FT Vest US Small Cap Moderate Fund (SNOV)
BATS BATS Primary Summary
SNOV Chart
FT Vest US Small Cap Moderate Fund Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 2,859 | $63,474.1 | $77,564.67 | $14,090.57 | 22.2% |
| ED Eric Duncan NorthCrest Asset Manangement LLC | 66,167 | $1.55M | $1.79M | $239,843.02 | 15.43% |
| CAL CoreCap Advisors LLC CoreCap Advisors LLC | 1,000 | $24,820 | $27,155 | $2,335 | 9.41% |
 Kristofer Gray Integrity Financial Corp. /WA | 818 | $20,220.96 | $22,220.97 | $2,000.01 | 9.89% |
 Rajiv Shah KINGSWOOD WEALTH ADVISORS, LLC | 16,249 | $365,107.38 | $441,241.59 | $76,134.21 | 20.85% |
FT Vest US Small Cap Moderate Fund (SNOV) FAQ
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FT Vest US Small Cap Moderate Fund Profile
| BATS Exchange | US Country |
Overview
SNOV is an investment fund that strategically employs options as a primary mechanism for mitigating losses on the iShares Russell 2000 ETF, identified by the ticker IWM. This strategy is designed to function over a one-year period starting each November. The fund's methodology involves relinquishing a portion of the potential upward return and the dividend yield from IWM. This concession is made to prevent the realization of the initial 15% loss in the ETF's value. In scenarios where IWM's value declines by more than 15%, the fund's investors will start to experience loss in direct proportion to the ETF's depreciation. This investment approach necessitates holding the shares for a predetermined duration to achieve the desired outcomes. When the specified outcome period concludes, SNOV resets for a new period with the same index and buffer strategy, although the cap rate might vary according to prevailing market conditions. It's important to note that the targeted cap and buffer are exclusive of the fund's expense ratio, which should be considered separately. The fund is characterized by its active management strategy and its exclusive use of FLEX options on IWM shares.
Products and Services
- Risk Moderation Using Options:
SNOV offers a unique product centered around utilizing options to moderate potential losses on shares of the iShares Russell 2000 ETF (IWM). This strategic use of options allows the fund to avert the realization of the first 15% of losses in the value of IWM. This approach is particularly aimed at investors looking for protective mechanisms against market downturns while remaining invested in a broad index.
- Targeted Outcome Investment Strategy:
The fund implements a targeted outcome investment strategy that promises specific predefined results over a fixed period. This strategy is highly appealing to investors who desire clarity on the possible range of outcomes from their investment in the ETF. SNOV actively manages its portfolio to reset these targets at the end of each cycle, thus adapting to changing market conditions for the next period.
- Active Management with FLEX Options:
SNOV is distinct in its exclusive use of FLEX options for managing the investment in IWM shares. FLEX options offer the fund flexibility in terms of selecting strike prices, exercise styles, and expiration dates. This level of customization is central to the fund's ability to tailor its protective strategies precisely and efficiently, catering to the specific needs and expectations of its investors.
