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Beacon

DGJAFT Vest U.S. Equity Buffer & Digital Return ETF - January

Stay safeGrow my moneyNewRanked #348 of 364 in this goal

Seeks to provide a buffer against the first 10% of losses on the SPDR S&P 500 ETF Trust while offering an 8.52% digital return.

By First Trust · Launched 2026

Annual Cost

0.85%

#4,514 of 5,861 · expensive

Fund Size

$5M

#5,248 of 5,861 · small

Dividend YieldGoal

—

Track Record

7 months

#5,091 of 5,861 · young

Performance

Total-return NAV · USD
Growth of $10,000
$10,457+4.6%

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

Index tracked

S&P 500 Index

What it actually holds

By weight

Concentration

Top 10 holdings = 153.7% of fundconcentrated

CBOE GLOBAL MARKETS, INC.SPY 1 C6.89
48.6%
CBOE GLOBAL MARKETS, INC.SPY 1 C6.89
48.6%
CBOE GLOBAL MARKETS, INC.SPY 1 C605.17
28.3%
CBOE GLOBAL MARKETS, INC.SPY 1 C605.17
28.3%
CBOE GLOBAL MARKETS, INC.SPY 1 P691.63
3.0%
CBOE GLOBAL MARKETS, INC.SPY 1 P691.63
3.0%
Dreyfus Government Cash Management Funds
1.1%
CBOE GLOBAL MARKETS, INC.SPY 1 P622.46
-1.7%
CBOE GLOBAL MARKETS, INC.SPY 1 P622.46
-1.7%
CBOE GLOBAL MARKETS, INC.SPY 1 C691.63
-3.8%

Asset allocation

Stocks
99.0%
Cash
1.1%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
N/A
Max drawdown
-3.6%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 a buffer against the first 10% of losses on the SPDR S&P 500 ETF Trust while offering an 8.52% digital return.
Strategy
Invests in FLEX Options referencing the SPDR S&P 500 ETF Trust to provide a buffer against the first 10% of losses and a digital return of 8.52% if the Underlying ETF appreciates, remains unchanged, or decreases by 10% or less. The strategy is designed for a one-year Target Outcome Period.
Inception date
January 16, 2026
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