# FT Vest U.S. Equity Max Buffer ETF – April (APXM) — Overview

APXM · BATS · Fund

Canonical page: https://www.lighthorse.io/tickers/apxm

## Price

Last close $32.24 on Oct 15, 2026. 52-week range $30.67 – $32.29.

## Fund profile

APXM seeks to provide minimal upside participation in the S&P 500 index with 100% downside protection over a one year period. The upside cap and downside hedge is reset in April each year.  The fund uses FLEX options to structure the exposure.

| Metric | Value |
| --- | --- |
| Issuer | First Trust Advisors L.P. |
| Industry | — |
| Inception | Apr 17, 2025 |
| Assets under management | $21.7M |
| Expense ratio | 0.85% |
| Net asset value | $32.22 (as of Oct 14, 2026) |
| Distributions | Annually |
| Leverage | 1x |

## Frequently Asked Questions

### What is FT Vest U.S. Equity Max Buffer ETF – April (APXM)?

APXM seeks to provide minimal upside participation in the S&P 500 index with 100% downside protection over a one year period. The upside cap and downside hedge is reset in April each year.  The fund uses FLEX options to structure the exposure.

### What is APXM's expense ratio?

FT Vest U.S. Equity Max Buffer ETF – April charges an annual expense ratio of 0.85%. The fund is issued by First Trust Advisors L.P..

### How large is APXM?

FT Vest U.S. Equity Max Buffer ETF – April manages $21.7M in assets and has traded since Apr 17, 2025.

### How do I buy shares of FT Vest U.S. Equity Max Buffer ETF – April (APXM)?

APXM trades commission-free with a Light Horse Securities brokerage account — from the mobile app, the web at [Light Horse Dashboard](https://portal.lighthorse.io), the trading API, or an [AI agent connected over MCP](/instructions/ai/claude). The trade panel on this page places the order once you are signed in.

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Quotes and charts are not real-time and must not be relied on for trade decisions or valuation.

This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.

Data provided by [AInvest](https://www.ainvest.com).