Symbols

QMMY

FT Vest Nasdaq-100 Moderate Buffer ETF – May·CBOE

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Key Stats

Assets Under Management

82.86MUSD

Fund Flows (1Y)

137.15MUSD

Dividend Yield

Discount/Premium to NAV

-0.02%

Shares Outstanding

3.30M

Expense Ratio

0.90%

About FT Vest Nasdaq-100 Moderate Buffer ETF – May

Issuer

First Trust Advisors L.P.

Brand

FT Vest

Home Page

https://www.ftportfolios.com/retail/etf/EtfSummary.aspx?Ticker=QMMY

Inception Date

May 17, 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

QMMY uses flex options in an effort to moderate losses on the Invesco QQQ Trust over a one-year period, starting each May. The fund foregoes some upside return on QQQ's price performance in exchange for preventing the realization of the first 15% losses. Should QQQ's share price decline by more than 15%, investors participate in the downside performance on a $1 for $1 basis. 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. Investors who buy at any other time than the annual reset day may have a significantly different protection and buffer zone. The issuer publishes effective interim levels daily on its website. The fund must be held until the end of the period to achieve the intended results. The targeted buffers and caps do not include the fund's expense ratio.