{
 "ticker": "BUFE",
 "name": "FT Vest Laddered Emerging Markets Buffer ETF",
 "issuer": "First Trust",
 "desk": "buffer",
 "url": "https://etfiq.com/funds/bufe",
 "html": "https://etfiq.com/funds/bufe",
 "markdown": "https://etfiq.com/funds/bufe.md",
 "as_of": "2026-10-09",
 "verdict": "As of Oct 9, 2026, BUFE's 4 sleeves can still gain 20.4% on average and can fall 7.5% before their buffers.",
 "key_facts": [
  {
   "key": "can_still_gain_weighted",
   "label": "Can still gain, weighted",
   "value": "20.4%",
   "source": null,
   "as_of": "2026-10-09",
   "sentence": "BUFE, can still gain, weighted: 20.4%, as of Oct 9, 2026."
  },
  {
   "key": "fall_before_the_buffers_weighted",
   "label": "Fall before the buffers, weighted",
   "value": "7.5%",
   "source": null,
   "as_of": "2026-10-09",
   "sentence": "BUFE, fall before the buffers, weighted: 7.5%, as of Oct 9, 2026."
  },
  {
   "key": "protection_left_weighted_index_points",
   "label": "Protection left, weighted, index points",
   "value": "8.6%",
   "source": null,
   "as_of": "2026-10-09",
   "sentence": "BUFE, protection left, weighted, index points: 8.6%, as of Oct 9, 2026."
  },
  {
   "key": "days_to_the_next_reset",
   "label": "Days to the next reset",
   "value": "70",
   "source": null,
   "as_of": "2026-10-09",
   "sentence": "BUFE, days to the next reset: 70, as of Oct 9, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$1m on May 31, 2026",
   "source": "N-PORT",
   "as_of": "2026-10-09",
   "sentence": "BUFE, net assets: $1m on May 31, 2026 (N-PORT)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.95%",
   "source": "485BPOS XBRL, Sep 28, 2026",
   "as_of": "2026-10-09",
   "sentence": "BUFE, expense ratio: 0.95% (485BPOS XBRL, Sep 28, 2026)."
  }
 ],
 "fields": [
  {
   "key": "kind",
   "label": "Kind",
   "value": "Laddered buffer ETF: a fund of 4 buffer ETFs",
   "source": null
  },
  {
   "key": "reference_index",
   "label": "Reference index",
   "value": "EEM",
   "source": null
  },
  {
   "key": "sleeves",
   "label": "Sleeves",
   "value": "TDEC, TMAR, TJUN, TSEP",
   "source": null
  },
  {
   "key": "sleeve_outcome_periods",
   "label": "Sleeve outcome periods",
   "value": "about 12 months each, ending on 4 different dates",
   "source": null
  },
  {
   "key": "weights",
   "label": "Weights",
   "value": "its report for May 31, 2026",
   "source": "N-PORT"
  },
  {
   "key": "share_of_net_assets_in_the_sleeves_etfiq_reads",
   "label": "Share of net assets in the sleeves ETFIQ reads",
   "value": "100.00%",
   "source": null
  },
  {
   "key": "can_still_gain_weighted",
   "label": "Can still gain, weighted",
   "value": "20.4%",
   "source": "ETFIQ"
  },
  {
   "key": "fall_before_the_buffers_weighted",
   "label": "Fall before the buffers, weighted",
   "value": "7.5%",
   "source": "ETFIQ"
  },
  {
   "key": "protection_left_weighted_index_points",
   "label": "Protection left, weighted, index points",
   "value": "8.6%",
   "source": "ETFIQ"
  },
  {
   "key": "next_sleeve_to_reset",
   "label": "Next sleeve to reset",
   "value": "TDEC on Dec 18, 2026, in 70 days",
   "source": null
  },
  {
   "key": "days_left_weighted",
   "label": "Days left, weighted",
   "value": "205",
   "source": "ETFIQ"
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$1m on May 31, 2026",
   "source": "N-PORT"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.95%",
   "source": "485BPOS XBRL, Sep 28, 2026"
  },
  {
   "key": "sleeve_tdec_24_95_of_net_assets",
   "label": "Sleeve TDEC, 24.95% of net assets",
   "value": "EEM, period ends Dec 18, 2026, can still gain 2.9%, fall before buffer 14.2%",
   "source": null
  },
  {
   "key": "sleeve_tmar_25_97_of_net_assets",
   "label": "Sleeve TMAR, 25.97% of net assets",
   "value": "EEM, period ends Mar 19, 2027, can still gain 11.3%, fall before buffer 14.3%",
   "source": null
  },
  {
   "key": "sleeve_tjun_24_18_of_net_assets",
   "label": "Sleeve TJUN, 24.18% of net assets",
   "value": "EEM, period ends Jun 17, 2027, can still gain 41.5%, fall before buffer 0.0%",
   "source": null
  },
  {
   "key": "sleeve_tsep_24_89_of_net_assets",
   "label": "Sleeve TSEP, 24.89% of net assets",
   "value": "EEM, period ends Sep 17, 2027, can still gain 26.9%, fall before buffer 0.8%",
   "source": null
  }
 ],
 "periods": [
  {
   "window": "3 months",
   "Total return": "+3.3%",
   "EEM price return": "\u22120.1%",
   "Gap to EEM": "+3.4 pts"
  },
  {
   "window": "6 months",
   "Total return": "+6.0%",
   "EEM price return": "+10.3%",
   "Gap to EEM": "\u22124.3 pts"
  },
  {
   "window": "Since launch",
   "Total return": "+6.4%",
   "EEM price return": "+10.5%",
   "Gap to EEM": "\u22124.1 pts"
  }
 ],
 "questions": [
  {
   "q": "What does BUFE hold?",
   "a": "BUFE holds 4 buffer ETFs: TDEC, TMAR, TJUN, TSEP. Its N-PORT for May 31, 2026 puts 100.0% of its net assets in them."
  },
  {
   "q": "How much can BUFE still gain?",
   "a": "Weighted by its N-PORT, BUFE's sleeves can still gain 20.4% as of Oct 9, 2026, each sleeve's issuer figure in fund-price terms."
  },
  {
   "q": "When does BUFE reset?",
   "a": "BUFE itself does not reset. Each sleeve resets on its own date; the next is TDEC on Dec 18, 2026, in 70 days."
  }
 ],
 "generated": "2026-10-09",
 "license": "https://etfiq.com/license/",
 "license_text": "Figures ETFIQ computes are free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.",
 "citation": "ETFIQ, BUFE, buffer ETFs, data as of Oct 9, 2026. https://etfiq.com/funds/bufe"
}