BUFQ Fees and Costs — FT Vest Laddered Nasdaq Buffer ETF
Data updated: 2026-07-22
The net expense ratio is 1.00%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $5K in broker commissions, 0.0005% of average net assets, and portfolio turnover was 1%.
BUFQ Fees and Expenses
Annual operating expenses and sales charges of BUFQ. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.10% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 1.00% |
| Fee waiver | — |
| Net expense ratio | 1.00% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
BUFQ Costs Over Time
On $10,000 invested in BUFQ, assuming 5% a year before costs, total costs come to $626 over 5 years, cutting the return by 1.05% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 1.00%) | $105 | $328 | $568 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $16 | $57 |
| Total costs | $105 | $344 | $626 |
| Value after costs | $10,395 | $11,232 | $12,137 |
| Impact on return, per year | 1.05% | 1.05% | 1.05% |
BUFQ Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0005%
- Total broker commissions: $5K
- Bought from dealers (principal trades, not a cost): $590.4M
- Portfolio turnover (prospectus): 1%
- Securities lending: none during the year
BUFQ Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| OLD MISSION MARKETS LLC | $2K | 53.59% |
| Jane Street Execution Services, LLC | $980 | 21.33% |
| SUSQUEHANNA FINANCIAL GROUP, LLLP | $431 | 9.37% |
| BOFA SECURITIES, INC. | $378 | 8.23% |
| CITADEL SECURITIES LLC | $307 | 6.68% |
| BTIG, LLC | $37 | 0.80% |
BUFQ Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CITADEL SECURITIES LLC | $164.6M | 27.87% |
| Jane Street Execution Services, LLC | $153.9M | 26.07% |
| BOFA SECURITIES, INC. | $138.3M | 23.43% |
| GOLDMAN SACHS & CO. LLC | $109.2M | 18.50% |
| VIRTU AMERICAS LLC | $12.1M | 2.04% |
| J.P. Morgan Securities LLC | $9.3M | 1.58% |
| BARCLAYS CAPITAL, INC. | $3.0M | 0.51% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.