Symbols

UXOC

FT Vest U.S. Equity Uncapped Accelerator ETF–October·CBOE

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Key Stats

Assets Under Management

46.88MUSD

Fund Flows (1Y)

31.94MUSD

Dividend Yield

Discount/Premium to NAV

-0.07%

Shares Outstanding

1.30M

Expense Ratio

0.85%

About FT Vest U.S. Equity Uncapped Accelerator ETF–October

Issuer

First Trust Advisors L.P.

Brand

FT Vest

Home Page

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

Inception Date

Oct 18, 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

UXOC starts with a 2% negative return, plus the expense ratio, each year in October. The investment objective is to potentially accelerate the returns in alignment with the price movement of the SPDR S&P 500 ETF (SPY), should the ETF rise above the 2% threshold. If the fund appreciates below the target upside level, it does not participate in the returns and will experience all losses on a one-to-one basis. While the target upside of 102% is expected to remain constant for each outcome period, the upside return is calculated at the commencement of each target period and will vary for each target period, depending upon market conditions. The fund must be held to the end of the outcome period to achieve the intended results.