FT Cboe Vest Gold Strategy Quarterly Buffer ETF (BGLD)
About FT Cboe Vest Gold Strategy Quarterly Buffer ETF (BGLD)
Under normal market conditions, the Fund will invest substantially all of its assets in U.S. Treasury securities, cash and cash equivalents, and in the shares of a wholly-owned subsidiary (the Subsidiary) that holds FLexible EXchange Options (FLEX Options) that reference the price performance of the SPDR Gold Trust (the Underlying ETF). FLEX Options are customized equity or index option contracts that trade on an exchange but provide investors with the ability to customize key contract terms like exercise prices, styles and expiration dates. The Underlying ETF is an exchange-traded investment trust that holds physical gold bars. World Gold Trust Services, LLC (WGTS) serves as the Underlying ETFs sponsor and HSBC plc serves as the Underlying ETFs custodian. The Underlying ETF's custodian may utilize subcustodians that hold the Underlying ETF's gold on its behalf. The Underlying ETF is not expected to pay dividends. See The Underlying ETF for more information. The Funds investment sub-advisor is Vest Financial LLC (Vest or the Sub-Advisor).
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FT Cboe Vest Gold Strategy Quarterly Buffer ETF News
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Shares of ETFs must be bought and sold at market price, which can vary significantly from the Fund’s net asset value (NAV). Investment returns are subject to market volatility and shares may be worth more or less their original value when redeemed. The diversification of an ETF will not protect against loss. An ETF may not achieve its stated investment objective. Rebalancing and other activities within the fund may be subject to tax consequences.
Performance data quoted represents past performance. Past performance does not guarantee future results. Investment returns and principal value of an investment will fluctuate and when redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the standardized performance data quoted. Select the Standardized Performance link for the latest quarterly performance.