# QCJA (FT Vest Nasdaq-100® Conservative Buffer ETF - January)

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

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

## Key facts

- QCJA, past the cap, price drift left: 3.8%, as of Sep 11, 2026.
- QCJA, fall before the buffer: 7.5%, as of Sep 11, 2026.
- QCJA, protection left, index points: 20.0%, as of Sep 11, 2026.
- QCJA, days to reset: 126, as of Sep 11, 2026.
- QCJA, net assets: $82m (issuer page, as of Sep 11, 2026).
- QCJA, expense ratio: 0.90% (issuer page, Sep 11, 2026).

## QCJA over each window to Sep 11, 2026

| Window | Total return | QQQ | Gap to QQQ |
| --- | --- | --- | --- |
| 3 months | +2.1% | −0.8% | +2.9 pts |
| 6 months | +8.8% | +20.7% | −11.9 pts |
| 1 year | +11.7% | +23.0% | −11.3 pts |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Reference index | QQQ | ETFIQ |
| Buffer | 20% | ETFIQ |
| Outcome period | Jan 20, 2026 to Jan 15, 2027 | ETFIQ |
| Starting cap | +12.1% | ETFIQ |
| QQQ return since period start | +15.1% | ETFIQ |
| Fund return since period start | +7.1% | ETFIQ |
| Net assets | $82m | issuer page, as of Sep 11, 2026 |
| Band state today | At cap | ETFIQ |
| Can still gain | 3.8% | issuer, fund price |
| Fall before buffer | 7.5% | issuer, fund price |
| Fall to the buffer in index terms | 13.1% | ETFIQ |
| Protection left in index points | 20.0% of 20.0% | ETFIQ |
| Days left in period | 126 | ETFIQ |
| Expense ratio | 0.90% | issuer page, Sep 11, 2026 |

## Questions

### How much can QCJA still gain?

Nothing more in index terms on Sep 11, 2026. QQQ has already passed the cap of +12.1% for this period, which runs from Jan 20, 2026 to Jan 15, 2027.

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

7.5% in fund-price terms on Sep 11, 2026, by the issuer's figure. In index terms QQQ can fall 13.1% from that level before the buffer begins. Losses until that point are the holder's.

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

20.0% of the 20.0% buffer sat below the QQQ level on Sep 11, 2026. That is an ETFIQ calculation in index points, on one definition for every issuer.

### When does QCJA 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 QCJA cost?

The prospectus expense ratio is 0.90% a year.


## Cite this page

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

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