XIDEFT Vest U.S. Equity Buffer & Premium Income ETF - December
Seeks to provide a consistent level of income of approximately 7.08% while providing a buffer against the first 10% of Underlying ETF losses.
By First Trust · Launched 2023
0.85%
#4,507 of 5,854 · expensive
$24M
#4,321 of 5,854 · small
2.48%
2 years
#3,265 of 5,854 · seasoned
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 = 108.9% 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 a consistent level of income of approximately 7.08% while providing a buffer against the first 10% of Underlying ETF losses.
- Strategy
- Invests in FLEX Options and short-term U.S. Treasury securities to provide a consistent income level of approximately 7.08% while buffering against the first 10% of Underlying ETF losses. Employs a target outcome strategy to achieve these investment outcomes over the Target Outcome Period.
- Inception date
- December 15, 2023
- 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 2026-08-03