# QMAG (FT Vest Nasdaq-100® Moderate Buffer ETF - August)

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

As of Sep 11, 2026, QMAG sits between its buffer and its cap, with QQQ up 0.2% since the period began.

## Key facts

- QMAG, can still gain: 16.8%, as of Sep 11, 2026.
- QMAG, fall before the buffer: 1.3%, as of Sep 11, 2026.
- QMAG, protection left, index points: 15.0%, as of Sep 11, 2026.
- QMAG, days to reset: 343, as of Sep 11, 2026.
- QMAG, net assets: $86m (issuer page, as of Sep 11, 2026).
- QMAG, expense ratio: 0.90% (issuer page, Sep 11, 2026).

## QMAG over each window to Sep 11, 2026

| Window | Total return | QQQ | Gap to QQQ |
| --- | --- | --- | --- |
| 3 months | +2.5% | −0.8% | +3.3 pts |
| 6 months | +10.4% | +20.7% | −10.2 pts |
| 1 year | +12.6% | +23.0% | −10.4 pts |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Reference index | QQQ | ETFIQ |
| Buffer | 15% | ETFIQ |
| Outcome period | Aug 24, 2026 to Aug 20, 2027 | ETFIQ |
| Starting cap | +18.2% | ETFIQ |
| QQQ return since period start | +0.2% | ETFIQ |
| Fund return since period start | +0.4% | ETFIQ |
| Net assets | $86m | issuer page, as of Sep 11, 2026 |
| Band state today | Open | ETFIQ |
| Can still gain | 16.8% | issuer, fund price |
| Fall before buffer | 1.3% | issuer, fund price |
| Fall to the buffer in index terms | 0.2% | ETFIQ |
| Protection left in index points | 15.0% of 15.0% | ETFIQ |
| Days left in period | 343 | ETFIQ |
| Expense ratio | 0.90% | issuer page, Sep 11, 2026 |

## Questions

### How much can QMAG still gain?

About 16.8% 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 +18.2%.

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

1.3% in fund-price terms on Sep 11, 2026, by the issuer's figure. In index terms QQQ can fall 0.2% from that level before the buffer begins. Losses until that point are the holder's.

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

15.0% of the 15.0% 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 QMAG reset?

The outcome period ends on Aug 20, 2027, 343 days from the data on Sep 11, 2026. A new cap is set the next day and the buffer starts again.

### What does QMAG cost?

The prospectus expense ratio is 0.90% a year.


## Cite this page

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

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