{
 "ticker": "BUFX",
 "name": "FT Vest Laddered Enhance & Moderate Buffer ETF",
 "issuer": "First Trust",
 "desk": "buffer",
 "url": "https://etfiq.com/funds/bufx",
 "html": "https://etfiq.com/funds/bufx",
 "markdown": "https://etfiq.com/funds/bufx.md",
 "as_of": "2026-10-09",
 "verdict": "As of Oct 9, 2026, BUFX's 12 sleeves can still gain 4.3% on average and can fall 6.0% before their buffers.",
 "key_facts": [
  {
   "key": "can_still_gain_weighted",
   "label": "Can still gain, weighted",
   "value": "4.3%",
   "source": null,
   "as_of": "2026-10-09",
   "sentence": "BUFX, can still gain, weighted: 4.3%, as of Oct 9, 2026."
  },
  {
   "key": "fall_before_the_buffers_weighted",
   "label": "Fall before the buffers, weighted",
   "value": "6.0%",
   "source": null,
   "as_of": "2026-10-09",
   "sentence": "BUFX, fall before the buffers, weighted: 6.0%, as of Oct 9, 2026."
  },
  {
   "key": "protection_left_weighted_index_points",
   "label": "Protection left, weighted, index points",
   "value": "15.0%",
   "source": null,
   "as_of": "2026-10-09",
   "sentence": "BUFX, protection left, weighted, index points: 15.0%, as of Oct 9, 2026."
  },
  {
   "key": "days_to_the_next_reset",
   "label": "Days to the next reset",
   "value": "7",
   "source": null,
   "as_of": "2026-10-09",
   "sentence": "BUFX, days to the next reset: 7, as of Oct 9, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$12m on May 31, 2026",
   "source": "N-PORT",
   "as_of": "2026-10-09",
   "sentence": "BUFX, net assets: $12m on May 31, 2026 (N-PORT)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.96%",
   "source": "485BPOS XBRL, Dec 29, 2025",
   "as_of": "2026-10-09",
   "sentence": "BUFX, expense ratio: 0.96% (485BPOS XBRL, Dec 29, 2025)."
  }
 ],
 "fields": [
  {
   "key": "kind",
   "label": "Kind",
   "value": "Laddered buffer ETF: a fund of 12 buffer ETFs",
   "source": null
  },
  {
   "key": "reference_index",
   "label": "Reference index",
   "value": "SPY",
   "source": null
  },
  {
   "key": "sleeves",
   "label": "Sleeves",
   "value": "XOCT, XNOV, XDEC, XJAN, XFEB, XMAR, XAPR, XMAY, XJUN, XJUL, XAUG, XSEP",
   "source": null
  },
  {
   "key": "sleeve_outcome_periods",
   "label": "Sleeve outcome periods",
   "value": "about 12 months each, ending on 12 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": "99.97%",
   "source": null
  },
  {
   "key": "can_still_gain_weighted",
   "label": "Can still gain, weighted",
   "value": "4.3%",
   "source": "ETFIQ"
  },
  {
   "key": "fall_before_the_buffers_weighted",
   "label": "Fall before the buffers, weighted",
   "value": "6.0%",
   "source": "ETFIQ"
  },
  {
   "key": "protection_left_weighted_index_points",
   "label": "Protection left, weighted, index points",
   "value": "15.0%",
   "source": "ETFIQ"
  },
  {
   "key": "next_sleeve_to_reset",
   "label": "Next sleeve to reset",
   "value": "XOCT on Oct 16, 2026, in 7 days",
   "source": null
  },
  {
   "key": "days_left_weighted",
   "label": "Days left, weighted",
   "value": "175",
   "source": "ETFIQ"
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$12m on May 31, 2026",
   "source": "N-PORT"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.96%",
   "source": "485BPOS XBRL, Dec 29, 2025"
  },
  {
