# QMFE (FT Vest Nasdaq-100® Moderate Buffer ETF - February)

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

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

## Key facts

- QMFE, past the cap, price drift left: 5.0%, as of Sep 11, 2026.
- QMFE, fall before the buffer: 8.8%, as of Sep 11, 2026.
- QMFE, protection left, index points: 15.0%, as of Sep 11, 2026.
- QMFE, days to reset: 161, as of Sep 11, 2026.
- QMFE, net assets: $44m (issuer page, as of Sep 11, 2026).
- QMFE, expense ratio: 0.90% (issuer page, Sep 11, 2026).

## QMFE over each window to Sep 11, 2026

| Window | Total return | QQQ | Gap to QQQ |
| --- | --- | --- | --- |
| 3 months | +2.4% | −0.8% | +3.1 pts |
| 6 months | +10.2% | +20.7% | −10.5 pts |
| 1 year | +15.3% | +23.0% | −7.7 pts |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Reference index | QQQ | ETFIQ |
| Buffer | 15% | ETFIQ |
| Outcome period | Feb 23, 2026 to Feb 19, 2027 | ETFIQ |
| Starting cap | +15.0% | ETFIQ |
| QQQ return since period start | +17.4% | ETFIQ |
| Fund return since period start | +8.7% | ETFIQ |
| Net assets | $44m | issuer page, as of Sep 11, 2026 |
| Band state today | At cap | ETFIQ |
| Can still gain | 5.0% | issuer, fund price |
| Fall before buffer | 8.8% | issuer, fund price |
| Fall to the buffer in index terms | 14.8% | ETFIQ |
| Protection left in index points | 15.0% of 15.0% | ETFIQ |
| Days left in period | 161 | ETFIQ |
| Expense ratio | 0.90% | issuer page, Sep 11, 2026 |

## Questions

### How much can QMFE still gain?

Nothing more in index terms on Sep 11, 2026. QQQ has already passed the cap of +15.0% for this period, which runs from Feb 23, 2026 to Feb 19, 2027.

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

8.8% in fund-price terms on Sep 11, 2026, by the issuer's figure. In index terms QQQ can fall 14.8% from that level before the buffer begins. Losses until that point are the holder's.

### How much of the QMFE 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 QMFE reset?

The outcome period ends on Feb 19, 2027, 161 days from the data on Sep 11, 2026. A new cap is set the next day and the buffer starts again.

### What does QMFE cost?

The prospectus expense ratio is 0.90% a year.


## Cite this page

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

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