FAPRFT Vest U.S. Equity Buffer ETF - April
Seeks to provide returns that match the price return of the SPDR S&P 500 ETF Trust, with a 10% buffer against losses and a cap of 15.16%.
By First Trust · Launched 2021
Annual Cost
0.85%
#4,678 of 6,040 · expensive
Fund Size
$1.3B
#1,021 of 6,040 · large
Return (1Y)
+10.1%
Track Record
5 years
#2,321 of 6,040 · seasoned
Performance
Total-return NAV · USDGrowth of $10,000
$10,994+9.9%
Total-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundHoldings
By weightConcentration
Top 10 holdings = 111.6% of fundconcentrated
CBOE GLOBAL MARKETS, INC.SPY 4 C5.26
96.6%
CBOE GLOBAL MARKETS, INC.SPY 4 C5.26
6.9%
CBOE GLOBAL MARKETS, INC.SPY 4 C5.26
6.2%
CBOE GLOBAL MARKETS, INC.SPY 4 C5.26
1.3%
Dreyfus Government Cash Management Funds
0.3%
CBOE GLOBAL MARKETS, INC.SPY 4 P526.41
0.1%
CBOE GLOBAL MARKETS, INC.SPY 4 C5.26
0.1%
CBOE GLOBAL MARKETS, INC.SPY 4 P526.41
0.0%
CBOE GLOBAL MARKETS, INC.SPY 4 P526.41
0.0%
CBOE GLOBAL MARKETS, INC.SPY 4 P526.41
0.0%
Asset allocation
Stocks
99.1%
Cash
0.9%
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsVolatility (1Y)
5.0%Low
Year-on-year price swings
Max drawdown
-16.0%Moderate
Worst peak-to-trough loss
Sharpe (3Y)
0.99Decent risk-adjusted returns
Sortino (3Y)
1.42Good downside protection
Listing
- Exchange
- Cboe BZX
Full fund details
- Objective
- Seeks to provide returns that match the price return of the SPDR S&P 500 ETF Trust, with a 10% buffer against losses and a cap of 15.16%.
- Strategy
- Invests primarily in FLEX Options referencing the SPDR S&P 500 ETF Trust to provide a buffer against the first 10% of losses and upside participation up to a cap of 15.16%. The strategy is designed to achieve predetermined investment outcomes over the Target Outcome Period.
- Inception date
- April 16, 2021
- Fund family
- First Trust
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Data updated on 2026-09-18