# SFEB (FT Vest U.S. Small Cap Moderate Buffer ETF - February)

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

As of Sep 11, 2026, SFEB sits between its buffer and its cap, with IWM up 9.2% since the period began.

## Key facts

- SFEB, can still gain: 8.7%, as of Sep 11, 2026.
- SFEB, fall before the buffer: 7.5%, as of Sep 11, 2026.
- SFEB, protection left, index points: 15.0%, as of Sep 11, 2026.
- SFEB, days to reset: 161, as of Sep 11, 2026.
- SFEB, net assets: $130m (issuer page, as of Sep 11, 2026).
- SFEB, expense ratio: 0.90% (issuer page, Sep 11, 2026).

## SFEB over each window to Sep 11, 2026

| Window | Total return | IWM | Gap to IWM |
| --- | --- | --- | --- |
| 3 months | +1.5% | −1.1% | +2.6 pts |
| 6 months | +11.0% | +17.6% | −6.7 pts |
| 1 year | +15.3% | +21.2% | −5.9 pts |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Reference index | IWM | ETFIQ |
| Buffer | 15% | ETFIQ |
| Outcome period | Feb 23, 2026 to Feb 19, 2027 | ETFIQ |
| Starting cap | +17.4% | ETFIQ |
| IWM return since period start | +9.2% | ETFIQ |
| Fund return since period start | +7.2% | ETFIQ |
| Net assets | $130m | issuer page, as of Sep 11, 2026 |
| Band state today | Open | ETFIQ |
| Can still gain | 8.7% | issuer, fund price |
| Fall before buffer | 7.5% | issuer, fund price |
| Fall to the buffer in index terms | 8.4% | 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 SFEB still gain?

About 8.7% 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 +17.4%.

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

7.5% in fund-price terms on Sep 11, 2026, by the issuer's figure. In index terms IWM can fall 8.4% from that level before the buffer begins. Losses until that point are the holder's.

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

15.0% of the 15.0% buffer sat below the IWM level on Sep 11, 2026. That is an ETFIQ calculation in index points, on one definition for every issuer.

### When does SFEB 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 SFEB cost?

The prospectus expense ratio is 0.90% a year.


## Cite this page

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

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