   "key": "sleeve_xoct_8_42_of_net_assets",
   "label": "Sleeve XOCT, 8.42% of net assets",
   "value": "SPY, period ends Oct 16, 2026, can still gain 0.0%, fall before buffer 9.4%",
   "source": null
  },
  {
   "key": "sleeve_xnov_8_40_of_net_assets",
   "label": "Sleeve XNOV, 8.40% of net assets",
   "value": "SPY, period ends Nov 20, 2026, can still gain 0.5%, fall before buffer 9.6%",
   "source": null
  },
  {
   "key": "sleeve_xdec_8_40_of_net_assets",
   "label": "Sleeve XDEC, 8.40% of net assets",
   "value": "SPY, period ends Dec 18, 2026, can still gain 1.2%, fall before buffer 8.1%",
   "source": null
  },
  {
   "key": "sleeve_xjan_8_43_of_net_assets",
   "label": "Sleeve XJAN, 8.43% of net assets",
   "value": "SPY, period ends Jan 15, 2027, can still gain 1.9%, fall before buffer 7.4%",
   "source": null
  },
  {
   "key": "sleeve_xfeb_8_45_of_net_assets",
   "label": "Sleeve XFEB, 8.45% of net assets",
   "value": "SPY, period ends Feb 19, 2027, can still gain 2.6%, fall before buffer 7.0%",
   "source": null
  },
  {
   "key": "sleeve_xmar_8_33_of_net_assets",
   "label": "Sleeve XMAR, 8.33% of net assets",
   "value": "SPY, period ends Mar 19, 2027, can still gain 2.8%, fall before buffer 8.5%",
   "source": null
  },
  {
   "key": "sleeve_xapr_8_18_of_net_assets",
   "label": "Sleeve XAPR, 8.18% of net assets",
   "value": "SPY, period ends Apr 16, 2027, can still gain 4.2%, fall before buffer 5.7%",
   "source": null
  },
  {
   "key": "sleeve_xmay_8_21_of_net_assets",
   "label": "Sleeve XMAY, 8.21% of net assets",
   "value": "SPY, period ends May 21, 2027, can still gain 5.9%, fall before buffer 4.7%",
   "source": null
  },
  {
   "key": "sleeve_xjun_8_19_of_net_assets",
   "label": "Sleeve XJUN, 8.19% 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_8_28_of_net_assets",
   "label": "Sleeve XJUL, 8.28% 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_8_32_of_net_assets",
   "label": "Sleeve XAUG, 8.32% 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_8_37_of_net_assets",
   "label": "Sleeve XSEP, 8.37% 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": "+2.3%",
   "SPY price return": "+3.1%",
   "Gap to SPY": "\u22120.8 pts"
  },
  {
   "window": "6 months",
   "Total return": "+5.8%",
   "SPY price return": "+14.6%",
   "Gap to SPY": "\u22128.8 pts"
  },
  {
   "window": "1 year",
   "Total return": "+9.3%",
   "SPY price return": "+16.0%",
   "Gap to SPY": "\u22126.7 pts"
  },
  {
   "window": "Since launch",
   "Total return": "+13.2%",
   "SPY price return": "+28.2%",
   "Gap to SPY": "\u221215.0 pts"
  }
 ],
 "questions": [
  {
   "q": "What does BUFX hold?",
   "a": "BUFX holds 12 buffer ETFs: XOCT, XNOV, XDEC, XJAN, XFEB, XMAR, XAPR, XMAY, XJUN, XJUL, XAUG, XSEP. Its N-PORT for May 31, 2026 puts 100.0% of its net assets in them."
  },
  {
   "q": "How much can BUFX still gain?",
   "a": "Weighted by its N-PORT, BUFX's sleeves can still gain 4.3% as of Oct 9, 2026, each sleeve's issuer figure in fund-price terms."
  },
  {
   "q": "When does BUFX reset?",
   "a": "BUFX itself does not reset. Each sleeve resets on its own date; the next is XOCT on Oct 16, 2026, in 7 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, BUFX, buffer ETFs, data as of Oct 9, 2026. https://etfiq.com/funds/bufx"
}