FT Vest U.S. Equity Enhance & Moderate Buffer ETF - November

Frequently Asked Questions About XNOV

What does XNOV invest in?

The FT Vest U.S. Equity Enhance & Moderate Buffer ETF - November (the "Fund") endeavors to provide investors with returns that are approximately double the positive price movement of the SPDR S&P 500 ETF Trust (the "Underlying ETF"). This potential for magnified gains is subject to a pre-established upside ceiling of 11.06%. Furthermore, the Fund is structured to offer a protective buffer against the initial 15% of any losses incurred by the Underlying ETF. All specified returns and buffer levels are considered prior to the assessment of fees and expenses, and this investment objective is valid for the defined term spanning November 24, 2025, to November 20, 2026.

What is the expense ratio of XNOV?

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

How big is XNOV?

FT Vest U.S. Equity Enhance & Moderate Buffer ETF - November (XNOV) manages $55.7M 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 XNOV actively managed or an index fund?

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

When was XNOV launched?

FT Vest U.S. Equity Enhance & Moderate Buffer ETF - November (XNOV) launched in November 2023 and is managed by First Trust.

How has XNOV performed?

XNOV'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.