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XIMRFT Vest U.S. Equity Buffer & Premium Income ETF - March

Get income2y track recordRanked #1,404 of 1,650 in this goal

Seeks to provide a consistent level of income of approximately 8.33% 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

$31M

#4,145 of 5,861 · small

Dividend YieldGoal

3.19%

Track Record

2 years

#3,401 of 5,861 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$10,777+7.8%

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 = 100.2% of fundconcentrated

CBOE GLOBAL MARKETS, INC.SPY 3 C0.06
114.3%
CBOE GLOBAL MARKETS, INC.SPY 3 C0.06
5.9%
Dreyfus Government Cash Management Funds
0.8%
United States Treasury Bills
0.5%
CBOE GLOBAL MARKETS, INC.SPY 3 P563.97
0.1%
CBOE GLOBAL MARKETS, INC.SPY 3 P563.97
0.0%
CBOE GLOBAL MARKETS, INC.SPY 3 P507.57
-0.0%
CBOE GLOBAL MARKETS, INC.SPY 3 P507.57
-0.0%
CBOE GLOBAL MARKETS, INC.SPY 3 C563.97
-1.6%
CBOE GLOBAL MARKETS, INC.SPY 3 C563.97
-19.8%

Asset allocation

Stocks
93.0%
Bonds
4.1%
Cash
2.9%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
2.1%Low

Year-on-year price swings

Max drawdown
-5.1%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 8.33% while providing a buffer against the first 10% of Underlying ETF losses.
Strategy
Invests substantially all assets in FLEX Options referencing the Underlying ETF and U.S. Treasury securities to provide a buffer against the first 10% of losses while targeting an annualized income of approximately 8.33%. The strategy is designed for investors holding shares through the entire Target Outcome Period.
Inception date
March 18, 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