APXMFT Vest U.S. Equity Max Buffer
Seeks to provide returns that match the price return of the Underlying ETF up to a predetermined upside cap while providing a buffer against losses.
By First Trust · Launched 2025
0.85%
#4,507 of 5,854 · expensive
$17M
#4,555 of 5,854 · small
+4.8%
1 year
#4,251 of 5,854 · young
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundWhat it actually holds
By weightConcentration
Top 10 holdings = 100.1% of fundconcentrated
Asset allocation
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsYear-on-year price swings
Worst peak-to-trough loss
Needs 3+ years of history
Needs 3+ years of history
Listing
- Exchange
- Cboe BZX
Full fund details
- Objective
- Seeks to provide returns that match the price return of the Underlying ETF up to a predetermined upside cap while providing a buffer against losses.
- Strategy
- Invests primarily in FLEX Options referencing the Underlying ETF to implement a target outcome strategy, aiming to provide a maximum buffer against losses while setting a predetermined upside cap. The Fund seeks to buffer against the first 50.09% of Underlying ETF losses over an approximate one-year period.
- Inception date
- April 16, 2025
- Fund family
- First Trust
Similar funds
Same asset class, closest by strategy & exposureOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
You can build this cheaper yourself
Defined-outcome funds cap your gains (often 8% to 20%) in exchange for cushioning losses by 9% to 30%, priced with options. The fee runs about 0.70% or more, against 0.03% to 0.10% for a plain index fund. For most investors, a simple stock-and-bond mix gives similar protection for far less.
Sources: Morningstar, 'Buffer Funds Are on the Rise, but They May Not Make Sense for Most Investors' (2025)
Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More
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Data updated on 2026-08-03