# OCTM (FT Vest U.S. Equity Max Buffer ETF - October)

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

As of Sep 11, 2026, OCTM has reached its cap.

## Key facts

- OCTM, past the cap, price drift left: 0.5%, as of Sep 11, 2026.
- OCTM, fall before the buffer: 6.2%, as of Sep 11, 2026.
- OCTM, protection left, index points: 43.7%, as of Sep 11, 2026.
- OCTM, days to reset: 35, as of Sep 11, 2026.
- OCTM, net assets: $32m (issuer page, as of Sep 11, 2026).
- OCTM, expense ratio: 0.85% (issuer page, Sep 11, 2026).

## OCTM over each window to Sep 11, 2026

| Window | Total return | SPY | Gap to SPY |
| --- | --- | --- | --- |
| 3 months | +1.8% | +3.3% | −1.5 pts |
| 6 months | +4.6% | +16.0% | −11.4 pts |
| 1 year | +6.3% | +17.5% | −11.2 pts |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Reference index | SPY | ETFIQ |
| Buffer | 44% | ETFIQ |
| Outcome period | Oct 20, 2025 to Oct 16, 2026 | ETFIQ |
| Starting cap | +7.0% | ETFIQ |
| SPY return since period start | +15.0% | ETFIQ |
| Fund return since period start | +5.7% | ETFIQ |
| Net assets | $32m | issuer page, as of Sep 11, 2026 |
| Band state today | At cap | ETFIQ |
| Can still gain | 0.5% | issuer, fund price |
| Fall before buffer | 6.2% | issuer, fund price |
| Fall to the buffer in index terms | 13.1% | ETFIQ |
| Protection left in index points | 43.7% of 43.7% | ETFIQ |
| Days left in period | 35 | ETFIQ |
| Expense ratio | 0.85% | issuer page, Sep 11, 2026 |

## Questions

### How much can OCTM still gain?

Nothing more in index terms on Sep 11, 2026. SPY has already passed the cap of +7.0% for this period, which runs from Oct 20, 2025 to Oct 16, 2026.

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

6.2% in fund-price terms on Sep 11, 2026, by the issuer's figure. In index terms SPY can fall 13.1% from that level before the buffer begins. Losses until that point are the holder's.

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

43.7% of the 43.7% 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 OCTM reset?

The outcome period ends on Oct 16, 2026, 35 days from the data on Sep 11, 2026. A new cap is set the next day and the buffer starts again.

### What does OCTM cost?

The prospectus expense ratio is 0.85% a year.


## Cite this page

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

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