# GJAN (FT Vest U.S. Equity Moderate Buffer ETF - January)

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

As of Sep 11, 2026, GJAN sits between its buffer and its cap, with SPY up 10.5% since the period began.

## Key facts

- GJAN, can still gain: 4.0%, as of Sep 11, 2026.
- GJAN, fall before the buffer: 7.0%, as of Sep 11, 2026.
- GJAN, protection left, index points: 15.0%, as of Sep 11, 2026.
- GJAN, days to reset: 126, as of Sep 11, 2026.
- GJAN, net assets: $439m (issuer page, as of Sep 11, 2026).
- GJAN, expense ratio: 0.85% (issuer page, Sep 11, 2026).

## GJAN over each window to Sep 11, 2026

| Window | Total return | SPY | Gap to SPY |
| --- | --- | --- | --- |
| 3 months | +2.8% | +3.3% | −0.5 pts |
| 6 months | +9.2% | +16.0% | −6.8 pts |
| 1 year | +11.0% | +17.5% | −6.5 pts |
| 3 years | +39.9% | +77.9% | −38.0 pts |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Reference index | SPY | ETFIQ |
| Buffer | 15% | ETFIQ |
| Outcome period | Jan 20, 2026 to Jan 15, 2027 | ETFIQ |
| Starting cap | +11.8% | ETFIQ |
| SPY return since period start | +10.5% | ETFIQ |
| Fund return since period start | +6.7% | ETFIQ |
| Net assets | $439m | issuer page, as of Sep 11, 2026 |
| Band state today | Open | ETFIQ |
| Can still gain | 4.0% | issuer, fund price |
| Fall before buffer | 7.0% | issuer, fund price |
| Fall to the buffer in index terms | 9.5% | ETFIQ |
| Protection left in index points | 15.0% of 15.0% | ETFIQ |
| Days left in period | 126 | ETFIQ |
| Expense ratio | 0.85% | issuer page, Sep 11, 2026 |

## Questions

### How much can GJAN still gain?

About 4.0% 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 +11.8%.

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

7.0% in fund-price terms on Sep 11, 2026, by the issuer's figure. In index terms SPY can fall 9.5% from that level before the buffer begins. Losses until that point are the holder's.

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

15.0% of the 15.0% 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 GJAN reset?

The outcome period ends on Jan 15, 2027, 126 days from the data on Sep 11, 2026. A new cap is set the next day and the buffer starts again.

### What does GJAN cost?

The prospectus expense ratio is 0.85% a year.


## Cite this page

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

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