GAPRFT Vest U.S. Equity Moderate Buffer ETF - April
Seeks to provide returns that match the price return of the SPDR S&P 500 ETF Trust, with a 15% buffer against losses.
By First Trust · Launched 2023
Annual Cost
0.85%
#4,678 of 6,040 · expensive
Fund Size
$294M
#2,104 of 6,040 · mid-size
Return (1Y)
+8.5%
Track Record
3 years
#2,930 of 6,040 · seasoned
Performance
Total-return NAV · USDGrowth of $10,000
$10,846+8.5%
Total-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundHoldings
By weightConcentration
Top 10 holdings = 114.7% of fundconcentrated
CBOE GLOBAL MARKETS, INC.SPY 4 C5.28
91.1%
CBOE GLOBAL MARKETS, INC.SPY 4 C5.28
8.5%
CBOE GLOBAL MARKETS, INC.SPY 4 C5.28
8.1%
CBOE GLOBAL MARKETS, INC.SPY 4 C5.28
5.9%
CBOE GLOBAL MARKETS, INC.SPY 4 C5.28
0.5%
Dreyfus Government Cash Management Funds
0.4%
CBOE GLOBAL MARKETS, INC.SPY 4 P526.43
0.1%
CBOE GLOBAL MARKETS, INC.SPY 4 P526.43
0.0%
CBOE GLOBAL MARKETS, INC.SPY 4 P526.43
0.0%
CBOE GLOBAL MARKETS, INC.SPY 4 P526.43
0.0%
Asset allocation
Stocks
99.0%
Cash
0.9%
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsVolatility (1Y)
3.6%Low
Year-on-year price swings
Max drawdown
-9.0%Mild
Worst peak-to-trough loss
Sharpe (3Y)
0.93Decent risk-adjusted returns
Sortino (3Y)
1.34Good 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 15% buffer against losses.
- Strategy
- Invests in FLEX Options referencing the SPDR S&P 500 ETF Trust to provide a buffer against the first 15% of losses and upside participation up to a cap of 12.34%. Employs a target outcome strategy over the period from April 20, 2026 to April 16, 2027.
- Inception date
- April 21, 2023
- Fund family
- First Trust
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Data updated on 2026-09-18