Key stats
About FT Vest Nasdaq-100 Moderate Buffer ETF - August
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Inception date
Aug 16, 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
US33740F1930
QMAG uses flex options in an effort to moderate losses on the Invesco QQQ Trust over a one-year period, starting each August. The fund foregoes some upside return on QQQs price performance in exchange for preventing the realization of the first 15% losses. Should QQQs share price decline by more than 15%, 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 funds 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 & Warrants98.94%
Cash1.06%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
QMAG assets under management is 53.72 M USD. It's risen 136.57% over the last month.
QMAG fund flows account for −36.30 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, QMAG doesn't pay dividends to its holders.
QMAG shares are issued by AJM Ventures LLC under the brand FT Vest. The ETF was launched on Aug 16, 2024, and its management style is Active.
QMAG expense ratio is 0.90% meaning you'd have to pay 0.90% of your investment to help manage the fund.
QMAG follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
QMAG invests in cash.
QMAG price has risen by 0.86% over the last month, and its yearly performance shows a 15.65% increase. See more dynamics on QMAG price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 0.94% over the last month, showed a 4.93% increase in three-month performance and has increased by 9.58% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 0.94% over the last month, showed a 4.93% increase in three-month performance and has increased by 9.58% in a year.
QMAG trades at a premium (0.00%) meaning the ETF is trading at a higher price than the calculated NAV.