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TDECFT Vest Emerging Markets Buffer ETF - December

Stay safeGrow my money1y track recordRanked #323 of 364 in this goal

Seeks to provide returns that match the price return of the iShares MSCI Emerging Markets ETF, up to a cap of 19.79%, while providing a buffer against the first 10% of losses.

By First Trust · Launched 2024

Annual Cost

0.95%

#4,882 of 5,861 · expensive

Fund Size

$14M

#4,676 of 5,861 · small

Dividend YieldGoal

0.00%

Track Record

1 year

#3,946 of 5,861 · young

Performance

Total-return NAV · USD
Growth of $10,000
$11,719+17.2%

Total-return NAV, USD. Net of fund fees, before tax.

What's inside

How Beacon categorizes this fund

Asset class

Alternative

Region

Emerging markets

Strategy

Structured outcome

Index tracked

MSCI Emerging Markets Index

What it actually holds

By weight

Concentration

Top 10 holdings = 109.6% of fundconcentrated

CBOE GLOBAL MARKETS, INC.EEM 12 C0.54
79.2%
CBOE GLOBAL MARKETS, INC.EEM 12 C0.54
13.2%
CBOE GLOBAL MARKETS, INC.EEM 12 C0.54
13.2%
CBOE GLOBAL MARKETS, INC.EEM 12 P53.72
1.6%
Dreyfus Government Cash Management Funds
1.1%
CBOE GLOBAL MARKETS, INC.EEM 12 P53.72
0.8%
CBOE GLOBAL MARKETS, INC.EEM 12 P53.72
0.8%
CBOE GLOBAL MARKETS, INC.EEM 12 C0.54
0.1%
CBOE GLOBAL MARKETS, INC.EEM 12 P48.35
-0.0%
CBOE GLOBAL MARKETS, INC.EEM 12 P48.35
-0.2%

Asset allocation

Stocks
99.0%
Cash
0.9%
Preferred
0.0%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
11.1%Moderate

Year-on-year price swings

Max drawdown
-10.3%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 iShares MSCI Emerging Markets ETF, up to a cap of 19.79%, while providing a buffer against the first 10% of losses.
Strategy
Invests primarily in FLEX Options referencing the iShares MSCI Emerging Markets ETF to provide a buffer against the first 10% of losses and upside participation up to a cap of 19.79%. Employs a target outcome strategy over a one-year period, resetting at the start of each new Target Outcome Period.
Inception date
December 19, 2024
Fund family
First Trust

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Buffer
Warning

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 2026-08-04