Symbols

TSEP

FT Vest Emerging Market Buffer ETF–September·CBOE

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Key Stats

Assets Under Management

15.45MUSD

Fund Flows (1Y)

13.89MUSD

Dividend Yield

Discount/Premium to NAV

0.05%

Shares Outstanding

650.00K

Expense Ratio

0.95%

About FT Vest Emerging Market Buffer ETF–September

Issuer

First Trust Advisors L.P.

Brand

FT Vest

Home Page

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

Inception Date

Sep 20, 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

TSEP utilizes FLEX options to track the price returns of the iShares MSCI Emerging Markets ETF, with an upside cap of 16.25% and a buffer against the first 10% of losses over a one-year period, starting in September. For each target outcome period, the cap and buffer are reset according to prevailing market conditions. If TSEP cannot provide the specified 10% buffer against losses or achieve the 16.25% cap, adjustments between cap and buffer will be made to align as closely as possible to these targets. Holding shares for the complete period is essential to achieve the target outcomes.