QMMYFT Vest NASDAQ-100 Moderate Buffer ETF - May
Seeks to provide returns that match the price return of the Invesco QQQ Trust up to a cap of 17.69% 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
$150M
#2,720 of 6,040 · mid-size
Return (1Y)
+9.1%
Track Record
2 years
#3,499 of 6,040 · seasoned
Performance
Total-return NAV · USDGrowth of $10,000
$10,928+9.3%
Total-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundHoldings
By weightConcentration
Top 10 holdings = 105.5% of fundconcentrated
CBOE GLOBAL MARKETS, INC.QQQ 5 C5.21
66.8%
CBOE GLOBAL MARKETS, INC.QQQ 5 C5.21
24.4%
CBOE GLOBAL MARKETS, INC.QQQ 5 C5.21
13.1%
CBOE GLOBAL MARKETS, INC.QQQ 5 P521.5
0.7%
Dreyfus Government Cash Management Funds
0.4%
CBOE GLOBAL MARKETS, INC.QQQ 5 P521.5
0.2%
CBOE GLOBAL MARKETS, INC.QQQ 5 P521.5
0.0%
CBOE GLOBAL MARKETS, INC.QQQ 5 P443.27
-0.0%
CBOE GLOBAL MARKETS, INC.QQQ 5 C600.77
-0.0%
CBOE GLOBAL MARKETS, INC.QQQ 5 P443.27
-0.1%
Asset allocation
Stocks
98.9%
Cash
1.1%
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsVolatility (1Y)
8.3%Low
Year-on-year price swings
Max drawdown
-12.8%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 17.69% while providing a buffer against the first 15% of losses.
- Strategy
- Invests 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 17.69%. Employs a target outcome strategy over the defined period from May 18, 2026 to May 21, 2027.
- Inception date
- May 17, 2024
- Fund family
- First Trust
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Data updated on 2026-09-18