BUFQ – FT Vest Laddered Nasdaq Buffer ETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks to provide investors with capital appreciation. The fund seeks to achieve its investment objective by providing investors with large-cap equity market exposure while attempting to limit downside risk through a laddered portfolio of four FT Cboe Vest Nasdaq-100® Buffer ETFs. The Underlying ETFs invest substantially all of their assets in FLEX Options on QQQ. FLEX Options are customizable exchange-traded option contracts guaranteed for settlement by the Options Clearing Corporation. The fund is non-diversified.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
BUFQ	FT Vest Laddered Nasdaq Buffer ETF	ETF	Open	—	—	Jun 15, 2022	$1.67B	1.000%	—	—	$414.63M

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