Key stats
About FT Vest Fund of Nasdaq-100 Buffer ETFs
Expense ratio
1.10%
Home page
Inception date
Jun 15, 2022
BUFQ is a basket of defined outcome buffer ETFs. The fund consists of four equity buffer funds, each of which has exposure to QQQs capped gains and 10% buffered losses. BUFQ will invest equally in the underlying ETFs, holding one ETF with options expiring within three months, a second ETF with options expiring within six months, a third ETF with options expiring within nine months, and finally a fourth ETF with options expiring within 12 months. Unlike the monthly equity buffers that reset annually on a specific month, BUFQ refreshes quarterly (one of the underlying ETFs resets its cap and refreshes its buffer). This creates a continuous hedge for BUFQ regardless of each underlying ETFs outcome period. The approach reduces the timing risks associated with a monthly buffer strategy. Information on BUFQs exposure to the underlying ETFs, remaining cap and buffer is provided daily on the issuers website.
Classification
What's in the fund
Exposure type
ETF
Stock breakdown by region