FJUN vs SIXJ

FJUNCFT Vest U.S. Equity Buffer ETF - June

SIXJBAllianzIM U.S. Equity 6 Month Buffer10 Jan/Jul ETF

In short

FJUN First Trust's June-dated buffer fund. It follows the price return of the SPDR S&P 500 ETF Trust, absorbs the first 10% of a decline over each one-year period, and trades that cushion for an upside cap reset every June.

SIXJ Most buffer ETFs lock you into a 12-month cycle. SIXJ runs a six-month one, resetting each January and July: it tracks SPY's share-price move, absorbs the first 10% of losses, and takes a fresh upside cap twice a year.

Stated mandate

FJUN The Fund seeks to match the price return of the State Street SPDR S&P 500 ETF Trust before fees and expenses, subject to a 16.45% upside cap and protection against the first 10% of losses during the June 22, 2026–June 17, 2027 outcome period.

SIXJ The Fund seeks to match the share-price return of SPDR S&P 500 ETF Trust over a six-month outcome period, subject to an upside cap and protection against the first 10% of losses.

Why people hold it

• FJUN The contract is plain English: the fund takes the first 10% of a drop over the outcome period, and the ceiling on gains is set fresh at each June reset.ftportfolios.com
• One of twelve monthly-dated siblings on the same reference fund, so entry dates can be laddered across the calendar instead of hinging on one June-to-June window.
• Running since 2020 and among the larger funds in the buffer aisle, it has rolled through multiple full reset cycles in live markets.
• A standard 1940 Act ETF: ordinary brokerage account, no options approval, no margin agreement, no K-1 at tax time.

• SIXJ The 10% buffer and the cap reset every January 1 and July 1, so terms refresh twice a year instead of on the usual annual clock.
• 0.74% expense ratio, on the lean side for a defined-outcome fund and below the typical fee among its shallow-buffer peers.
• The reference asset is SPY itself, the original S&P 500 ETF, so the payoff is keyed to a plain vanilla benchmark rather than a bespoke index.
• Rates among the stronger implementations in a crowded shallow-buffer field, alongside AllianzIM's other six-month siblings like SIXZ and SIXD.

Worth knowing

• FJUN At 0.85% a year it sits toward the pricier end of the buffer shelf. Laddered and quarterly-reset rivals charge less (BUFB 0.10%, ZALT 0.69%).
• Buffer and cap are period math, not daily math. Buy mid-period and your real cushion and remaining headroom differ from the stated terms.
• It tracks price only, so S&P 500 dividends sit outside the return, distributions have not been part of the package, and losses past the first 10% are yours.

• SIXJ Buffer and cap are designed to work over the full six-month period. Buy mid-period and you get whatever cushion and upside room remain at that moment.
• It tracks SPY's share-price return, so dividends aren't passed through and the fund isn't structured to pay income.
• Volume is light next to the largest buffer funds, so bid-ask spreads can run wider, especially in fast-moving markets.

Full FJUN profile⁠

Full SIXJ profile⁠