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JUNM

GradeCChicago Board Options Exchange

FT Vest U.S. Equity Max Buffer ETF - June

Buffered · First Trust · Inception 2024-06-21 · SEC filings

$35.37−0.08 (−0.23%)

As of Sep 23, 2026, 12:21 PM EDT

Market opens at 9:30 AM ET.History starts Jun 24, 2024.
Intraday session: up, 16 prints from 35.26 to 35.37. Range 35.26 to 35.45. Use the arrow keys to read each point.$35.25$35.30$35.40$35.45Sep 17Sep 18Sep 21Sep 22Sep 23
Expense ratio
0.85%
Fund size
$67M
1Y return
+4.9%
Yield · Last 12 months
—
Holdings
3
Volume · 30D
0M sh
NAV per share
$35.45
52W range
low $33.75high $35.49

The ETF.net JUNM Grade

C

44/ 100

Rank 12 of 20 in S&P 500 Max Buffer⁠

Confidence Medium

Six-pillar profile for JUNM. Scores out of 100: Cost 21, Risk 38, Mission not scored, Tradability 84, Holdings 69, Durability 86. Strongest: Durability (86). Weakest: Cost (21). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 44 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    FScore 21
    Category rank16/20 · bottom quartile

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    DScore 38
    Category rank17/20 · bottom quartile

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    AScore 84
    Category rank3/20 · top 15%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    BScore 69
    Category rank1/4 · top 25%

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    AScore 86
    Category rank3/20 · top 15%

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on JUNM

ETF.net Research

CMost buffer ETFs pick a number and defend it. This one chases the biggest buffer the options market will fund each June, then pays for it with a cap that leaves only a sliver of the S&P 500's upside.

Stated mandate

The Fund seeks to match the price return of the State Street SPDR S&P 500 ETF Trust up to a preset cap while seeking the maximum available downside buffer over roughly one year. For June 22, 2026–June 17, 2027, it seeks 100% loss buffering with a 7.33% cap before fees and expenses.

Why people hold it

  1. 01Simple mechanics: track SPY's price return up to a preset cap while seeking the maximum downside buffer available, over a roughly one-year period that resets each June.ftportfolios.com
  2. 02Cap and buffer are rebuilt with fresh options every June, so terms are repriced each year instead of frozen at launch.ftportfolios.com
  3. 03What's being buffered is SPY, the original S&P 500 tracker, so the underlying exposure is about as plain-vanilla as US equity gets.

Worth knowing

  1. 01The buffer is bought with upside: gains stop at the cap set each June, and the fund follows SPY's price only, so dividends don't feed your return.
  2. 02At 0.85% a year, it runs above the Calamos structured-protection series (CPSJ, CPSM, CPST) at 0.69%. Cost is where it trails its floor-fund peer group.
  3. 03Headline terms apply from the June start date, so a mid-period buyer gets a different cap and buffer. It's also a 2024 launch on the smaller, thinner-traded end of the shelf.

JUNM Holdings

As of Sep 21, 2026, 5:48 PM
Asset class
Other
Holdings
3
Top-10 weight
104%
Largest holding
2027-06-17 State Street® SPDR® S&P 500® ETF Trust C 7.4599.5%

Sectors

The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—2027-06-17 State Street® SPDR® S&P 500® ETF Trust C 7.4599.48%892$67M1
002—2027-06-17 State Street® SPDR® S&P 500® ETF Trust P 746.723.76%892$3M1
003—US Dollar0.95%636,180$636K394

Showing 1–3 of 3 holdings

JUNM Performance

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

JUNM$10,485
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. JUNM $10,485. SPY $11,723. Use the arrow keys to read each point.$9,353$10,646$11,940Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 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 JUNM. Periods over one year show the average yearly return.
PeriodJUNM
Year to date+3.5%
1 month+0.3%
3 months+1.1%
1 year+4.9%
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, 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 JUNM
YearReturn barJUNM
2026 YTD+3.5%
2025+7.8%
2024+4.0%

History from Jun 24, 2024

JUNM in the news

ETF.net Research hasn’t filed on JUNM yet — coverage lands here as it’s written.

JUNM Dividends

This fund pays no distributions.
—Last 12 months
Payout per share
—Last 12 months

No distributions in the last 12 months.

JUNM Risk

How much the fund’s monthly returns vary, scaled to a year.
3.3%
Annualised · 26 months to Aug 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.
0.79
vs 3-month T-bills · 26 months to Aug 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.
−5.4%
26 months · 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.
0.22
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.

JUNM Cost

Expense ratio0.85%
  • The middle half of S&P 500 Max Buffer funds
  • Median 0.52%

11 of the 20 S&P 500 Max Buffer funds charge less.

JUNM costs $85.00 a year on $10,000. The median S&P 500 Max Buffer fund costs $51.50.