DLMYFT Vest U.S. Equity Dual Directional Buffer ETF - May
Seeks to provide returns that match the positive price return of the Underlying ETF up to a predetermined upside cap or match the absolute value of the negative price return of the Underlying ETF.
By First Trust · Launched 2026
0.85%
#4,401 of 5,694 · expensive
$64M
#3,349 of 5,694 · mid-size
N/A
2 months
#5,516 of 5,694 · young
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundRisk 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 returns that match the positive price return of the Underlying ETF up to a predetermined upside cap or match the absolute value of the negative price return of the Underlying ETF.
- Strategy
- Invests primarily in FLEX Options referencing the Underlying ETF to provide returns that match its positive price return up to a 14.11% cap or match the absolute value of its negative price return up to a 10% threshold. The strategy includes a 10% buffer against losses exceeding the threshold over the Target Outcome Period.
- Inception date
- May 14, 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 2026-07-10