---
ticker: "FSEP"
name: "FT Vest U.S. Equity Buffer ETF - September"
url: "https://etf.net/etf/FSEP"
grade: "C"
score: 45
graded_at: "2026-10-12"
category: "S&P 500 Buffer 9-12%"
category_rank: "45 of 77"
methodology: "https://etf.net/methodology"
---

# FSEP: FT Vest U.S. Equity Buffer ETF - September

Grade **C**, Score 45 of 100. Rank 45 of 77 in S&P 500 Buffer 9-12%.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 11 | 60 of 77 |
| Mission | Not scored | — |
| Risk | 52 | 37 of 76 |
| Tradability | 86 | 3 of 77 |
| Holdings | 56 | 24 of 44 |
| Durability | 83 | 10 of 77 |

## Top holdings

The fund holds 3 positions. These are the largest 3, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | — | 2027-09-17 State Street® SPDR® S&P 500® ETF Trust C 7.62 | 98.99% |
| 2 | — | 2027-09-17 State Street® SPDR® S&P 500® ETF Trust P 761.69 | 4.23% |
| 3 | — | US Dollar | 1.07% |

Source: etf.net, https://etf.net/etf/FSEP. Please cite the page URL.