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UXJAFT Vest U.S. Equity Uncapped Accelerator ETF - January

Get income1y track recordRanked #1,491 of 1,650 in this goal

Seeks to provide potential returns that outperform the positive price return of the SPDR S&P 500 ETF Trust.

By First Trust · Launched 2025

Annual Cost

0.85%

#4,514 of 5,861 · expensive

Fund Size

$13M

#4,743 of 5,861 · small

Dividend YieldGoal

0.00%

Track Record

1 year

#4,006 of 5,861 · young

Performance

Total-return NAV · USD
Growth of $10,000
$11,929+19.3%

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

What's inside

How Beacon categorizes this fund

Asset class

Alternative

Region

North america

Strategy

Option income

Focus

ESG

Index tracked

S&P 500 Index

What it actually holds

By weight

Concentration

Top 7 holdings = 100.1% of fundconcentrated

CBOE GLOBAL MARKETS, INC.SPY 1 C13.83
73.2%
CBOE GLOBAL MARKETS, INC.SPY 1 C13.83
24.1%
CBOE GLOBAL MARKETS, INC.SPY 1 C705.49
6.0%
Dreyfus Government Cash Management Funds
2.3%
CBOE GLOBAL MARKETS, INC.SPY 1 C705.49
2.0%
CBOE GLOBAL MARKETS, INC.SPY 1 C691.66
-1.9%
CBOE GLOBAL MARKETS, INC.SPY 1 C691.66
-5.7%

Asset allocation

Stocks
98.0%
Cash
2.0%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
14.7%Moderate

Year-on-year price swings

Max drawdown
-20.0%Moderate

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 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 126% Upside Rate of Return if the Underlying ETF exceeds a 102% price increase at the end of the Target Outcome Period.
Inception date
January 16, 2025
Fund family
First Trust

Our take

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

Covered call
Warning

The big yield isn't extra money

The headline distribution comes from selling call options, which caps the fund's upside. Across a full market cycle that trade costs more than it brings in — often 1 to 3 percentage points a year against just holding the index. Monthly payouts make the gap easy to miss on a return summary.

Sources: Israelov & Ndong, 'A Devil's Bargain: When Generating Income Undermines Investment Returns' (NDVR, 2023)

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