FT Vest Laddered Buffer ETF

Frequently Asked Questions About BUFR

What does BUFR invest in?

The FT Vest Laddered Buffer ETF aims to grow investors' capital. It achieves this by offering exposure to the U.S. large-cap equity market, while simultaneously mitigating downside risk. This is accomplished through a diversified, laddered portfolio composed of twelve distinct FT Vest U.S. Equity Buffer ETFs, referred to as "Underlying ETFs." Typically, the Fund allocates nearly all its assets to these Underlying ETFs. The Underlying ETFs are designed to replicate the price performance of the SPDR S&P 500 ETF Trust ("SPY"), before accounting for fees, expenses, and taxes. However, their gains are capped at a specific predetermined level. Crucially, they also provide a protective 'buffer' against the initial 10% of SPY's losses, again, prior to fees, expenses, and taxes. It's vital to note that this buffer protection originates solely from the Underlying ETFs. The Fund itself does not offer any direct buffer against potential losses. Instead, its purpose is to grant investors simplified and diversified access to the entire collection of these Underlying ETFs through a single investment vehicle. Therefore, a thorough understanding of the strategies and inherent risks of the Underlying ETFs is essential for grasping the Fund's overall approach and associated risks.

What is the expense ratio of BUFR?

FT Vest Laddered Buffer ETF (BUFR) charges an expense ratio of 0.95%. This is the annual fee deducted from fund assets to cover management and operations.

How big is BUFR?

FT Vest Laddered Buffer ETF (BUFR) manages $10.10B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is BUFR actively managed or an index fund?

BUFR's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was BUFR launched?

FT Vest Laddered Buffer ETF (BUFR) launched in August 2020 and is managed by First Trust.

How has BUFR performed?

BUFR's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.