FT Vest Laddered Moderate Buffer ETF
BUFZ
Chicago Board Options Exchange- -
USD
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Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 120 East Liberty Drive, Suite 400 Wheaton IL United States of America 60187
- IPO Date
- Oct 27, 2023
- Website
- ftportfolios.com
- Similar Companies
- Business
- FT Vest Laddered Moderate Buffer ETF (BUFZ) is an actively managed exchange-traded fund that seeks capital appreciation by providing U.S. large-cap equity market exposure while seeking to limit downside risk through a laddered portfolio of twelve FT Cboe Vest U.S. Equity Moderate Buffer ETFs; these underlying ETFs employ FLEX options strategies linked to the SPDR S&P 500 ETF Trust (SPY), targeting a 15% downside buffer (before fees and expenses) and capped upside potential over one-year target outcome periods that reset annually based on prevailing market conditions. The fund holds an equal-weighted allocation across monthly series of the underlying ETFs (e.g., GJAN, GFEB, GMAR, GAPR, GMAY, GJUN, GJUL, GAUG, GSEP, GOCT, GNOV, GDEC), with each typically comprising approximately 8.3% of assets; it operates as a fund-of-funds under First Trust Exchange-Traded Fund VIII, incurring a net expense ratio of 0.95%, and trades on Cboe BZX Exchange. Launched on October 25, 2023, BUFZ is advised by First Trust Advisors L.P., a privately held firm founded in 1991 and headquartered in Wheaton, Illinois, with additional offices in Austin, Texas, and Franklin, Tennessee; the firm manages approximately $304 billion in assets across ETFs, unit investment trusts, and other products as of late 2025. Recent developments include significant asset growth to over $688 million in assets under management as of November 2025, reflecting strong investor interest in its buffered large-cap strategy amid volatile market conditions; First Trust Advisors announced distributions for BUFZ and 155 other ETFs in December 2025, underscoring ongoing operational maturity. In October 2025, First Trust proposed reorganizations of four Vest-advised mutual funds into First Trust-advised funds, signaling strategic consolidation within its Target Outcome lineup, though BUFZ was not directly involved; manager Trevor Lack joined the team in January 2025, complementing lead manager Karan Sood. The fund targets individual investors, financial advisors, and institutions seeking defined outcome exposure to the S&P 500 in the U.S. market, with no international operations beyond its domestic equity focus.