Key stats
About FT Vest Nasdaq-100 Moderate Buffer ETF - November
Home page
Inception date
Nov 15, 2024
Structure
Open-Ended Fund
Replication method
Synthetic
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
First Trust Advisors LP
Distributor
First Trust Portfolios LP
ISIN
US33740U5130
QMNV uses FLEX options in an effort to moderate losses on the Invesco QQQ Trust over a one-year period, starting each November. The fund foregoes some upside return on QQQs price performance in exchange for preventing the realization of the first 15% losses. Should QQQ's share price decline by more than 15%, investors participate in the downside performance on a $1 for $1 basis. 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. Investors who buy at any other time than the annual reset day may have a significantly different protection and buffer zone. The issuer publishes effective interim levels daily on its website. The fund must be held until the end of the period to achieve the intended results. The targeted buffers and caps do not include the fund's expense ratio.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Rights & Warrants
Bonds, Cash & Other100.00%
Rights & Warrants99.73%
Cash0.27%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
QMNV assets under management is 33.45 M USD. It's risen 0.47% over the last month.
QMNV fund flows account for 29.57 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
No, QMNV doesn't pay dividends to its holders.
QMNV shares are issued by AJM Ventures LLC under the brand FT Vest. The ETF was launched on Nov 15, 2024, and its management style is Active.
QMNV expense ratio is 0.90% meaning you'd have to pay 0.90% of your investment to help manage the fund.
QMNV follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
QMNV invests in cash.
QMNV price has risen by 0.56% over the last month, and its yearly performance shows a 12.32% increase. See more dynamics on QMNV price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 0.82% over the last month, showed a 3.59% increase in three-month performance and has increased by 10.70% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 0.82% over the last month, showed a 3.59% increase in three-month performance and has increased by 10.70% in a year.
QMNV trades at a premium (0.01%) meaning the ETF is trading at a higher price than the calculated NAV.