{
 "ticker": "BUFS",
 "name": "FT Vest Laddered Small Cap Moderate Buffer ETF",
 "issuer": "First Trust",
 "desk": "buffer",
 "url": "https://etfiq.com/funds/bufs",
 "html": "https://etfiq.com/funds/bufs",
 "markdown": "https://etfiq.com/funds/bufs.md",
 "as_of": "2026-10-09",
 "verdict": "As of Oct 9, 2026, BUFS's 4 sleeves can still gain 12.4% on average and can fall 5.6% before their buffers.",
 "key_facts": [
  {
   "key": "can_still_gain_weighted",
   "label": "Can still gain, weighted",
   "value": "12.4%",
   "source": null,
   "as_of": "2026-10-09",
   "sentence": "BUFS, can still gain, weighted: 12.4%, as of Oct 9, 2026."
  },
  {
   "key": "fall_before_the_buffers_weighted",
   "label": "Fall before the buffers, weighted",
   "value": "5.6%",
   "source": null,
   "as_of": "2026-10-09",
   "sentence": "BUFS, fall before the buffers, weighted: 5.6%, as of Oct 9, 2026."
  },
  {
   "key": "protection_left_weighted_index_points",
   "label": "Protection left, weighted, index points",
   "value": "13.3%",
   "source": null,
   "as_of": "2026-10-09",
   "sentence": "BUFS, protection left, weighted, index points: 13.3%, as of Oct 9, 2026."
  },
  {
   "key": "days_to_the_next_reset",
   "label": "Days to the next reset",
   "value": "42",
   "source": null,
   "as_of": "2026-10-09",
   "sentence": "BUFS, days to the next reset: 42, as of Oct 9, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$162m on May 31, 2026",
   "source": "N-PORT",
   "as_of": "2026-10-09",
   "sentence": "BUFS, net assets: $162m on May 31, 2026 (N-PORT)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "1.01%",
   "source": "485BPOS XBRL, Dec 29, 2025",
   "as_of": "2026-10-09",
   "sentence": "BUFS, expense ratio: 1.01% (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": "IWM",
   "source": null
  },
  {
   "key": "sleeves",
   "label": "Sleeves",
   "value": "SNOV, SFEB, SMAY, SAUG",
   "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": "99.91%",
   "source": null
  },
  {
   "key": "can_still_gain_weighted",
   "label": "Can still gain, weighted",
   "value": "12.4%",
   "source": "ETFIQ"
  },
  {
   "key": "fall_before_the_buffers_weighted",
   "label": "Fall before the buffers, weighted",
   "value": "5.6%",
   "source": "ETFIQ"
  },
  {
   "key": "protection_left_weighted_index_points",
   "label": "Protection left, weighted, index points",
   "value": "13.3%",
   "source": "ETFIQ"
  },
  {
   "key": "next_sleeve_to_reset",
   "label": "Next sleeve to reset",
   "value": "SNOV on Nov 20, 2026, in 42 days",
   "source": null
  },
  {
   "key": "days_left_weighted",
   "label": "Days left, weighted",
   "value": "179",
   "source": "ETFIQ"
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$162m on May 31, 2026",
   "source": "N-PORT"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "1.01%",
   "source": "485BPOS XBRL, Dec 29, 2025"
  },
  {
   "key": "sleeve_snov_24_91_of_net_assets",
   "label": "Sleeve SNOV, 24.91% of net assets",
   "value": "IWM, period ends Nov 20, 2026, can still gain 2.6%, fall before buffer 13.5%",
   "source": null
  },
  {
   "key": "sleeve_sfeb_25_03_of_net_assets",
   "label": "Sleeve SFEB, 25.03% of net assets",
   "value": "IWM, period ends Feb 19, 2027, can still gain 10.6%, fall before buffer 5.9%",
   "source": null
  },
  {
   "key": "sleeve_smay_25_08_of_net_assets",
   "label": "Sleeve SMAY, 25.08% of net assets",
   "value": "IWM, period ends May 21, 2027, can still gain 15.9%, fall before buffer 2.9%",
   "source": null
  },
  {
   "key": "sleeve_saug_24_89_of_net_assets",
   "label": "Sleeve SAUG, 24.89% of net assets",
   "value": "IWM, period ends Aug 20, 2027, can still gain 20.6%, fall before buffer 0.0%",
   "source": null
  }
 ],
 "periods": [
  {
   "window": "3 months",
   "Total return": "\u22121.2%",
   "IWM price return": "\u22125.8%",
   "Gap to IWM": "+4.6 pts"
  },
  {
   "window": "6 months",
   "Total return": "+4.7%",
   "IWM price return": "+6.8%",
   "Gap to IWM": "\u22122.1 pts"
  },
  {
   "window": "1 year",
   "Total return": "+9.7%",
   "IWM price return": "+13.8%",
   "Gap to IWM": "\u22124.1 pts"
  },
  {
   "window": "Since launch",
   "Total return": "+24.1%",
   "IWM price return": "+36.7%",
   "Gap to IWM": "\u221212.6 pts"
  }
 ],
 "questions": [
  {
   "q": "What does BUFS hold?",
   "a": "BUFS holds 4 buffer ETFs: SNOV, SFEB, SMAY, SAUG. Its N-PORT for May 31, 2026 puts 99.9% of its net assets in them."
  },
  {
   "q": "How much can BUFS still gain?",
   "a": "Weighted by its N-PORT, BUFS's sleeves can still gain 12.4% as of Oct 9, 2026, each sleeve's issuer figure in fund-price terms."
  },
  {
   "q": "When does BUFS reset?",
   "a": "BUFS itself does not reset. Each sleeve resets on its own date; the next is SNOV on Nov 20, 2026, in 42 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, BUFS, buffer ETFs, data as of Oct 9, 2026. https://etfiq.com/funds/bufs"
}