QCJLFT Vest NASDAQ-100 Conservative Buffer ETF - July
Seeks to provide returns that match the price return of the Invesco QQQ Trust up to a cap of 12.06% while providing a buffer against the first 20% of losses.
By First Trust · Launched 2024
0.90%
#4,723 of 5,861 · expensive
$65M
#3,382 of 5,861 · mid-size
0.00%
2 years
#3,599 of 5,861 · seasoned
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundWhat it actually holds
By weightConcentration
Top 10 holdings = 104.5% of fundconcentrated
Asset allocation
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsYear-on-year price swings
Worst peak-to-trough loss
Needs 3+ years of history
Needs 3+ years of history
Listing
- Exchange
- Cboe BZX
Full fund details
- Objective
- Seeks to provide returns that match the price return of the Invesco QQQ Trust up to a cap of 12.06% while providing a buffer against the first 20% of losses.
- Strategy
- Invests primarily in FLEX Options referencing the Invesco QQQ Trust to provide a buffer against the first 20% of losses and upside participation up to a cap of 12.06%. Employs a target outcome strategy to achieve these pre-determined investment outcomes over the Target Outcome Period.
- Inception date
- July 19, 2024
- Fund family
- First Trust
Similar funds
Same asset class, closest by strategy & exposureOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
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