DAPR

FT Cboe Vest U.S. Equity Deep Buffer ETF - April
*Unless otherwise stated, data provided by FactSet.

DAPR Fund Description

DAPR aims for specific buffered losses and capped gains on SPY shares over a specific holding period. The actively-managed fund holds options and collateral.

DAPR Factset Analytics Insight

DAPR uses options in an effort to moderate losses on an ETF — SPY, over a one-year period starting each April. Using SPY is a slightly different approach than using S&P 500 index flex options, what is gained in favorable tax treatment may be lost in higher expense. The fund offers a buffer for the first 5-30% losses on the SPY. The fund will cover 5% of the losses between the buffer zone and additional 25% coverage on SPY’s realized losses if it falls below the buffer zone. Investors forego the upside participation above a certain threshold, 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 fund’s expense ratio. The fund is actively managed.

PERFORMANCE [as of 09/27/21] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
DAPR 0.15% 1.46% -- -- -- -- --
DAPR (NAV) -0.34% 1.38% -- -- -- -- --
No Underlying Index -- -- -- -- -- -- --
MSCI USA Large Cap Index -1.48% 4.19% 18.81% 35.73% 18.14% 18.45% 16.93%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

DAPR Summary Data

First Trust
FT Cboe Vest
04/16/21
Open-Ended Fund
0.85%
$99.13M
$416.78K
0.20%

DAPR Portfolio Data

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N/A
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DAPR Index Data

No Underlying Index
Fixed
Fixed
MSCI USA Large Cap Index

DAPR Portfolio Management

0.85%
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DAPR Tax Exposures

20.00% / 39.60%
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Ordinary income
No

DAPR Fund Structure

Open-Ended Fund
No
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N/A
N/A
Low
Daily

DAPR Factset Analytics Block Liquidity

As of 09/28/21
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of DAPR. DAPR is rated a N/A out of 5.

DAPR Tradability

13,458
$416.78K
4,268
$132.19K
0.20%
$0.06
-0.09%
0.36% / -0.29%
None
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0
$30.94
N/A

DAPR Top 10 Holdings

99.24%
0.76%
100.00%

DAPR Countries


DAPR
Segment Benchmark
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0.10%
--
99.90%

DAPR Regions


DAPR
Segment Benchmark
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100.00%

DAPR Economic Development


DAPR
Segment Benchmark
--
100.00%

DAPR Performance Statistics

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0.00%
MSCI USA Large Cap Index

DAPR Benchmark Comparison Holdings

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DAPR Benchmark Comparison Summary


DAPR
Segment Benchmark
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DAPR Benchmark Comparison Market Cap Size


DAPR
Segment Benchmark
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Options Strategies for Outcome Investing

A collar strategy is a protective option strategy constructed by writing a call and buying a put with the same expiration date while being long the underlying security.