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FT Vest U.S. Equity Buffer ETF - April

FAPR·CBOE
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Key Stats

Assets Under Management
992.89MUSD
Fund Flow (1Y)
590.73MUSD
Dividend Yield
--
Discount / Premium to NAV
0.07%
Shares Outstanding
21.95M
Expense Ratio
0.85%

About FT Vest U.S. Equity Buffer ETF - April

Issuer
First Trust Advisors L.P.
Brand
FT Vest
Inception Date
Apr 16, 2021
Structure
Open-Ended Fund
Index Tracked
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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
FAPR 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 April. 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, in exchange for preventing realization of the first 10% of the losses in SPY value. Should the 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 and should be taken into consideration. The fund is actively managed and uses FLEX options on SPY shares exclusively.

Classification

Asset Class
Equity
Category
Size and Style
Focus
Large Cap
Niche
Broad-based
Strategy
Buy-write
Geography
U.S.
Weighting Scheme
Fixed
Selection Criteria
Fixed

Analysis

Sector

Technology

34.09%

Financial Services

12.32%

Communication Services

10.75%

Consumer Cyclical

9.83%

Healthcare

9.27%

Industrials

8.62%

Consumer Defensive

5.12%

Energy

3.65%

Utilities

2.49%

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Asset

Holdings

Symbol

Ratio

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2026-04-17 State Street SPDR S&P 500 ETF Trust C 5.26

109.30%
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US Dollar

0.21%
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2026-04-17 State Street SPDR S&P 500 ETF Trust P 526.41

0.00%
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2026-04-17 State Street SPDR S&P 500 ETF Trust P 473.77

0.00%
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2026-04-17 State Street SPDR S&P 500 ETF Trust C 621.90

-9.51%

Top 10 Weight 100%

5 Total Holding

See all holdings

Related Funds

Seasonals

Volume Profile

Trade Flow Insight

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