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FT Vest U.S. Small Cap Moderate Buffer ETF - November
SNOV (FT Vest U.S. Small Cap Moderate Buffer ETF - November) is a factor US Equity ETF by FT. With a 0.90% MER, it provides diversified exposure through 74 holdings.
SNOV by FT is a factor-based ETF that targets specific characteristics like value, quality, or low volatility to seek enhanced returns.
Its 0.90% MER reflects the costs of a more specialized management approach. It does not pay a significant distribution — returns are reinvested for capital growth.
As a US-listed ETF, it is typically held in an RRSP to minimize withholding tax on US dividends (Canada-US tax treaty).