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JUNMFT Vest U.S. Equity Max Buffer ETF - June

Diversifier1y track recordRanked #160 of 240 in this goal

Seeks to provide investors with returns before fees and expenses.

By First Trust · Launched 2024

Annual Cost

0.85%

#4,345 of 5,573 · expensive

Fund Size

$63M

#3,362 of 5,573 · mid-size

Return (1Y)Goal

+7.1%

Track Record

1 year

#3,637 of 5,573 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$10,683+6.8%

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

What's inside

How Beacon categorizes this fund

Asset class

Alternative

Strategy

Structured outcome

Index tracked

S&P 500 Index

What it actually holds

By weight

Concentration

Top 10 holdings = 111.7% of fundconcentrated

CBOE GLOBAL MARKETS, INC.SPY 6 C5.92
92.0%
CBOE GLOBAL MARKETS, INC.SPY 6 C5.92
14.8%
CBOE GLOBAL MARKETS, INC.SPY 6 C5.92
3.0%
CBOE GLOBAL MARKETS, INC.SPY 6 P594.26
1.7%
Dreyfus Government Cash Management
0.8%
CBOE GLOBAL MARKETS, INC.SPY 6 P594.26
0.1%
CBOE GLOBAL MARKETS, INC.SPY 6 P198.91
-0.0%
CBOE GLOBAL MARKETS, INC.SPY 6 P198.91
-0.0%
CBOE GLOBAL MARKETS, INC.SPY 6 P198.91
-0.0%
CBOE GLOBAL MARKETS, INC.SPY 6 C635.88
-0.5%

Asset allocation

Stocks
99.6%
Cash
0.4%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
1.8%Low

Year-on-year price swings

Max drawdown
-5.4%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 investors with returns before fees and expenses.
Strategy
Invests primarily in FLEX Options that reference the price performance of U.S. equities. The strategy aims to provide a buffer against losses while participating in market gains.
Inception date
June 21, 2024
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 2026-06-20