Frequently Asked Questions About FJUL

What does FJUL invest in?

FJUL 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 July. 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 FJUL?

FT Vest U.S. Equity Buffer ETF - July (FJUL) charges an expense ratio of 0.85%. This is the annual fee deducted from fund assets to cover management and operations.

How big is FJUL?

FT Vest U.S. Equity Buffer ETF - July (FJUL) manages $1.41B 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 FJUL actively managed or an index fund?

FJUL's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was FJUL launched?

FT Vest U.S. Equity Buffer ETF - July (FJUL) launched in July 2020 and is managed by First Trust.

How has FJUL performed?

FJUL'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.

FJUL

FT Vest U.S. Equity Buffer ETF - July

CBOE·Asset Management · Financial Services

$61.31$0.51−0.82%

After hours·$61.31+0.00%

Market closed·Oct 22 4:00 PM EDT

Price Chart

$61.31−$0.51 (−0.82%)today

+71.02%CAGR +11.34%

Select date range

FromTo

Jul 20, 2020Oct 23, 2021 → Oct 23, 2026· 5.0 yrsOct 23, 2026

Key Metrics

DistributionDividend Tab

Annual Distribution (FWD)—

Distribution Yield (FWD)—

Annual Distribution (TTM)—

Distribution Yield (TTM)—

Distribution Growth (5Y)—

Frequency—

Most Recent—

Ex-Dividend Date—

Payment Date—

DiversificationDiversification Tab

Holdings13

Top 10 Weight100.1%

Top 25 Weight100.1%

Effective Holdings1

Sectors11

Largest HoldingS000068855-0 · 89.1%

Largest SectorTechnology · 40.1%

Asset ClassMulti-Asset

StrategyBuffered

Cost & RiskExpenses Tab

Expense Ratio0.85%

Cost per 10k Invested$85.00

AUM$1.41B

Avg Daily Volume51.11K

Price$61.31

NAV$61.78

Premium / Discount−0.76%

52-Week Range$53.53 – $62.10

Beta0.64

Fund Overview

Cost Verdict

Is FJUL's expense ratio expensive, average, or a steal for its category?

Pro reveals the verdict on a 5-tier spectrum calibrated against ICI 2025 industry averages, with strategy-aware bands so the comparison is meaningful.

Issuer: First Trust
Asset Class: Multi-Asset
Strategy: Buffered
Inception: July 17, 2020
Fund Type: ETF
Domicile: US
Currency: USD
ISIN: US33740U2087
CUSIP: 33740U208
Website: www.ftportfolios.com/Retail/Etf/EtfSummary.aspx?Ticker=FJUL

Peers

Peers Tab

FJAN

FT Vest U.S. Equity Buffer ETF - January

Cap

$1.5B

FFEB

FT Vest U.S. Equity Buffer ETF - February

Cap

$1.4B

FAUG

FT Vest U.S. Equity Buffer ETF - August

Cap

$1.2B

Latest News

News Tab

No recent news available.

Frequently Asked Questions About FJUL

What does FJUL invest in?: FJUL 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 July. 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 FJUL?: FT Vest U.S. Equity Buffer ETF - July (FJUL) charges an expense ratio of 0.85%. This is the annual fee deducted from fund assets to cover management and operations.
How big is FJUL?: FT Vest U.S. Equity Buffer ETF - July (FJUL) manages $1.41B 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 FJUL actively managed or an index fund?: FJUL's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.
When was FJUL launched?: FT Vest U.S. Equity Buffer ETF - July (FJUL) launched in July 2020 and is managed by First Trust.
How has FJUL performed?: FJUL'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.