First Trust Adds To Buffer ETF Families

The new ETFs are tied to the performance of the Nasdaq-100 and MSCI EAFE indexes.

Reviewed by: Heather Bell
Edited by: Heather Bell

Today, First Trust rolled out two more ETFs for its defined outcome family, adding to two previously established series. The FT Cboe Vest Growth-100 Buffer ETF - June (QJUN) and the FT Cboe Vest International Equity Buffer ETF - June (YJUN) both use flexible exchange (FLEX) options to provide exposure to the performance of the two funds’ respective referenced ETFs, the Invesco QQQ Trust (QQQ) and the iShares MSCI EAFE ETF (EFA).

Both funds come with expense ratios of 0.90% and list on Cboe Global Markets.

QJUN will mimic the price return of QQQ, with an upside cap of 13.00% and buffered protection against losses up to 10%. Meanwhile, YJUN replicates the price return of EFA, with an upside cap of 11.81% and buffered protection against losses up to 10%. Both funds reset their buffers and establish new caps annually.

The two new funds join two other similar pairs of ETFs that reset at the start of March and December.

Contact Heather Bell at [email protected]

Heather Bell is a former managing editor of She has also held editorial positions at Dow Jones Indexes and Lehman Brothers. Bell is a graduate of Dartmouth college and resides in the Denver area with her two dogs.