FT Vest Laddered International Moderate Buffer ETF (BUFY)

The FT Vest Laddered International Moderate Buffer ETF (BUFY) invests in a ladder of FT Vest international moderate buffer ETFs, each with a different outcome period. The underlying funds use FLEX options referencing a developed international equity benchmark to buffer a moderate portion of losses while capping upside over each period.

Staggering the outcome periods across the calendar spreads out reset risk and blends the caps of the individual series. The fund thereby provides diversified exposure to developed markets outside the United States with a defined-outcome overlay.

BUFY is sponsored by First Trust Advisors and sub-advised by Vest Financial, which focuses on buffer and target-outcome strategies.