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XIJNFT Vest U.S. Equity Buffer & Premium Income ETF - June

Stay safeGrow my money2y track recordRanked #244 of 364 in this goal

Seeks to provide a consistent level of income of approximately 7.61% while providing a buffer against the first 10% of Underlying ETF losses.

By First Trust · Launched 2024

Annual Cost

0.85%

#4,514 of 5,861 · expensive

Fund Size

$51M

#3,619 of 5,861 · mid-size

Dividend YieldGoal

3.97%

Track Record

2 years

#3,542 of 5,861 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$10,657+6.6%

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

What's inside

How Beacon categorizes this fund

Asset class

Alternative

Strategy

Structured outcome

Index tracked

S&P 500 Index

What it actually holds

By weight

Concentration

Top 10 holdings = 117.6% of fundconcentrated

CBOE GLOBAL MARKETS, INC.SPY 6 C0.06
74.7%
CBOE GLOBAL MARKETS, INC.SPY 6 C0.06
33.1%
CBOE GLOBAL MARKETS, INC.SPY 6 C0.06
5.8%
CBOE GLOBAL MARKETS, INC.SPY 6 P594.27
0.7%
Dreyfus Government Cash Management Funds
0.7%
United States Treasury Bills
0.6%
United States Treasury Bills
0.6%
United States Treasury Bills
0.6%
United States Treasury Bills
0.6%
CBOE GLOBAL MARKETS, INC.SPY 6 P594.27
0.3%

Asset allocation

Stocks
92.1%
Bonds
5.5%
Cash
2.4%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
2.0%Low

Year-on-year price swings

Max drawdown
-4.7%Mild

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 a consistent level of income of approximately 7.61% while providing a buffer against the first 10% of Underlying ETF losses.
Strategy
Invests primarily in FLEX Options and U.S. Treasury securities to provide a buffer against the first 10% of Underlying ETF losses while targeting a consistent income level of approximately 7.61% annualized. Employs a target outcome strategy to achieve these investment outcomes over the Target Outcome Period.
Inception date
June 21, 2024
Fund family
First Trust

Our take

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

Buffer
Warning

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