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Investment Objective/Strategy - The investment objective of the FT Vest Nasdaq-100® Moderate Buffer ETF - August (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 predetermined upside cap of 14.70% while providing a buffer (before fees and expenses) against the first 15% of Underlying ETF losses, over the period from August 19, 2024 through August 15, 2025.
There can be no assurance that the Fund's investment objectives will be achieved.
Ticker | QMAG |
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 | 33740F193 |
ISIN | US33740F1930 |
Intraday NAV | QMAGIV |
Fiscal Year-End | 08/31 |
Exchange | Cboe BZX |
Inception | 8/16/2024 |
Inception Price | $19.95 |
Inception NAV | $19.95 |
Total Expense Ratio* | 0.90% |
* As of 8/19/2024
Closing NAV1 | $20.02 |
Closing Market Price2 | $20.06 |
Bid/Ask Midpoint | $20.03 |
Bid/Ask Premium | 0.05% |
30-Day Median Bid/Ask Spread3 | 0.30% |
Total Net Assets | $72,086,385 |
Outstanding Shares | 3,600,002 |
Daily Volume | 36,872 |
Closing Market Price 52-Week High/Low | $20.11 / $19.89 |
Closing NAV 52-Week High/Low | $20.11 / $19.90 |
Number of Holdings (excluding cash) | 4 |
Past performance is not indicative of future results.
Holding |
Percent |
2025-08-15 Invesco QQQ Trust, Series 1 C 4.74 |
98.60% |
2025-08-15 Invesco QQQ Trust, Series 1 P 475.02 |
5.81% |
2025-08-15 Invesco QQQ Trust, Series 1 P 403.77 |
-2.30% |
2025-08-15 Invesco QQQ Trust, Series 1 C 544.85 |
-3.18% |
* Excluding cash.
Holdings are subject to change.
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2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Days Traded at Premium |
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--- |
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5 |
Days Traded at Discount |
--- |
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5 |
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The information presented is not intended to constitute an investment recommendation for, or advice to, any specific person. By providing this information, First Trust is not undertaking to give advice in any fiduciary capacity within the meaning of ERISA, the Internal Revenue Code or any other regulatory framework. Financial professionals are responsible for evaluating investment risks independently and for exercising independent judgment in determining whether investments are appropriate for their clients.
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