# FT Vest U.S. Equity Quarterly Max Buffer ETF (SQMX) — Overview

SQMX · BATS · Fund

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

## Price

Last close $35.01 on Oct 15, 2026. 52-week range $32.52 – $35.07.

## Fund profile

SQMX aims to deliver returns that match the SPDR S&P 500 ETF Trust price performance up to a set upside cap, while providing a dynamic buffer of 5% or 7.5% against losses over a three-month period. The fund employs FLEX options to implement this strategy and resets its cap and buffer each quarter.

| Metric | Value |
| --- | --- |
| Issuer | First Trust Advisors L.P. |
| Industry | — |
| Inception | Dec 20, 2024 |
| Assets under management | $55.1M |
| Expense ratio | 0.85% |
| Net asset value | $34.97 (as of Oct 14, 2026) |
| Distributions | Annually |
| Leverage | 1x |

## Frequently Asked Questions

### What is FT Vest U.S. Equity Quarterly Max Buffer ETF (SQMX)?

SQMX aims to deliver returns that match the SPDR S&P 500 ETF Trust price performance up to a set upside cap, while providing a dynamic buffer of 5% or 7.5% against losses over a three-month period. The fund employs FLEX options to implement this strategy and resets its cap and buffer each quarter.

### What is SQMX's expense ratio?

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

### How large is SQMX?

FT Vest U.S. Equity Quarterly Max Buffer ETF manages $55.1M in assets and has traded since Dec 20, 2024.

### How do I buy shares of FT Vest U.S. Equity Quarterly Max Buffer ETF (SQMX)?

SQMX 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).