QMAGFT Vest Nasdaq-100 Moderate Buffer ETF - August
Seeks to provide returns that match the price return of the Invesco QQQ Trust up to a cap of 13.94% while providing a buffer against the first 15% of losses.
By First Trust · Launched 2024
Annual Cost
0.90%
#4,877 of 6,040 · expensive
Fund Size
$80M
#3,292 of 6,040 · mid-size
Return (1Y)
+12.4%
Track Record
2 years
#3,667 of 6,040 · seasoned
Performance
Total-return NAV · USDGrowth of $10,000
$11,261+12.6%
Total-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundHoldings
By weightConcentration
Top 10 holdings = 103.1% of fundconcentrated
CBOE GLOBAL MARKETS, INC.QQQ 8 C5.76
49.8%
CBOE GLOBAL MARKETS, INC.QQQ 8 C5.76
34.1%
CBOE GLOBAL MARKETS, INC.QQQ 8 C5.76
15.9%
CBOE GLOBAL MARKETS, INC.QQQ 8 P577.33
2.0%
CBOE GLOBAL MARKETS, INC.QQQ 8 P577.33
1.4%
Dreyfus Government Cash Management Funds
0.7%
CBOE GLOBAL MARKETS, INC.QQQ 8 P577.33
0.5%
CBOE GLOBAL MARKETS, INC.QQQ 8 P490.73
-0.2%
CBOE GLOBAL MARKETS, INC.QQQ 8 C657.81
-0.5%
CBOE GLOBAL MARKETS, INC.QQQ 8 P490.73
-0.6%
Asset allocation
Stocks
98.7%
Cash
1.3%
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsVolatility (1Y)
7.2%Low
Year-on-year price swings
Max drawdown
-12.4%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 returns that match the price return of the Invesco QQQ Trust up to a cap of 13.94% while providing a buffer against the first 15% of losses.
- Strategy
- Invests substantially all assets in FLEX Options referencing the Invesco QQQ Trust to provide a buffer against the first 15% of losses and upside participation up to a cap of 13.94%. Employs a target outcome strategy to achieve these pre-determined investment outcomes over the Target Outcome Period.
- Inception date
- August 16, 2024
- Fund family
- First Trust
Similar funds
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Data updated on 2026-09-18