Key stats
About FT Vest Nasdaq-100 Conservative Buffer ETF - July
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Inception date
Jul 19, 2024
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
US33740F2193
QCJL uses flex options in an effort to moderate losses on the Invesco QQQ Trust over a one-year period, starting each July. In exchange for preventing realization of the first 20% of losses, the fund foregoes some upside return as well as the dividend component of QQQ, because options are written on the price (not total) return version of the shares. Should QQQ's share price decline by more than 20%, investors participate in the downside performance on a $1 for $1 basis. 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. Investors who buy at any other time than the annual reset day may have a significantly different protection and buffer zone. The issuer publishes effective interim levels daily on its website. The fund must be held until the end of the period to achieve the intended results. The targeted buffers and caps do not include the fund's expense ratio.
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 & Warrants98.88%
Cash1.12%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
QCJL assets under management is 79.16 M USD. It's risen 18.21% over the last month.
QCJL fund flows account for 23.04 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, QCJL doesn't pay dividends to its holders.
QCJL shares are issued by AJM Ventures LLC under the brand FT Vest. The ETF was launched on Jul 19, 2024, and its management style is Active.
QCJL expense ratio is 0.90% meaning you'd have to pay 0.90% of your investment to help manage the fund.
QCJL follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
QCJL invests in cash.
QCJL price has risen by 1.35% over the last month, and its yearly performance shows a 12.92% increase. See more dynamics on QCJL price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 0.61% over the last month, showed a 5.93% increase in three-month performance and has increased by 8.77% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 0.61% over the last month, showed a 5.93% increase in three-month performance and has increased by 8.77% in a year.
QCJL trades at a premium (0.06%) meaning the ETF is trading at a higher price than the calculated NAV.