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BUFDFT Vest Laddered Deep Buffer ETF

Stay safeGrow my money5y track recordRanked #56 of 364 in this goal

Seeks capital appreciation.

By First Trust · Launched 2021

Annual Cost

0.95%

#4,882 of 5,861 · expensive

Fund Size

$1.9B

#787 of 5,861 · large

Dividend YieldGoal

0.00%

Track Record

5 years

#2,235 of 5,861 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$11,118+11.2%

Total-return NAV, USD. Net of fund fees, before tax.

What's inside

How Beacon categorizes this fund

Asset class

Alternative

Strategy

Structured outcome

Index tracked

S&P 500 Index

What it actually holds

By weight

Concentration

Top 10 holdings = 83.3% of fundconcentrated

First Trust Exchange-Traded Fund VIII
8.4%
First Trust Exchange-Traded Fund VIII
8.3%
First Trust Exchange-Traded Fund VIII
8.3%
First Trust Exchange-Traded Fund VIII
8.3%
LISTED FUNDS TRUST
8.3%
FIRST TRUST EXCHANGE-TRADED FUND VIII
8.3%
First Trust Exchange-Traded Fund VIII
8.3%
First Trust Exchange-Traded Fund VIII
8.3%
First Trust Exchange-Traded Fund VIII
8.3%
First Trust Exchange-Traded Fund VIII
8.3%

Asset allocation

Stocks
99.0%
Cash
1.1%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
5.3%Low

Year-on-year price swings

Max drawdown
-10.8%Mild

Worst peak-to-trough loss

Sharpe (3Y)
0.97Decent risk-adjusted returns
Sortino (3Y)
1.41Good downside protection

Listing

Exchange
Cboe BZX

Full fund details

Objective
Seeks capital appreciation.
Strategy
Provides US large-cap equity market exposure while attempting to limit downside risk through a laddered portfolio of twelve FT Vest U.S. Equity Deep Buffer ETFs. This approach diversifies investment time periods to mitigate risks associated with individual Underlying ETFs.
Inception date
January 20, 2021
Fund family
First Trust

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Buffer
Warning

You can build this cheaper yourself

Defined-outcome funds cap your gains (often 8% to 20%) in exchange for cushioning losses by 9% to 30%, priced with options. The fee runs about 0.70% or more, against 0.03% to 0.10% for a plain index fund. For most investors, a simple stock-and-bond mix gives similar protection for far less.

Sources: Morningstar, 'Buffer Funds Are on the Rise, but They May Not Make Sense for Most Investors' (2025)

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

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Data updated on 2026-08-04