{
 "ticker": "BUFQ",
 "name": "FT Vest Laddered Nasdaq Buffer ETF",
 "issuer": "First Trust",
 "desk": "buffer",
 "url": "https://etfiq.com/funds/bufq",
 "html": "https://etfiq.com/funds/bufq",
 "markdown": "https://etfiq.com/funds/bufq.md",
 "as_of": "2026-10-09",
 "verdict": "As of Oct 9, 2026, BUFQ's 4 sleeves can still gain 11.3% on average and can fall 8.5% before their buffers.",
 "key_facts": [
  {
   "key": "can_still_gain_weighted",
   "label": "Can still gain, weighted",
   "value": "11.3%",
   "source": null,
   "as_of": "2026-10-09",
   "sentence": "BUFQ, can still gain, weighted: 11.3%, as of Oct 9, 2026."
  },
  {
   "key": "fall_before_the_buffers_weighted",
   "label": "Fall before the buffers, weighted",
   "value": "8.5%",
   "source": null,
   "as_of": "2026-10-09",
   "sentence": "BUFQ, fall before the buffers, weighted: 8.5%, as of Oct 9, 2026."
  },
  {
   "key": "protection_left_weighted_index_points",
   "label": "Protection left, weighted, index points",
   "value": "10.0%",
   "source": null,
   "as_of": "2026-10-09",
   "sentence": "BUFQ, protection left, weighted, index points: 10.0%, 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": "BUFQ, days to the next reset: 70, as of Oct 9, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$1.5bn on May 31, 2026",
   "source": "N-PORT",
   "as_of": "2026-10-09",
   "sentence": "BUFQ, net assets: $1.5bn on May 31, 2026 (N-PORT)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "1.00%",
   "source": "485BPOS XBRL, Dec 29, 2025",
   "as_of": "2026-10-09",
   "sentence": "BUFQ, expense ratio: 1.00% (485BPOS XBRL, Dec 29, 2025)."
  }
 ],
 "fields": [
  {
   "key": "kind",
   "label": "Kind",
   "value": "Laddered buffer ETF: a fund of 4 buffer ETFs",
   "source": null
  },
  {
   "key": "reference_index",
   "label": "Reference index",
   "value": "QQQ",
   "source": null
  },
  {
   "key": "sleeves",
   "label": "Sleeves",
   "value": "QDEC, QMAR, QJUN, QSPT",
   "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": "99.94%",
   "source": null
  },
  {
   "key": "can_still_gain_weighted",
   "label": "Can still gain, weighted",
   "value": "11.3%",
   "source": "ETFIQ"
  },
  {
   "key": "fall_before_the_buffers_weighted",
   "label": "Fall before the buffers, weighted",
   "value": "8.5%",
   "source": "ETFIQ"
  },
  {
   "key": "protection_left_weighted_index_points",
   "label": "Protection left, weighted, index points",
   "value": "10.0%",
   "source": "ETFIQ"
  },
  {
   "key": "next_sleeve_to_reset",
   "label": "Next sleeve to reset",
   "value": "QDEC on Dec 18, 2026, in 70 days",
   "source": null
  },
  {
   "key": "days_left_weighted",
   "label": "Days left, weighted",
   "value": "206",
   "source": "ETFIQ"
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$1.5bn on May 31, 2026",
   "source": "N-PORT"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "1.00%",
   "source": "485BPOS XBRL, Dec 29, 2025"
  },
  {
   "key": "sleeve_qdec_25_44_of_net_assets",
   "label": "Sleeve QDEC, 25.44% of net assets",
   "value": "QQQ, period ends Dec 18, 2026, can still gain 2.6%, fall before buffer 13.3%",
   "source": null
  },
  {
   "key": "sleeve_qmar_24_97_of_net_assets",
   "label": "Sleeve QMAR, 24.97% of net assets",
   "value": "QQQ, period ends Mar 19, 2027, can still gain 4.3%, fall before buffer 13.8%",
   "source": null
  },
  {
   "key": "sleeve_qjun_24_18_of_net_assets",
   "label": "Sleeve QJUN, 24.18% of net assets",
   "value": "QQQ, period ends Jun 17, 2027, can still gain 20.9%, fall before buffer 3.4%",
   "source": null
  },
  {
   "key": "sleeve_qspt_25_35_of_net_assets",
   "label": "Sleeve QSPT, 25.35% of net assets",
   "value": "QQQ, period ends Sep 17, 2027, can still gain 17.9%, fall before buffer 3.4%",
   "source": null
  }
 ],
 "periods": [
  {
   "window": "3 months",
   "Total return": "+4.3%",
   "QQQ price return": "+3.5%",
   "Gap to QQQ": "+0.7 pts"
  },
  {
   "window": "6 months",
   "Total return": "+12.0%",
   "QQQ price return": "+22.9%",
   "Gap to QQQ": "\u221210.9 pts"
  },
  {
   "window": "1 year",
   "Total return": "+16.8%",
   "QQQ price return": "+23.0%",
   "Gap to QQQ": "\u22126.2 pts"
  },
  {
   "window": "3 years",
   "Total return": "+60.3%",
   "QQQ price return": "+103.8%",
   "Gap to QQQ": "\u221243.5 pts"
  },
  {
   "window": "Since launch",
   "Total return": "+106.9%",
   "QQQ price return": "+176.8%",
   "Gap to QQQ": "\u221269.9 pts"
  }
 ],
 "questions": [
  {
   "q": "What does BUFQ hold?",
   "a": "BUFQ holds 4 buffer ETFs: QDEC, QMAR, QJUN, QSPT. Its N-PORT for May 31, 2026 puts 99.9% of its net assets in them."
  },
  {
   "q": "How much can BUFQ still gain?",
   "a": "Weighted by its N-PORT, BUFQ's sleeves can still gain 11.3% as of Oct 9, 2026, each sleeve's issuer figure in fund-price terms."
  },
  {
   "q": "When does BUFQ reset?",
   "a": "BUFQ itself does not reset. Each sleeve resets on its own date; the next is QDEC 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, BUFQ, buffer ETFs, data as of Oct 9, 2026. https://etfiq.com/funds/bufq"
}