# FT Vest Nasdaq-100 Conservative Buffer ETF - April (QCAP): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/qcap 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: 2024-04-19 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,... ## Key Facts | Metric | Value | |---|---| | Price | $25.24 | | Expense Ratio | 0.90% | | Assets Under Management | $126.2M | | NAV | $25.49 | | Holdings Count | 4 | | Distribution Yield (TTM) | — | | Annual Distribution (TTM) | — /share | | Distribution Frequency | — | | 52-Week Range | $23.27 – $25.74 | | Beta | 0.24 | ## Frequently Asked Questions ### 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. ### Does QCAP pay a dividend? FT Vest Nasdaq-100 Conservative Buffer ETF - April (QCAP) 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 QCAP pay dividends? FT Vest Nasdaq-100 Conservative 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 QCAP's dividend yield? QCAP's trailing-twelve-month yield is —, calculated from the sum of dividends over the past year divided by the current price. ### When is QCAP's next ex-dividend date? QCAP 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 QCAP's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.90% 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 QCAP charge its expense ratio? The expense ratio is deducted in tiny daily slices from QCAP'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 QCAP cost more than a fund like VOO? QCAP's strategy (current expense ratio 0.90%) 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 QCAP sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to QCAP? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as QCAP (0.90%) 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/qcap - Distribution history: https://www.dividenddata.com/funds/qcap/dividend - Holdings & diversification: https://www.dividenddata.com/funds/qcap/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/qcap/expenses - Peer comparison: https://www.dividenddata.com/funds/qcap/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.