# FT Vest U.S. Equity Buffer ETF - August (FAUG): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/faug for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: First Trust · Asset class: Multi-Asset - Strategy: Buffered · Inception: 2019-11-06 FAUG uses options in an effort to moderate losses on shares of SPDR S&P 500 ETF Trust (ticker: SPY) over a one-year period, starting in August. In exchange for preventing realization of the first 10% of losses, the fund foregoes some upside return as well as the dividend component of SPY because the options are written on the price (not total) return version of the shares. Should shares of SPY decline greater than 10%, investors participate in the downside performance on a $1 for $1 basis. Shares must be held over a specific period to achieve the intended results. At the end of the target o... ## Key Facts | Metric | Value | |---|---| | Price | $57.50 | | Expense Ratio | 0.85% | | Assets Under Management | $1.45B | | NAV | $58.17 | | Holdings Count | 4 | | Distribution Yield (TTM) | — | | Annual Distribution (TTM) | — /share | | Distribution Frequency | — | | 52-Week Range | $50.67 – $58.50 | | Beta | 0.63 | ## Frequently Asked Questions ### What does FAUG invest in? FAUG uses options in an effort to moderate losses on shares of SPDR S&P 500 ETF Trust (ticker: SPY) over a one-year period, starting in August. In exchange for preventing realization of the first 10% of losses, the fund foregoes some upside return as well as the dividend component of SPY because the options are written on the price (not total) return version of the shares. Should shares of SPY decline greater than 10%, investors participate in the downside performance on a $1 for $1 basis. Shares must be held over a specific period to achieve the intended results. At the end of the target outcome period, the fund will reset for a new outcome period tied to the same index and buffer, but the cap may change based on market rates. The issuer publishes effective interim levels daily on its website. The targeted cap and buffer do not include the fund's expense ratio. The fund is actively managed and uses FLEX options on SPY shares exclusively. ### What is the expense ratio of FAUG? FT Vest U.S. Equity Buffer ETF - August (FAUG) charges an expense ratio of 0.85%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is FAUG? FT Vest U.S. Equity Buffer ETF - August (FAUG) manages $1.45B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is FAUG actively managed or an index fund? FAUG's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy. ### When was FAUG launched? FT Vest U.S. Equity Buffer ETF - August (FAUG) launched in November 2019 and is managed by First Trust. ### How has FAUG performed? FAUG's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does FAUG pay a dividend? FT Vest U.S. Equity Buffer ETF - August (FAUG) currently distributes little or no income. Trailing-twelve-month yield is —. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does FAUG pay dividends? FT Vest U.S. Equity Buffer ETF - August pays dividends on its published schedule. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is FAUG's dividend yield? FAUG's trailing-twelve-month yield is —, calculated from the sum of dividends over the past year divided by the current price. ### When is FAUG's next ex-dividend date? FAUG hasn't announced its next ex-date yet. Once declared it'll appear at the top of the dividend history table on this page. ### How much will FAUG's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.85% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does FAUG charge its expense ratio? The expense ratio is deducted in tiny daily slices from FAUG's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does FAUG cost more than a fund like VOO? FAUG's strategy (current expense ratio 0.85%) is different from a broad-market index tracker like VOO, so its fee belongs to a different cohort. The Cost Verdict card above shows you where FAUG sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to FAUG? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as FAUG (0.85%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/faug - Distribution history: https://www.dividenddata.com/funds/faug/dividend - Holdings & diversification: https://www.dividenddata.com/funds/faug/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/faug/expenses - Peer comparison: https://www.dividenddata.com/funds/faug/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.