# First Trust Vest U.S. Equity Max Buffer UCITS ETF - September Accum A USD (SEPM) **Page:** https://fundology.uk/fund/sepm · ISIN IE0009DRFET8 ## At a glance > Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise. As of 13/11/2026, SEPM (First Trust Vest U.S. Equity Max Buffer UCITS ETF - September Accum A USD, ISIN IE0009DRFET8) closed at £21.43 on the London Stock Exchange. Its ongoing charge is 0.88% a year (about £88 on £10,000). Over the year to 13/11/2026 its total return was +6.9%, or +3.1% after UK CPIH inflation. ## Summary First Trust Global Funds ICAV - First Trust Vest U.S. Equity Max Buffer UCITS ETF - September Accum A USD is an exchange-traded fund (ETF) from First Trust, launched in 2025. It tracks the No Underlying Index. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.88% a year — about £88 a year on every £10,000 invested, taken from the fund's value rather than billed to you. Income from its investments is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you. Latest close: **£21.43** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | SEPM | | ISIN | IE0009DRFET8 | | Also listed as | MSEP (London Stock Exchange, US dollars), FTMS (Xetra, euros) | | Category | Other | | Type | ETF | | Provider | First Trust | | Income | Accumulating | | Ongoing charge | 0.88% a year (£88 per £10,000) | | Fund size | £2.1m | | Launched | 2025 | | Domicile | Ireland | | UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 19/09/2025 | ## Past returns (periods to 13/11/2026) After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after UK CPIH inflation. | Window | Return | After CPIH inflation | Measured as | |---|---|---|---| | 1 year | +6.90% | +3.12% | income reinvested | Returns: as reported (delayed data). Inflation: UK CPIH, latest month published. ## Calendar-year returns Calendar-year returns of First Trust Global Funds ICAV - First Trust Vest U.S. Equity Max Buffer UCITS ETF - September Accum A USD in pounds (price, with income reinvested in the fund): 2026 to 13/11/2026 +6.8%. Returns of First Trust Global Funds ICAV - First Trust Vest U.S. Equity Max Buffer UCITS ETF - September Accum A USD in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +7.6%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2026 to 13/11/2026 | +6.8% | +3.4% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 5.88% | -3.13% | ## Largest fall Volatility of First Trust Global Funds ICAV - First Trust Vest U.S. Equity Max Buffer UCITS ETF - September Accum A USD in pounds, annualised from weekly returns to 13/11/2026: 5.9% over 1 year. Largest fall in the price of First Trust Global Funds ICAV - First Trust Vest U.S. Equity Max Buffer UCITS ETF - September Accum A USD since September 2025, in pounds: −3.1% from 31/10/2025 to 30/01/2026. On 13/11/2026 the price of First Trust Global Funds ICAV - First Trust Vest U.S. Equity Max Buffer UCITS ETF - September Accum A USD was 0.5% below its highest weekly close since September 2025 (09/10/2026), in pounds. ## Charges compared with similar funds Ongoing charge of First Trust Global Funds ICAV - First Trust Vest U.S. Equity Max Buffer UCITS ETF - September Accum A USD 0.88% a year. Compared on 14/11/2026, 10 of the 68 other other funds charge more, 6 the same and 52 less (share classes counted once). ## Charges & eligibility - Ongoing charges figure (OCF): **0.88%** per year (as of 13/11/2026) - Stocks and shares ISA eligible: usually (check with your platform) - SIPP eligible: usually (check with your provider) - ISA and SIPP mean the kind of product usually qualifies under HMRC rules. We do not check each platform’s list — each provider decides which funds it offers. Crypto ETNs have not qualified for a stocks and shares ISA since 06/04/2026, and overseas funds that are not UK-recognised UCITS, such as Swiss ETFs, do not usually qualify. ## Questions people ask **What is the ongoing charge of SEPM?** The ongoing charge of SEPM is 0.88% a year — about £88 a year on every £10,000 invested, taken from the fund’s value rather than billed to you. Platform and dealing fees are charged separately. Ongoing charge of First Trust Global Funds ICAV - First Trust Vest U.S. Equity Max Buffer UCITS ETF - September Accum A USD 0.88% a year. Compared on 14/11/2026, 10 of the 68 other other funds charge more, 6 the same and 52 less (share classes counted once). **Is SEPM accumulating or distributing?** SEPM is accumulating: income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you. **What is the ISIN of SEPM?** The ISIN of SEPM is IE0009DRFET8. An ISIN identifies one exact share class of a fund; SEPM is its ticker on the London Stock Exchange. The same share class is also listed as MSEP (London Stock Exchange, US dollars) and FTMS (Xetra, euros). **What were SEPM’s returns in each of the last five years?** Calendar-year returns of SEPM in pounds (price, with income reinvested in the fund): 2026 to 13/11/2026 +6.8%. Past performance is not a guide to future returns. **How has SEPM done after inflation?** Over the year to 13/11/2026 SEPM’s total return was +6.9%, or +3.1% after UK CPIH inflation. Past performance is not a guide to future returns. --- We show information. We are not financial advisers, not authorised by the FCA, and never recommend specific investments. Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.