FT Vest U.S. Equity Buffer & Premium Income ETF - September

Frequently Asked Questions About XISE

What does XISE invest in?

The FT Vest U.S. Equity Buffer & Premium Income ETF - September (referred to as the "Fund") is structured with a dual aim: to generate a steady income stream for investors, targeting an approximate annualized yield of 6.88% (prior to accounting for fees and expenses), and concurrently to offer a protective shield against the first 10% of downturns experienced by its underlying ETF (also before fees and expenses). These objectives are pursued over the specific timeframe from September 22, 2025, to September 18, 2026.

What is the expense ratio of XISE?

FT Vest U.S. Equity Buffer & Premium Income ETF - September (XISE) charges an expense ratio of 0.85%. This is the annual fee deducted from fund assets to cover management and operations.

What is XISE's distribution yield?

XISE's trailing-twelve-month yield is 5.98%, calculated from the sum of distributions over the past year divided by the current price.

How does XISE's covered-call strategy work?

XISE sells call options against the stocks (or index) it holds, collecting premium income that gets passed through to shareholders as distributions. The strategy generates above-market income in flat or rising markets but caps upside — when the underlying rallies past the strike, the gains above the strike go to the option buyer, not the fund.

How big is XISE?

FT Vest U.S. Equity Buffer & Premium Income ETF - September (XISE) manages $35.6M 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 XISE actively managed or an index fund?

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