Key stats
About FT Vest U.S. Equity Moderate Buffer ETF - September
Home page
Inception date
Sep 15, 2023
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
ISIN
US33740U7110
GSEP uses options in an effort to moderate losses on shares of SPDR S&P 500 ETF Trust (ticker: SPY) over a one-year period, starting in September. The fund foregoes some upside return, as well as the dividend component of SPY because the options are written on the price (not total) return version of the shares, in exchange for preventing realization of the first 15% of the losses in SPY value. Should the shares of SPY decline greater than 15%, investors participate in the downside performance on a $1 for $1 basis. Shares must be held over a specific period to achieve the intended results. 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. The targeted cap and buffer do not include the funds expense ratio and should be considered. The fund is actively managed and uses FLEX options on SPY shares 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 & Warrants99.67%
Cash0.33%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
GSEP assets under management is 202.20 M USD. It's fallen 1.17% over the last month.
GSEP fund flows account for 53.18 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, GSEP doesn't pay dividends to its holders.
GSEP shares are issued by AJM Ventures LLC under the brand FT Vest. The ETF was launched on Sep 15, 2023, and its management style is Active.
GSEP expense ratio is 0.85% meaning you'd have to pay 0.85% of your investment to help manage the fund.
GSEP follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
GSEP invests in cash.
GSEP price has risen by 1.55% over the last month, and its yearly performance shows a 10.34% increase. See more dynamics on GSEP price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 1.64% over the last month, showed a 5.75% increase in three-month performance and has increased by 10.47% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 1.64% over the last month, showed a 5.75% increase in three-month performance and has increased by 10.47% in a year.
GSEP trades at a premium (0.08%) meaning the ETF is trading at a higher price than the calculated NAV.