Key stats
About FT Vest Fund of Deep Buffer ETFs
Expense ratio
1.05%
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Inception date
Jan 20, 2021
ISIN
US33740U7037
BUFD is a basket of defined outcome buffer ETFs. The fund consists of twelve equity buffer funds which each has exposure to SPYs capped gains and buffered losses on the first 5% - 30%. BUFD will invest equally in the Underlying ETFs, holding one Underlying ETF with options expiring within one month, a second Underlying ETF with options expiring within two months, a third Underlying ETF with options expiring within three months, up until a twelfth Underlying ETF with options expiring within twelve months. Unlike the monthly equity buffers that reset annually on a specific month, BUFR refreshes monthly starting February, wherein one of the Underlying ETFs resets its cap and refreshes its buffer. This creates a continuous hedge for BUFD regardless of each Underlying ETFs outcome period. The approach reduces the timing risks associated with a monthly buffer strategy. Information on BUFRs 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