QSPT ETF — Holdings & Analysis

With $0.51 billion in assets under management, QSPT provides a unique risk-managed approach to Nasdaq-100 exposure. The fund's expense ratio is 0.90%, reflecting the cost of its buffer strategy, and it maintains a focused portfolio of 5 holdings to achieve its investment objective.

FT Vest Nasdaq-100 Buffer ETF - September (QSPT) ETF — Price, Holdings & Analysis

The FT Vest Nasdaq-100 Buffer ETF - September (QSPT) seeks to match the price return of the Invesco QQQ Trust, up to a 16.97% cap, while buffering against the first 10% of losses, over a specific period. With $0.51 billion in assets under management, QSPT provides a unique risk-managed approach to Nasdaq-100 exposure. The fund's expense ratio is 0.90%, reflecting the cost of its buffer strategy, and it maintains a focused portfolio of 5 holdings to achieve its investment objective.

ETF Overview

The investment objective of the FT Vest Nasdaq-100 Buffer ETF - September (the "Fund") is to seek to provide investors with returns (before fees and expenses) that match the price return of the Invesco QQQ Trust SM, Series 1 (the "Underlying ETF"), up to a predetermined upside cap of 16.97% while providing a buffer (before fees and expenses) against the first 10% of Underlying ETF losses, over the period from September 22, 2025 to September 18, 2026.

QSPT aims to provide investors with a buffered exposure to the Nasdaq-100, using the Invesco QQQ Trust as its benchmark. The ETF's strategy involves capping upside potential at 16.97% while providing a buffer against the first 10% of losses in the Underlying ETF between September 22, 2025 and September 18, 2026. This approach is designed for investors seeking to participate in the potential gains of the Nasdaq-100 while mitigating downside risk. The fund achieves this through a portfolio of 5 holdings. Sector allocation is heavily weighted towards Technology at 53.8%, followed by Communication Services (16.1%) and Consumer Cyclical (13.3%). The fund's country exposure is entirely in 'Other' at 100%. QSPT is differentiated by its defined outcome period and specific buffer/cap levels, making it suitable for investors with a tactical view on the Nasdaq-100.

Risk Metrics

QSPT's risk profile is shaped by its buffer strategy and sector concentrations. The 0.90% expense ratio is higher than passively managed index funds, reflecting the cost of implementing the buffer. The fund's sector allocation introduces concentration risk, with over half of the portfolio invested in Technology (53.8%). A significant downturn in the technology sector could disproportionately impact QSPT's performance. The fund's beta of 0.63 (3Y) suggests it is less volatile than the broader market. the may be worth researching trade-off between downside protection and potential upside when evaluating QSPT, as the 16.97% cap limits potential gains. Past performance does not guarantee future results.

Expense Ratio

0.90%

How Is the Fund Allocated?

Sector	Weight
Technology	53.8%
Communication Services	16.1%
Consumer Cyclical	13.3%
Consumer Defensive	4.9%
Healthcare	4.5%
Industrials	3.6%
Utilities	1.4%
Basic Materials	1.3%
Energy	0.5%
Financial Services	0.4%
Real Estate	0.2%

Country	Weight
Other	100.0%

Dividend Yield

0.00%

JPMorgan Flexible Income ETF (JFLI) — 0.35% expense ratio
FT Vest Laddered Buffer ETF (BUFR) — 0.95% expense ratio
State Street Income Allocation ETF (INKM) — 0.50% expense ratio
iShares LifePath Retirement ETF (IRTR) — 0.08% expense ratio
VanEck Emerging Markets High Yield Bond ETF (HYEM) — 0.40% expense ratio
FT Vest U.S. Equity Moderate Buffer ETF - June (GJUN) — 0.85% expense ratio
FT Vest U.S. Equity Deep Buffer ETF - March (DMAR) — 0.85% expense ratio
FT Vest U.S. Small Cap Moderate Buffer ETF - November (SNOV) — 0.90% expense ratio

First Trust RiverFront Dynamic Emerging Markets ETF (RFEM) (International Equity) — 0.99% expense ratio
FT Energy Income Partners Enhanced Income ETF (EIPI) (Sector Equity) — 1.11% expense ratio
First Trust Europe AlphaDEX Fund (FEP) (International Equity) — 0.80% expense ratio
First Trust Emerging Markets Small Cap AlphaDEX Fund (FEMS) (International Equity) — 0.80% expense ratio
First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN) (Sector Equity) — 0.56% expense ratio
First Trust Developed Markets ex-US AlphaDEX Fund (FDT) (International Equity) — 0.80% expense ratio

Risk Metrics

Beta: 0.63

Questions & Answers

What is QSPT and what does it track?

QSPT, or the FT Vest Nasdaq-100 Buffer ETF - September, aims to replicate the price return of the Invesco QQQ Trust, while providing a buffer against the first 10% of losses.

However, the upside is capped at 16.97% over the period from September 22, 2025 to September 18, 2026.

What is the expense ratio for QSPT?

The expense ratio for QSPT is 0.90%. This means that for every $1000 invested, $9.00 covers the fund's operating expenses.

While there isn't a defined 'category average' for buffered ETFs, this expense ratio is higher than typical passively managed ETFs that track the Nasdaq-100, reflecting the cost associated with implementing the buffer strategy. Investors should consider this expense when evaluating the fund's potential returns.

What are the top holdings in QSPT?

As a buffered ETF, QSPT's holdings are designed to track the Invesco QQQ Trust, which in turn holds the Nasdaq-100. The fund has 5 holdings.

While the exact composition may vary slightly due to the buffer implementation, the top sectors are Technology (53.8%), Communication Services (16.1%), and Consumer Cyclical (13.3%). Investors should note that the fund's performance is closely tied to the performance of these sectors within the Nasdaq-100.

Is QSPT a good long-term investment?

QSPT's suitability as a long-term investment depends on an investor's specific goals and risk tolerance. The fund's buffer strategy provides downside protection, but it also caps potential upside.

With a beta of 0.63 (3Y), QSPT has been less volatile than the broader market. Investors should consider the 0.90% expense ratio and the defined outcome period when evaluating QSPT for long-term investment. Past performance does not guarantee future results.

How does QSPT compare to similar ETFs?

QSPT differentiates itself through its specific buffer (10%) and cap (16.97%) levels, as well as its defined outcome period from September 22, 2025 to September 18, 2026.

Its expense ratio of 0.90% may be higher than some passively managed Nasdaq-100 ETFs but is competitive with other buffered ETFs.

Does QSPT pay dividends?

According to the provided data, QSPT has a dividend yield of 0.00%. This suggests that the fund does not currently distribute dividends to its shareholders. Investors seeking income should consider other ETFs that focus on dividend-paying stocks.

The fund's primary objective is to provide buffered exposure to the Nasdaq-100, rather than generating income.