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Launched

FT Vest U.S. Equity Buffer ETF - July

FJULCboeFirst TrustC

$60.73−0.28 (−0.45%)

As of Nov 2, 2026, 3:59 PM ET

C46/ 100

Rank 44 of 77 in S&P 500 Buffer 9-12%

C46/100Rank 44 of 77inS&P 500 Buffer 9-12%
Intraday session: down, 78 prints from 61.01 to 60.73. Range 60.73 to 61.35. Use the arrow keys to read each point.60.9061.1061.2061.3010 AM12 PM2 PM4 PM
Expense ratio
0.85%
Fund size
$1.41B
1Y total return
+10.5%
Yield · Last 12 months
No data
Holdings
3
Avg volume · 30D
48.5K sh
52W range
low $53.53high $62.10
Launched

The ETF.net FJUL Grade

Based on 5 of 6 pillars

C

Score 46 out of 100

Category
S&P 500 Buffer 9-12%⁠
Rank
44 of 77
Six-pillar profile for FJUL. Scores out of 100: Cost 11, Risk 58, Mission not scored, Tradability 82, Holdings 65, Durability 85. Strongest: Durability (85). Weakest: Cost (11). Based on 5 of 6 pillars.

Score 46 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F11 out of 100
    Rank 60 of 77

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B58 out of 100
    Rank 27 of 77

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A82 out of 100
    Rank 7 of 77

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B65 out of 100
    Rank 10 of 45

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A85 out of 100
    Rank 7 of 77

Our read on FJUL

ETF.net Research

In short

CThe July rung of First Trust's twelve-month buffer ladder: 10% of SPY's price-return losses absorbed, upside capped, and the whole contract reset each July. Running since 2020.

Stated mandate

The Fund seeks returns matching the price return of the State Street SPDR S&P 500 ETF Trust up to a 16.82% upside cap, while buffering the first 10% of losses during the July 20, 2026–July 16, 2027 outcome period.

Why people hold it

  • The terms are written down before you show up: a 10% downside buffer on SPY's price return and a stated upside cap, both fixed for the July-to-July outcome period.ftportfolios.com
  • Twelve identical monthly siblings run on the same recipe (FJAN through FDEC), so start dates can be laddered instead of hinging on one July entry.
  • Live since 2020 and now a billion-dollar-plus fund, it is a seasoned rung of the ladder with many annual resets behind it.

Worth knowing

  • At 0.85% a year it sits above the buffer group's 0.79% median, and well above cheaper builds like ZALT (0.69%) or the laddered BUFB (0.10%).
  • The reference is SPY's price return, so dividends sit outside the buffered math, and the fund itself has made no distributions.
  • Buffer and cap are defined for the full July-to-July window; buy mid-period and your own cap and remaining buffer differ from the headline terms.ftportfolios.com

FJUL Holdings

Holdings pillarB65 out of 100Rank 10 of 45 in S&P 500 Buffer 9-12%
Asset class
Other
Holdings
3
Top-10 weight
103%
Largest holding
2027-07-16 State Street® SPDR® S&P 500® ETF Trust C 7.4398.1%

Sectors

  • Technology40.1%
  • Financials11.3%
  • Communication9.9%
  • Health Care9.4%
  • Consumer Discretionary8.7%
  • Industrials7.6%
  • Consumer Staples4.4%
  • Energy3.4%
  • Utilities1.9%
  • Real Estate1.7%
  • Materials1.6%

Geography

  • United States99.53%
  • Switzerland0.26%
  • China0.10%
  • Mexico0.05%
  • Ireland0.03%
  • United Kingdom0.03%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1No data2027-07-16 State Street® SPDR® S&P 500® ETF Trust C 7.4398.08%18,639$1.39B1
2No data2027-07-16 State Street® SPDR® S&P 500® ETF Trust P 743.294.13%18,639$58.3M1
3No dataUS Dollar0.92%13,031,707$13M408

Showing 1–3 of 3 holdings

FJUL Performance

Launched Jul 17, 2020

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.
FJUL$11,049
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. FJUL $11,049. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for FJUL. Periods over one year show the average yearly return.
PeriodFJUL
Year to date+9.1%
1 month−0.3%
3 months+1.5%
1 year+10.5%
3 yearsper year+17.3%
5 yearsper year+11.1%
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for FJUL
YearReturn barFJUL
2026 YTD+9.1%
2025+14.2%
2024+17.7%
2023+21.3%
2022−6.2%
2021+10.8%
2020+8.3%

History from Jul 20, 2020

FJUL in the news

FJUL Dividends

This fund pays no distributions.
No dataLast 12 months
Payout per share
No dataLast 12 months

No distributions in the last 12 months.

FJUL Risk

Risk pillarB58 out of 100Rank 27 of 77 in S&P 500 Buffer 9-12%
How much the fund’s monthly returns vary, scaled to a year.
7.8%
Annualised · 36 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
1.53
vs 3-month T-bills · to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−13.1%
Trough Apr 2025
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.64
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

FJUL Cost

Compare FJUL and XTR

Overpaying vs XTR, cheapest in S&P 500 Buffer 9-12%

$11,040

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • FJUL 0.85%

    $16,199

  • XTR 0.25% Cheapest

    $5,159

$10,000
30 years

Cost over time

  • FJUL 0.85%
  • XTR 0.25%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530FJUL $16,199XTR $5,159

Year by year

YearFJULXTROverpaying
10$1,508$455$1,053
20$5,706$1,769$3,937
30$16,199$5,159$11,040

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