FT Vest U.S. Equity Deep Buffer ETF - SeptemberDSEP

First TrustDefined OutcomeBuffer#96 of 318 by YTD

$47.99

−2.2% last session

+6.9% YTD

Data as of 11/5/20264:00 PM ET · End-of-day

Dividend-adjusted total return · S&P 500 uses VOO · Nov 4, 2025 – Nov 5, 2026DSEPS&P 500 · VOO

Returns	1D	1M	3M	YTD	1Y	3Y	5Y	MAX
Total return	−2.2%	−2.8%	−0.6%	+6.9%	+8.1%	+42.7%	+46.4%	+61.8%
Peer average	−2.3%	+91.6%	−1.7%	+5.9%	+7.6%	+45.7%	+49.5%	—
S&P 500 · VOO	−4.4%	−5.7%	−4.9%	+8.4%	+9.8%	+82.2%	+71.6%	—

Key Statistics

Open all fund facts →

AUM: $429M
Expense ratio: 0.85%
Distribution yield: 0.0%
NAV: $48.73
Volume: 25K
Avg. volume 30D: 32K
High today: $48.58
Low today: $47.99
Previous close: $49.07
52-week high: $49.45
52-week low: $43.28
Our risk indicator: 3/5

DSEP in One Breath

DSEP Among Buffer ETFs

YTD

#1BAPRInnovator+12.0%$417M

#2RSSEFirst Trust+11.5%$34.8M

#3FMARFirst Trust+11.5%$1.2B

#4APRTAllianzIM+11.4%$47.4M

#5APRPPGIM+11.0%$37.4M

#6KAPRInnovator+10.9%$180M

#7RSJNFirst Trust+10.9%$86.2M

#8QMARFirst Trust+10.8%$615M

#92DSEPFirst Trust+6.9%$429M

End-of-day Nov 5, 2026 · 289 Buffer ETFs by YTD

$10,000 in DSEP

$10,000 in DSEP became

$14,636

In the S&P 500 (VOO)

$17,156

Total return, dividends in · Oct 28, 2021 – Nov 5, 2026 · S&P 500 uses VOO

DSEP Returns by Period

Today

YTD

MAX

DSEP

−2.2%

−2.8%

−0.6%

+6.9%

+8.1%

+42.7%

+46.4%

+61.8%

Peer average

−2.3%

+91.6%

−1.7%

+5.9%

+7.6%

+45.7%

+49.5%

—

S&P 500 · VOO

−4.4%

−5.7%

−4.9%

+8.4%

+9.8%

+82.2%

+71.6%

—

End-of-day Nov 5, 2026 · total return, dividends in · peers = 372 Buffer ETFs

DSEP’s Defined Outcome Rank

YTD

#96of 318
defined outcome ETFs

Best · SIXH+14.7%

DSEP+6.9%

Average+5.8%

Worst · KBUF−16.8%

Defined Outcome ETFs by YTD return · Nov 5, 2026

DSEP Price and 52-Week Range

From the 52-week high

−3.0%

From the 52-week low

+10.9%

Today $47.99 – $48.58

Previous close $49.07

$47.99 now

52-week low$43.2852-week high$49.45

End-of-day Nov 5, 2026 · box = today’s range, dashed = previous close

DSEP’s Share of Buffer ETFs

Today

0.5%

of the $86.9B in 373 Buffer ETFs

DSEP$429M0.5%

BUFR$10.9B12.6%

BUFD$2.2B2.5%

370 others$73.3B84.4%

Buffer ETF AUM · Nov 5, 2026

DSEP Fee per $100 vs Peers

Today

$0.85a year
per $100

$85 a year on $10,000

BUFR$0.10

BUFD$0.10

BUFQ$0.10

DSEP$0.85

FJAN$0.85

FMAY$0.85

Expense ratio · Buffer peers · Nov 5, 2026

Inside DSEP

4 holdings

DSEP

FT Vest U.S. Equity Deep Buffer ETF - September

Today

DSEP reports no holdings we can show: […]

