Frequently Asked Questions About SNOV

What does SNOV invest in?

SNOV uses options in an effort to moderate losses on shares of iShares Russell 2000 ETF (ticker: IWM) over a one-year period, starting in November. 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 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 SNOV?

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

How big is SNOV?

FT Vest U.S. Small Cap Moderate Buffer ETF - November (SNOV) manages $114.3M 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 SNOV actively managed or an index fund?

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

When was SNOV launched?

FT Vest U.S. Small Cap Moderate Buffer ETF - November (SNOV) launched in November 2023 and is managed by First Trust.

How has SNOV performed?

SNOV'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.

SNOV

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

CBOE·Asset Management · Financial Services

$27.15$0.05−0.18%

After hours·$27.13−0.06%

Market closed·Jul 22 7:59 PM UTC

Price Chart

$27.15−$0.05 (−0.18%)today

+35.52%CAGR +12.05%

Select date range

FromTo

Nov 20, 2023Nov 20, 2023 → Jul 23, 2026· 2.7 yrsJul 23, 2026

Key Metrics

DistributionDividend Tab

Annual Distribution (FWD)—

Distribution Yield (FWD)—

Annual Distribution (TTM)—

Distribution Yield (TTM)—

Distribution Growth (5Y)—

Frequency—

Most Recent—

Ex-Dividend Date—

Payment Date—

DiversificationDiversification Tab

Holdings3

Top 10 Weight100.0%

Top 25 Weight100.0%

Effective Holdings1

Sectors12

Largest Holding4IWM 261120C00002360 · 99.0%

Largest SectorHealthcare · 20.3%

Asset ClassMulti-Asset

StrategyBuffered

Cost & RiskExpenses Tab

Expense Ratio0.90%

Cost per 10k Invested$90.00

AUM$114.27M

Avg Daily Volume12.54K

Price$27.15

NAV$27.21

Premium / Discount−0.24%

52-Week Range$22.93 – $27.27

Beta0.57

Fund Overview

Cost Verdict

Is SNOV's expense ratio expensive, average, or a steal for its category?

Pro reveals the verdict on a 5-tier spectrum calibrated against ICI 2025 industry averages, with strategy-aware bands so the comparison is meaningful.

Issuer: First Trust
Asset Class: Multi-Asset
Strategy: Buffered
Inception: November 17, 2023
Fund Type: ETF
Domicile: US
Currency: USD
ISIN: US33740F3423
CUSIP: 33740F342
Website: www.ftportfolios.com/Retail/Etf/EtfSummary.aspx?Ticker=SNOV

Peers

Peers Tab

SMAY

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

Cap

$105.0M

YMAR

FT Vest International Equity Moderate Buffer ETF – March

Cap

$105.1M

BUFT

FT Vest Buffered Allocation Defensive ETF

Cap

$146.4M

Latest News

News Tab

No recent news available.

Frequently Asked Questions About SNOV

What does SNOV invest in?: SNOV uses options in an effort to moderate losses on shares of iShares Russell 2000 ETF (ticker: IWM) over a one-year period, starting in November. 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 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 SNOV?: FT Vest U.S. Small Cap Moderate Buffer ETF - November (SNOV) charges an expense ratio of 0.90%. This is the annual fee deducted from fund assets to cover management and operations.
How big is SNOV?: FT Vest U.S. Small Cap Moderate Buffer ETF - November (SNOV) manages $114.3M 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 SNOV actively managed or an index fund?: SNOV's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.
When was SNOV launched?: FT Vest U.S. Small Cap Moderate Buffer ETF - November (SNOV) launched in November 2023 and is managed by First Trust.
How has SNOV performed?: SNOV'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.