FT Vest U.S. Equity Moderate Buffer ETF - September
GSEP
Chicago Board Options Exchange- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- CEO
- Gary C. Evans
- Full Time Employees
- 2
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 120 East Liberty Drive, Suite 400 Wheaton IL United States of America 60187
- IPO Date
- Sep 18, 2023
- Website
- genh.com
- Similar Companies
- Business
- FT Vest U.S. Equity Moderate Buffer ETF – September (GSEP) seeks to provide investors with returns, before fees and expenses, that match the price return of the SPDR S&P 500 ETF Trust (SPY) up to a predetermined upside cap while offering a buffer against the first 15% of SPY losses over a one-year Target Outcome Period that resets annually in September; the fund invests substantially all of its assets in Flexible Exchange® (FLEX) Options referencing SPY, including call and put options paired with cash collateral, as evidenced by its holdings of SPY call options struck at 666.60 and 739.91, put options at 663.72 and 564.17, and U.S. dollars. Launched on September 15, 2023 and listed on Cboe BZX, GSEP operates within the actively managed target outcome ETF segment of the exchange-traded funds industry, targeting individual investors, financial advisors, institutions, and separately managed account platforms seeking defined risk parameters tied to large-cap U.S. equity performance. First Trust Advisors L.P. (FTA), founded in 1991 and headquartered in Wheaton, Illinois, serves as investment adviser, with affiliate First Trust Portfolios L.P. acting as distributor; the fund leverages Target Outcome® strategies originated by Vest Financial LLC, an FTA affiliate based in McLean, Virginia. Recent developments include the establishment of a new Target Outcome Period commencing September 2025 through September 2026, with FLEX Options positioned for the current cap and buffer based on prevailing market conditions at reset; institutional interest has grown significantly in 2025, highlighted by new positions such as Atria Investments, Inc.'s $5.7 million stake in Q3 2025, Envestnet Asset Management's addition of 445,423 shares valued at approximately $17 million, and Wealth Enhancement Advisory Services' acquisition of 6,219 shares in Q2. FTA announced proposed reorganizations in October 2025 of four Vest-managed funds into First Trust series, including bitcoin-related strategies, subject to shareholder approval, reflecting ongoing portfolio consolidation efforts; the firm expanded its actively managed ETF suite to 187 offerings as of late 2025, with assets under management or supervision reaching approximately $299-304 billion. GSEP maintains U.S.-focused operations through its Cboe listing and SPY reference, with no international geographic segments or subsidiaries noted.