Skip to content
Beacon

AUGMFT Vest U.S. Equity Max Buffer ETF - August

Take a bet1y track recordRanked #617 of 949 in this goal

Seeks to provide returns that match the price return of the SPDR S&P 500 ETF Trust up to a predetermined upside cap while providing a buffer against losses.

By First Trust · Launched 2024

Annual Cost

0.85%

#4,514 of 5,861 · expensive

Fund Size

$32M

#4,090 of 5,861 · small

Return (1Y)Goal

+6.3%

Track Record

1 year

#3,653 of 5,861 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$10,625+6.3%

Total-return NAV, USD. Net of fund fees, before tax.

What's inside

How Beacon categorizes this fund

Asset class

Alternative

Region

North america

Strategy

Structured outcome

Index tracked

S&P 500 Index

What it actually holds

By weight

Concentration

Top 10 holdings = 104.3% of fundconcentrated

CBOE GLOBAL MARKETS, INC.SPY 8 C6.41
45.9%
CBOE GLOBAL MARKETS, INC.SPY 8 C6.41
41.1%
CBOE GLOBAL MARKETS, INC.SPY 8 C6.41
15.2%
CBOE GLOBAL MARKETS, INC.SPY 8 P643.42
1.5%
CBOE GLOBAL MARKETS, INC.SPY 8 P643.42
0.9%
CBOE GLOBAL MARKETS, INC.SPY 8 P643.42
0.3%
CBOE GLOBAL MARKETS, INC.SPY 8 P257.38
-0.0%
CBOE GLOBAL MARKETS, INC.SPY 8 P257.38
-0.0%
CBOE GLOBAL MARKETS, INC.SPY 8 P257.38
-0.0%
CBOE GLOBAL MARKETS, INC.SPY 8 C688.48
-0.5%

Asset allocation

Stocks
99.3%
Cash
0.7%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
2.3%Low

Year-on-year price swings

Max drawdown
-4.3%Mild

Worst peak-to-trough loss

Sharpe (3Y)
Unavailable

Needs 3+ years of history

Sortino (3Y)
Not yet

Needs 3+ years of history

Listing

Exchange
Cboe BZX

Full fund details

Objective
Seeks to provide returns that match the price return of the SPDR S&P 500 ETF Trust up to a predetermined upside cap while providing a buffer against losses.
Strategy
Invests in FLEX Options referencing the SPDR S&P 500 ETF Trust to provide a maximum buffer against losses while setting a predetermined upside cap of at least 7%. The Fund employs a target outcome strategy to achieve these investment outcomes over an approximate one-year period.
Inception date
August 16, 2024
Fund family
First Trust

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Buffer
Warning

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

What's next?

You've looked at AUGM. Save it to your watchlist to weigh it against other funds, then turn your shortlist into a portfolio.

See other funds for this goal

Data updated on 2026-08-04