FHDGFT Vest U.S. Equity Quarterly Dynamic Buffer ETF
Seeks to provide returns that match the price return of the State Street SPDR S&P 500 ETF Trust with a buffer against losses.
By First Trust · Launched 2024
0.85%
#4,514 of 5,861 · expensive
$67M
#3,355 of 5,861 · mid-size
+13.2%
1 year
#3,845 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 5 holdings = 100.1% of fundconcentrated
Asset allocation
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsYear-on-year price swings
Worst peak-to-trough loss
Needs 3+ years of history
Needs 3+ years of history
Listing
- Exchange
- Cboe BZX
Full fund details
- Objective
- Seeks to provide returns that match the price return of the State Street SPDR S&P 500 ETF Trust with a buffer against losses.
- Strategy
- Invests primarily in FLEX Options referencing the State Street SPDR S&P 500 ETF Trust to provide a buffer against the first 7.5% of losses while setting a predetermined upside cap. The Fund's performance is designed to match the Underlying ETF's price return over a three-month period.
- Inception date
- November 14, 2024
- 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