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Beacon

GOCTFT Vest U.S. Equity Moderate Buffer ETF - October

Take a bet2y track recordRanked #204 of 949 in this goal

Seeks to provide returns that match the price return of the SPDR S&P 500 ETF Trust, up to a cap of 12.14%, while providing a buffer against the first 15% of losses.

By First Trust · Launched 2023

Annual Cost

0.85%

#4,514 of 5,861 · expensive

Fund Size

$297M

#2,003 of 5,861 · mid-size

Return (1Y)Goal

+12.6%

Track Record

2 years

#3,171 of 5,861 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$11,279+12.8%

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

What's inside

How Beacon categorizes this fund

Asset class

Alternative

Region

North america

Strategy

Structured outcome

Index tracked

S&P 500 Index

What it actually holds

By weight

Concentration

Top 10 holdings = 103.1% of fundconcentrated

CBOE GLOBAL MARKETS, INC.SPY 10 C6.66
74.2%
CBOE GLOBAL MARKETS, INC.SPY 10 C6.66
16.3%
CBOE GLOBAL MARKETS, INC.SPY 10 C6.66
8.4%
CBOE GLOBAL MARKETS, INC.SPY 10 P664.41
3.0%
Dreyfus Government Cash Management Funds
0.8%
CBOE GLOBAL MARKETS, INC.SPY 10 P664.41
0.6%
CBOE GLOBAL MARKETS, INC.SPY 10 P664.41
0.3%
CBOE GLOBAL MARKETS, INC.SPY 10 P564.75
-0.1%
CBOE GLOBAL MARKETS, INC.SPY 10 C745.07
-0.2%
CBOE GLOBAL MARKETS, INC.SPY 10 P564.75
-0.3%

Asset allocation

Stocks
99.2%
Cash
0.8%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
6.1%Low

Year-on-year price swings

Max drawdown
-10.5%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, up to a cap of 12.14%, while providing a buffer against the first 15% of 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 12.14%. Employs a target outcome strategy over the defined period from October 20, 2025 to October 16, 2026.
Inception date
October 20, 2023
Fund family
First Trust

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Buffer
Warning

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