FNOVFT Vest U.S. Equity Buffer ETF - November
Seeks to provide returns that match the price return of the SPDR S&P 500 ETF Trust, with a 10% buffer against losses.
By First Trust · Launched 2019
Annual Cost
0.85%
#4,678 of 6,040 · expensive
Fund Size
$1.2B
#1,056 of 6,040 · large
Return (1Y)
+14.2%
Track Record
6 years
#1,985 of 6,040 · established
Performance
Total-return NAV · USDGrowth of $10,000
$11,417+14.2%
Total-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundHoldings
By weightConcentration
Top 10 holdings = 103.8% of fundconcentrated
CBOE GLOBAL MARKETS, INC.SPY 11 C6.59
84.4%
CBOE GLOBAL MARKETS, INC.SPY 11 C6.59
7.9%
CBOE GLOBAL MARKETS, INC.SPY 11 C6.59
3.6%
CBOE GLOBAL MARKETS, INC.SPY 11 P659.03
3.5%
CBOE GLOBAL MARKETS, INC.SPY 11 C6.59
1.5%
CBOE GLOBAL MARKETS, INC.SPY 11 C6.59
1.4%
Dreyfus Government Cash Management Funds
0.9%
CBOE GLOBAL MARKETS, INC.SPY 11 P659.03
0.3%
CBOE GLOBAL MARKETS, INC.SPY 11 P659.03
0.1%
CBOE GLOBAL MARKETS, INC.SPY 11 P659.03
0.1%
Asset allocation
Stocks
99.4%
Cash
0.6%
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsVolatility (1Y)
7.5%Low
Year-on-year price swings
Max drawdown
-24.4%Moderate
Worst peak-to-trough loss
Sharpe (3Y)
1.01Strong risk-adjusted returns
Sortino (3Y)
1.51Good 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.
- Strategy
- Invests in FLEX Options to provide a buffer against the first 10% of Underlying ETF losses while matching returns up to a cap of 16.62%. Employs a target outcome strategy over the period from November 24, 2025 to November 20, 2026.
- Inception date
- November 15, 2019
- Fund family
- First Trust
Similar funds
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Data updated on 2026-09-18