DGJAFT Vest U.S. Equity Buffer & Digital Return ETF - January
Seeks to provide a buffer against the first 10% of losses on SPY while offering a predetermined digital return.
By First Trust · Launched 2026
0.85%
#4,341 of 5,568 · expensive
$5M
#5,107 of 5,568 · small
—
5 months
#5,184 of 5,568 · young
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
Classification
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
Where to buy
Listing
- Exchange
- Cboe BZX
Full fund details
- Objective
- Seeks to provide a buffer against the first 10% of losses on SPY while offering a predetermined digital return.
- Strategy
- Invests primarily in FLEX Options referencing SPY to implement a target outcome strategy. Aims to provide a 10% loss buffer and a digital return if SPY appreciates, remains unchanged, or declines by 10% or less over the Target Outcome Period.
- Inception date
- January 16, 2026
- Fund family
- First Trust
Similar ETFs
Closest matches by profileOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
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
What's next?
You've reviewed DGJA. Save it to your watchlist to track it alongside the other funds you're weighing.
Data updated on 2026-06-20