DGAPFT Vest U.S. Equity Buffer & Digital Return ETF - April
Seeks to provide a buffer against the first 10% of losses on the price returns of the Underlying ETF while providing a digital return of 9.05%.
By First Trust · Launched 2026
0.85%
#4,514 of 5,861 · expensive
$6M
#5,124 of 5,861 · small
—
4 months
#5,361 of 5,861 · 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 weightAsset allocation
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsWorst 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 a buffer against the first 10% of losses on the price returns of the Underlying ETF while providing a digital return of 9.05%.
- Strategy
- Invests in FLEX Options to provide a buffer against the first 10% of losses on the Underlying ETF and a digital return of 9.05% if the Underlying ETF appreciates, remains unchanged, or decreases by 10% or less over the Target Outcome Period. The Fund's performance will not reflect dividends paid by the Underlying ETF.
- Inception date
- April 17, 2026
- 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 2026-08-04