ETF overview
AUGM uses FLEX options to match the price returns of SPDR S&P 500 ETF Trust (SPY), up to a predetermined upside cap of at least 7%, while seeking to provide the maximum available buffer of 100% over a one year period starting in August. The expected range of the buffer for future periods is between 20% and 100%. At the end of the target outcome period, the upside cap and downside buffer for the new target outcome period are reset to prevailing market conditions. If the fund is not able to set the maximum buffer against 100% of the losses, then it would seek to adjust the cap. Likewise, if the fund cannot set a cap of at least 7%, then it would seek to adjust the maximum buffer instead. To achieve the target outcomes sought by the fund for a target outcome period, an investor must hold fund shares for that entire target outcome period.
Fund facts
- Expense ratio
- 0.85%
- Fund assets
- 65.7M USD (all share classes)
- Issuer
- First Trust
- Inception date
- Aug 16, 2024
- Number of holdings
- 3
Breakdown
Holdings (3)
| Name | Ticker | Weight |
|---|---|---|
| 2027-08-20 State Street® SPDR® S&P 500® ETF Trust C 7.64 | 97.69% | |
| 2027-08-20 State Street® SPDR® S&P 500® ETF Trust P 765.70 | 4.75% | |
| 2027-08-20 State Street® SPDR® S&P 500® ETF Trust C 826.98 | -3.43% |
Similar ETFs
- FT Vest U.S. Equity Buffer ETF - AugustFAUG · Expense ratio 0.85%
Historical returns do not guarantee future returns. This is not investment advice.
FT Vest U.S. Equity Max Buffer ETF - August (AUGM)
- Expense ratio
- 0.85%
- Fund assets
- 65.7M USD (all share classes)
- Issuer
- First Trust
- Inception date
- Aug 16, 2024
- Number of holdings
- 3
| Name | Ticker | Weight |
|---|---|---|
| 2027-08-20 State Street® SPDR® S&P 500® ETF Trust C 7.64 | 97.69% | |
| 2027-08-20 State Street® SPDR® S&P 500® ETF Trust P 765.70 | 4.75% | |
| 2027-08-20 State Street® SPDR® S&P 500® ETF Trust C 826.98 | -3.43% |
AUGM uses FLEX options to match the price returns of SPDR S&P 500 ETF Trust (SPY), up to a predetermined upside cap of at least 7%, while seeking to provide the maximum available buffer of 100% over a one year period starting in August. The expected range of the buffer for future periods is between 20% and 100%. At the end of the target outcome period, the upside cap and downside buffer for the new target outcome period are reset to prevailing market conditions. If the fund is not able to set the maximum buffer against 100% of the losses, then it would seek to adjust the cap. Likewise, if the fund cannot set a cap of at least 7%, then it would seek to adjust the maximum buffer instead. To achieve the target outcomes sought by the fund for a target outcome period, an investor must hold fund shares for that entire target outcome period.
- FT Vest U.S. Equity Buffer ETF - AugustFAUG · Expense ratio 0.85%
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