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Investment Objective/Strategy - The investment objective of the FT Vest U.S. Small Cap Moderate Buffer ETF - May (the "Fund") is to seek to provide investors with returns (before fees and expenses) that match the price return of the iShares Russell 2000 ETF (the "Underlying ETF"), up to a predetermined upside cap of 17.93% while providing a buffer (before fees and expenses) against the first 15% of Underlying ETF losses, over the period from May 20, 2024 through May 16, 2025.
There can be no assurance that the Fund's investment objectives will be achieved.
Ticker | SMAY |
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 | 33740F466 |
ISIN | US33740F4660 |
Intraday NAV | SMAYIV |
Fiscal Year-End | 08/31 |
Exchange | Cboe BZX |
Inception | 5/19/2023 |
Inception Price | $20.08 |
Inception NAV | $20.08 |
Expense Ratio* | 0.90% |
* As of 1/2/2024
Closing NAV1 | $24.41 |
Closing Market Price2 | $24.39 |
Bid/Ask Midpoint | $24.41 |
Bid/Ask Premium | 0.00% |
30-Day Median Bid/Ask Spread3 | 0.29% |
Total Net Assets | $76,880,711 |
Outstanding Shares | 3,150,002 |
Daily Volume | 3,827 |
Average 30-Day Daily Volume | 31,009 |
Closing Market Price 52-Week High/Low | $24.46 / $19.44 |
Closing NAV 52-Week High/Low | $24.48 / $19.42 |
Number of Holdings (excluding cash) | 4 |
Past performance is not indicative of future results.
Holding |
Percent |
2025-05-16 iShares Russell 2000 ETF C 2.08 |
100.04% |
2025-05-16 iShares Russell 2000 ETF P 208.08 |
3.85% |
2025-05-16 iShares Russell 2000 ETF P 176.87 |
-1.30% |
2025-05-16 iShares Russell 2000 ETF C 245.39 |
-3.55% |
* Excluding cash.
Holdings are subject to change.
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2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Days Traded at Premium |
88 |
40 |
38 |
8 |
Days Traded at Discount |
66 |
21 |
25 |
31 |
Russell 2000® Index - The Index is comprised of the smallest 2000 companies in the Russell 3000 Index.
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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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