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Launched · SEC filings

FT Vest U.S. Equity Buffer ETF - October

FOCTCboeFirst TrustC

$54.20−0.16 (−0.29%)

At close: Nov 2, 2026, 4:00 PM ET

C40/ 100

Rank 57 of 77 in S&P 500 Buffer 9-12%

C40/100Rank 57 of 77inS&P 500 Buffer 9-12%
Intraday session: down, 78 prints from 54.36 to 54.20. Range 54.19 to 54.74. Use the arrow keys to read each point.54.5054.6054.7010 AM12 PM2 PM4 PM
Expense ratio
0.85%
Fund size
$1.28B
1Y total return
+11.9%
Yield · Last 12 months
No data
Holdings
3
Avg volume · 30D
33.1K sh
52W range
low $46.63high $55.12
Launched
Filings
SEC EDGAR

The ETF.net FOCT Grade

Based on 5 of 6 pillars

C

Score 40 out of 100

Category
S&P 500 Buffer 9-12%⁠
Rank
57 of 77
Six-pillar profile for FOCT. Scores out of 100: Cost 11, Risk 47, Mission not scored, Tradability 70, Holdings 57, Durability 82. Strongest: Durability (82). Weakest: Cost (11). Based on 5 of 6 pillars.

Score 40 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.
    C47 out of 100
    Rank 49 of 77

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A70 out of 100
    Rank 14 of 77

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B57 out of 100
    Rank 24 of 45

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A82 out of 100
    Rank 11 of 77

Our read on FOCT

ETF.net Research

In short

COne of twelve month-dated buffer funds from First Trust, FOCT absorbs the first 10% of a year's decline in the SPDR S&P 500 fund it tracks, in exchange for an upside cap fixed each October. Index exposure with the sharp edges sanded down.

Stated mandate

The Fund seeks to match the price return of the State Street SPDR S&P 500 ETF Trust, subject to a 15.09% upside cap, while protecting the first 10% of losses during the October 20, 2025–October 16, 2026 target-outcome period.

Why people hold it

  • The trade is spelled out up front: the first 10% of the reference fund's price decline absorbed over the year, upside capped at a level set on the October reset day.ftportfolios.com
  • Twelve siblings, one per calendar month (FSEP, FNOV and the rest), so the reset date is a choice rather than a constraint, and the terms reset on the same schedule every year.
  • Running since 2020 and now a multi-billion-dollar fund, so this October dial has already rolled through a stack of full outcome periods.

Worth knowing

  • Buy mid-period and you inherit whatever cap and buffer are left that day, not the headline terms. The full deal belongs to whoever holds from one October reset to the next.ftportfolios.com
  • 0.85% a year sits on the higher side of its buffer-fund cohort, where the median is closer to 0.79%. Downside protection carries a sticker price.
  • The target is price return, so dividends from the underlying S&P 500 fund don't come along for the ride. This one has not been paying distributions.

FOCT Holdings

Holdings pillarB57 out of 100Rank 24 of 45 in S&P 500 Buffer 9-12%
Asset class
Other
Holdings
3
Top-10 weight
104%
Largest holding
2027-10-15 State Street® SPDR® S&P 500® ETF Trust C 7.6397.6%

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 data2027-10-15 State Street® SPDR® S&P 500® ETF Trust C 7.6397.63%16,836$1.25B1
2No data2027-10-15 State Street® SPDR® S&P 500® ETF Trust P 763.255.51%16,836$70.6M1
3No dataUS Dollar1.15%14,738,496$14.7M408

Showing 1–3 of 3 holdings

FOCT Performance

Launched Oct 16, 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.
FOCT$11,194
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. FOCT $11,194. 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 FOCT. Periods over one year show the average yearly return.
PeriodFOCT
Year to date+11.0%
1 month+0.5%
3 months+3.1%
1 year+11.9%
3 yearsper year+14.9%
5 yearsper year+9.2%
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 FOCT
YearReturn barFOCT
2026 YTD+11.0%
2025+14.9%
2024+9.6%
2023+17.8%
2022−7.6%
2021+13.1%
2020+6.4%

History from Oct 19, 2020

FOCT in the news

FOCT Dividends

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

No distributions in the last 12 months.

FOCT Risk

Risk pillarC47 out of 100Rank 49 of 77 in S&P 500 Buffer 9-12%
How much the fund’s monthly returns vary, scaled to a year.
7.6%
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.
1.30
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.
−14.1%
Trough Oct 2022
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.

FOCT Cost

Compare FOCT 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.

  • FOCT 0.85%

    $16,199

  • XTR 0.25% Cheapest

    $5,159

$10,000
30 years

Cost over time

  • FOCT 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$20K051015202530FOCT $16,199XTR $5,159

Year by year

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

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