Price Chart

Key Stats

Net Expense Ratio Discount or Premium to NAV Total Assets Under Management 30-Day Average Daily Volume
0.85% -0.08% 328.21M 23588.23
Dividend Yield Turnover Ratio 1 Year Fund Level Flows Max Drawdown (Since Inception)
0.00% 0.00% 139.17M Upgrade

Basic Info

Investment Strategy
The investment seeks to provide investors with returns that match the price return of the SPDR® S&P 500® ETF Trust. Normally, the fund will invest substantially all of its assets in FLEX Options that reference the price performance of the underlying ETF. It uses FLEX Options to employ a "target outcome strategy." Target outcome strategies seek to produce pre-determined investment outcomes based upon the performance of an underlying security or index. 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
Fund Owner Firm Name First Trust Advisors L.P.
Prospectus Benchmark Index
S&P 500 TR USD 100.0%
Broad Asset Class Benchmark Index
^MSACWINTR 100.0%
Manager Tenure
Howard Rubin 3.71 yrs
Karan Sood 3.71 yrs

Performance Versus Category

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

Annual Total Returns Versus Peers

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Name
2017
2018
2019
2020
2021
2022
2023
YTD
--
--
--
--
6.18%
-8.28%
18.08%
4.47%
23.97%
-9.41%
26.60%
16.25%
18.54%
-18.36%
22.20%
4.45%
--
--
17.81%
9.05%
10.77%
-7.38%
21.73%
4.89%
--
--
19.03%
14.71%
14.97%
-8.14%
21.13%
4.12%
--
--
10.23%
7.37%
5.79%
-5.95%
15.89%
3.34%
As of April 25, 2024.

Asset Allocation

As of April 15, 2024.
Type % Net % Long % Short
Cash 0.88% Upgrade Upgrade
Stock 99.12% 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 returns that match the price return of the SPDR® S&P 500® ETF Trust. Normally, the fund will invest substantially all of its assets in FLEX Options that reference the price performance of the underlying ETF. It uses FLEX Options to employ a "target outcome strategy." Target outcome strategies seek to produce pre-determined investment outcomes based upon the performance of an underlying security or index. 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
Fund Owner Firm Name First Trust Advisors L.P.
Prospectus Benchmark Index
S&P 500 TR USD 100.0%
Broad Asset Class Benchmark Index
^MSACWINTR 100.0%
Manager Tenure
Howard Rubin 3.71 yrs
Karan Sood 3.71 yrs

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