Price Chart

Key Stats

Net Expense Ratio Discount or Premium to NAV Total Assets Under Management 30-Day Average Daily Volume
1.10% -0.04% 565.18M 209337.5
Dividend Yield Turnover Ratio 1 Year Fund Level Flows Max Drawdown (Since Inception)
0.00% 1.00% 425.67M Upgrade

Basic Info

Investment Strategy
The investment seeks to provide investors with capital appreciation. The fund seeks to achieve its investment objective by providing investors with large-cap equity market exposure while attempting to limit downside risk through a laddered portfolio of four FT Cboe Vest Nasdaq-100® Buffer ETFs. The Underlying ETFs invest substantially all of their assets in FLEX Options on QQQ. FLEX Options are customizable exchange-traded option contracts guaranteed for settlement by the Options Clearing Corporation. The fund is non-diversified.
General
Security Type Exchange-Traded Fund
Equity Style Large Cap/Growth
Fixed Income Style --
Broad Asset Class Alternative
Broad Category Alternative
Category Name Options Trading
Category Index Morningstar Mod Con Tgt Risk TR USD
Global Category Name Options Trading
YCharts Categorization Other
YCharts Benchmark S&P 500 Total Return (^SPXTR)
Prospectus Objective Growth and Income
Fund Owner Firm Name First Trust Advisors L.P.
Prospectus Benchmark Index
N/A 100.0%
Broad Asset Class Benchmark Index
^MSACWINTR 100.0%
Manager Tenure
Howard Rubin 1.80 yrs
Karan Sood 1.80 yrs

Performance Versus Category

 
20%
15%
10%
5%
0
View Category Returns. Upgrade now.
Name
1M
3M
YTD
1Y
3Y
5Y
10Y
15Y
Total Return (Price)
--
--
--
--
--
--
--
--
Total Return (NAV)
--
--
--
--
--
--
--
--
Category Rtn. (NAV)
--
--
--
--
--
--
--
--
% Rank in Cat (NAV)
--
--
--
--
--
--
--
--
As of April 25, 2024. Returns for periods of 1 year and above are annualized.

Annual Total Returns Versus Peers

Loading chart...
Name
2017
2018
2019
2020
2021
2022
2023
YTD
--
--
--
--
--
--
35.51%
2.56%
23.97%
-9.41%
26.60%
16.25%
18.54%
-18.36%
22.20%
4.45%
--
--
--
--
--
-7.70%
15.40%
3.17%
--
--
--
4.62%
7.51%
-4.29%
16.45%
0.70%
--
--
--
9.86%
18.03%
-10.30%
15.90%
5.92%
--
--
--
9.82%
7.58%
-6.85%
17.71%
4.26%
As of April 25, 2024.

Asset Allocation

As of April 15, 2024.
Type % Net % Long % Short
Cash 0.85% Upgrade Upgrade
Stock 99.15% Upgrade Upgrade
Bond 0.00% Upgrade Upgrade
Convertible 0.00% Upgrade Upgrade
Preferred 0.00% Upgrade Upgrade
Other 0.00% Upgrade Upgrade

Basic Info

Investment Strategy
The investment seeks to provide investors with capital appreciation. The fund seeks to achieve its investment objective by providing investors with large-cap equity market exposure while attempting to limit downside risk through a laddered portfolio of four FT Cboe Vest Nasdaq-100® Buffer ETFs. The Underlying ETFs invest substantially all of their assets in FLEX Options on QQQ. FLEX Options are customizable exchange-traded option contracts guaranteed for settlement by the Options Clearing Corporation. The fund is non-diversified.
General
Security Type Exchange-Traded Fund
Equity Style Large Cap/Growth
Fixed Income Style --
Broad Asset Class Alternative
Broad Category Alternative
Category Name Options Trading
Category Index Morningstar Mod Con Tgt Risk TR USD
Global Category Name Options Trading
YCharts Categorization Other
YCharts Benchmark S&P 500 Total Return (^SPXTR)
Prospectus Objective Growth and Income
Fund Owner Firm Name First Trust Advisors L.P.
Prospectus Benchmark Index
N/A 100.0%
Broad Asset Class Benchmark Index
^MSACWINTR 100.0%
Manager Tenure
Howard Rubin 1.80 yrs
Karan Sood 1.80 yrs

Top Portfolio Holders

0 of 0