FSEP

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

FSEP Fund Description

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

FSEP Factset Analytics Insight

FSEP uses options in an effort to moderate losses on an ETF — SPY, over a one-year period starting each September. Using SPY is a slightly different approach then 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% its 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 funds expense ratio. The fund is actively managed and uses flex options exclusively.

PERFORMANCE [as of 12/06/21] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
FSEP -2.22% 1.12% 7.93% 9.44% -- -- --
FSEP (NAV) -1.62% 1.84% 8.97% 9.63% -- -- --
No Underlying Index -- -- -- -- -- -- --
MSCI USA Large Cap Index -2.47% 0.98% 22.60% 24.90% 22.31% 18.64% 16.46%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

FSEP Summary Data

First Trust
FT Cboe Vest
09/18/20
Open-Ended Fund
0.85%
$131.14M
$815.88K
0.23%

FSEP Portfolio Data

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--
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N/A
3

FSEP Index Data

No Underlying Index
Fixed
Fixed
MSCI USA Large Cap Index

FSEP Portfolio Management

0.85%
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--
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FSEP Tax Exposures

20.00% / 39.60%
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Ordinary income
No

FSEP Fund Structure

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

FSEP Factset Analytics Block Liquidity

As of 12/07/21
5
4
3
2
1

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

FSEP Tradability

23,591
$815.88K
13,569
$481.21K
0.23%
$0.08
-0.12%
0.46% / -0.50%
None
--
50,000
0.27
0.01%
--
0
$35.09
N/A

FSEP Top 10 Holdings

99.03%
0.00%
100.00%

FSEP Countries


FSEP
Segment Benchmark
--
99.90%
--
0.10%

FSEP Regions


FSEP
Segment Benchmark
--
100.00%

FSEP Economic Development


FSEP
Segment Benchmark
--
100.00%

FSEP Performance Statistics

0.77
0.45
0.43
0.55
0.48%
MSCI USA Large Cap Index

FSEP Benchmark Comparison Holdings

3
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FSEP Benchmark Comparison Summary


FSEP
Segment Benchmark
3
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FSEP Benchmark Comparison Market Cap Size


FSEP
Segment Benchmark
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