How much can FEBM 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 Feb 23, 2026 to Feb 19, 2027.

How far can FEBM fall before the buffer helps?

4.1% in fund-price terms on Sep 4, 2026, by the issuer's figure. In index terms SPY can fall 10.5% from that level before the buffer begins. Losses until that point are the holder's.

How much of the FEBM buffer is left?

47.3% of the 47.3% 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 FEBM reset?

The outcome period ends on Feb 19, 2027, 168 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.

FEBM · FT Vest U.S. Equity Max Buffer ETF - February

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

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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 2.6% as the period runs out. The fund's price can fall 4.1% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 10.5% from today's level to the point where the buffer begins. Protection left, in index points: 47.3% of the 47.3% buffer still sits below today's SPY level. 168 days remained on Sep 4, 2026. On Feb 19, 2027 the period ends and a new cap is set.

FEBM (FT Vest U.S. Equity Max Buffer ETF - February), buffer desk fields as of Sep 4, 2026. Source: ETFIQ.
Reference index	SPY
Buffer
Outcome period	Feb 23, 2026 to Feb 19, 2027
Starting cap	+7.0%
SPY return since period start	+11.7%
Fund return since period start	+3.4%
Band state today (ETFIQ)	At cap
Can still gain (issuer, fund price)	2.6%
Fall before buffer (issuer, fund price)	4.1%
Fall to the buffer in index terms (ETFIQ)	10.5%
Protection left in index points (ETFIQ)	47.3% of 47.3%
Days left in period	168
Expense ratio	0.85%

Questions people ask

How much can FEBM 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 Feb 23, 2026 to Feb 19, 2027.
How far can FEBM fall before the buffer helps?: 4.1% in fund-price terms on Sep 4, 2026, by the issuer's figure. In index terms SPY can fall 10.5% from that level before the buffer begins. Losses until that point are the holder's.
How much of the FEBM buffer is left?: 47.3% of the 47.3% 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 FEBM reset?: The outcome period ends on Feb 19, 2027, 168 days from the data on Sep 4, 2026. A new cap is set the next day and the buffer starts again.
What does FEBM 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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FEBM outcome band, ETFIQ

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<p><a href="https://etfiq.com/funds/FEBM.html">FEBM outcome band, updated daily by ETFIQ</a></p>

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