FT Vest Nasdaq-100 Conservative Buffer ETF - April

Frequently Asked Questions About QCAP

What does QCAP invest in?

QCAP uses flex options in an effort to moderate losses on the Invesco QQQ Trust over a one-year period, starting each April. In exchange for preventing realization of the first 20% of losses, the fund foregoes some upside return as well as the dividend component of QQQ, because options are written on the price (not total) return version of the shares. Should QQQ's share price decline by more than 20%, investors participate in the downside performance on a $1 for $1 basis. 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. Investors who buy at any other time than the annual reset day may have a significantly different protection and buffer zone. The issuer publishes effective interim levels daily on its website. The fund must be held until the end of the period to achieve the intended results. The targeted buffers and caps do not include the fund's expense ratio.

What is the expense ratio of QCAP?

FT Vest Nasdaq-100 Conservative Buffer ETF - April (QCAP) charges an expense ratio of 0.90%. This is the annual fee deducted from fund assets to cover management and operations.

How big is QCAP?

FT Vest Nasdaq-100 Conservative Buffer ETF - April (QCAP) manages $126.2M 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 QCAP actively managed or an index fund?

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

When was QCAP launched?

FT Vest Nasdaq-100 Conservative Buffer ETF - April (QCAP) launched in April 2024 and is managed by First Trust.

How has QCAP performed?

QCAP'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.