FEJBAX

About FEJBAX

The First Trust NASDAQ-100 Buffer ETF is a structured investment vehicle designed to balance growth opportunities with measured downside protection. This portfolio employs a strategy of investing in FLEX Options based on the Invesco QQQ Trust, which tracks the performance of the NASDAQ-100 Index—an index representing 100 of the largest non-financial companies listed on the NASDAQ. The ETF aims to capture equity market growth in positive periods, up to a predetermined cap, while offering a buffer against a specified degree of losses in declining markets. For this particular series, the buffer is structured to absorb the first 10% of losses from the initial net asset value over its life, and the upside gain is limited by a cap fixed at formation—approximately 21.3% before fees and expenses. The defined cap and buffer levels are established at inception, tying their effectiveness to both the entry point and the term of the investment. As a result, the ETF serves as a risk-managed tool for investors seeking exposure to large-cap technology and growth stocks, while aiming to moderate the impact of significant market downturns. It is structured as a regulated investment company and is part of First Trust’s suite of buffered outcome solutions.