FFEBFT Vest U.S. Equity Buffer ETF - February
Seeks to provide returns that match the price return of the Underlying ETF, up to a cap of 15.01%, while providing a buffer against the first 10% of losses.
By First Trust · Launched 2020
0.85%
#4,514 of 5,861 · expensive
$1.4B
#957 of 5,861 · large
0.00%
6 years
#2,009 of 5,861 · 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 = 105.2% 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 returns that match the price return of the Underlying ETF, up to a cap of 15.01%, while providing a buffer against the first 10% of losses.
- Strategy
- Invests in FLEX Options referencing the Underlying ETF to provide a buffer against the first 10% of losses and upside participation up to a cap of 15.01%. Employs a target outcome strategy over the defined period from February 23, 2026 to February 19, 2027.
- Inception date
- February 21, 2020
- 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 2026-08-04