# YSEP (FT Vest International Equity Moderate Buffer ETF - September)

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

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

## Key facts

- YSEP, past the cap, price drift left: 0.2%, as of Sep 11, 2026.
- YSEP, fall before the buffer: 11.5%, as of Sep 11, 2026.
- YSEP, protection left, index points: 15.0%, as of Sep 11, 2026.
- YSEP, days to reset: 7, as of Sep 11, 2026.
- YSEP, net assets: $124m (issuer page, as of Sep 11, 2026).
- YSEP, expense ratio: 0.90% (issuer page, Sep 11, 2026).

## YSEP over each window to Sep 11, 2026

| Window | Total return | EFA | Gap to EFA |
| --- | --- | --- | --- |
| 3 months | +3.6% | +3.2% | +0.4 pts |
| 6 months | +9.2% | +12.5% | −3.3 pts |
| 1 year | +12.3% | +18.2% | −5.9 pts |
| 3 years | +44.9% | +65.5% | −20.6 pts |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Reference index | EFA | ETFIQ |
| Buffer | 15% | ETFIQ |
| Outcome period | Sep 22, 2025 to Sep 18, 2026 | ETFIQ |
| Starting cap | +13.1% | ETFIQ |
| EFA return since period start | +14.7% | ETFIQ |
| Fund return since period start | +12.0% | ETFIQ |
| Net assets | $124m | issuer page, as of Sep 11, 2026 |
| Band state today | At cap | ETFIQ |
| Can still gain | 0.2% | issuer, fund price |
| Fall before buffer | 11.5% | issuer, fund price |
| Fall to the buffer in index terms | 12.8% | ETFIQ |
| Protection left in index points | 15.0% of 15.0% | ETFIQ |
| Days left in period | 7 | ETFIQ |
| Expense ratio | 0.90% | issuer page, Sep 11, 2026 |

## Questions

### How much can YSEP still gain?

Nothing more in index terms on Sep 11, 2026. EFA has already passed the cap of +13.1% for this period, which runs from Sep 22, 2025 to Sep 18, 2026.

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

11.5% in fund-price terms on Sep 11, 2026, by the issuer's figure. In index terms EFA can fall 12.8% from that level before the buffer begins. Losses until that point are the holder's.

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

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

### When does YSEP reset?

The outcome period ends on Sep 18, 2026, 7 days from the data on Sep 11, 2026. A new cap is set the next day and the buffer starts again.

### What does YSEP cost?

The prospectus expense ratio is 0.90% a year.


## Cite this page

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

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