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Beacon

XIDEFT Vest U.S. Equity Buffer & Premium Income ETF - December

Stay safeGrow my money2y track recordRanked #295 of 340 in this goal

Seeks to provide approximately 7.08% annualized income while offering a 10% buffer against Underlying ETF losses.

By First Trust · Launched 2023

Annual Cost

0.85%

#4,336 of 5,562 · expensive

Fund Size

$24M

#4,218 of 5,562 · small

Dividend YieldGoal

6.35%

Track Record

2 years

#3,350 of 5,562 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$10,748+7.5%

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

Classification

How Beacon categorizes this fund

Asset class

Alternative

Region

North america

Strategy

Structured outcome

Index tracked

S&P 500 Index

What it actually holds

By weight

Concentration

Top 9 holdings = 100.1% of fundconcentrated

CBOE GLOBAL MARKETS, INC.SPY 12 C0.06
110.5%
CBOE GLOBAL MARKETS, INC.SPY 12 C0.06
3.6%
Dreyfus Government Cash Management
1.3%
CBOE GLOBAL MARKETS, INC.SPY 12 P591.14
0.1%
CBOE GLOBAL MARKETS, INC.SPY 12 P591.14
0.0%
CBOE GLOBAL MARKETS, INC.SPY 12 P532.03
-0.0%
CBOE GLOBAL MARKETS, INC.SPY 12 P532.03
-0.0%
CBOE GLOBAL MARKETS, INC.SPY 12 C591.14
-0.5%
CBOE GLOBAL MARKETS, INC.SPY 12 C591.14
-14.9%

Asset allocation

Stocks
95.0%
Cash
2.9%
Bonds
2.0%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
2.9%Low

Year-on-year price swings

Max drawdown
-6.6%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 approximately 7.08% annualized income while offering a 10% buffer against Underlying ETF losses.
Strategy
Invests primarily in FLEX Options referencing the Underlying ETF and short-term U.S. Treasury securities. Employs a target outcome strategy to provide income and downside protection, resetting annually.
Inception date
December 15, 2023
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