Fund Evaluator:
Vest US Large Cap 20% Buffer Strats Inv (ENGLX)
Follow This Fund
Best Performing in Defined Outcome Over the Last Year
| 14.4% | Vest US Large Cap 10% Buffer Strats Inv (BUMGX) |
| 9.4% | Vest US Large Cap 20% Buffer Strats Inv (ENGLX) |
Fund Details
Vest US Large Cap 20% Buffer Strats Inv Overview
Vest US Large Cap 20% Buffer Strats Inv (ENGLX) is an actively managed Nontraditional Equity Defined Outcome fund. CBOE Vest launched the fund in 2017.
The investment seeks to provide investors with capital appreciation. Under normal market conditions, the fund will invest at least 80% of the value of its net assets (the “80% Test”) in a portfolio, or other investment companies that hold a portfolio, of FLEX Options linked to the index and that are designed to replicate the returns of the twelve 20% Buffer Strategies. The fund is non-diversified.
About Vest US Large Cap 20% Buffer Strats Inv (ENGLX)
There are 2 members of the management team with an average tenure of 5.43 years: Karan Sood (2016), Trevor Lack (2025). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and MerQube US 20% Buffer Laddered TR USD index with a weighting of 100%. Vest US Large Cap 20% Buffer Strats Inv has 39 securities in its portfolio. The top 10 holdings constitute 108.5% of the fund’s assets. The fund meets the SEC requirement of being classified as a nondiversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Vest US Large Cap 20% Buffer Strats Inv is part of the Equity global asset class and is within the Nontraditional Equity fund group. Vest US Large Cap 20% Buffer Strats Inv has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 99.4%. There is 0.0% 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). Vest US Large Cap 20% Buffer Strats Inv has 0.6% of the portfolio in cash.
Assets Under Management
The fund has $12 million in total assets, which is below the $54 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.
ENGLX 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 Vest US Large Cap 20% Buffer Strats Inv expense ratio is high compared to funds in the Defined Outcome category. Vest US Large Cap 20% Buffer Strats Inv has an expense ratio of 1.20%, which is the same as its category average, making the fund expense ratio grade a C. 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. Vest US Large Cap 20% Buffer Strats Inv has a portfolio turnover rate of 77%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 80% for the Defined Outcome category.
Recently, in the month of June 2026, Vest US Large Cap 20% Buffer Strats Inv returned 0.2%, which earned it a grade of B, as the Defined Outcome category had an average return of 0.2%. 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 funds in that category.
Vest US Large Cap 20% Buffer Strats Inv has a trailing yield of 0.00%, which is above the 0.00% category average. The fund normally distributes its income annually and its capital gains 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.
Vest US Large Cap 20% Buffer Strats Inv Grades
Year to date, the fund has returned 4.2%, 1.1 percentage points worse than the category, which translates into a grade of D. The fund has returned 9.4% over the past year (grade of D), 9.3% over the past three years (grade of D) and 7.5% per year over the past five years (grade of C).
For more mutual fund grades, analysis and screening tools to help your investment discovery, join AAII for a $2, full-access trial. Learn more here: https://invest.aaii.com/membership.
Otherwise, for more information about Vest US Large Cap 20% Buffer Strats Inv, including its riskiness, submit your email to unlock the rest of the article.
Gain access to exclusive AAII member-only content.
ENGLX 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 |
|
| ENGLX Return (NAV) | 0.2% | 5.0% | 9.4% | 9.3% | 7.5% | na |
| ENGLX Grade | B | F | D | D | C | na |
| +/- Category | 0.1% | -1.8% | -2.5% | -1.9% | -0.4% | na |
| Defined Outcome Avg | 0.2% | 6.9% | 11.9% | 11.1% | 7.9% | na |
| ENGLX Tax Cost Ratio | na | na | 0.0% | 0.0% | 3.1% | na |
ENGLX Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| ENGLX Return (NAV) | 4.2% | 8.5% | 10.2% | 13.6% | -3.1% | 13.7% | 13.4% | 30.3% | -7.2% | 18.8% | na |
| ENGLX Grade | D | F | D | F | A | C | B | B | D | B | na |
| +/- Category | -1.1% | -1.4% | -2.5% | -2.6% | 5.2% | 0.1% | 1.7% | 6.4% | -2.3% | 3.7% | na |
| Defined Outcome Avg | 5.3% | 9.9% | 12.7% | 16.2% | -8.3% | 13.6% | 11.7% | 23.9% | -4.9% | 15.1% | na |
| Risk Measures | |
| Standard Deviation: | 5.0% |
| Total Risk Index: | 0.41 - Low |
| Category Risk Index: | 0.75 - Low |
| Category Risk Grade: | A (10% Rank) |
| Beta: | 0.35 |
| R-Squared: | 86% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | na |
| Bond Investment Style: | na |
| Yield: | 0.0% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $131 Mil |
| Fund Total Assets: | $ 12 Mil |
| Share Class Type: | Inv |
| Portfolio Turnover: | 77% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 9.5 years | |||
| Average Tenure: 5.4 years | |||
| Managers (Year): Sood Karan (2016), Lack Trevor (2025) | |||
Portfolio Composition (as of 4/30/26)
| # of Holdings: | 39 |
| % in Top 10 Holdings: | 108.5% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 99.4% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.6% |
Purchase Information
| Fund Family: | CBOE Vest |
| Phone Number: | 855-505-8378 |
| Website: | www.theworldfundstrust.com |
| Status: | Open |
| Inception Date: | January 31, 2017 |
| Min. Initial Purchase: | $1,000 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 2.00% |
| 12b-1 Fee: | 0.25% |
Expenses and Fees | |
| Expense Ratio (%): | 1.20% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.20% |
| Share Class: | Vest US Large Cap 20% Buffer Strats Inst |
| Min. Subsequent Purchase: | $ 100 |
| Min. Subsequent IRA Purchase: | $ 0 |
