QMMY

FT Vest Nasdaq-100 Moderate Buffer ETF - May

$24.54
+0.00%
Market closed. Last update: 10:56 PM ET

📎 Investment Objective

The FT Vest Nasdaq-100 Moderate Buffer ETF - May seeks to provide investment results that, before fees and expenses, correspond generally to the performance of the Nasdaq-100 Index, while providing a buffer against the first 10% of losses in the index.

Overview

ETF tracking FT Vest Nasdaq-100 Moderate Buffer ETF - May

Category Technology
Issuer Other
Inception Date 2024-05-20
Market Cap $87.1M
Average Volume N/A
Dividend Yield N/A
52-Week Range $19.39 - $24.80
VWAP $24.55

Performance

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Investment Summary

📎 Investment Objective

The FT Vest Nasdaq-100 Moderate Buffer ETF - May seeks to provide investment results that, before fees and expenses, correspond generally to the performance of the Nasdaq-100 Index, while providing a buffer against the first 10% of losses in the index.

🎯 Investment Strategy

The ETF invests in a portfolio of securities that aims to track the Nasdaq-100 Index, while also utilizing a buffer strategy to protect against the first 10% of losses in the index. This buffer is reset annually in May.

✨ Key Features

  • Seeks to track the Nasdaq-100 Index, a leading benchmark for large-cap technology stocks
  • Provides a 10% buffer against losses in the underlying index, resetting annually in May
  • Low expense ratio of 0.00%
  • Relatively new fund with limited performance history

⚠️ Primary Risks

  • Market risk: The value of the ETF's holdings may decline due to general market conditions
  • Sector concentration risk: The fund's focus on the technology sector makes it vulnerable to developments in that industry
  • Buffer strategy risk: The buffer against losses may not be effective in all market conditions
  • Lack of track record: With limited performance history, the fund's long-term viability is unproven

👤 Best For

This ETF may be suitable for investors seeking exposure to large-cap technology stocks with some downside protection, and who have a moderate risk tolerance and a long-term investment horizon. However, the fund's limited history means it may not be appropriate for all investors.