Key stats
About FT Vest U.S. Equity Enhance & Moderate Buffer ETF - September
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Inception date
Sep 21, 2022
Structure
Open-Ended Fund
Replication method
Synthetic
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
XSEP aims to provide approximately 2x any positive price returns of the S&P 500 ETF with a predetermined cap. The fund uses options in an effort to moderate losses over a one-year period starting each September. Using SPY is a slightly different approach than using S&P 500 index flex options, what is gained in favorable tax treatment may be lost in higher expense. The fund foregoes some upside return on SPY, in exchange for preventing realization of the first 15% of its losses. The upside cap is determined at each reset and will fluctuate, depending on market conditions. Investors who buy XSEP shares at any other time than the annual reset day may have a very different protection level 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 pursue the intended results. The targeted buffers and caps do not include the funds expense ratio. The fund is actively managed and uses flex options exclusively.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Rights & Warrants
Bonds, Cash & Other100.00%
Rights & Warrants99.53%
Cash0.47%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
XSEP assets under management is 126.58 M USD. It's fallen 2.23% over the last month.
XSEP fund flows account for −12.88 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
No, XSEP doesn't pay dividends to its holders.
XSEP shares are issued by AJM Ventures LLC under the brand FT Vest. The ETF was launched on Sep 21, 2022, and its management style is Active.
XSEP expense ratio is 0.85% meaning you'd have to pay 0.85% of your investment to help manage the fund.
XSEP follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
XSEP invests in cash.
XSEP price has risen by 1.17% over the last month, and its yearly performance shows a 6.41% increase. See more dynamics on XSEP price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 0.51% over the last month, showed a 3.16% increase in three-month performance and has increased by 6.41% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 0.51% over the last month, showed a 3.16% increase in three-month performance and has increased by 6.41% in a year.
XSEP trades at a premium (0.06%) meaning the ETF is trading at a higher price than the calculated NAV.