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BGLDFT Vest Gold Strategy Quarterly Buffer ETF

Grow my money5y track recordRanked #2,021 of 2,999 in this goal

Seeks to provide returns that match the price return of the SPDR Gold Trust with a buffer against losses between -5% and -15%.

By First Trust · Launched 2021

Annual Cost

0.91%

#4,752 of 5,861 · expensive

Fund Size

$48M

#3,678 of 5,861 · mid-size

Return (1Y)Goal

+10.1%

Track Record

5 years

#2,235 of 5,861 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$10,957+9.6%

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

What it actually holds

By weight

Concentration

Top 10 holdings = 102.6% of fundconcentrated

United States Treasury Bills
100.1%
CBOE GLOBAL MARKETS, INC.GLD 5 C459.56
2.4%
Dreyfus Government Cash Management Funds
0.6%
CBOE GLOBAL MARKETS, INC.GLD 5 C459.56
0.3%
CBOE GLOBAL MARKETS, INC.GLD 5 C459.56
0.1%
CBOE GLOBAL MARKETS, INC.GLD 5 C539.43
-0.0%
CBOE GLOBAL MARKETS, INC.GLD 5 C539.43
-0.0%
CBOE GLOBAL MARKETS, INC.GLD 5 P411.19
-0.1%
CBOE GLOBAL MARKETS, INC.GLD 5 P411.19
-0.3%
CBOE GLOBAL MARKETS, INC.GLD 5 C539.43
-0.4%

Asset allocation

Cash
85.7%
Other
14.3%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
12.5%Moderate

Year-on-year price swings

Max drawdown
-16.2%Moderate

Worst peak-to-trough loss

Sharpe (3Y)
1.17Strong risk-adjusted returns
Sortino (3Y)
1.66Good downside protection

Listing

Exchange
Cboe BZX

Full fund details

Objective
Seeks to provide returns that match the price return of the SPDR Gold Trust with a buffer against losses between -5% and -15%.
Strategy
Invests primarily in U.S. Treasury securities and FLEX Options on the SPDR Gold Trust to provide a buffer against losses and a cap of 8.74% on returns. Employs a target outcome strategy to achieve these investment outcomes over each Target Outcome Period.
Inception date
January 20, 2021
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

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Data updated on 2026-08-04