# FT Vest Laddered Buffer ETF (BUFR): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/bufr for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: First Trust · Asset class: Multi-Asset - Strategy: Buffered · Inception: 2020-08-10 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 gai... ## Key Facts | Metric | Value | |---|---| | Price | $37.50 | | Expense Ratio | 0.10% | | Assets Under Management | $10.88B | | NAV | $37.49 | | Holdings Count | 12 | | Distribution Yield (TTM) | — | | Annual Distribution (TTM) | — /share | | Distribution Frequency | — | | 52-Week Range | $33.03 – $37.95 | | Beta | 0.61 | ## Frequently Asked Questions ### 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 0.10%. 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 $10.88B 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. ### Does BUFR pay a dividend? FT Vest Laddered Buffer ETF (BUFR) currently distributes little or no income. Trailing-twelve-month yield is —. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does BUFR pay dividends? FT Vest Laddered Buffer ETF pays dividends on its published schedule. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is BUFR's dividend yield? BUFR's trailing-twelve-month yield is —, calculated from the sum of dividends over the past year divided by the current price. ### When is BUFR's next ex-dividend date? BUFR hasn't announced its next ex-date yet. Once declared it'll appear at the top of the dividend history table on this page. ### How much will BUFR's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.10% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does BUFR charge its expense ratio? The expense ratio is deducted in tiny daily slices from BUFR's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does BUFR cost more than a fund like VOO? BUFR's strategy (current expense ratio 0.10%) is different from a broad-market index tracker like VOO, so its fee belongs to a different cohort. The Cost Verdict card above shows you where BUFR sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to BUFR? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as BUFR (0.10%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/bufr - Distribution history: https://www.dividenddata.com/funds/bufr/dividend - Holdings & diversification: https://www.dividenddata.com/funds/bufr/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/bufr/expenses - Peer comparison: https://www.dividenddata.com/funds/bufr/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.