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BUFSFT Vest Laddered Small Cap Mode

Grow my money2y track recordRanked #2,099 of 2,960 in this goal

Seeks to provide investors with capital appreciation.

By First Trust · Launched 2024

Annual Cost

1.01%

#4,997 of 5,562 · expensive

Fund Size

$162M

#2,485 of 5,562 · mid-size

Return (1Y)Goal

+20.6%

Track Record

2 years

#3,594 of 5,562 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$12,032+20.3%

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

Classification

How Beacon categorizes this fund

Asset class

Alternative

Strategy

Structured outcome

Index tracked

Russell 2000 Index

What it actually holds

By weight

Concentration

Top 5 holdings = 100.0% of fundconcentrated

FT Vest U.S. Small Cap Moderate Buffer ETF - November
25.0%
FT Vest U.S. Small Cap Moderate Buffer ETF - February
25.0%
FT Vest U.S. Small Cap Moderate Buffer ETF - May
25.0%
FT Vest U.S. Small Cap Moderate Buffer ETF - August
25.0%
Dreyfus Government Cash Management
0.1%

Asset allocation

Stocks
98.8%
Cash
1.3%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
9.0%Low

Year-on-year price swings

Max drawdown
-15.0%Moderate

Worst peak-to-trough loss

Sharpe (3Y)
Unavailable

Needs 3+ years of history

Sortino (3Y)
Not yet

Needs 3+ years of history

Where to buy

Listing

Exchange
Cboe BZX

Full fund details

Objective
Seeks to provide investors with capital appreciation.
Strategy
Fund-of-funds holding four FT Vest U.S. Small Cap Moderate Buffer ETFs in a laddered portfolio with rolling target-outcome expiration dates, providing U.S. small-cap equity exposure to the iShares Russell 2000 ETF (IWM) while attempting to limit downside via the Underlying ETFs' buffers. The Fund itself provides no stated buffer and its upside is constrained by the Underlying ETFs' caps.
Inception date
May 29, 2024
Fund family
First Trust

Our take

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

Buffer
Warning

Buffer ETF — downside protection at a cost

Defined-outcome funds cap upside (typically 8–20%) in exchange for partial downside protection (9–30%), priced via options. Fees are materially higher than the underlying index (often 0.70%+ vs 0.03–0.10%). For most pre-retirees, a simple stock/bond mix achieves similar downside behaviour at a fraction of the cost.

Source: Morningstar, 'Defined-Outcome ETFs: Useful or Uneconomic?' (2023)

Why we flagged this: strategy=structured_outcome + structured_outcome_strategy

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 2026-06-19