# DQSE (FT Vest Nasdaq-100 Dual Directional Buffer ETF - September)

First Trust · Buffer ETFs · data as of Sep 21, 2026

As of Sep 21, 2026, DQSE is between its buffer and cap, with QQQ up 2.6% since the period began.

## Key facts

- DQSE, can still gain: 16.2%, as of Sep 21, 2026.
- DQSE, fall before the buffer: 2.3%, as of Sep 21, 2026.
- DQSE, protection left, index points: 10.0%, as of Sep 21, 2026.
- DQSE, days to reset: 361, as of Sep 21, 2026.
- DQSE, net assets: $1m (the issuer’s daily holdings, added up, as of Sep 18, 2026).
- DQSE, expense ratio: 0.90% (issuer page, Sep 21, 2026).

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Reference index | QQQ | ETFIQ |
| Buffer | 0% to 10% | ETFIQ |
| Outcome period | Sep 21, 2026 to Sep 17, 2027 | ETFIQ |
| Starting cap | +18.8% | ETFIQ |
| QQQ return since period start | +2.6% | ETFIQ |
| Fund return since period start | +1.4% | ETFIQ |
| Net assets | $1m | the issuer’s daily holdings, added up, as of Sep 18, 2026 |
| Band state today | Open | ETFIQ |
| Can still gain | 16.2% | issuer, fund price |
| Fall before buffer | 2.3% | issuer, fund price |
| Fall to the buffer in index terms | 2.6% | ETFIQ |
| Protection left in index points | 10.0% of 10.0% | ETFIQ |
| Days left in period | 361 | ETFIQ |
| Expense ratio | 0.90% | issuer page, Sep 21, 2026 |

## Questions

### How much can DQSE still gain?

About 16.2% from its price on Sep 21, 2026, before it reaches its cap, by the issuer's published figure. The cap for the period was set at +18.8%.

### How far can DQSE fall before the buffer helps?

2.3% in fund-price terms on Sep 21, 2026, by the issuer's figure. In index terms QQQ can fall 2.6% from that level before the buffer begins. Losses until that point are the holder's.

### How much of the DQSE buffer is left?

10.0% of the 10.0% buffer sat below the QQQ level on Sep 21, 2026. That is an ETFIQ calculation in index points, on one definition for every issuer.

### When does DQSE reset?

The outcome period ends on Sep 17, 2027, 361 days from the data on Sep 21, 2026. A new cap is set the next day and the buffer starts again.

### What does DQSE cost?

The prospectus expense ratio is 0.90% a year.


## Cite this page

ETFIQ, DQSE, data as of Sep 21, 2026. https://etfiq.com/funds/dqse
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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