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TSEPFT Vest Emerging Market Buffer

Stay safeGrow my money1y track recordRanked #306 of 340 in this goal

Seeks to provide returns matching the iShares MSCI Emerging Markets ETF up to a 17.19% cap with a 10% loss buffer.

By First Trust · Launched 2024

Annual Cost

0.95%

#4,684 of 5,562 · expensive

Fund Size

$17M

#4,464 of 5,562 · small

Dividend YieldGoal

0.00%

Track Record

1 year

#3,820 of 5,562 · young

Performance

Total-return NAV · USD
Growth of $10,000
$12,172+21.7%

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

Classification

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 = 100.0% of fundconcentrated

CBOE GLOBAL MARKETS, INC.EEM 9 C0.53
90.6%
CBOE GLOBAL MARKETS, INC.EEM 9 C0.53
7.5%
CBOE GLOBAL MARKETS, INC.EEM 9 P53.01
3.6%
CBOE GLOBAL MARKETS, INC.EEM 9 P53.01
1.6%
Dreyfus Government Cash Management
1.1%
CBOE GLOBAL MARKETS, INC.EEM 9 C62.12
-0.2%
CBOE GLOBAL MARKETS, INC.EEM 9 C62.12
-0.6%
CBOE GLOBAL MARKETS, INC.EEM 9 P47.71
-0.7%
CBOE GLOBAL MARKETS, INC.EEM 9 C62.12
-1.2%
CBOE GLOBAL MARKETS, INC.EEM 9 P47.71
-1.7%

Asset allocation

Stocks
99.4%
Cash
0.6%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
10.3%Moderate

Year-on-year price swings

Max drawdown
-9.8%Mild

Worst peak-to-trough loss

Sharpe (3Y)
Unavailable

Needs 3+ years of history

Sortino (3Y)
Not yet

Needs 3+ years of history

Where to buy

Listing

Exchange
Cboe BZX

Full fund details

Objective
Seeks to provide returns matching the iShares MSCI Emerging Markets ETF up to a 17.19% cap with a 10% loss buffer.
Strategy
Invests primarily in FLEX Options referencing the iShares MSCI Emerging Markets ETF to achieve a target outcome strategy. Provides a buffer against the first 10% of losses and caps returns at 17.19% over the Target Outcome Period.
Inception date
September 20, 2024
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