BFJA ETF — Holdings & Analysis

The FT Vest Bitcoin Strategy Floor15 ETF - January (BFJA) is a multi-asset ETF from First Trust, launched on January 9, 2026.

With an expense ratio of 0.90%, BFJA aims to match the price return of a Bitcoin Reference Instrument, up to a predetermined upside cap of 28.06%, while providing a maximum loss of 15% of Bitcoin Reference Instrument losses, over the period from January 12, 2026 through January 8, 2027. The fund has an AUM of $0.00B and a NAV of $18.56.

FT Vest Bitcoin Strategy Floor15 ETF - January (BFJA) ETF — Price, Holdings & Analysis

The FT Vest Bitcoin Strategy Floor15 ETF - January (BFJA) is a multi-asset ETF from First Trust, launched on January 9, 2026. With an expense ratio of 0.90%, BFJA aims to match the price return of a Bitcoin Reference Instrument, up to a predetermined upside cap of 28.06%, while providing a maximum loss of 15% of Bitcoin Reference Instrument losses, over the period from January 12, 2026 through January 8, 2027. The fund has an AUM of $0.00B and a NAV of $18.56.

ETF Overview

The investment objective of the FT Vest Bitcoin Strategy Floor15 ETF - January (the "Fund") is to seek to provide investors with returns (before fees and expenses) that match the price return of a reference asset which seeks to reflect generally (before fees and expenses) the performance of the price of bitcoin (the "Bitcoin Reference Instrument"), up to a predetermined upside cap of 28.06% (before fees and expenses) while providing a maximum loss of 15% (before fees and expenses) of Bitcoin Reference Instrument losses, over the period from January 12, 2026 through January 8, 2027.

The FT Vest Bitcoin Strategy Floor15 ETF - January (BFJA) seeks to provide investors with returns that match the price return of a Bitcoin Reference Instrument, with a capped upside and a defined downside protection. The fund's objective is to reflect the performance of the price of bitcoin, up to a predetermined upside cap of 28.06% (before fees and expenses), while limiting losses to a maximum of 15% (before fees and expenses) of Bitcoin Reference Instrument losses, over the period from January 12, 2026 through January 8, 2027. This strategy makes it suitable for investors seeking exposure to Bitcoin's price movements with a degree of risk management. BFJA achieves this through a multi-asset approach, primarily investing in 'Other' assets, with 100% allocation. This ETF is designed for investors who want to participate in potential Bitcoin gains while mitigating potential losses within a specific timeframe.

Risk Metrics

BFJA's risk profile is unique due to its capped upside and downside protection strategy related to Bitcoin's price movements. The fund's beta is 0.00, indicating it has no correlation to the market. The 0.90% expense ratio can create a drag on returns, especially if Bitcoin's price does not move significantly within the defined period. The fund's concentration in 'Other' assets (100%) introduces concentration risk, as its performance is entirely dependent on the specific instruments used to track the Bitcoin Reference Instrument. Investors should carefully consider the potential impact of these factors on the fund's overall performance.

Expense Ratio

0.90%

How Is the Fund Allocated?

Country	Weight
Other	100.0%

Dividend Yield

0.00%

JPMorgan Flexible Income ETF (JFLI) — 0.35% expense ratio
FT Vest Laddered Buffer ETF (BUFR) — 0.95% expense ratio
State Street Income Allocation ETF (INKM) — 0.50% expense ratio
iShares LifePath Retirement ETF (IRTR) — 0.08% expense ratio
FT Vest U.S. Equity Moderate Buffer ETF - June (GJUN) — 0.85% expense ratio
FT Vest U.S. Equity Deep Buffer ETF - March (DMAR) — 0.85% expense ratio
FT Vest 20+ Year Treasury & Target Income ETF (LTTI) — 0.65% expense ratio
FT Vest U.S. Small Cap Moderate Buffer ETF - November (SNOV) — 0.90% expense ratio

First Trust RiverFront Dynamic Emerging Markets ETF (RFEM) (International Equity) — 0.99% expense ratio
FT Energy Income Partners Enhanced Income ETF (EIPI) (Sector Equity) — 1.11% expense ratio
First Trust Europe AlphaDEX Fund (FEP) (International Equity) — 0.80% expense ratio
First Trust Emerging Markets Small Cap AlphaDEX Fund (FEMS) (International Equity) — 0.80% expense ratio
First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN) (Sector Equity) — 0.56% expense ratio
First Trust Developed Markets ex-US AlphaDEX Fund (FDT) (International Equity) — 0.80% expense ratio

Risk Metrics

Beta: 0.00

Questions & Answers

What is BFJA and what does it track?

The FT Vest Bitcoin Strategy Floor15 ETF - January (BFJA) is a multi-asset ETF managed by First Trust.

Launched in January 2026, BFJA aims to replicate the price return of a Bitcoin Reference Instrument, providing a capped upside of 28.06% and a maximum loss of 15% over a defined period from January 12, 2026, to January 8, 2027.

What is the expense ratio for BFJA?

The FT Vest Bitcoin Strategy Floor15 ETF - January (BFJA) has an expense ratio of 0.90%. This means that for every $1000 invested, $9.00 is used to cover the fund's operating expenses.

What are the top holdings in BFJA?

As of 2026-03-15, the FT Vest Bitcoin Strategy Floor15 ETF - January (BFJA) invests 100% of its assets in 'Other' holdings.

The specific underlying assets within this category are not further detailed, but they are designed to track the Bitcoin Reference Instrument.

Is BFJA a good long-term investment?

The FT Vest Bitcoin Strategy Floor15 ETF - January (BFJA) is designed for a specific investment period, from January 12, 2026, to January 8, 2027, due to its capped upside and downside protection strategy.

Its suitability as a long-term investment depends on an investor's objectives and risk tolerance within that timeframe.

How does BFJA compare to similar ETFs?

BFJA differentiates itself through its capped upside (28.06%) and downside protection (15%) strategy related to Bitcoin's price movements. Unlike traditional Bitcoin ETFs that directly track the cryptocurrency, BFJA aims to provide a more controlled risk profile over a specific period.

Its expense ratio is 0.90%. The fund's AUM is $0.00B.

Does BFJA pay dividends?

According to the provided data, the FT Vest Bitcoin Strategy Floor15 ETF - January (BFJA) has a dividend yield of 0.00%. This indicates that the fund does not currently distribute any dividends to its shareholders.

Investors seeking income-generating investments may want to consider other ETFs with a history of dividend payments. The fund's primary focus is on capital appreciation through tracking Bitcoin's price movements within defined limits.