UXAPFT Vest U.S. Equity Uncapped Ac
Seeks to provide potential returns that outperform the positive price return of the SPDR S&P 500 ETF Trust.
By First Trust · Launched 2025
0.85%
#4,514 of 5,861 · expensive
$9M
#4,961 of 5,861 · small
+19.2%
1 year
#4,251 of 5,861 · young
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 = 100.1% 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 potential returns that outperform the positive price return of the SPDR S&P 500 ETF Trust.
- Strategy
- Invests substantially all assets in FLEX Options referencing the SPDR S&P 500 ETF Trust to achieve returns exceeding the Underlying ETF's price performance. The strategy targets a 116% Upside Rate of Return if the Underlying ETF exceeds a 102% price increase at the end of the Target Outcome Period.
- Inception date
- April 16, 2025
- 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 2026-08-04