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Beacon

DGOCFT Vest U.S. Equity Buffer & Digital Return ETF October

Grow my moneyNewRanked #2,836 of 2,960 in this goal

Seeks to provide a 10% buffer against losses on SPY while offering a predetermined digital return if SPY appreciates or remains stable.

By First Trust · Launched 2025

Annual Cost

0.85%

#4,336 of 5,562 · expensive

Fund Size

$5M

#5,094 of 5,562 · small

Return (1Y)Goal

N/A

Track Record

8 months

#4,875 of 5,562 · young

Performance

Total-return NAV · USD
Growth of $10,000
$10,544+5.4%

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

Classification

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 = 166.6% of fundconcentrated

CBOE GLOBAL MARKETS, INC.SPY 10 C6.61
49.9%
CBOE GLOBAL MARKETS, INC.SPY 10 C6.61
49.9%
CBOE GLOBAL MARKETS, INC.SPY 10 C581.31
34.6%
CBOE GLOBAL MARKETS, INC.SPY 10 C581.31
34.6%
CBOE GLOBAL MARKETS, INC.SPY 10 P664.36
2.3%
CBOE GLOBAL MARKETS, INC.SPY 10 P664.36
2.3%
Dreyfus Government Cash Management
0.5%
CBOE GLOBAL MARKETS, INC.SPY 10 P597.92
-1.3%
CBOE GLOBAL MARKETS, INC.SPY 10 P597.92
-1.3%
CBOE GLOBAL MARKETS, INC.SPY 10 C664.36
-5.0%

Asset allocation

Stocks
99.2%
Cash
0.8%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
N/A
Max drawdown
-2.9%Mild

Worst peak-to-trough loss

Sharpe (3Y)
Unavailable

Needs 3+ years of history

Sortino (3Y)
Not yet

Needs 3+ years of history

Where to buy

Listing

Exchange
Cboe BZX

Full fund details

Objective
Seeks to provide a 10% buffer against losses on SPY while offering a predetermined digital return if SPY appreciates or remains stable.
Strategy
Invests primarily in FLEX Options referencing SPY to implement a target outcome strategy. Aims for a 10% loss buffer and a digital return if SPY appreciates or declines by 10% or less over the Target Outcome Period.
Inception date
October 16, 2025
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