SEPMFT Vest U.S. Equity Max Buffer
Seeks to provide returns that match the price return of the SPDR S&P 500 ETF Trust up to a predetermined upside cap while providing a buffer against losses.
By First Trust · Launched 2024
0.85%
#4,507 of 5,854 · expensive
$31M
#4,122 of 5,854 · small
0.00%
1 year
#3,724 of 5,854 · 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 = 104.0% 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 SPDR S&P 500 ETF Trust up to a predetermined upside cap while providing a buffer against losses.
- Strategy
- Invests in FLEX Options referencing the SPDR S&P 500 ETF Trust to provide a buffer against losses and a cap on returns. The Fund seeks to provide the maximum available buffer while setting a predetermined upside cap of at least 7%.
- Inception date
- September 20, 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 2026-08-03