FT Vest U.S. Equity Buffer ETF - September
FSEP
Chicago Board Options Exchange- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 120 East Liberty Drive, Suite 400 Wheaton IL United States of America 60187
- IPO Date
- Sep 21, 2020
- Website
- ftportfolios.com
- Similar Companies
- Business
- FT Vest U.S. Equity Buffer ETF - September (FSEP) is an exchange-traded fund that seeks to provide investors with specific target outcomes linked to the price return of the SPDR S&P 500 ETF Trust (SPY) over approximately one-year Target Outcome Periods beginning in September each year; it aims to deliver a predetermined buffer, typically against the first 10% of losses in SPY's price return, while capping potential upside gains at a level set by prevailing market conditions at the start of each period. The fund invests substantially all of its assets in FLEX Options referencing SPY, enabling customized terms for exercise prices, styles, and expiration dates to achieve these buffered outcomes; it offers exposure to large-cap U.S. equities across diversified sectors including technology, financial services, consumer cyclical, communication services, and healthcare, with nearly all assets in U.S. stocks. Launched on September 18, 2020, and domiciled in the United States, FSEP trades on the Cboe BZX exchange with a net expense ratio of 0.85% and total net assets exceeding $900 million. First Trust Advisors L.P., based in Wheaton, Illinois, serves as investment adviser, with Vest Financial LLC as sub-adviser; the fund is issued by First Trust Exchange-Traded Fund VIII and distributed by First Trust Portfolios L.P.. Recent developments include the addition of Trevor Lack as co-manager effective January 2, 2025, alongside Karan Sood, and routine resets of the cap and buffer for new Target Outcome Periods reflecting current market volatility, alongside monthly distributions declared in September 2025. Ongoing growth in First Trust's suite of Target Outcome ETFs, surpassing key asset milestones, underscores expanded investor adoption, while First Trust Capital Partners strengthened ties through majority equity ownership in Vest's parent company. The fund targets U.S. investors seeking defined-risk equity exposure and operates perpetually, with outcomes applicable only if shares are held through each period's end.