Key stats
About First Trust Exchange-Traded Fund VIII FT Vest Laddered Small Cap Moderate Buffer ETF
Expense ratio
1.00%
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Inception date
May 29, 2024
BUFS holds a laddered portfolio of defined outcome buffer ETFs. It consists of four equity buffer funds, each of which has exposure to IWMs capped gains and 15% buffered losses. The fund 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, BUFS refreshes quarterly (one of the underlying ETFs resets its cap and refreshes its buffer). This creates a continuous hedge regardless of each underlying ETFs outcome period. The approach reduces the timing risks associated with a monthly buffer strategy. Information on BUFS exposure to the underlying ETFs, remaining cap, and buffer are provided daily on the issuers website.
Classification
What's in the fund
Exposure type
ETF
Stock breakdown by region
Displays a symbol's price movements over previous years to identify recurring trends.