FDECFT Vest U.S. Equity Buffer ETF - December
Seeks to provide returns that match the price return of the SPDR S&P 500 ETF Trust, up to a cap of 14.75%, while providing a buffer against the first 10% of losses.
By First Trust · Launched 2020
Annual Cost
0.85%
#4,672 of 6,035 · expensive
Fund Size
$1.3B
#1,028 of 6,035 · large
Return (1Y)
+13.6%
Track Record
5 years
#2,228 of 6,035 · seasoned
Performance
Total-return NAV · USDGrowth of $10,000
$11,353+13.5%
Total-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundHoldings
By weightConcentration
Top 10 holdings = 104.4% of fundconcentrated
CBOE GLOBAL MARKETS, INC.SPY 12 C6.81
89.9%
CBOE GLOBAL MARKETS, INC.SPY 12 P680.59
4.9%
CBOE GLOBAL MARKETS, INC.SPY 12 C6.81
3.6%
CBOE GLOBAL MARKETS, INC.SPY 12 C6.81
3.1%
CBOE GLOBAL MARKETS, INC.SPY 12 C6.81
1.5%
Dreyfus Government Cash Management Funds
1.0%
CBOE GLOBAL MARKETS, INC.SPY 12 P680.59
0.2%
CBOE GLOBAL MARKETS, INC.SPY 12 P680.59
0.1%
CBOE GLOBAL MARKETS, INC.SPY 12 P680.59
0.1%
CBOE GLOBAL MARKETS, INC.SPY 12 C780.98
-0.0%
Asset allocation
Stocks
99.3%
Cash
0.7%
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsVolatility (1Y)
7.6%Low
Year-on-year price swings
Max drawdown
-15.7%Moderate
Worst peak-to-trough loss
Sharpe (3Y)
1.11Strong risk-adjusted returns
Sortino (3Y)
1.64Good 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, up to a cap of 14.75%, while providing a buffer against the first 10% of losses.
- Strategy
- Invests substantially all assets in FLEX Options referencing the SPDR S&P 500 ETF Trust to provide a buffer against the first 10% of losses and a cap of 14.75% on returns. The strategy is designed to achieve predetermined outcomes based on the Underlying ETF's performance over the Target Outcome Period.
- Inception date
- December 18, 2020
- Fund family
- First Trust
Similar funds
Same asset class, closest by strategy & exposureNext steps
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Data updated on 2026-09-17