Data as of . Issuer-published figures as of the date shown; ETFIQ calculations marked. Definitions on the learn page.
QMNV · FT Vest Nasdaq-100® Moderate Buffer ETF - November
First Trust · Buffer desk
Open the live card on ETFIQQQQ had already risen past this fund's cap of +16.4% 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 2.4% as the period runs out. The fund's price can fall 12.1% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, QQQ can fall 17.9% from today's level to the point where the buffer begins. Protection left, in index points: 15.0% of the 15.0% buffer still sits below today's QQQ level. 77 days remained on Sep 4, 2026. On Nov 20, 2026 the period ends and a new cap is set.
| Reference index | QQQ |
|---|---|
| Buffer | |
| Outcome period | Nov 24, 2025 to Nov 20, 2026 |
| Starting cap | +16.4% |
| QQQ return since period start | +21.8% |
| Fund return since period start | +12.8% |
| Band state today (ETFIQ) | At cap |
| Can still gain (issuer, fund price) | 2.4% |
| Fall before buffer (issuer, fund price) | 12.1% |
| Fall to the buffer in index terms (ETFIQ) | 17.9% |
| Protection left in index points (ETFIQ) | 15.0% of 15.0% |
| Days left in period | 77 |
| Expense ratio | 0.90% |
Questions people ask
- How much can QMNV still gain?
- Nothing more in index terms on Sep 4, 2026. QQQ has already passed the cap of +16.4% for this period, which runs from Nov 24, 2025 to Nov 20, 2026.
- How far can QMNV fall before the buffer helps?
- 12.1% in fund-price terms on Sep 4, 2026, by the issuer's figure. In index terms QQQ can fall 17.9% from that level before the buffer begins. Losses until that point are the holder's.
- How much of the QMNV buffer is left?
- 15.0% of the 15.0% buffer sat below the QQQ level on Sep 4, 2026. That is an ETFIQ calculation in index points, on one definition for every issuer.
- When does QMNV reset?
- The outcome period ends on Nov 20, 2026, 77 days from the data on Sep 4, 2026. A new cap is set the next day and the buffer starts again.
- What does QMNV cost?
- The prospectus expense ratio is 0.90% 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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<p><a href="https://etfiq.com/funds/QMNV.html">QMNV outcome band, updated daily by ETFIQ</a></p>
Cite this page. ETFIQ, QMNV on the buffer desk, data as of Sep 4, 2026. https://etfiq.com/funds/QMNV.html Free to use with attribution; the underlying files are at Open data.
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