DSEPFT Vest U.S. Equity Deep Buffer ETF - September
Seeks to provide investors with returns before fees and expenses.
By First Trust · Launched 2020
0.85%
#4,345 of 5,573 · expensive
$350M
#1,844 of 5,573 · large
0.00%
5 years
#2,194 of 5,573 · seasoned
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundWhat it actually holds
By weightConcentration
Top 10 holdings = 103.8% of fundconcentrated
Asset allocation
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsYear-on-year price swings
Worst peak-to-trough loss
Listing
- Exchange
- Cboe BZX
Full fund details
- Objective
- Seeks to provide investors with returns before fees and expenses.
- Strategy
- Invests primarily in FLEX Options that reference the price performance of U.S. equities. The strategy aims to provide a buffer against losses while participating in market gains.
- Inception date
- September 18, 2020
- Fund family
- First Trust
Similar funds
Closest matches by profileOur 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 2026-06-20