FT Vest International Equity Moderate Buffer ETF - September
YSEP
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
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in mil. unless spec.Quarterly Dividends Per Share
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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 International Equity Moderate Buffer ETF - September (YSEP) is an actively managed exchange-traded fund that seeks to deliver specific target investment outcomes linked to the price return of the iShares MSCI EAFE ETF (EFA), which tracks developed market equities outside the U.S. and Canada, through a defined outcome strategy employing FLEX Options; the fund provides a moderate downside buffer of approximately 10% against losses in EFA over a one-year Target Outcome Period beginning each September, while capping upside participation at a predefined level that varies with market conditions and resets annually. Core holdings consist primarily of customized FLEX Options referencing EFA, including long call and short put positions structured to achieve the buffer and cap; the fund maintains high concentration in these options, with top holdings typically comprising over 99% of assets; it does not directly invest in underlying international equities but gains indirect exposure to large-cap blend stocks across sectors such as financial services, industrials, healthcare, and technology in regions including the Eurozone, Japan, Europe ex-Euro, the United Kingdom, and Australasia. Launched on September 17, 2021, and domiciled in the United States with shares listed on Cboe BZX, YSEP is advised by First Trust Advisors L.P., an affiliate of First Trust Portfolios L.P. (distributor) and Vest Financial LLC (licensor of the Target Outcome strategy), and operates with a net expense ratio of 0.90% as of recent data showing approximately $102 million in assets under management. Recent developments include a portfolio management change with Trevor Lack joining Karan Sood effective January 2, 2025; sustained net fund inflows of about $55 million over the past year amid broader expansion in First Trust's target outcome ETF lineup, such as new launches like FT Vest U.S. Equity Max Buffer ETF - December (DECM) and FT Vest Emerging Markets Buffer ETF; and ongoing annual resets of outcome parameters for the September 2025 period, with current holdings focused on EFA options expiring September 2025. The fund targets investors seeking buffered exposure to international developed equities without full downside risk, though outcomes apply only for shares held from period start to end, and it remains available primarily to U.S. investors with no minimum investment thresholds.