FT Vest U.S. Small Cap Moderate Buffer ETF - February

Frequently Asked Questions About SFEB

What does SFEB invest in?

SFEB uses options in an effort to moderate losses on shares of iShares Russell 2000 ETF (ticker: IWM) over a one-year period, starting in February. The fund foregoes some upside return, as well as the dividend component of IWM because the options are written on the price (not total) return version of the shares, in exchange for preventing the realization of the first 15% of the losses in IWM value. Should the shares of IWM decline greater than 15%, investors participate in the downside performance on a $1 for $1 basis. Shares must be held over a specific period to pursue the intended results. 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. The targeted cap and buffer do not include the funds expense ratio and should be taken into consideration. The fund is actively managed and uses FLEX options on IWM shares exclusively.

What is the expense ratio of SFEB?

FT Vest U.S. Small Cap Moderate Buffer ETF - February (SFEB) charges an expense ratio of 0.90%. This is the annual fee deducted from fund assets to cover management and operations.

How big is SFEB?

FT Vest U.S. Small Cap Moderate Buffer ETF - February (SFEB) manages $127.0M 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 SFEB actively managed or an index fund?

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

When was SFEB launched?

FT Vest U.S. Small Cap Moderate Buffer ETF - February (SFEB) launched in February 2024 and is managed by First Trust.

How has SFEB performed?

SFEB'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.