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Launched · SEC filings

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

JUNMCboeFirst TrustC

$35.45−0.01 (−0.03%)

As of Nov 2, 2026, 1:27 PM ET

C43/ 100

Rank 14 of 20 in S&P 500 Max Buffer

C43/100Rank 14 of 20inS&P 500 Max Buffer
Intraday session: down, 43 prints from 35.46 to 35.45. Range 35.45 to 35.46. Use the arrow keys to read each point.35.4535.4535.4635.4610 AM12 PM2 PM4 PM
Expense ratio
0.85%
Fund size
$67M
1Y total return
+4.4%
Yield · Last 12 months
No data
Holdings
3
Avg volume · 30D
4.58K sh
52W range
low $33.77high $35.59
Launched
Filings
SEC EDGAR

The ETF.net JUNM Grade

Based on 5 of 6 pillars

C

Score 43 out of 100

Category
S&P 500 Max Buffer⁠
Rank
14 of 20
Six-pillar profile for JUNM. Scores out of 100: Cost 21, Risk 36, Mission not scored, Tradability 81, Holdings 68, Durability 86. Strongest: Durability (86). Weakest: Cost (21). Based on 5 of 6 pillars.

Score 43 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.
    F21 out of 100
    Rank 12 of 20

  • 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.
    D36 out of 100
    Rank 18 of 20

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A81 out of 100
    Rank 3 of 20

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B68 out of 100
    Rank 1 of 4

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A86 out of 100
    Rank 3 of 20

Our read on JUNM

ETF.net Research

In short

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

  • Simple 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
  • Cap and buffer are rebuilt with fresh options every June, so terms are repriced each year instead of frozen at launch.ftportfolios.com
  • What'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

  • The 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.
  • At 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.
  • Headline 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 Performance

Launched Jun 21, 2024

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.Not enough history yet.Not enough history yet.
JUNM$10,445
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. JUNM $10,445. 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 JUNM. Periods over one year show the average yearly return.
PeriodJUNM
Year to date+3.6%
1 month+0.1%
3 months+0.9%
1 year+4.4%
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
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 JUNM
YearReturn barJUNM
2026 YTD+3.6%
2025+7.8%
2024+4.0%

History from Jun 24, 2024

JUNM in the news

JUNM Dividends

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

No distributions in the last 12 months.

JUNM Risk

Risk pillarD36 out of 100Rank 18 of 20 in S&P 500 Max Buffer
How much the fund’s monthly returns vary, scaled to a year.
3.2%
Annualised · 28 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.
0.70
vs 3-month T-bills · 28 months 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.
−5.4%
28 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.

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

JUNM Cost

Compare JUNM and PMJN

Overpaying vs PMJN, tied cheapest in S&P 500 Max Buffer

$6,220

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

  • JUNM 0.85%

    $16,199

  • PMJN 0.50% Tied cheapest

    $9,979

$10,000
30 years

Cost over time

  • JUNM 0.85%
  • PMJN 0.50%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530JUNM $16,199PMJN $9,979

Year by year

YearJUNMPMJNOverpaying
10$1,508$900$608
20$5,706$3,460$2,246
30$16,199$9,979$6,220

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