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

Frequently Asked Questions About XSEP

What does XSEP invest in?

The FT Vest U.S. Equity Enhance & Moderate Buffer ETF - September (referred to as the "Fund") aims to offer investors a distinct return profile. Its objective is to provide roughly double the positive price appreciation of the SPDR S&P 500 ETF Trust (the "Underlying ETF"), with this upside limited to a predefined maximum gain of 9.58%. Concurrently, the Fund is designed to shield against the initial 15% of any losses incurred by the Underlying ETF. These financial outcomes are calculated prior to fees and expenses, and apply specifically to the term spanning from September 22, 2025, through September 18, 2026.

What is the expense ratio of XSEP?

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

How big is XSEP?

FT Vest U.S. Equity Enhance & Moderate Buffer ETF - September (XSEP) manages $134.9M 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 XSEP actively managed or an index fund?

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

When was XSEP launched?

FT Vest U.S. Equity Enhance & Moderate Buffer ETF - September (XSEP) launched in September 2022 and is managed by First Trust.

How has XSEP performed?

XSEP'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.