Key stats
About FIRST TR VEST US EQUITY BUFFER ETF HEDGED UNITS
Expense ratio
0.95%
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Inception date
Feb 3, 2020
The fund uses options in an effort to moderate losses on an ETF SPY, over a one-year period starting each November. Using SPY is a slightly different approach than using S&P 500 index flex options. The fund foregoes some upside return on SPY, in exchange for preventing realization of the first 10% its losses, which is reset annually. Investors who buy at any other time than the annual reset day may have a very different protection 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 achieve the intended results. The targeted buffers and caps do not include the funds expense ratio. The fund is actively managed.
Classification
What's in the fund
Exposure type
Rights & Warrants
Bonds, Cash & Other100.00%
Rights & Warrants98.68%
Cash1.32%