FT Vest Nasdaq-100 Buffer ETF - September
QSPT
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 - Global
- Address
- 120 East Liberty Drive, Suite 400 Wheaton IL United States of America 60187
- IPO Date
- Sep 21, 2021
- CIK
- 0001667919
- Website
- ftportfolios.com
- Similar Companies
- Business
- FT Vest Nasdaq-100 Buffer ETF - September (QSPT) is an actively managed exchange-traded fund that seeks to provide investors with returns that match the price return of the Invesco QQQ Trust, Series 1, up to a predetermined upside cap, while offering a buffer against the first 10% of losses in the underlying ETF over a defined one-year target outcome period typically resetting in September; the fund employs FLEX Options on the Invesco QQQ Trust and holds collateral such as cash equivalents and U.S. stocks to achieve these target outcomes. First Trust Advisors L.P. serves as the investment adviser, with portfolio managers including Karan Sood since inception and Trevor Lack since January 2025, while Vest Financial LLC provides the Target Outcome strategy and associated trademarks; the ETF, part of the First Trust Exchange-Traded Fund VIII series, trades on the Cboe BZX Exchange with total net assets of approximately $399.49 million, a net expense ratio of 0.90%, and is available to investors in the United States. Launched on September 17, 2021, the fund operates within the defined outcome ETF segment targeting large-cap growth equity exposure, primarily to financial advisors, institutional investors, and individual retail investors seeking downside protection with capped upside in Nasdaq-100-linked strategies. Recent developments include ongoing annual resets of target outcome periods with varying caps based on market conditions above 12-13% in prior cycles, institutional ownership growth with 73 holders managing over 10 million shares as of early 2025, and portfolio management continuity under First Trust Advisors L.P., headquartered in Wheaton, Illinois since its founding in 1991, amid steady assets under management expansion without major acquisitions, partnerships, or strategic shifts reported in 2024-2025. The fund maintains a non-diversified portfolio concentrated in FLEX Options (top holdings exceeding 99% allocation) referencing the technology-heavy Nasdaq-100 Index, with geographic focus on U.S. markets and no international operations.