BUFR Fees and Costs — FT Vest Laddered Buffer ETF
Data updated: 2026-07-22
The net expense ratio is 0.95%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $22K in broker commissions, 0.0003% of average net assets, and portfolio turnover was 1%.
BUFR Fees and Expenses
Annual operating expenses and sales charges of BUFR. 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 | 0.95% |
| Fee waiver | — |
| Net expense ratio | 0.95% |
| 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 |
BUFR Costs Over Time
On $10,000 invested in BUFR, assuming 5% a year before costs, total costs come to $595 over 5 years, cutting the return by 1.00% 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 0.95%) | $100 | $311 | $540 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $15 | $55 |
| Total costs | $100 | $327 | $595 |
| Value after costs | $10,400 | $11,249 | $12,168 |
| Impact on return, per year | 1.00% | 1.00% | 1.00% |
BUFR 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): 0.0003%
- Total broker commissions: $22K
- Bought from dealers (principal trades, not a cost): $2.5B
- Portfolio turnover (prospectus): 1%
- Securities lending: none during the year
BUFR Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| SUSQUEHANNA FINANCIAL GROUP, LLLP | $13K | 59.09% |
| OLD MISSION MARKETS LLC | $5K | 24.28% |
| Jane Street Execution Services, LLC | $2K | 10.47% |
| CITADEL SECURITIES LLC | $1K | 5.01% |
| J.P. MORGAN SECURITIES LLC | $250 | 1.15% |
BUFR Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $955.2M | 38.57% |
| GOLDMAN SACHS & CO. LLC | $892.1M | 36.02% |
| JANE STREET CAPITAL, LLC | $615.7M | 24.86% |
| J.P. Morgan Securities LLC | $7.5M | 0.30% |
| VIRTU AMERICAS LLC | $6.2M | 0.25% |
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.