XNOVFT Vest U.S. Equity Enhance & Moderate Buffer ETF - November
Seeks to provide returns of approximately twice any positive price return of the SPDR S&P 500 ETF Trust, up to a cap of 11.06%, while providing a buffer against the first 15% of losses.
By First Trust · Launched 2023
Annual Cost
0.85%
#4,678 of 6,040 · expensive
Fund Size
$57M
#3,621 of 6,040 · mid-size
Return (1Y)
+10.6%
Track Record
2 years
#3,230 of 6,040 · seasoned
Performance
Total-return NAV · USDGrowth of $10,000
$11,059+10.6%
Total-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundHoldings
By weightConcentration
Top 10 holdings = 114.6% of fundconcentrated
CBOE GLOBAL MARKETS, INC.SPY 11 C6.6
91.2%
CBOE GLOBAL MARKETS, INC.SPY 11 C659.04
9.3%
CBOE GLOBAL MARKETS, INC.SPY 11 C6.6
4.1%
CBOE GLOBAL MARKETS, INC.SPY 11 C6.6
4.1%
CBOE GLOBAL MARKETS, INC.SPY 11 P659.04
4.1%
Dreyfus Government Cash Management Funds
1.0%
CBOE GLOBAL MARKETS, INC.SPY 11 C659.04
0.4%
CBOE GLOBAL MARKETS, INC.SPY 11 C659.04
0.4%
CBOE GLOBAL MARKETS, INC.SPY 11 P560.19
-0.1%
CBOE GLOBAL MARKETS, INC.SPY 11 P560.19
-0.1%
Asset allocation
Stocks
99.4%
Cash
0.6%
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsVolatility (1Y)
4.3%Low
Year-on-year price swings
Max drawdown
-10.0%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 returns of approximately twice any positive price return of the SPDR S&P 500 ETF Trust, up to a cap of 11.06%, while providing a buffer against the first 15% of losses.
- Strategy
- Invests substantially all assets in FLEX Options referencing the SPDR S&P 500 ETF Trust to achieve a target outcome strategy. Seeks to provide a buffer against the first 15% of losses and enhanced returns of approximately twice any positive price return, capped at 11.06%.
- Inception date
- November 17, 2023
- Fund family
- First Trust
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Data updated on 2026-09-18