Key stats
About FT Vest Laddered Buffer ETF
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Inception date
Aug 10, 2020
Structure
Open-Ended Fund
Replication method
Synthetic
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
First Trust Advisors LP
Distributor
First Trust Portfolios LP
ISIN
US33740F7556
BUFR is a basket of defined outcome buffer ETFs. It consists of 12 equity buffer funds, each of which has exposure to SPY's capped gains and 10% buffered losses. The fund will invest equally in the underlying ETFs, holding one ETF with options expiring within one month, a second ETF with options expiring within two months, up until a 12th underlying ETF with options expiring within 12 months. Unlike the monthly equity buffers that reset annually on a specific month, BUFR refreshes monthly starting in February, wherein one of the underlying ETFs resets its cap and refreshes its buffer. This creates a continuous hedge for BUFR regardless of each underlying ETF's outcome period. The approach reduces the timing risks associated with a monthly buffer strategy. Information on BUFR's exposure to the underlying ETFs, remaining cap and buffer are provided daily on the issuer's website. Prior to May 10, 2024, the fund was called FT Vest Fund of Buffer ETFs.
Related funds
Classification
What's in the fund
Exposure type
ETF
Stock breakdown by region
Top 10 holdings
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
BUFR assets under management is 7.90 B USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
BUFR invests in funds. See more details in our Analysis section.
BUFR expense ratio is 0.95%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, BUFR isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
No, BUFR doesn't pay dividends to its holders.
BUFR shares are issued by AJM Ventures LLC
BUFR follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Aug 10, 2020.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.