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Beacon

QSPTFT Vest Nasdaq-100 Buffer ETF – September

Stay safeGrow my money4y track recordRanked #91 of 340 in this goal

Seeks to provide returns with a buffer against the first 10% of losses in the Invesco QQQ Trust.

By First Trust · Launched 2021

Annual Cost

0.90%

#4,535 of 5,562 · expensive

Fund Size

$625M

#1,403 of 5,562 · large

Dividend YieldGoal

0.00%

Track Record

4 years

#2,468 of 5,562 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$12,112+21.1%

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

Nasdaq-100 Index

What it actually holds

By weight

Concentration

Top 10 holdings = 106.0% of fundconcentrated

CBOE GLOBAL MARKETS, INC.QQQ 9 C5.98
90.4%
CBOE GLOBAL MARKETS, INC.QQQ 9 C5.98
5.4%
CBOE GLOBAL MARKETS, INC.QQQ 9 P599.34
5.0%
CBOE GLOBAL MARKETS, INC.QQQ 9 C5.98
4.1%
Dreyfus Government Cash Management
1.0%
CBOE GLOBAL MARKETS, INC.QQQ 9 P599.34
0.3%
CBOE GLOBAL MARKETS, INC.QQQ 9 P599.34
0.2%
CBOE GLOBAL MARKETS, INC.QQQ 9 C701.05
-0.1%
CBOE GLOBAL MARKETS, INC.QQQ 9 P539.41
-0.1%
CBOE GLOBAL MARKETS, INC.QQQ 9 P539.41
-0.2%

Asset allocation

Stocks
99.5%
Cash
0.5%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
9.7%Low

Year-on-year price swings

Max drawdown
-22.6%Moderate

Worst peak-to-trough loss

Sharpe (3Y)
1.21Strong risk-adjusted returns
Sortino (3Y)
1.82Good downside protection

Where to buy

Listing

Exchange
Cboe BZX

Full fund details

Objective
Seeks to provide returns with a buffer against the first 10% of losses in the Invesco QQQ Trust.
Strategy
Invests primarily in FLEX Options referencing the Invesco QQQ Trust to implement a target outcome strategy. Aims to provide a 10% buffer against losses and a cap of 16.97% on returns over a one-year period.
Inception date
September 17, 2021
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