FAPR FT Cboe Vest U.S Equity Buffer ETF - April
FAPR Fund Description
FAPR aims for specific buffered losses and capped gains on the SPY over a specific holding period. The actively-managed fund holds options and collateral.
FAPR Factset Analytics Insight
FAPR 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 foregoes some upside return on SPY, in exchange for preventing realization of the first 10% of its losses, 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.
FAPR Summary Data
FAPR Portfolio Data
FAPR Index Data
FAPR Portfolio Management
FAPR Tax Exposures
FAPR Fund Structure
FAPR Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of FAPR. FAPR is rated a N/A out of 5.
FAPR Top 10 Holdings
FAPR Performance Statistics
FAPR Benchmark Comparison Summary
FAPR Benchmark Comparison Market Cap Size
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.
A covered call is an income strategy constructed by writing a call option against a holding of the underlying security.