FT Vest U.S. Equity Moderate Buffer ETF - April

Frequently Asked Questions About GAPR

What does GAPR invest in?

The FT Vest U.S. Equity Moderate Buffer ETF - April aims to replicate the price performance of the SPDR S&P 500 ETF Trust for investors. From April 21, 2025, through April 17, 2026, the fund seeks to deliver returns that mirror the underlying ETF's gains, up to a predetermined maximum of 14.78%. Simultaneously, it provides protection against the initial 15% of losses experienced by the SPDR S&P 500 ETF Trust. All specified returns and buffer levels are calculated prior to any fees and expenses.

What is the expense ratio of GAPR?

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

How big is GAPR?

FT Vest U.S. Equity Moderate Buffer ETF - April (GAPR) manages $296.0M 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 GAPR actively managed or an index fund?

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

When was GAPR launched?

FT Vest U.S. Equity Moderate Buffer ETF - April (GAPR) launched in April 2023 and is managed by First Trust.

How has GAPR performed?

GAPR'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.