ETF Evaluator:
FT Vest US Eq Enh&Mod Bffr ETF June (XJUN)
Follow This ETF
(as of Jul 31)
Best Performing in Defined Outcome Over the Last Year
| 25.4% | Innovator U.S. Small Cp Pwr Buf ETF -Feb (KFEB) |
| 24.6% | Innovator U.S. Small Cp Pwr Buf ETF -Nov (KNOV) |
| 23.6% | Innovator Russell 2000 Pwr Bffr ETF Apr (KAPR) |
| 23.5% | Innovator U.S. Small Cp Pwr Buf ETF -Mar (KMAR) |
| 23.4% | FT Vest Emerging Mkts Buffr ETF - Mar (TMAR) |
Risk
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Risk
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ETF Details
FT Vest US Eq Enh&Mod Bffr ETF June Overview
FT Vest US Eq Enh&Mod Bffr ETF June (XJUN) is an actively managed Nontraditional Equity Defined Outcome exchange-traded fund (ETF). First Trust launched the ETF in 2021.
The investment seeks to provide investors with returns of approximately twice any positive price return of the SPDR® S&P 500® ETF Trust.
Under normal market conditions, the fund will invest substantially all of its assets in FLexible EXchange® Options ("FLEX Options") that reference the price performance of the SPDR® S&P 500® ETF Trust. FLEX Options are customized equity or index option contracts that trade on an exchange, but provide investors with the ability to customize key contract terms like exercise prices, styles and expiration dates. It is non-diversified.
About FT Vest US Eq Enh&Mod Bffr ETF June (XJUN)
There are 2 members of the management team with an average tenure of 3.23 years: Karan Sood (2021) and Trevor Lack (2025). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 1 primary benchmark: S&P 500 (TR) index with a weighting of 100%. FT Vest US Eq Enh&Mod Bffr ETF June has 7 securities in its portfolio. The top 10 holdings constitute 125.9% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
FT Vest US Eq Enh&Mod Bffr ETF June is part of the Equity global asset class and is within the Nontraditional Equity ETF group. FT Vest US Eq Enh&Mod Bffr ETF June has 0.5% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 98.1% There is 0.5% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). FT Vest US Eq Enh&Mod Bffr ETF June has 1.4% of the portfolio in cash.
Assets Under Management
The fund has $136 million in total assets, which is below the $185 million average for the Defined Outcome category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
XJUN Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The FT Vest US Eq Enh&Mod Bffr ETF June expense ratio is high compared to funds in the Defined Outcome category. FT Vest US Eq Enh&Mod Bffr ETF June has an expense ratio of 0.85%, which is 18% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. FT Vest US Eq Enh&Mod Bffr ETF June has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 3% for the Defined Outcome category.
Recently, in the month of June 2026, FT Vest US Eq Enh&Mod Bffr ETF June returned 0.2%, which earned it a grade of B, as the Defined Outcome category had an average return of 0.1%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
FT Vest US Eq Enh&Mod Bffr ETF June has a trailing yield of 0.00%, which is below the 0.48% category average.
The fund normally distributes its income annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
FT Vest US Eq Enh&Mod Bffr ETF June Grades
Year to date, the ETF has returned 3.2%, 2.3 percentage points worse than the category, which translates into a grade of D. The fund has returned 8.1% over the past year (grade of D) and 10.0% over the past three years (grade of F).
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XJUN Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| XJUN Return (NAV) | 0.2% | 3.2% | 8.1% | 10.0% | na | na |
| XJUN Return (Price) | 0.3% | 3.4% | 8.2% | 9.9% | na | na |
| NAV +/- Price Return | -0.090% | -0.183% | -0.045% | 0.044% | na | na |
| Defined Outcome Avg | 0.1% | 6.6% | 12.2% | 12.4% | 8.7% | na |
| XJUN Grade (NAV) | B | F | D | F | na | na |
| +/- Category (NAV) | 0.1% | -3.4% | -4.1% | -2.4% | na | na |
| XJUN Tax-Cost Ratio | na | na | 0.0% | 0.0% | na | na |
XJUN Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| XJUN Return (NAV) | 3.2% | 11.1% | 10.1% | 14.9% | -0.2% | na | na | na | na | na | na |
| XJUN Return (Price) | 3.4% | 11.2% | 10.0% | 14.6% | 0.0% | na | na | na | na | na | na |
| NAV +/- Price Ret | 0.066% | 0.012% | -0.014% | -0.021% | -1.197% | na | na | na | na | na | na |
| Defined Outcome Avg | 5.6% | 11.3% | 12.4% | 18.5% | -8.8% | 9.7% | 7.7% | 16.4% | -6.7% | 15.8% | na |
| XJUN Grade (NAV) | D | C | D | D | A | na | na | na | na | na | na |
| +/- Category | -2.3% | -0.3% | -2.3% | -3.6% | 8.5% | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | 0.30 |
| R-Squared: | 74% |
| Standard Deviation: | 4.6% |
| Category Risk Index: | 0.61 |
| Category Risk Rating: | Low |
| Total Risk Index: | 0.38 |
| Total Risk Rating: | Low |
| Portfolio Characteristics | |
| Yield: | 0.0% |
| Total Assets: | $ 136 Mil |
| Share Class Assets: | $ 136 Mil |
| Turnover: | 0.0% |
| Expense Ratio: | 0.85% |
| Index Fund: | No |
| Index Tracked: | S&P 500 (TR) |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 5.0 years | |||
| Average Tenure: 3.2 years | |||
| Managers (Year): Sood Karan (2021), Lack Trevor (2025) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 7 |
| % in Top 10 Holdings: | 125.9% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 0.5% |
Portfolio Allocation |
|
| Domestic Stock: | 98.1% |
| Foreign Stock: | 0.5% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 1.4% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | First Trust |
| Phone Number: | 800-621-1675 |
| Website: | |
| Inception Date: | July 12, 2021 |
Expenses and Fees
| Expense Ratio (%): | 0.85% (Rating: High) |
| Category Average Expense Ratio (%): | 0.72% |
