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Beacon

GSEPFT Vest U.S. Equity Moderate Buffer ETF – September

Take a bet2y track recordRanked #164 of 775 in this goal

Seeks to provide returns with a buffer against the first 15% of losses of the SPDR S&P 500 ETF Trust (SPY).

By First Trust · Launched 2023

Annual Cost

0.85%

#4,336 of 5,562 · expensive

Fund Size

$330M

#1,884 of 5,562 · large

Return (1Y)Goal

+12.8%

Track Record

2 years

#3,160 of 5,562 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$11,325+13.3%

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

Classification

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 = 104.9% of fundconcentrated

CBOE GLOBAL MARKETS, INC.SPY 9 C6.66
51.9%
CBOE GLOBAL MARKETS, INC.SPY 9 C6.66
40.8%
CBOE GLOBAL MARKETS, INC.SPY 9 C6.66
7.0%
CBOE GLOBAL MARKETS, INC.SPY 9 P663.72
2.3%
CBOE GLOBAL MARKETS, INC.SPY 9 P663.72
1.8%
Dreyfus Government Cash Management
1.0%
CBOE GLOBAL MARKETS, INC.SPY 9 P663.72
0.3%
CBOE GLOBAL MARKETS, INC.SPY 9 C6.66
0.0%
CBOE GLOBAL MARKETS, INC.SPY 9 P663.72
0.0%
CBOE GLOBAL MARKETS, INC.SPY 9 P564.17
-0.0%

Asset allocation

Stocks
99.3%
Cash
0.7%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
6.0%Low

Year-on-year price swings

Max drawdown
-10.1%Mild

Worst peak-to-trough loss

Sharpe (3Y)
Unavailable

Needs 3+ years of history

Sortino (3Y)
Not yet

Needs 3+ years of history

Where to buy

Listing

Exchange
Cboe BZX

Full fund details

Objective
Seeks to provide returns with a buffer against the first 15% of losses of the SPDR S&P 500 ETF Trust (SPY).
Strategy
Invests primarily in FLEX Options referencing SPY to implement a target outcome strategy. Aims to provide a 15% buffer against SPY losses and a cap of 11.48% on returns over a one-year period.
Inception date
September 15, 2023
Fund family
First Trust

Our take

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

Buffer
Warning

Buffer ETF — downside protection at a cost

Defined-outcome funds cap upside (typically 8–20%) in exchange for partial downside protection (9–30%), priced via options. Fees are materially higher than the underlying index (often 0.70%+ vs 0.03–0.10%). For most pre-retirees, a simple stock/bond mix achieves similar downside behaviour at a fraction of the cost.

Source: Morningstar, 'Defined-Outcome ETFs: Useful or Uneconomic?' (2023)

Why we flagged this: strategy=structured_outcome + structured_outcome_strategy

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 2026-06-19