BUFS Fees and Costs — FT Vest Laddered Small Cap Moderate Buffer ETF
Data updated: 2026-07-22
The net expense ratio is 1.01%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $864 in broker commissions, 0.0014% of average net assets, and portfolio turnover was 2%.
BUFS Fees and Expenses
Annual operating expenses and sales charges of BUFS. 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 | 1.01% |
| Fee waiver | — |
| Net expense ratio | 1.01% |
| 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 |
BUFS Costs Over Time
On $10,000 invested in BUFS, assuming 5% a year before costs, total costs come to $632 over 5 years, cutting the return by 1.06% 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 1.01%) | $106 | $331 | $574 |
| Trading costs (broker commissions) | $0 | $0 | $1 |
| Lost growth on money paid in costs | $0 | $16 | $58 |
| Total costs | $106 | $348 | $632 |
| Value after costs | $10,394 | $11,229 | $12,130 |
| Impact on return, per year | 1.06% | 1.06% | 1.06% |
BUFS 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): 0.0014%
- Total broker commissions: $864
- Bought from dealers (principal trades, not a cost): $120.3M
- Portfolio turnover (prospectus): 2%
- Securities lending: none during the year
BUFS Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| OLD MISSION MARKETS LLC | $640 | 74.07% |
| SUSQUEHANNA FINANCIAL GROUP, LLLP | $217 | 25.13% |
| Jane Street Execution Services, LLC | $7 | 0.80% |
BUFS Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $41.3M | 34.29% |
| Jane Street Execution Services, LLC | $41.1M | 34.12% |
| GOLDMAN SACHS & CO. LLC | $32.6M | 27.12% |
| J.P. Morgan Securities LLC | $5.4M | 4.47% |
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.