QMNVFT Vest Nasdaq-100 Moderate Buffer ETF – November
Seeks to provide returns that match the price return of the Invesco QQQ Trust up to a cap of 16.35% 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
$46M
#3,837 of 6,040 · mid-size
Return (1Y)
+15.5%
Track Record
1 year
#3,861 of 6,040 · seasoned
Performance
Total-return NAV · USDGrowth of $10,000
$11,550+15.5%
Total-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundHoldings
By weightConcentration
Top 10 holdings = 104.0% of fundconcentrated
CBOE GLOBAL MARKETS, INC.QQQ 11 C5.89
49.5%
CBOE GLOBAL MARKETS, INC.QQQ 11 C5.89
39.6%
CBOE GLOBAL MARKETS, INC.QQQ 11 C5.89
9.8%
CBOE GLOBAL MARKETS, INC.QQQ 11 P590.06
2.9%
CBOE GLOBAL MARKETS, INC.QQQ 11 P590.06
2.3%
Dreyfus Government Cash Management Funds
1.0%
CBOE GLOBAL MARKETS, INC.QQQ 11 P590.06
0.6%
CBOE GLOBAL MARKETS, INC.QQQ 11 P501.55
-0.2%
CBOE GLOBAL MARKETS, INC.QQQ 11 C686.54
-0.3%
CBOE GLOBAL MARKETS, INC.QQQ 11 P501.55
-1.0%
Asset allocation
Stocks
99.4%
Cash
0.6%
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsVolatility (1Y)
7.1%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 16.35% while providing a buffer against the first 15% of losses.
- Strategy
- Invests in FLEX Options referencing the Invesco QQQ Trust to implement a target outcome strategy, providing a buffer against the first 15% of losses and capping returns at 16.35%. Designed for investors holding shares through the entire Target Outcome Period.
- Inception date
- November 14, 2024
- Fund family
- First Trust
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Data updated on 2026-09-18