GNOVFT Vest U.S. Equity Moderate Buffer ETF - November
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
$296M
#2,096 of 6,040 · mid-size
Return (1Y)
+13.0%
Track Record
2 years
#3,230 of 6,040 · seasoned
Performance
Total-return NAV · USDGrowth of $10,000
$11,289+12.9%
Total-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundHoldings
By weightConcentration
Top 10 holdings = 104.0% of fundconcentrated
CBOE GLOBAL MARKETS, INC.SPY 11 C6.61
79.6%
CBOE GLOBAL MARKETS, INC.SPY 11 C6.61
14.8%
CBOE GLOBAL MARKETS, INC.SPY 11 C6.61
5.0%
CBOE GLOBAL MARKETS, INC.SPY 11 P659.05
3.6%
Dreyfus Government Cash Management Funds
0.9%
CBOE GLOBAL MARKETS, INC.SPY 11 P659.05
0.3%
CBOE GLOBAL MARKETS, INC.SPY 11 P659.05
0.2%
CBOE GLOBAL MARKETS, INC.SPY 11 P560.2
-0.1%
CBOE GLOBAL MARKETS, INC.SPY 11 C746.37
-0.1%
CBOE GLOBAL MARKETS, INC.SPY 11 C746.37
-0.2%
Asset allocation
Stocks
99.4%
Cash
0.6%
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsVolatility (1Y)
5.6%Low
Year-on-year price swings
Max drawdown
-10.7%Mild
Worst peak-to-trough loss
Sharpe (3Y)
Unavailable
Needs 3+ years of history
Sortino (3Y)
Not yet
Needs 3+ years of history
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 to provide a buffer against the first 15% of losses from the SPDR S&P 500 ETF Trust while targeting a cap of 13.25% on returns. The strategy is designed to achieve predetermined outcomes based on the Underlying ETF's performance over the Target Outcome Period.
- Inception date
- November 17, 2023
- Fund family
- First Trust
Similar funds
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Data updated on 2026-09-18