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Beacon

OCTMFT Vest U.S. Equity Max Buffer ETF – October

Diversifier1y track recordRanked #186 of 240 in this goal

Seeks to provide returns matching the price return of the SPDR S&P 500 ETF Trust up to a predetermined upside cap with maximum loss buffer.

By First Trust · Launched 2024

Annual Cost

0.85%

#4,336 of 5,562 · expensive

Fund Size

$32M

#3,993 of 5,562 · small

Return (1Y)Goal

+8.0%

Track Record

1 year

#3,893 of 5,562 · young

Performance

Total-return NAV · USD
Growth of $10,000
$10,803+8.0%

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 = 105.7% of fundconcentrated

CBOE GLOBAL MARKETS, INC.SPY 10 C6.62
79.2%
CBOE GLOBAL MARKETS, INC.SPY 10 C6.62
15.6%
CBOE GLOBAL MARKETS, INC.SPY 10 C6.62
5.4%
CBOE GLOBAL MARKETS, INC.SPY 10 P664.37
3.7%
Dreyfus Government Cash Management
1.0%
CBOE GLOBAL MARKETS, INC.SPY 10 P664.37
0.7%
CBOE GLOBAL MARKETS, INC.SPY 10 P664.37
0.3%
CBOE GLOBAL MARKETS, INC.SPY 10 P373.85
-0.0%
CBOE GLOBAL MARKETS, INC.SPY 10 P373.85
-0.0%
CBOE GLOBAL MARKETS, INC.SPY 10 P373.85
-0.1%

Asset allocation

Stocks
99.3%
Cash
0.7%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
2.4%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

Where to buy

Listing

Exchange
Cboe BZX

Full fund details

Objective
Seeks to provide returns matching the price return of the SPDR S&P 500 ETF Trust up to a predetermined upside cap with maximum loss buffer.
Strategy
Invests primarily in FLEX Options referencing the SPDR S&P 500 ETF Trust to implement a target outcome strategy. Aims to provide a buffer against losses while capping upside returns, with current parameters set at a 43.73% buffer and a 7% cap for the current Target Outcome Period.
Inception date
October 18, 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 2026-06-19