
FT Vest U.S. Small Cap Moderate Buffer ETF - August (SAUG)
ETF overview
SAUG uses options in an effort to moderate losses on shares of iShares Russell 2000 ETF (ticker: IWM) over a one-year period, starting in August. The fund foregoes some upside return, as well as the dividend component of IWM because the options are written on the price (not total) return version of the shares, in exchange for preventing realization of the first 15% of the losses in IWM value. Should the shares of IWM decline greater than 15%, investors participate in the downside performance on a $1 for $1 basis. Shares must be held over a specific period to pursue the intended results. At the end of the target outcome period, the fund will reset for a new outcome period tied to the same index and buffer, but the cap may change based on market rates. The targeted cap and buffer do not include the funds expense ratio and should be taken into consideration. The fund is actively managed and uses FLEX options on IWM shares exclusively.
Fund facts
- Expense ratio
- 0.90%
- Fund assets
- 127.28M USD (all share classes)
- Issuer
- First Trust
- Inception date
- Aug 18, 2023
- Number of holdings
- 4
Holdings (4)
| Name | Ticker | Weight |
|---|---|---|
| 2027-08-20 iShares Russell 2000 ETF C 3 | 92.56% | |
| 2027-08-20 iShares Russell 2000 ETF P 299.96 | 10.91% | |
| 2027-08-20 iShares Russell 2000 ETF C 353.20 | -0.61% | |
| 2027-08-20 iShares Russell 2000 ETF P 254.97 | -3.97% |
Similar ETFs
- FT Vest U.S. Small Cap Moderate Buffer ETF - FebruarySFEB · Expense ratio 0.90%
- FT Vest U.S. Small Cap Moderate Buffer ETF - NovemberSNOV · Expense ratio 0.90%
- FT Vest U.S. Small Cap Moderate Buffer ETF - MaySMAY · Expense ratio 0.90%
Historical returns do not guarantee future returns. This is not investment advice.

FT Vest U.S. Small Cap Moderate Buffer ETF - August (SAUG)
- Expense ratio
- 0.90%
- Fund assets
- 127.28M USD (all share classes)
- Issuer
- First Trust
- Inception date
- Aug 18, 2023
- Number of holdings
- 4
| Name | Ticker | Weight |
|---|---|---|
| 2027-08-20 iShares Russell 2000 ETF C 3 | 92.56% | |
| 2027-08-20 iShares Russell 2000 ETF P 299.96 | 10.91% | |
| 2027-08-20 iShares Russell 2000 ETF C 353.20 | -0.61% | |
| 2027-08-20 iShares Russell 2000 ETF P 254.97 | -3.97% |
SAUG uses options in an effort to moderate losses on shares of iShares Russell 2000 ETF (ticker: IWM) over a one-year period, starting in August. The fund foregoes some upside return, as well as the dividend component of IWM because the options are written on the price (not total) return version of the shares, in exchange for preventing realization of the first 15% of the losses in IWM value. Should the shares of IWM decline greater than 15%, investors participate in the downside performance on a $1 for $1 basis. Shares must be held over a specific period to pursue the intended results. At the end of the target outcome period, the fund will reset for a new outcome period tied to the same index and buffer, but the cap may change based on market rates. The targeted cap and buffer do not include the funds expense ratio and should be taken into consideration. The fund is actively managed and uses FLEX options on IWM shares exclusively.
- FT Vest U.S. Small Cap Moderate Buffer ETF - FebruarySFEB · Expense ratio 0.90%
- FT Vest U.S. Small Cap Moderate Buffer ETF - NovemberSNOV · Expense ratio 0.90%
- FT Vest U.S. Small Cap Moderate Buffer ETF - MaySMAY · Expense ratio 0.90%
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