DLNVFT Vest U.S. Equity Dual Directional Buffer ETF November
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 2025
Annual Cost
0.85%
#4,678 of 6,040 · expensive
Fund Size
$20M
#4,551 of 6,040 · small
Return (1Y)
N/A
Track Record
10 months
#4,908 of 6,040 · young
Performance
Total-return NAV · USDGrowth of $10,000
$10,933+9.3%
Total-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundHoldings
By weightConcentration
Top 10 holdings = 116.0% of fundconcentrated
CBOE GLOBAL MARKETS, INC.SPY 11 C6.62
54.0%
CBOE GLOBAL MARKETS, INC.SPY 11 C6.62
27.0%
CBOE GLOBAL MARKETS, INC.SPY 11 C6.62
18.0%
CBOE GLOBAL MARKETS, INC.SPY 11 P659.06
4.4%
CBOE GLOBAL MARKETS, INC.SPY 11 P576.68
4.3%
CBOE GLOBAL MARKETS, INC.SPY 11 P659.06
2.2%
CBOE GLOBAL MARKETS, INC.SPY 11 P576.68
2.1%
CBOE GLOBAL MARKETS, INC.SPY 11 P659.06
1.5%
CBOE GLOBAL MARKETS, INC.SPY 11 P576.68
1.4%
Dreyfus Government Cash Management Funds
0.9%
Asset allocation
Stocks
99.4%
Cash
0.6%
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsVolatility (1Y)
N/A
Max drawdown
-4.8%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 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 SPDR S&P 500 ETF Trust (SPY) to achieve a dual directional strategy: positive returns up to a 13.98% cap and a 10% buffer against losses exceeding the Inverse Performance Threshold. The Fund aims to provide returns that match the Underlying ETF's performance while limiting downside risk.
- Inception date
- November 21, 2025
- Fund family
- First Trust
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Data updated on 2026-09-18