Fund Overview

  • Ticker:
    AUGB.F
  • Fund Category:
    Target Outcome Strategies
  • Fund Manager:
    FT Portfolios Canada Co.
  • Portfolio Advisor:
    First Trust Advisors L.P.
  • Portfolio Manager/Sub-Advisor:
    CBOE Vest Financial, LLC
  • CUSIP:
    33732U109
  • ISIN:
    CA33732U1093
  • SEDOL:
    BK1XSG9
  • Currency:
    CAD
  • Fiscal Year-End:
    31-12
  • Exchange:
    Toronto Stock Exchange
  • Inception:
    2019-08-29
  • Inception Price:
    $30.22
  • Inception NAV:
    $30.22

Fees and Expenses

  • Management Fee: 0.85%
  • MER: 0.93% as at 2020-12-31
Please refer to the prospectus for detailed explanation of the funds fees and expense.

Distribution Information (as at 2021-12-03)

  • Dividend Frequency:
    Annual

Investment Objective

First Trust Cboe Vest U.S. Equity Buffer ETF - August seeks to provide the unitholders with returns (before fees, expenses and taxes) that match the price return of the SPDR® S&P 500® ETF Trust (the "Underlying ETF") up to 11.64% cap (before fees, expenses and taxes), while providing a buffer against the first 10% (before fees, expenses and taxes) of a decrease in the market price of the Underlying ETF, over a period of approximately one year from the third Friday of August of each year to on or about the third Friday of August of the following year.

Outcome Period Performance

Outcome Period Values
Series
August
Reference Asset
SPDR S&P 500 ETF Trust
Cap (Net)
11.64% (10.57%)
Buffer Start (Net)
0.00% (-1.08%)
Buffer End (Net)
-10.00% (-11.08%)
Outcome Period
2021/08/23 - 2022/08/19
Current Values (as at 2021-12-03 at 4:00 PM ET)
Fund Level/Return^
$38.50 CAD / 1.65%
Reference Asset Level/Return
$453.45 USD / 2.27%
Remaining Outcome Period
259 days
Remaining Cap (Net)^^
9.83% (8.77%)
Reference Asset Return to Realize the Cap
9.16%
Remaining Buffer (Net)^^
10.38% (9.32%)
Reference Asset to Buffer End
12.00%
+ Unrealized Option Payoff
0.00%
+ Downside Before Buffer^^
-1.62%

Remaining Buffer (Net)^^
10.38% (9.32%)
 
 
Reference Asset and Fund Levels
Cap Reference Asset Level
$494.98 USD
Buffer Start Reference Asset Level
$443.37 USD
Buffer End Reference Asset Level
$399.03 USD
Cap Fund Level^^^
$42.28 CAD
Buffer Start Fund Level^^^
$37.87 CAD
Buffer End Fund Level^^^
$37.87 CAD
The Outcome Period Values are shown both gross and net of the Fund's annual management fee. The outcome values may only be realized for an investor who holds units for the outcome period shown.
^ Commissions, trailing commissions, management fees and expenses all may be associated with investing in the funds. Please read the prospectus before investing. The indicated rate of return shown is the return since the start of the outcome period including changes in unit value and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any securityholder that would have reduced returns. The funds are not guaranteed, their values change frequently, and past performance may not be repeated.
^^ The gross calculated outcome values are before fees, expenses, taxes and the effects of currency hedging. The net calculated outcome values include deduction of the Fund's annual management fee but do not include other fees, expenses, taxes, and the effect of currency hedging. As a result of the past and future costs, risks, and other performance impacts (including the cap and buffer applicable to the First Trust ETF) of the currency hedging strategy, some deviations from the price return of the Underlying ETF are expected to occur and the total returns of the First Trust ETF may be materially impacted. Such impacts may increase or decrease a unit holder's return and ability to achieve the full cap and buffer compared to the values shown.
^^^ The Cap Fund Level, Buffer Start Fund Level and Buffer End Fund Level are all calculated before fees and expenses and are calculated using the foreign currency exchange rate in effect at the beginning of the Target Outcome Period.
Definitions
Net - After deduction of the Fund's annual management fee, but before other fees, expenses, taxes, and the effects of currency hedging.
Fund Level/Return - The current bid/ask midpoint of the Fund, and the return of the Fund (including fees and expenses) since the start of the Outcome Period.
Reference Asset Level/Return - The current level and the price return of the Reference Asset since the start of the Outcome Period.
Remaining Outcome Period - The number of days remaining until the end of the Outcome Period.
Remaining Cap - Based on the Fund's current bid/ask midpoint, the best potential return if held to the end of the Outcome Period, assuming the Reference Asset meets or exceeds the Cap Reference Asset Level. The values shown exclude certain fees, expenses, taxes, and the past and future effect of currency hedging (see ^^ above).
Reference Asset Return to Realize the Cap - The return of the Reference Asset currently needed in order for the Fund to realize the return of the Remaining Cap.
Remaining Buffer - The current amount of the Fund's stated buffer remaining which is the sum of Downside Before Buffer, Reference Asset to Buffer End, and Unrealized Option Payoff. The values shown exclude certain fees, expenses, taxes, and the past and future effect of currency hedging (see ^^ above).
Reference Asset to Buffer End - The loss of the Reference Asset from its current level to the Buffer End Reference Asset Level.
Unrealized Option Payoff - Based on the Fund's current bid/ask midpoint, the potential investment outcome of the Fund, before fees and taxes, if held to the end of the Target Outcome Period assuming the current Reference Asset Level quoted above remains unchanged. This is due to the intrinsic value of the underlying options positions that create the Fund's buffer range.
Downside Before Buffer - Based on the Fund level, the amount of Fund loss that can be incurred prior to the buffer taking effect.
The "Reference Asset and Fund Levels" represent the values that trigger the Cap and the Start and End of the Buffer range for the respective Reference Asset and Fund.
All current values are based on Market Data prices that are at least 15 minutes delayed. The Delayed Market Data has been created on an "as is" basis, and the currency the Delayed Market Data is being quoted in is stated.
Market Data by Xignite

Current Data (as at 2021-12-03) Currency: CAD

NAV1% Change$ Change
$38.39-0.70%-$0.27
Daily Volume52-Week High/LowAVG 30-Day Volume
505$39.32 / $34.97899
Total Net AssetsOutstanding UnitsNumber of Holdings
$17,276,098450,0004

Top Holdings (as at 2021-12-02)2

Holding % of Net Assets
2022-08-19 SPDR® S&P 500® ETF Trust C 4.44 100.59%
2022-08-19 SPDR® S&P 500® ETF Trust P 443.37 6.36%
2022-08-19 SPDR® S&P 500® ETF Trust C 494.98 -2.90%
2022-08-19 SPDR® S&P 500® ETF Trust P 399.03 -3.84%

Risk Rating

This rating is based on how much the ETF’s returns have changed from year to year. It doesn’t tell you how volatile the ETF will be in the future. The rating can change over time. An ETF with a low risk rating can still lose money.

For more information about the risk rating and specific risks that can affect the ETF’s returns, see the Risk section of the ETF’s prospectus.

Footnotes

1 The NAV represents the fund's net assets (assets less liabilities) divided by the fund's outstanding shares .
2 Percentage of net assets may not equal 100%