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2024 Estimated Capital Gain Distributions
Certain First Trust First Trust Exchange-Traded Funds are expected to pay a long-term capital gain distribution in December. For a list of exchange-traded funds expected to pay a long-term capital gain distribution, please click here. Also, certain First Trust Exchange-Traded Funds are expected to pay short-term capital gain distributions in December. For a list of exchange-traded funds expected to pay a short-term capital gain distribution, please click here. Final determination of the source and tax status of all distributions paid in the current year are to be made after year-end and could differ from the expectations noted above.
Investment Objective/Strategy - The investment objective of the FT Vest Nasdaq-100® Buffer ETF - June (the "Fund") is to seek to provide investors with returns (before fees and expenses) that match the price return of the Invesco QQQ Trust SM, Series 1 (the "Underlying ETF"), up to a predetermined upside cap of 19.30% while providing a buffer (before fees and expenses) against the first 10% of Underlying ETF losses, over the period from June 24, 2024 to June 20, 2025.
There can be no assurance that the Fund's investment objectives will be achieved.
Ticker | QJUN |
Fund Type | Target Outcome Strategies® |
Investment Advisor | First Trust Advisors L.P. |
Investor Servicing Agent | Bank of New York Mellon Corp |
Portfolio Manager/Sub-Advisor | Vest Financial, LLC |
CUSIP | 33740F557 |
ISIN | US33740F5576 |
Intraday NAV | QJUNIV |
Fiscal Year-End | 08/31 |
Exchange | Cboe BZX |
Inception | 6/18/2021 |
Inception Price | $19.87 |
Inception NAV | $19.87 |
Total Expense Ratio* | 0.90% |
* As of 1/2/2024
Closing NAV1 | $27.67 |
Closing Market Price2 | $27.64 |
Bid/Ask Midpoint | $27.68 |
Bid/Ask Premium | 0.04% |
30-Day Median Bid/Ask Spread (as of 11/19/2024)3 | 0.33% |
Total Net Assets | $510,471,589 |
Outstanding Shares | 18,450,002 |
Daily Volume | 12,372 |
Average 30-Day Daily Volume | 45,060 |
Closing Market Price 52-Week High/Low | $27.97 / $23.09 |
Closing NAV 52-Week High/Low | $27.99 / $23.13 |
Number of Holdings (excluding cash) | 4 |
Past performance is not indicative of future results.
Holding |
Percent |
2025-06-20 Invesco QQQ Trust, Series 1 C 4.79 |
99.10% |
2025-06-20 Invesco QQQ Trust, Series 1 P 480.17 |
3.37% |
2025-06-20 Invesco QQQ Trust, Series 1 C 572.84 |
-1.62% |
2025-06-20 Invesco QQQ Trust, Series 1 P 432.15 |
-1.63% |
* Excluding cash.
Holdings are subject to change.
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2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Days Traded at Premium |
88 |
25 |
22 |
34 |
Days Traded at Discount |
162 |
36 |
41 |
30 |
Outcome Period Values
Reference Asset
Invesco QQQ Trust, Series 1
Outcome Period
6/24/2024 - 6/20/2025
Fund Cap (Net)
19.30% (18.40%)
Buffer (Net)
10.00% (9.10%)
Starting Fund Value
$26.44
Starting Reference Asset Value
$480.18
Reference Asset Cap Value
$572.84
Buffer Start % / Reference Asset Value
0.00% / $480.17
Buffer End % / Reference Asset Value
-10.00% / $432.15
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Current Values
(as of 11/20/2024 at 4:00 PM ET)
Remaining Outcome Period
212 days
Fund Value/Return
$27.68 / 4.70%
Reference Asset Value/Return
$503.19 / 4.79%
Remaining Cap (Net)
13.59% (13.09%)
Reference Asset Return to Realize the Cap
13.84%
Remaining Buffer (Net)
9.27% (8.77%)
Downside Before Buffer (Net)
-4.85% (-5.35%)
Reference Asset to Buffer End
-14.12%
Unrealized Option Payoff (Net)
-0.27% (-0.77%)
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Definitions |
Net - After fees and expenses, excluding brokerage commissions, trading fees, taxes and extraordinary expenses not included in the Fund's management fee.
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Reference Asset - The underlying ETF which the fund provides exposure to, and which the FLEX Options prices are based on.
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Target Outcome Period - The period between when the FLEX Options were purchased and when they will expire.
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Fund Cap - Maximum possible return that the fund can provide at the end of the Target Outcome Period.
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Buffer - The amount of downside protection the fund seeks to provide if held for the full Target Outcome Period.
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Starting Fund Value - The Net Asset Value (NAV) of the Fund at the start of the Target Outcome Period
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Fund Cap Value - The maximum value of the Fund at the end of the Target Outcome Period if the fund realizes its maximum cap.
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Starting Reference Asset Value - The value of the Reference Asset at the start of the Target Outcome Period.
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Reference Asset Cap Value - The value of the Reference Asset at the end of the Target Outcome Period if the fund realizes its maximum cap.
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Buffer Start / Buffer End - The percent shown represents the range of losses on the price return of the Reference Asset, before fees and expenses, that the buffer seeks to protect against. The values represent the reference asset values that trigger the start and end of the Buffer range.
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Remaining Outcome Period - The number of days remaining until the end of the Outcome Period.
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Fund Value/Return - The value and the price return of the Fund since the start of the Outcome Period.
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Reference Asset/Value Return - The value and the price return of the Reference Asset since the start of the Outcome Period.
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Remaining Cap - Based on the Fund's value, the best potential return if held to the end of the Outcome Period, assuming the Reference Asset meets or exceeds the Reference Asset Cap Value.
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Reference Asset Return to Realize the Cap - The return of the Reference Asset currently needed in order for the Fund to realize the return of the Remaining Cap.
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Remaining Buffer - The current amount of the Fund's stated Buffer remaining based on the Fund's current value.
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Downside Before Buffer - Based on the Fund value, the amount of the Fund loss that can be incurred prior to the buffer taking effect.
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Reference Asset to Buffer End - The loss of the Reference Asset from its current value to the Buffer End Reference Asset Value.
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Unrealized Option Payoff - Based on the Fund's value, the potential price return of the Fund, before fees and expenses, if held to the end of the Target Outcome period assuming the current Reference Asset Value remains unchanged. This is due to the intrinsic value of the underlying options positions that create the Fund's Buffer range.
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Please Note - The Fund values shown are based on the Fund’s bid/ask midpoint as of the date and time stated.
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The outcome values may only be realized for an investor who holds shares for the outcome period shown.
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Performance data quoted represents past performance. Past performance is not a guarantee of future results and current performance may be higher or lower than performance quoted. Investment returns and principal value will fluctuate and shares when sold or redeemed, may be worth more or less than their original cost.
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Standard Deviation |
Alpha |
Beta |
Sharpe Ratio |
Correlation |
QJUN |
13.73% |
1.17 |
0.61 |
0.41 |
0.98 |
Nasdaq-100 Index® |
22.06% |
--- |
1.00 |
0.33 |
1.00 |
Standard Deviation is a measure of price variability (risk). Alpha is an indication of how much an investment outperforms or underperforms
on a risk-adjusted basis relative to its benchmark.Beta is a measure of price variability relative to the market. Sharpe Ratio is a measure
of excess reward per unit of volatility. Correlation is a measure of the similarity of performance.
Nasdaq-100 Index® - The Index includes 100 of the largest domestic and international non-financial companies listed on The Nasdaq Stock Market based on market capitalization. S&P 500® Index - The Index is an unmanaged index of 500 companies used to measure large-cap U.S. stock market performance.
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