# TDEC (FT Vest Emerging Markets Buffer ETF - December)

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

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

## Key facts

- TDEC, past the cap, price drift left: 3.7%, as of Sep 11, 2026.
- TDEC, fall before the buffer: 13.6%, as of Sep 11, 2026.
- TDEC, protection left, index points: 10.0%, as of Sep 11, 2026.
- TDEC, days to reset: 98, as of Sep 11, 2026.
- TDEC, net assets: $16m (issuer page, as of Sep 11, 2026).
- TDEC, expense ratio: 0.95% (issuer page, Sep 11, 2026).

## TDEC over each window to Sep 11, 2026

| Window | Total return | EEM | Gap to EEM |
| --- | --- | --- | --- |
| 3 months | +4.5% | +0.4% | +4.1 pts |
| 6 months | +12.5% | +20.0% | −7.5 pts |
| 1 year | +17.8% | +32.3% | −14.5 pts |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Reference index | EEM | ETFIQ |
| Buffer | 10% | ETFIQ |
| Outcome period | Dec 22, 2025 to Dec 18, 2026 | ETFIQ |
| Starting cap | +19.8% | ETFIQ |
| EEM return since period start | +26.3% | ETFIQ |
| Fund return since period start | +14.6% | ETFIQ |
| Net assets | $16m | issuer page, as of Sep 11, 2026 |
| Band state today | At cap | ETFIQ |
| Can still gain | 3.7% | issuer, fund price |
| Fall before buffer | 13.6% | issuer, fund price |
| Fall to the buffer in index terms | 20.8% | ETFIQ |
| Protection left in index points | 10.0% of 10.0% | ETFIQ |
| Days left in period | 98 | ETFIQ |
| Expense ratio | 0.95% | issuer page, Sep 11, 2026 |

## Questions

### How much can TDEC still gain?

Nothing more in index terms on Sep 11, 2026. EEM has already passed the cap of +19.8% for this period, which runs from Dec 22, 2025 to Dec 18, 2026.

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

13.6% in fund-price terms on Sep 11, 2026, by the issuer's figure. In index terms EEM can fall 20.8% from that level before the buffer begins. Losses until that point are the holder's.

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

10.0% of the 10.0% buffer sat below the EEM level on Sep 11, 2026. That is an ETFIQ calculation in index points, on one definition for every issuer.

### When does TDEC reset?

The outcome period ends on Dec 18, 2026, 98 days from the data on Sep 11, 2026. A new cap is set the next day and the buffer starts again.

### What does TDEC cost?

The prospectus expense ratio is 0.95% a year.


## Cite this page

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

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