx?Ticker=RSSE

Inception Date

Sep 20, 2024

Structure

Open-Ended Fund

Index Tracked

Management Style

Active

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

RSSE uses FLEX options in an effort to moderate losses on the Invesco S&P 500 Equal Weight ETF over a one-year period starting in September 23, 2024. The fund foregoes some upside return as well as the ETF's dividend component, because the options are written on the price (not total) return version of the shares. In exchange for preventing realization of the first 10% of losses on the shares, investors forego upside some participation. The partial downside hedge and upside cap are reset annually. Investors who buy at any other time than the annual reset day may have a very different protection and buffer zone. The fund must be held the entire outcome period in an attempt to achieve the intended results. The targeted buffers and caps do not include the funds expense ratio. The fund is actively managed, using FLEX options and collateral exclusively.