NOVM
·CBOE
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Key Stats
Assets Under Management
25.39MUSD
Fund Flows (1Y)
6.36MUSD
Dividend Yield
--
Discount/Premium to NAV
0.09%
Shares Outstanding
750.00K
Expense Ratio
0.85%
About FT Vest U.S. Equity Max Buffer ETF – November
Issuer
First Trust Advisors L.P.
Brand
FT Vest
Inception Date
Nov 15, 2024
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
NOVM 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 November. 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.
Classification
Asset Class
Equity
Category
Size and Style
Focus
Large Cap
Niche
Broad-based
Strategy
Options Collar
Geography
--
Weighting Scheme
Fixed
Selection Criteria
Fixed
Returns
1-Month | 3-Month | YTD | 1-Year | 3-Year | 5-Year | |
|---|---|---|---|---|---|---|
Price Performance | +1.03% | +2.26% | +7.26% | +6.67% | +7.54% | +7.54% |
NAV Total Return | +1.17% | +2.40% | +7.29% | +6.90% | +0.02% | +0.02% |
Ratings
No data is currently available
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Holdings Analysis
Sector
Technology
35.65%
Financial Services
12.83%
Communication Services
11.08%
Consumer Cyclical
10.42%
Healthcare
9.47%
Industrials
7.35%
Consumer Defensive
4.77%
Energy
2.87%
Utilities
2.26%
Technology
35.65%
Financial Services
12.83%
Communication Services
11.08%
Consumer Cyclical
10.42%
Healthcare
9.47%
Industrials
7.35%
Consumer Defensive
4.77%
Energy
2.87%
Utilities
2.26%
Show more
Asset
Region
99.48%
0.41%
0.12%
Category
Ratio
North America
99.48%
Europe
0.41%
Asia
0.12%
Investment Style
No data is currently available
Top 10 Holdings
Symbol
Ratio
2026-11-20 SPDR S&P 500 ETF Trust C 6.57
100.88%
2026-11-20 SPDR S&P 500 ETF Trust P 659.01
4.59%
US Dollar
1.04%
2026-11-20 SPDR S&P 500 ETF Trust P 277.12
-0.21%
2026-11-20 SPDR S&P 500 ETF Trust C 705.16
-6.32%
Top 10 Weight 99.98%
5 Total Holdings
Dividends
No data is currently available
Premium/Discount Chart
Premium/Discount to NAV
Price
1M
Assets Under Management
Assets Under Management
1M
Fund Flows
Inflows
Outflows
1M
