NOVMFT Vest U.S. Equity Max Buffer ETF – November
Seeks to provide returns that match the price return of the SPDR S&P 500 ETF Trust up to a predetermined upside cap while providing a buffer against losses.
By First Trust · Launched 2024
Annual Cost
0.85%
#4,678 of 6,040 · expensive
Fund Size
$28M
#4,319 of 6,040 · small
Return (1Y)
+6.6%
Track Record
1 year
#3,861 of 6,040 · seasoned
Performance
Total-return NAV · USDGrowth of $10,000
$10,659+6.6%
Total-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundHoldings
By weightConcentration
Top 10 holdings = 105.7% of fundconcentrated
CBOE GLOBAL MARKETS, INC.SPY 11 C6.57
73.6%
CBOE GLOBAL MARKETS, INC.SPY 11 C6.57
17.8%
CBOE GLOBAL MARKETS, INC.SPY 11 C6.57
9.4%
CBOE GLOBAL MARKETS, INC.SPY 11 P659.01
3.2%
Dreyfus Government Cash Management Funds
0.9%
CBOE GLOBAL MARKETS, INC.SPY 11 P659.01
0.6%
CBOE GLOBAL MARKETS, INC.SPY 11 P659.01
0.4%
CBOE GLOBAL MARKETS, INC.SPY 11 P277.12
-0.0%
CBOE GLOBAL MARKETS, INC.SPY 11 P277.12
-0.0%
CBOE GLOBAL MARKETS, INC.SPY 11 P277.12
-0.1%
Asset allocation
Stocks
99.4%
Cash
0.6%
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsVolatility (1Y)
2.0%Low
Year-on-year price swings
Max drawdown
-3.3%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 predetermined upside cap while providing a buffer against losses.
- Strategy
- Invests in FLEX Options referencing the SPDR S&P 500 ETF Trust to match its price return up to a cap of at least 7% while providing a buffer against losses of up to 57.95%. The Fund employs a target outcome strategy to achieve these results over a one-year period.
- Inception date
- November 14, 2024
- Fund family
- First Trust
Similar funds
Same asset class, closest by strategy & exposureNext steps
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Data updated on 2026-09-18