First Trust DSEP · holdings

How It Compares

DSEP

FT Vest U.S. Equity Deep Buffer ETF - September’s Peers

YTD


BUFR	First TrustRead Desk	0.10%	+7.0%	+9.1%	$10.9B
BUFD	First TrustRead Desk	0.10%	+5.9%	+7.5%	$2.2B
BUFQ	First TrustRead Desk	0.10%	+5.1%	+7.0%	$1.7B
FJAN	First TrustRead Desk	0.85%	+10.1%	+12.4%	$1.5B
FMAY	First TrustRead Desk	0.85%	+4.6%	+6.6%	$1.5B
DSEP	First TrustThis fundRead Desk	0.85%	+6.9%	+8.1%	$429M

Buffer peers · YTD and past-year returns · as of Nov 6, 2026 · sorted by AUM

Head to Head

Put DSEP head to head with BUFR →

BUFR vs DSEP

YTD

BUFRFirst Trust · BufferDSEPFirst Trust · Buffer

Year to date

+7.0%

+6.9%

BUFR wins+0.1 pts

Past year

+9.1%

+8.1%

BUFR wins+1.0 pt

Fee

0.10%

0.85%

BUFR winslower fee

Yield

0.0%

Level

AUM

$10.9B

$429M

BUFR25.5× more

3–0BUFR wins

First Trust BUFR and First Trust DSEP · year-to-date · as of Nov 6, 2026 · AUM not scored

DSEP vs VOO

YTD

DSEP · FT Vest U.S. Equity Deep Buffer ETF - September

+6.9%

VOO · S&P 500

+8.4%

Gap

1.5 pts

First Trust DSEP and Vanguard VOO · YTD total return · as of Nov 6, 2026

DSEP vs Its Peer Average

YTD

DSEPAvsBPeer average

1D−2.2%−2.3%

1M−2.8%+91.6%

3M−0.6%−1.7%

YTD+6.9%+5.9%

1Y+8.1%+7.6%

3Y+42.7%+45.7%

5Y+46.4%+49.5%

4–3DSEP wins

372 Buffer peers · each row scaled to its leader

The Details

DSEP

Risk

3/5our risk indicator

CalmerBumpier

Volatility · 1Y6.34%

Deepest drop · 1Y−4.5%

Lowest point · 5Y−10.6%

52-week range

$47.99

$43.28−3.0% from the high$49.45

First Trust DSEP · past-year price moves · as of Nov 6, 2026

DSEP

Fund Facts

Today

2020launched Sep 18

Tracks[…]

Exchange · CUSIPCBOE · 33740F680

StructureETF

Leverage1x

Cost on $10,000$85 a year

Go deeper

Prospectus & documents Trading & liquidity Fees & costs Distributions

First Trust DSEP · fund facts · as of Nov 6, 2026

DSEP

Payouts by Year

Today

$0no payouts on record

DSEP does not pay a distribution.

Distribution yield0.0%

Paid[…]

Latest ex-date · paid[…]

12 payouts added up[…]

First Trust DSEP · distributions by ex-date

All Fund FactsDocuments · trading · fees · every payout

Prospectus & Documents

SEC reported portfolio · 2026-08-31 ↗summary prospectus · SEC 497K ↗prospectus · SEC 497 ↗SEC reported portfolio · 2026-05-31 ↗SEC reported portfolio · 2026-02-28 ↗SEC reported portfolio · 2025-11-30 ↗summary prospectus · SEC 497K ↗SEC reported portfolio · 2025-08-31 ↗

Trading & Liquidity

Net asset value$48.73

Premium / discount[…]

Median spread · 30D[…]

Volume today25K

Average volume · 30D32K

Shares outstanding[…]

Options[…]

Fees & Costs

Net expense ratio0.85%

Gross expense ratio[…]

Management fee[…]

Cost on $10,000 a year$85.00

Our risk indicator3/5

Estimated yearly cost excludes trading costs and assumes constant assets.

Distributions

No payouts on record: […]

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