FNOV

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

FNOV Fund Description

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

FNOV Factset Analytics Insight

FNOV 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, specifically dividends, 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 and uses flex options exclusively.

PERFORMANCE [as of 09/22/21] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
FNOV -0.07% 1.30% 8.11% 18.64% -- -- --
FNOV (NAV) 0.25% 1.31% 8.28% 18.50% -- -- --
No Underlying Index -- -- -- -- -- -- --
MSCI USA Large Cap Index -0.93% 4.10% 17.78% 33.90% 17.64% 18.06% 17.28%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

FNOV Summary Data

First Trust
FT Cboe Vest
11/15/19
Open-Ended Fund
0.85%
$129.51M
$1.25M
0.33%

FNOV Portfolio Data

--
--
--
--
N/A
3

FNOV Index Data

No Underlying Index
Fixed
Fixed
MSCI USA Large Cap Index

FNOV Portfolio Management

0.85%
--
--
--

FNOV Tax Exposures

20.00% / 39.60%
--
Ordinary income
No

FNOV Fund Structure

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

FNOV Factset Analytics Block Liquidity

As of 09/23/21
5
4
3
2
1

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

FNOV Tradability

32,796
$1.25M
6,487
$246.52K
0.33%
$0.13
-0.18%
0.59% / -0.52%
None
100.00%
50,000
0.13
0.01%
--
0
$38.22
N/A

FNOV Top 10 Holdings

99.57%
-0.00%
100.00%

FNOV Countries


FNOV
Segment Benchmark
--
0.10%
--
99.90%

FNOV Regions


FNOV
Segment Benchmark
--
100.00%

FNOV Economic Development


FNOV
Segment Benchmark
--
100.00%

FNOV Performance Statistics

0.83
0.47
0.51
0.51
0.50%
MSCI USA Large Cap Index

FNOV Benchmark Comparison Holdings

3
--
--
--

FNOV Benchmark Comparison Summary


FNOV
Segment Benchmark
3
--
--
--
--
--
--
--
--
--
--
--

FNOV Benchmark Comparison Market Cap Size


FNOV
Segment Benchmark
--
--
--
--
--
--
--
--