GJUN ETF — Holdings & Analysis

The FT Vest U.S. Equity Moderate Buffer ETF - June (GJUN) is a multi-asset ETF with $0.33B in assets under management.

GJUN aims to replicate the price return of the SPDR S&P 500 ETF Trust, subject to a 12.37% upside cap, while buffering against the first 15% of losses. This unique approach makes it attractive for investors seeking downside protection with moderate growth potential. However, the fund carries a relatively high expense ratio of 0.85%. Past performance does not guarantee future results.

FT Vest U.S. Equity Moderate Buffer ETF - June (GJUN) ETF — Price, Holdings & Analysis

The FT Vest U.S. Equity Moderate Buffer ETF - June (GJUN) is a multi-asset ETF with $0.33B in assets under management. GJUN aims to replicate the price return of the SPDR S&P 500 ETF Trust, subject to a 12.37% upside cap, while buffering against the first 15% of losses. This unique approach makes it attractive for investors seeking downside protection with moderate growth potential. However, the fund carries a relatively high expense ratio of 0.85%. Past performance does not guarantee future results.

ETF Overview

The investment objective of the FT Vest U.S. Equity Moderate Buffer ETF - June ("the Fund") is to seek to provide investors with returns (before fees and expenses) that match the price return of the SPDR S&P 500 ETF Trust (the "Underlying ETF"), up to a predetermined upside cap of 12.37% while providing a buffer (before fees and expenses) against the first 15% of Underlying ETF losses, over the period from June 23, 2025 to June 18, 2026.

GJUN, the FT Vest U.S. Equity Moderate Buffer ETF - June, seeks to provide investors with returns that correspond to the price return of the SPDR S&P 500 ETF Trust, up to a predetermined upside cap. Specifically, GJUN offers a 12.37% upside cap while providing a buffer against the first 15% of losses of the Underlying ETF, over the period from June 23, 2025 to June 18, 2026. This strategy is implemented through a combination of options contracts and holdings in the SPDR S&P 500 ETF Trust. The ETF's sector allocation mirrors that of the S&P 500, with significant exposure to Technology (33.6%), Financial Services (12.5%), and Communication Services (10.5%). This ETF is designed for investors looking for a balance between growth and downside protection within the U.S. equity market. The fund's country exposure is focused entirely on the U.S. (100%).

Risk Metrics

GJUN's risk profile is shaped by its unique buffered strategy. While the 15% downside buffer offers protection against market declines, the 12.37% upside cap limits potential gains. The fund's sector allocation, with a significant weighting in Technology (33.6%), exposes it to sector-specific risks. The expense ratio of 0.85% can create a drag on performance, especially in periods of moderate returns. Furthermore, the fund's beta of 0.00 indicates that its price is not correlated to the market. Investors should carefully consider these factors and understand the trade-offs between downside protection and potential upside when evaluating GJUN. Past performance does not guarantee future results.

Expense Ratio

0.85%

How Is the Fund Allocated?

Sector	Weight
Technology	33.6%
Financial Services	12.5%
Communication Services	10.5%
Consumer Cyclical	10.1%
Healthcare	9.6%
Industrials	8.6%
Consumer Defensive	5.3%
Energy	3.4%
Utilities	2.5%
Real Estate	2.0%
Basic Materials	1.9%

Country	Weight
Other	100.0%

Dividend Yield

0.00%

iShares LifePath Retirement ETF (IRTR) — 0.08% expense ratio
FT Vest Laddered Buffer ETF (BUFR) — 0.95% expense ratio
State Street Income Allocation ETF (INKM) — 0.50% expense ratio
JPMorgan Flexible Income ETF (JFLI) — 0.35% 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
FT Vest U.S. Equity Deep Buffer ETF - March (DMAR) — 0.85% expense ratio
FT Vest U.S. Equity Enhance & Moderate Buffer ETF - December (XDEC) — 0.85% 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 GJUN and what does it track?

GJUN, or the FT Vest U.S. Equity Moderate Buffer ETF - June, is a multi-asset ETF designed to track the price return of the SPDR S&P 500 ETF Trust, while providing a buffer against potential losses.

What is the expense ratio for GJUN?

The expense ratio for GJUN is 0.85%. This means that for every $1000 invested in the ETF, $8.50 goes towards covering the fund's operating expenses.

While this provides the benefit of a buffer against losses and a capped upside, the expense ratio is higher than the average expense ratio for similar multi-asset ETFs. Investors should consider this cost when evaluating the potential returns of GJUN.

What are the top holdings in GJUN?

GJUN's top holding is the SPDR S&P 500 ETF Trust, as the fund's investment strategy is directly linked to the performance of this underlying ETF. The fund also holds various call and put options to achieve its buffered return profile.

Is GJUN a good long-term investment?

GJUN's suitability as a long-term investment depends on an individual's investment goals and risk tolerance. The ETF's buffered strategy offers downside protection, which can be attractive in volatile markets. However, the upside cap limits potential gains during strong bull markets.

With an expense ratio of 0.85%, the cost of holding GJUN over the long term should also be considered.

How does GJUN compare to similar ETFs?

GJUN differentiates itself from other multi-asset ETFs through its unique buffered strategy.

While many ETFs aim to track market indices or provide diversification across asset classes, GJUN specifically seeks to provide a capped upside return while buffering against a certain level of downside risk.

Does GJUN pay dividends?

According to the latest data, GJUN does not currently pay dividends. The dividend yield is reported as 0.00%. This is likely due to the fund's focus on capital appreciation through its buffered strategy, rather than generating income through dividend payments.

Investors seeking dividend income may want to consider other ETFs that prioritize dividend distributions.