# FT Vest U.S. Equity Buffer ETF - September (FSEP): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/fsep 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: 2020-09-18 The FT Vest U.S. Equity Buffer ETF - September aims to deliver returns that align with the price performance of its underlying benchmark, the SPDR S&P 500 ETF Trust. This includes capturing gains up to a predetermined maximum of 14.00%, while also providing a protective barrier against the initial 10% of any losses incurred by the benchmark. All stated upside limits and downside protections are calculated before any fees and expenses are applied, for the investment period spanning September 22, 2025, to September 18, 2026. ## Key Facts | Metric | Value | |---|---| | Price | $57.33 | | Expense Ratio | 0.85% | | Assets Under Management | $1.43B | | NAV | $57.32 | | Holdings Count | 4 | | Distribution Yield (TTM) | — | | Annual Distribution (TTM) | — /share | | Distribution Frequency | — | | 52-Week Range | $49.14 – $58.06 | | Beta | 0.62 | ## Frequently Asked Questions ### What does FSEP invest in? The FT Vest U.S. Equity Buffer ETF - September aims to deliver returns that align with the price performance of its underlying benchmark, the SPDR S&P 500 ETF Trust. This includes capturing gains up to a predetermined maximum of 14.00%, while also providing a protective barrier against the initial 10% of any losses incurred by the benchmark. All stated upside limits and downside protections are calculated before any fees and expenses are applied, for the investment period spanning September 22, 2025, to September 18, 2026. ### What is the expense ratio of FSEP? FT Vest U.S. Equity Buffer ETF - September (FSEP) charges an expense ratio of 0.85%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is FSEP? FT Vest U.S. Equity Buffer ETF - September (FSEP) manages $1.43B 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 FSEP actively managed or an index fund? FSEP's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy. ### When was FSEP launched? FT Vest U.S. Equity Buffer ETF - September (FSEP) launched in September 2020 and is managed by First Trust. ### How has FSEP performed? FSEP'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 FSEP pay a dividend? FT Vest U.S. Equity Buffer ETF - September (FSEP) 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 FSEP pay dividends? FT Vest U.S. Equity Buffer ETF - September 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 FSEP's dividend yield? FSEP's trailing-twelve-month yield is —, calculated from the sum of dividends over the past year divided by the current price. ### When is FSEP's next ex-dividend date? FSEP 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 FSEP'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 FSEP charge its expense ratio? The expense ratio is deducted in tiny daily slices from FSEP'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 FSEP cost more than a fund like VOO? FSEP'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 FSEP sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to FSEP? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as FSEP (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/fsep - Distribution history: https://www.dividenddata.com/funds/fsep/dividend - Holdings & diversification: https://www.dividenddata.com/funds/fsep/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/fsep/expenses - Peer comparison: https://www.dividenddata.com/funds/fsep/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.