TSEP - FT Vest Emerging Market Buffer
Under normal market conditions, the fund will invest substantially all of its assets in FLexible EXchange® Options that reference the price performance of the iShares MSCI Emerging Markets ETF. The underlying ETF is an exchange-traded fund that generally invests at least 80% of its assets in securities of the MSCI Emerging Markets Index and in depositary receipts representing securities of the MSCI Emerging Markets Index. The fund is non-diversified.
- Sector
- Financial Services
- Industry
- Asset Management
- Market Cap
- $15.7M
- Beta
- 0.39
- 52-Week Range
- 22.79-27.55
- IPO Date
- Sep 23, 2024
- Exchange
- CBOE
TSEP Options Snapshot
Options pricing data for TSEP is refreshed daily after the close. When listed contracts exist, this page surfaces the latest at-the-money implied volatility, max pain strike, dealer gamma exposure (GEX), and 25-delta skew. Listed contracts and live snapshots appear once the options chain has been published by the exchange for the most recent session.
What This Page Covers
The TSEP overview links into per-metric analysis views: max pain, gamma exposure, volatility skew, expected move, options chain, open interest history, and aggregate Greeks. Microstructure data is available on short interest, short volume, fail-to-deliver, and market structure.
TSEP fund facts: expense ratio 0.95%, assets under management $17.6M, NAV $27.09 as of the data source's update on Oct 8, 2026, 5 holdings in its latest file, launched Sep 20, 2024, issued by First Trust. See the TSEP holdings.
Frequently asked TSEP overview questions
- What is TSEP?
- TSEP is the ticker symbol for FT Vest Emerging Market Buffer, an listed exchange-traded fund. Under normal market conditions, the fund will invest substantially all of its assets in FLexible EXchange® Options that reference the price performance of the iShares MSCI Emerging Markets ETF. The underlying ETF is an exchange-traded fund that generally invests at least 80% of its assets in securities of the MSCI Emerging Markets Index and in depositary receipts representing securities of the MSCI Emerging Markets Index. Listed on CBOE. TSEP is the ETF ticker shown on this page; ETF traders use the fund for diversified exposure to its underlying basket, for sector and factor rotation, and for hedging or replication strategies via the listed options chain.
- What are TSEP's key statistics?
- FT Vest Emerging Market Buffer (TSEP) carries a market capitalization of $15.7M, 52-week range of 22.79-27.55. Full holdings disclosure, expense ratio, and tracking-error history live on the per-ticker fundamentals page or the sponsor's site; daily NAV and premium/discount-to-NAV are accessible from the same view. These structural inputs frame how the ETF options market prices implied volatility relative to its constituents.
- What sector or industry does TSEP belong to?
- FT Vest Emerging Market Buffer operates in the Financial Services sector, in the Asset Management industry. Sector classification affects how the ticker correlates with sector ETFs, how it reacts to macro factors like rate moves and commodity prices, and how its options pricing compares to sector peers. Compare TSEP's implied volatility and skew against sector benchmarks to gauge whether the options market is pricing single-name or systemic risk relative to the broader peer group.
- How current is the TSEP data on this page?
- Options snapshots refresh after each trading session; if no snapshot is currently posted for TSEP, it usually reflects low options liquidity or a recently listed name. Fund-level fields (sponsor, expense ratio, holdings concentration where available) refresh from the vendor feed nightly. ETF-specific filings (N-CSR, N-PX, N-CEN) update on the SEC EDGAR cadence. FINRA microstructure data refreshes on the source's cadence; for ETFs the off-exchange volume signal is dominated by authorized-participant creation and redemption rather than directional flow.