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BGLDFT Vest Gold Strategy Quarterly Buffer ETF

Grow my money5y track recordRanked #2,034 of 2,960 in this goal

Seeks to provide investors with returns linked to gold performance.

By First Trust · Launched 2021

Annual Cost

0.91%

#4,563 of 5,562 · expensive

Fund Size

$51M

#3,555 of 5,562 · mid-size

Return (1Y)Goal

+9.3%

Track Record

5 years

#2,288 of 5,562 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$10,940+9.4%

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

Classification

How Beacon categorizes this fund

Asset class

Alternative

Strategy

Structured outcome

Index tracked

LBMA Gold Price

What it actually holds

By weight

Concentration

Top 8 holdings = 100.0% of fundconcentrated

TREASURY BILL
92.5%
CBOE GLOBAL MARKETS, INC.GLD 2 C368.49
7.9%
CBOE GLOBAL MARKETS, INC.GLD 2 C368.49
0.6%
Dreyfus Government Cash Management
0.6%
CBOE GLOBAL MARKETS, INC.GLD 2 P329.7
-0.0%
CBOE GLOBAL MARKETS, INC.GLD 2 P329.7
-0.1%
CBOE GLOBAL MARKETS, INC.GLD 2 C422.48
-0.2%
CBOE GLOBAL MARKETS, INC.GLD 2 C422.48
-1.3%

Asset allocation

Cash
82.1%
Other
17.9%

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)
1.25Strong risk-adjusted returns
Sortino (3Y)
1.79Good downside protection

Where to buy

Listing

Exchange
Cboe BZX

Full fund details

Objective
Seeks to provide investors with returns linked to gold performance.
Strategy
Invests primarily in U.S. Treasury securities, cash, and a wholly-owned subsidiary holding FLEX Options linked to gold prices. Aims to buffer against gold price fluctuations.
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

Buffer ETF — downside protection at a cost

Defined-outcome funds cap upside (typically 8–20%) in exchange for partial downside protection (9–30%), priced via options. Fees are materially higher than the underlying index (often 0.70%+ vs 0.03–0.10%). For most pre-retirees, a simple stock/bond mix achieves similar downside behaviour at a fraction of the cost.

Source: Morningstar, 'Defined-Outcome ETFs: Useful or Uneconomic?' (2023)

Why we flagged this: strategy=structured_outcome + structured_outcome_strategy

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 2026-06-19