Symbols

FEBM

FT Vest U.S. Equity Max Buffer ETF – February·CBOE

--(--)

Key Stats

Assets Under Management

50.89MUSD

Fund Flows (1Y)

28.90MUSD

Dividend Yield

Discount/Premium to NAV

-0.02%

Shares Outstanding

1.70M

Expense Ratio

0.85%

About FT Vest U.S. Equity Max Buffer ETF – February

Issuer

First Trust Advisors L.P.

Brand

FT Vest

Home Page

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

Inception Date

Feb 21, 2025

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

FEBM uses FLEX options to match the price returns of SPDR S&P 500 ETF Trust (SPY), up to a predetermined upside cap of at least 7%, while seeking to provide the maximum available buffer of 100% over a one-year period starting in February. The expected range of the buffer for future periods is between 20% and 100%. At the end of the target outcome period, the upside cap and downside buffer for the new target outcome period are reset to prevailing market conditions. If the fund is not able to set the maximum buffer against 100% of the losses, then it would seek to adjust the cap. Likewise, if the fund cannot set a cap of at least 7%, then it would seek to adjust the maximum buffer instead. To achieve the target outcomes sought by the fund for a target outcome period, an investor must hold fund shares for that entire target outcome period.