FT Vest Laddered Max Buffer ETF (BUFH)

The FT Vest Laddered Max Buffer ETF (BUFH) invests in a portfolio of FT Vest U.S. Equity Max Buffer ETFs, each with a different annual outcome period. The underlying funds use FLEX options on the S&P 500 or an S&P 500-tracking ETF to protect against nearly all losses over their outcome periods, in exchange for a capped level of upside.

Laddering the series across the calendar spreads out reset dates, so investors are not dependent on the market's level on a single day when buffers and caps are set. The approach aims to deliver large-cap U.S. equity exposure with a high degree of downside protection.

BUFH is sponsored by First Trust Advisors, with Vest Financial serving as sub-adviser for the defined-outcome strategy.