- What does SQMX invest in?
- SQMX utilizes a target outcome strategy with FLEX Options to provide a buffer against the first 12.44% of losses in the SPDR S&P 500 ETF over a three-month Target Outcome Period. In exchange for this protection, the fund sets an upside cap of at least 3%. The objective aims for the highest buffer possible while ensuring a minimum cap of 3%. Losses that exceed the buffer result in a direct one-to-one impact on the fund. To achieve the intended results, shares must be held throughout the entire period. At the end of each Target Outcome Period, the fund resets its cap and buffer levels according to current market conditions. It is important to note that the calculations for cap and buffer do not include the fund's expense ratio, which could diminish net returns. This strategy is designed to adapt quarterly, responding to market trends while seeking to balance risk and return.
- What is the expense ratio of SQMX?
- FT Vest U.S. Equity Quarterly Max Buffer ETF (SQMX) charges an expense ratio of 0.85%. This is the annual fee deducted from fund assets to cover management and operations.
- How big is SQMX?
- FT Vest U.S. Equity Quarterly Max Buffer ETF (SQMX) manages $54.6M 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 SQMX actively managed or an index fund?
- SQMX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.
- When was SQMX launched?
- FT Vest U.S. Equity Quarterly Max Buffer ETF (SQMX) launched in December 2024 and is managed by First Trust.
- How has SQMX performed?
- SQMX'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.
