BUFR
FT Cboe Vest U.S. Equity Buffer Strategy Fund
BUFR is an actively managed fund-of-funds which holds a laddered portfolio of FT Cboe Vest U.S. Equity Buffer ETFs.
Risk Management
DERIVATIVES
Active
MANAGEMENT STYLE
6.9 B
ASSETS UNDER MGMT
105 bp
EXPENSES
Fund Basics
| Fund sponsor | First Trust |
| Category | Risk Management |
| Asset class | Derivatives |
| Website | link... |
| Inception date | Aug 10, 2020 |
| Assets (mns) | $6,764 |
| Expense ratio | 105 bp |
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Derivatives-based | Yes |
| Options available | No |
| Currency hedged | No |
| Fund of funds | Yes |
Asset Allocation
Historical Performance
Standardized Performance (as of 06/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 4.4% | 10.0% | 12.7% | 14.0% | -- | -- | -- | 9.8% |
| Dividend Yield | 0.0% | 0.0% | 0.0% | 0.0% | -- | -- | -- | 0.0% |
| Total Returns | 4.4% | 10.0% | 12.7% | 14.0% | -- | -- | -- | 9.8% | Ann. Volatility | 15.6% | 12.0% | 9.9% | 11.0% | -- | -- | -- | 10.8% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.66 | 100% |
| MSCI EAFE | 0.48 | 55% |
| MSCI Emg Mkts | 0.34 | 29% |
Liquidity Measures
| Avg. volume (000) | 918 |
| ADV traded (mns) | $29 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.07% |
Technical Indicators
| Recent close | $31.97 |
| 30d moving avg. | $31.38 |
| Annualized volatility | 10.7% |
| Relative strength (RSI) | 63 |
| Short interest | 0.2% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Expense Analysis
| Peer Group | Active Risk Management Derivatives ETFs |
| # of ETFs | 109 |
| Avg. Expense Ratio | 85.0 bp |
| Std. Deviation | 17 bp |
| BUFR (105 bp) Percentile rank | 68 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| BUFR | 105.0 | 6.9 | 111.9 |
| Peer Avg. | 94.4 | 33.5 | 127.9 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .