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

FAPR · FT Vest U.S. Equity Buffer ETF - April

First Trust · Buffer desk

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From its price on Sep 4, 2026, the fund can gain about 8.0% more before it reaches its cap. The fund's price can fall 6.3% 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: 10.0% of the 10.0% 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.

FAPR (FT Vest U.S. Equity Buffer ETF - April), buffer desk fields as of Sep 4, 2026. Source: ETFIQ.
Reference indexSPY
Buffer
Outcome periodApr 20, 2026 to Apr 16, 2027
Starting cap+15.2%
SPY return since period start+8.5%
Fund return since period start+5.8%
Band state today (ETFIQ)Open
Can still gain (issuer, fund price)8.0%
Fall before buffer (issuer, fund price)6.3%
Fall to the buffer in index terms (ETFIQ)7.8%
Protection left in index points (ETFIQ)10.0% of 10.0%
Days left in period224
Expense ratio0.85%

Questions people ask

How much can FAPR still gain?
About 8.0% from its price on Sep 4, 2026, before it reaches its cap, by the issuer's published figure. The cap for the period was set at +15.2%.
How far can FAPR fall before the buffer helps?
6.3% 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 FAPR buffer is left?
10.0% of the 10.0% 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 FAPR 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 FAPR 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.

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FAPR outcome band, ETFIQ

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

Cite this page. ETFIQ, FAPR on the buffer desk, data as of Sep 4, 2026. https://etfiq.com/funds/FAPR.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