Symbols

QSPT

FT Vest Nasdaq-100 Buffer ETF - September·CBOE

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Key Stats

Assets Under Management

522.54MUSD

Fund Flow (1Y)

77.78MUSD

Dividend Yield

Discount / Premium to NAV

0.19%

Shares Outstanding

17.00M

Expense Ratio

0.90%

About FT Vest Nasdaq-100 Buffer ETF - September

Issuer

First Trust Advisors L.P.

Brand

FT Vest

Home Page

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

Inception Date

Sep 17, 2021

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

QSPT uses options in an effort to moderate losses on the Invesco QQQ Trust over a one-year period starting each September. The fund foregoes some upside return on QQQ's price performance, in exchange for preventing realization of the first 10% losses, which is reset annually. Investors who buy at any other time than the annual reset day may have a very different protection and buffer zone. The issuer publishes effective interim levels daily on its website. The fund must be held to the end of the period to achieve the intended results. The targeted buffers and caps do not include the funds expense ratio. The fund actively manages the flex option positions and collateral.