# FNOV (FT Vest U.S. Equity Buffer ETF - November)

First Trust · Buffer ETFs · data as of Sep 11, 2026

As of Sep 11, 2026, FNOV sits between its buffer and its cap, with SPY up 16.0% since the period began.

## Key facts

- FNOV, can still gain: 2.9%, as of Sep 11, 2026.
- FNOV, fall before the buffer: 11.9%, as of Sep 11, 2026.
- FNOV, protection left, index points: 10.0%, as of Sep 11, 2026.
- FNOV, days to reset: 70, as of Sep 11, 2026.
- FNOV, net assets: $1.3bn (issuer page, as of Sep 11, 2026).
- FNOV, expense ratio: 0.85% (issuer page, Sep 11, 2026).

## FNOV over each window to Sep 11, 2026

| Window | Total return | SPY | Gap to SPY |
| --- | --- | --- | --- |
| 3 months | +3.4% | +3.3% | +0.1 pts |
| 6 months | +11.3% | +16.0% | −4.7 pts |
| 1 year | +14.2% | +17.5% | −3.3 pts |
| 3 years | +48.5% | +77.9% | −29.4 pts |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Reference index | SPY | ETFIQ |
| Buffer | 10% | ETFIQ |
| Outcome period | Nov 24, 2025 to Nov 20, 2026 | ETFIQ |
| Starting cap | +16.6% | ETFIQ |
| SPY return since period start | +16.0% | ETFIQ |
| Fund return since period start | +12.5% | ETFIQ |
| Net assets | $1.3bn | issuer page, as of Sep 11, 2026 |
| Band state today | Open | ETFIQ |
| Can still gain | 2.9% | issuer, fund price |
| Fall before buffer | 11.9% | issuer, fund price |
| Fall to the buffer in index terms | 13.8% | ETFIQ |
| Protection left in index points | 10.0% of 10.0% | ETFIQ |
| Days left in period | 70 | ETFIQ |
| Expense ratio | 0.85% | issuer page, Sep 11, 2026 |

## Questions

### How much can FNOV still gain?

About 2.9% from its price on Sep 11, 2026, before it reaches its cap, by the issuer's published figure. The cap for the period was set at +16.6%.

### How far can FNOV fall before the buffer helps?

11.9% in fund-price terms on Sep 11, 2026, by the issuer's figure. In index terms SPY can fall 13.8% from that level before the buffer begins. Losses until that point are the holder's.

### How much of the FNOV buffer is left?

10.0% of the 10.0% buffer sat below the SPY level on Sep 11, 2026. That is an ETFIQ calculation in index points, on one definition for every issuer.

### When does FNOV reset?

The outcome period ends on Nov 20, 2026, 70 days from the data on Sep 11, 2026. A new cap is set the next day and the buffer starts again.

### What does FNOV cost?

The prospectus expense ratio is 0.85% a year.


## Cite this page

ETFIQ, FNOV, data as of Sep 11, 2026. https://etfiq.com/funds/fnov
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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