FDEC FT Cboe Vest U.S. Equity Buffer ETF - December

*Unless otherwise stated, data provided by FactSet.

FDEC Fund Description

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

FDEC Factset Analytics Insight

FDEC uses options in an effort to moderate losses on SPY ETF over a one-year period starting each December. 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 compensates for the first 10% losses on SPY, beyond it, the fund will experience all subsequent losses on a one-to-one basis. 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, resets annually and uses listed options exclusively.

PERFORMANCE [as of 09/29/22] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
FDEC -6.43% -2.29% -14.28% -10.65% -- -- --
FDEC (NAV) -6.39% -2.51% -14.60% -10.67% -- -- --
No Underlying Index -- -- -- -- -- -- --
MSCI USA Large Cap Index -9.42% -4.23% -23.54% -16.45% 9.12% 9.82% 11.99%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

FDEC Summary Data

First Trust
FT Cboe Vest
12/18/20
Open-Ended Fund
0.85%
$211.16M
$1.31M
0.13%

FDEC Portfolio Data

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N/A
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FDEC Index Data

No Underlying Index
Fixed
Fixed
MSCI USA Large Cap Index

FDEC Portfolio Management

0.85%
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FDEC Tax Exposures

20.00% / 39.60%
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Qualified dividends
No

FDEC Fund Structure

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

FDEC Factset Analytics Block Liquidity

As of 09/30/22
5
4
3
2
1

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

FDEC Tradability

41,796
$1.31M
8,265
$256.42K
0.13%
$0.04
-0.08%
0.65% / -1.07%
None
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0
$29.98
N/A

FDEC Top 10 Holdings

99.38%
0.62%
100.00%

FDEC Performance Statistics

0.88
0.58
0.64
0.66
0.63%
MSCI USA Large Cap Index

FDEC Benchmark Comparison Holdings

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FDEC Benchmark Comparison Summary


FDEC
Segment Benchmark
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FDEC Benchmark Comparison Market Cap Size


FDEC
Segment Benchmark
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