# FT Vest Nasdaq-100 Moderate Buffer ETF - August (QMAG): ETF Facts & Distributions

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- Issuer: First Trust · Asset class: Multi-Asset
- Strategy: Buffered · Inception: 2024-08-16

QMAG uses flex options in an effort to moderate losses on the Invesco QQQ Trust over a one-year period, starting each August. The fund foregoes some upside return on QQQs price performance in exchange for preventing the realization of the first 15% losses. Should QQQs share price decline by more than 15%, 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...

## Key Facts

| Metric | Value |
|---|---|
| Price | $25.76 |
| Expense Ratio | 0.90% |
| Assets Under Management | $99.2M |
| NAV | $26.12 |
| Holdings Count | 4 |
| Distribution Yield (TTM) | — |
| Annual Distribution (TTM) | — /share |
| Distribution Frequency | — |
| 52-Week Range | $22.64 – $26.67 |
| Beta | 0.55 |

## Frequently Asked Questions

### What does QMAG invest in?

QMAG uses flex options in an effort to moderate losses on the Invesco QQQ Trust over a one-year period, starting each August. The fund foregoes some upside return on QQQs price performance in exchange for preventing the realization of the first 15% losses. Should QQQs share price decline by more than 15%, 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 funds expense ratio.

### What is the expense ratio of QMAG?

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

### How big is QMAG?

FT Vest Nasdaq-100 Moderate Buffer ETF - August (QMAG) manages $99.2M 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 QMAG actively managed or an index fund?

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

### When was QMAG launched?

FT Vest Nasdaq-100 Moderate Buffer ETF - August (QMAG) launched in August 2024 and is managed by First Trust.

### How has QMAG performed?

QMAG'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 QMAG pay a dividend?

FT Vest Nasdaq-100 Moderate Buffer ETF - August (QMAG) 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 QMAG pay dividends?

FT Vest Nasdaq-100 Moderate Buffer ETF - August 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 QMAG's dividend yield?

QMAG's trailing-twelve-month yield is —, calculated from the sum of dividends over the past year divided by the current price.

### When is QMAG's next ex-dividend date?

QMAG 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 QMAG'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 QMAG charge its expense ratio?

The expense ratio is deducted in tiny daily slices from QMAG'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 QMAG cost more than a fund like VOO?

QMAG'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 QMAG sits within its own category, which is the comparison that actually matters.

### Are there cheaper alternatives to QMAG?

The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as QMAG (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/qmag
- Distribution history: https://www.dividenddata.com/funds/qmag/dividend
- Holdings & diversification: https://www.dividenddata.com/funds/qmag/diversification
- Fees & cheaper alternatives: https://www.dividenddata.com/funds/qmag/expenses
- Peer comparison: https://www.dividenddata.com/funds/qmag/peers

Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.