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FFEBFT Vest U.S. Equity Buffer ETF - February

Stay safeGrow my money6y track recordRanked #87 of 387 in this goal

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

Annual Cost

0.85%

#4,678 of 6,040 · expensive

Fund Size

$1.4B

#973 of 6,040 · large

Return (1Y)

+14.0%

Track Record

6 years

#2,031 of 6,040 · established

Performance

Total-return NAV · USD
Growth of $10,000
$11,351+13.5%

Total-return NAV, USD. Net of fund fees, before tax.

What's inside

How Beacon categorizes this fund

Asset class

Alternative

Strategy

Structured outcome

Index tracked

S&P 500 Index

Holdings

By weight

Concentration

Top 10 holdings = 105.2% of fundconcentrated

CBOE GLOBAL MARKETS, INC.SPY 2 C6.89
97.0%
CBOE GLOBAL MARKETS, INC.SPY 2 P689.43
6.0%
Dreyfus Government Cash Management Funds
1.2%
CBOE GLOBAL MARKETS, INC.SPY 2 C6.89
0.5%
CBOE GLOBAL MARKETS, INC.SPY 2 C6.89
0.5%
CBOE GLOBAL MARKETS, INC.SPY 2 P689.43
0.1%
CBOE GLOBAL MARKETS, INC.SPY 2 P689.43
0.0%
CBOE GLOBAL MARKETS, INC.SPY 2 C792.91
-0.0%
CBOE GLOBAL MARKETS, INC.SPY 2 C792.91
-0.0%
CBOE GLOBAL MARKETS, INC.SPY 2 P620.49
-0.0%

Asset allocation

Stocks
99.2%
Cash
0.8%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
7.2%Low

Year-on-year price swings

Max drawdown
-22.8%Moderate

Worst peak-to-trough loss

Sharpe (3Y)
1.18Strong risk-adjusted returns
Sortino (3Y)
1.75Good downside protection

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

Next steps

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Data updated on 2026-09-18