DNOV

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

DNOV Fund Description

DNOV aims for specific buffered losses and capped gains on SPY ETF over a specific holdings period. The actively-managed fund holds options and collateral.

DNOV Factset Analytics Insight

DNOV uses options in an effort to moderate losses on SPY ETF over a one-year period starting each November. The fund foregoes some upside return of SPY’s dividend as options are written on the price (not total) return version of the index. The fund provides a 5% coverage on SPY’s losses between 5%-30%, and a 25% coverage if the losses went beyond the buffer zone. In exchange for preventing realization of SPY’s losses, investors forego 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 and uses flex options exclusively.

PERFORMANCE [as of 11/29/21] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
DNOV -0.77% -0.34% 4.50% 5.29% -- -- --
DNOV (NAV) -0.07% 0.25% 5.03% 6.02% -- -- --
No Underlying Index -- -- -- -- -- -- --
MSCI USA Large Cap Index 1.07% 3.35% 24.62% 29.05% 22.42% 19.09% 17.26%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

DNOV Summary Data

First Trust
FT Cboe Vest
11/15/19
Open-Ended Fund
0.85%
$99.38M
$945.01K
0.39%

DNOV Portfolio Data

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N/A
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DNOV Index Data

No Underlying Index
Fixed
Fixed
MSCI USA Large Cap Index

DNOV Portfolio Management

0.85%
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DNOV Tax Exposures

20.00% / 39.60%
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Ordinary income
No

DNOV Fund Structure

Open-Ended Fund
Yes
N/A
-- / --
N/A
N/A
Low
Daily

DNOV Factset Analytics Block Liquidity

As of 11/30/21
5
4
3
2
1

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

DNOV Tradability

27,057
$945.01K
13,534
$474.53K
0.39%
$0.14
-0.15%
0.27% / -0.46%
None
100.00%
50,000
0.27
0.01%
--
0
$35.06
N/A

DNOV Top 10 Holdings

98.88%
-0.00%
100.00%

DNOV Countries


DNOV
Segment Benchmark
--
99.90%
--
0.10%

DNOV Regions


DNOV
Segment Benchmark
--
100.00%

DNOV Economic Development


DNOV
Segment Benchmark
--
100.00%

DNOV Performance Statistics

0.74
0.24
0.27
0.26
0.59%
MSCI USA Large Cap Index

DNOV Benchmark Comparison Holdings

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DNOV Benchmark Comparison Summary


DNOV
Segment Benchmark
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DNOV Benchmark Comparison Market Cap Size


DNOV
Segment Benchmark
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