ACYB — FT Vest Laddered Autocallable Buffer & Resilient Income ETF

ACYB — FT Vest Laddered Autocallable Buffer & Resilient Income ETF. Value Equity. Holdings, fees, performance and SEC filings.

ACYB Fund Overview

ACYB — FT Vest Laddered Autocallable Buffer & Resilient Income ETF is a US ETF managed by First Trust Exchange-Traded Fund, categorised as Value Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

ACYB Investment Objective and Strategy

FT Vest Laddered Autocallable Buffer & Resilient Income ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by First Trust Exchange-Traded Fund.

Investment objective

The FT Vest Laddered Autocallable Buffer & Resilient Income ETF (the "Fund" ) seeks to provide investors with distributions while providing reduced downside risk to equity markets.

Principal investment strategy

The Fund seeks to achieve its investment objective by entering into swap agreements and/or option contracts structured similarly to swap agreements (collectively, hereinafter referred to as "swap agreements" or "swaps" ) that seek to deliver a return reflecting the performance of a laddered portfolio of theoretically created financial instruments designed to replicate the defined return characteristics of autocallable yield notes (each such theoretical financial instrument, a “Synthetic Autocallable Contract" ). Under normal market conditions, the Fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in financial instruments, such as swaps, that provide exposure to Synthetic Autocallable Contracts. For purposes of compliance with this investment policy, derivative contracts will be valued at their notional value.

The term “laddered portfolio” refers to the Fund seeking to maintain on a recurring basis exposure to a diversified series of at least 24 Synthetic Autocallable Contracts that each have a unique combination of maturity and observation dates (as defined below). Such "laddering" is achieved by “rolling” ( i.e., replacing) the Synthetic Autocallable Contracts upon their call or maturity into new Synthetic Autocallable Contracts to allow the Fund to maintain the staggered investment time periods to which it is exposed and thereby mitigate the risks associated with exposure to only a single time period. The rolling of Synthetic Autocallable Contracts into new contracts with new maturity and observation dates (as defined below) results in the reset of coupon payment amounts, "maturity buffer” levels, and "initial values" of the underlying indices or exchange-traded funds (each, as defined and discussed below) to be commensurate with then-existing market conditions.

The Synthetic Autocallable Contracts are expected to have term lengths ranging from 12 months to 24 months. The costs under the swap agreements for "rolling" wil

ACYB Debt Constituents

No individual debt constituents are reported in FT Vest Laddered Autocallable Buffer & Resilient Income ETF's latest SEC N-PORT filing.

Related Funds

Other Value Equity funds tracked on ABC INVEST:

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.