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YSEP

GradeDChicago Board Options Exchange

FT Vest International Equity Moderate Buffer ETF - September

Buffered · First Trust · Inception 2021-09-17 · SEC filings

$28.47−0.28 (−0.97%)

As of Sep 23, 2026, 2:19 PM EDT

Intraday session: down, 37 prints from 28.75 to 28.47. Range 28.43 to 28.58. Use the arrow keys to read each point.$28.45$28.50$28.5510 AM12 PM2 PM4 PM
Expense ratio
0.90%
Fund size
$124M
1Y return
+12.9%
Yield · Last 12 months
—
Holdings
4
Volume · 30D
0M sh
NAV per share
$28.54
52W range
low $24.96high $28.78

The ETF.net YSEP Grade

D

36/ 100

Rank 21 of 26 in Developed International Buffer 15%⁠

Confidence Medium

Six-pillar profile for YSEP. Scores out of 100: Cost 6, Risk 58, Mission not scored, Tradability 63, Holdings 53, Durability 80. Strongest: Durability (80). Weakest: Cost (6). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 36 of 100 sits in the D 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 6
    Category rank26/26 · 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.
    BScore 58
    Category rank6/23 · top 26%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    BScore 63
    Category rank11/26 · top 42%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    CScore 53
    Category rank7/9 · bottom quartile

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    AScore 80
    Category rank8/26 · top 31%

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

Our read on YSEP

ETF.net Research

DA downside buffer pointed somewhere unusual: developed international stocks. YSEP tracks the price return of the iShares MSCI EAFE ETF, absorbs the first 15% of losses and caps the upside, then resets the whole deal every September.

Stated mandate

Seeks to match the price return of the iShares MSCI EAFE ETF, subject to a 13.14% upside cap and protection against the first 15% of losses during the September 22, 2025–September 18, 2026 outcome period.

Why people hold it

  1. 01Buffers the corner of the market most defined-outcome funds skip: developed Europe, Japan and Australia, via the iShares MSCI EAFE ETF rather than the S&P 500.ftportfolios.com
  2. 02The terms are written down before you buy: first 15% of losses absorbed, a stated cap, one year running September to September, built from FLEX options.ftportfolios.com
  3. 03Live since 2021, so this September series has rolled through several full reset cycles rather than one lucky stretch.

Worth knowing

  1. 01Fees run 0.90% a year, slightly above the 0.85% on the Innovator international buffer funds (ISEP, IJUL) aimed at the same index.
  2. 02It follows EFA's price return, so MSCI EAFE dividends stay outside the deal, and the options structure means income isn't what this fund is built to hand you.
  3. 03The stated buffer and cap belong to the full September window. Buy mid-period and your own numbers differ. Trading is thin, so spreads can widen.ftportfolios.com

YSEP Holdings

As of Sep 21, 2026, 5:47 PM
Asset class
Other
Holdings
4
Top-10 weight
104%
Largest holding
2027-09-17 iShares MSCI EAFE ETF C 1.0597.1%

Sectors

The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—2027-09-17 iShares MSCI EAFE ETF C 1.0597.08%11,793$120M1
002—2027-09-17 iShares MSCI EAFE ETF P 104.975.31%11,793$7M1
003—US Dollar1.24%1,532,813$2M394

Showing 1–3 of 3 holdings

YSEP Performance

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

YSEP$11,288
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. YSEP $11,288. 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 YSEP. Periods over one year show the average yearly return.
PeriodYSEP
Year to date+10.5%
1 month+1.5%
3 months+4.1%
1 year+12.9%
3 years+14.0%per year
5 years+7.6%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 YSEP
YearReturn barYSEP
2026 YTD+10.5%
2025+19.9%
2024+4.6%
2023+15.5%
2022−9.8%
2021+0.0%

History from Sep 21, 2021

YSEP in the news

YSEP Dividends

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

No distributions in the last 12 months.

YSEP Risk

How much the fund’s monthly returns vary, scaled to a year.
7.8%
Annualised · 36 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.
0.99
vs 3-month T-bills · 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.
−22.6%
Trough Sep 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.
0.44
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.

YSEP Cost

Expense ratio0.90%
  • The middle half of Developed International Buffer 15% funds
  • Median 0.85%

22 of the 26 Developed International Buffer 15% funds charge less.

YSEP costs $90.00 a year on $10,000. The median Developed International Buffer 15% fund costs $85.00.