# FT Vest U.S. Equity Moderate Buffer ETF - April (GAPR): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/gapr 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: 2023-04-21 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. ## Key Facts | Metric | Value | |---|---| | Price | $42.56 | | Expense Ratio | 0.85% | | Assets Under Management | $296.0M | | NAV | $42.59 | | Holdings Count | 4 | | Distribution Yield (TTM) | — | | Annual Distribution (TTM) | — /share | | Distribution Frequency | — | | 52-Week Range | $39.18 – $43.06 | | Beta | 0.29 | ## Frequently Asked Questions ### 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. ### Does GAPR pay a dividend? FT Vest U.S. Equity Moderate Buffer ETF - April (GAPR) 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 GAPR pay dividends? FT Vest U.S. Equity Moderate Buffer ETF - April 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 GAPR's dividend yield? GAPR's trailing-twelve-month yield is —, calculated from the sum of dividends over the past year divided by the current price. ### When is GAPR's next ex-dividend date? GAPR 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 GAPR'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 GAPR charge its expense ratio? The expense ratio is deducted in tiny daily slices from GAPR'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 GAPR cost more than a fund like VOO? GAPR'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 GAPR sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to GAPR? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as GAPR (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/gapr - Distribution history: https://www.dividenddata.com/funds/gapr/dividend - Holdings & diversification: https://www.dividenddata.com/funds/gapr/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/gapr/expenses - Peer comparison: https://www.dividenddata.com/funds/gapr/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.