How much can APXM still gain?

Nothing more in index terms on Sep 4, 2026. SPY has already passed the cap of +7.0% for this period, which runs from Apr 20, 2026 to Apr 16, 2027.

How far can APXM fall before the buffer helps?

3.1% in fund-price terms on Sep 4, 2026, by the issuer's figure. In index terms SPY can fall 7.8% from that level before the buffer begins. Losses until that point are the holder's.

How much of the APXM buffer is left?

50.1% of the 50.1% buffer sat below the SPY level on Sep 4, 2026. That is an ETFIQ calculation in index points, on one definition for every issuer.

When does APXM reset?

The outcome period ends on Apr 16, 2027, 224 days from the data on Sep 4, 2026. A new cap is set the next day and the buffer starts again.

The prospectus expense ratio is 0.85% a year.

Data as of Sep 4, 2026. Issuer-published figures as of the date shown; ETFIQ calculations marked. Definitions on the learn page.

APXM · FT Vest U.S. Equity Max Buffer ETF - April

Name: ETFIQ buffer desk record for APXM
Creator: ETFIQ
License: https://etfiq.com/standards/

First Trust · Buffer desk

Open the live card on ETFIQ

SPY had already risen past this fund's cap of +7.0% for the period on Sep 4, 2026, so in index terms there is no more upside to collect. The fund's own price can still drift up to about 3.7% as the period runs out. The fund's price can fall 3.1% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 7.8% from today's level to the point where the buffer begins. Protection left, in index points: 50.1% of the 50.1% buffer still sits below today's SPY level. 224 days remained on Sep 4, 2026. On Apr 16, 2027 the period ends and a new cap is set.

APXM (FT Vest U.S. Equity Max Buffer ETF - April), buffer desk fields as of Sep 4, 2026. Source: ETFIQ.
Reference index	SPY
Buffer
Outcome period	Apr 20, 2026 to Apr 16, 2027
Starting cap	+7.0%
SPY return since period start	+8.5%
Fund return since period start	+2.3%
Band state today (ETFIQ)	At cap
Can still gain (issuer, fund price)	3.7%
Fall before buffer (issuer, fund price)	3.1%
Fall to the buffer in index terms (ETFIQ)	7.8%
Protection left in index points (ETFIQ)	50.1% of 50.1%
Days left in period	224
Expense ratio	0.85%

Questions people ask

How much can APXM still gain?: Nothing more in index terms on Sep 4, 2026. SPY has already passed the cap of +7.0% for this period, which runs from Apr 20, 2026 to Apr 16, 2027.
How far can APXM fall before the buffer helps?: 3.1% in fund-price terms on Sep 4, 2026, by the issuer's figure. In index terms SPY can fall 7.8% from that level before the buffer begins. Losses until that point are the holder's.
How much of the APXM buffer is left?: 50.1% of the 50.1% buffer sat below the SPY level on Sep 4, 2026. That is an ETFIQ calculation in index points, on one definition for every issuer.
When does APXM reset?: The outcome period ends on Apr 16, 2027, 224 days from the data on Sep 4, 2026. A new cap is set the next day and the buffer starts again.
What does APXM cost?: The prospectus expense ratio is 0.85% a year.

Where these figures came from

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.

Funds near this one

Put this on your own page

The outcome band for APXM, redrawn every trading night. Free to use with the credit link; paste these two lines into any page or newsletter.

APXM outcome band, ETFIQ

<a href="https://etfiq.com/funds/APXM.html"><img src="https://etfiq.com/embed/buffer/APXM.svg" alt="APXM outcome band, ETFIQ" width="640"></a>
<p><a href="https://etfiq.com/funds/APXM.html">APXM outcome band, updated daily by ETFIQ</a></p>

Cite this page. ETFIQ, APXM on the buffer desk, data as of Sep 4, 2026. https://etfiq.com/funds/APXM.html Free to use with attribution; the underlying files are at Open data.

ETFIQ is an independent publisher of exchange-traded fund data. It is not a fund issuer, broker-dealer or investment adviser, and it makes no recommendations; sort orders and figures are stated arithmetic on published data. Standards · How to read this desk