{
 "ticker": "BUFT",
 "name": "FT Vest Buffered Allocation Defensive ETF",
 "issuer": "First Trust",
 "desk": "buffer",
 "url": "https://etfiq.com/funds/buft",
 "html": "https://etfiq.com/funds/buft",
 "markdown": "https://etfiq.com/funds/buft.md",
 "as_of": "2026-10-09",
 "verdict": "As of Oct 9, 2026, BUFT's 7 sleeves can still gain 8.8% on average and can fall 4.1% before their buffers.",
 "key_facts": [
  {
   "key": "can_still_gain_weighted",
   "label": "Can still gain, weighted",
   "value": "8.8%",
   "source": null,
   "as_of": "2026-10-09",
   "sentence": "BUFT, can still gain, weighted: 8.8%, as of Oct 9, 2026."
  },
  {
   "key": "fall_before_the_buffers_weighted",
   "label": "Fall before the buffers, weighted",
   "value": "4.1%",
   "source": null,
   "as_of": "2026-10-09",
   "sentence": "BUFT, fall before the buffers, weighted: 4.1%, as of Oct 9, 2026."
  },
  {
   "key": "protection_left_weighted_index_points",
   "label": "Protection left, weighted, index points",
   "value": "15.9%",
   "source": null,
   "as_of": "2026-10-09",
   "sentence": "BUFT, protection left, weighted, index points: 15.9%, as of Oct 9, 2026."
  },
  {
   "key": "days_to_the_next_reset",
   "label": "Days to the next reset",
   "value": "251",
   "source": null,
   "as_of": "2026-10-09",
   "sentence": "BUFT, days to the next reset: 251, as of Oct 9, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$145m on May 31, 2026",
   "source": "N-PORT",
   "as_of": "2026-10-09",
   "sentence": "BUFT, net assets: $145m on May 31, 2026 (N-PORT)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "1.21%",
   "source": "485BPOS XBRL, Dec 29, 2025",
   "as_of": "2026-10-09",
   "sentence": "BUFT, expense ratio: 1.21% (485BPOS XBRL, Dec 29, 2025)."
  }
 ],
 "fields": [
  {
   "key": "kind",
   "label": "Kind",
   "value": "Laddered buffer ETF: a fund of 7 buffer ETFs",
   "source": null
  },
  {
   "key": "reference_index",
   "label": "Reference index",
   "value": "SPY",
   "source": null
  },
  {
   "key": "sleeves",
   "label": "Sleeves",
   "value": "DJUN, FJUN, GJUN, XJUN, XJUL, XAUG, XSEP",
   "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": "8.8%",
   "source": "ETFIQ"
  },
  {
   "key": "fall_before_the_buffers_weighted",
   "label": "Fall before the buffers, weighted",
   "value": "4.1%",
   "source": "ETFIQ"
  },
  {
   "key": "protection_left_weighted_index_points",
   "label": "Protection left, weighted, index points",
   "value": "15.9%",
   "source": "ETFIQ"
  },
  {
   "key": "next_sleeve_to_reset",
   "label": "Next sleeve to reset",
   "value": "DJUN on Jun 17, 2027, in 251 days",
   "source": null
  },
  {
   "key": "days_left_weighted",
   "label": "Days left, weighted",
   "value": "273",
   "source": "ETFIQ"
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$145m on May 31, 2026",
   "source": "N-PORT"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "1.21%",
   "source": "485BPOS XBRL, Dec 29, 2025"
  },
  {
   "key": "sleeve_djun_14_50_of_net_assets",
   "label": "Sleeve DJUN, 14.50% of net assets",
   "value": "SPY, period ends Jun 17, 2027, can still gain 9.6%, fall before buffer 8.5%",
   "source": null
  },
  {
   "key": "sleeve_fjun_11_34_of_net_assets",
   "label": "Sleeve FJUN, 11.34% of net assets",
   "value": "SPY, period ends Jun 17, 2027, can still gain 11.7%, fall before buffer 4.2%",
   "source": null
  },
  {
   "key": "sleeve_gjun_15_47_of_net_assets",
   "label": "Sleeve GJUN, 15.47% of net assets",
   "value": "SPY, period ends Jun 17, 2027, can still gain 9.2%, fall before buffer 3.8%",
   "source": null
  },
  {
   "key": "sleeve_xjun_20_51_of_net_assets",
   "label": "Sleeve XJUN, 20.51% of net assets",
   "value": "SPY, period ends Jun 17, 2027, can still gain 6.9%, fall before buffer 3.8%",
   "source": null
  },
  {
   "key": "sleeve_xjul_14_79_of_net_assets",
   "label": "Sleeve XJUL, 14.79% of net assets",
   "value": "SPY, period ends Jul 16, 2027, can still gain 7.3%, fall before buffer 3.7%",
   "source": null
  },
  {
   "key": "sleeve_xaug_12_66_of_net_assets",
   "label": "Sleeve XAUG, 12.66% of net assets",
   "value": "SPY, period ends Aug 20, 2027, can still gain 8.8%, fall before buffer 2.2%",
   "source": null
  },
  {
   "key": "sleeve_xsep_10_72_of_net_assets",
   "label": "Sleeve XSEP, 10.72% of net assets",
   "value": "SPY, period ends Sep 17, 2027, can still gain 9.3%, fall before buffer 1.8%",
   "source": null
  }
 ],
 "periods": [
  {
   "window": "3 months",
   "Total return": "+2.1%",
   "SPY price return": "+3.1%",
   "Gap to SPY": "\u22121.0 pts"
  },
  {
   "window": "6 months",
   "Total return": "+4.9%",
   "SPY price return": "+14.6%",
   "Gap to SPY": "\u22129.7 pts"
  },
  {
   "window": "1 year",
   "Total return": "+9.7%",
   "SPY price return": "+16.0%",
   "Gap to SPY": "\u22126.3 pts"
  },
  {
   "window": "3 years",
   "Total return": "+33.0%",
   "SPY price return": "+79.2%",
   "Gap to SPY": "\u221246.2 pts"
  },
  {
   "window": "Since launch",
   "Total return": "+32.6%",
   "SPY price return": "+71.5%",
   "Gap to SPY": "\u221238.9 pts"
  }
 ],
 "questions": [
  {
   "q": "What does BUFT hold?",
   "a": "BUFT holds 7 buffer ETFs: DJUN, FJUN, GJUN, XJUN, XJUL, XAUG, XSEP. Its N-PORT for May 31, 2026 puts 100.0% of its net assets in them."
  },
  {
   "q": "How much can BUFT still gain?",
   "a": "Weighted by its N-PORT, BUFT's sleeves can still gain 8.8% as of Oct 9, 2026, each sleeve's issuer figure in fund-price terms."
  },
  {
   "q": "When does BUFT reset?",
   "a": "BUFT itself does not reset. Each sleeve resets on its own date; the next is DJUN on Jun 17, 2027, in 251 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, BUFT, buffer ETFs, data as of Oct 9, 2026. https://etfiq.com/funds/buft"
}