BUFT Fees and Costs — FT Vest Buffered Allocation Defensive ETF
Data updated: 2026-07-22
The net expense ratio is 1.21%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $195K in broker commissions, 0.1621% of average net assets, and portfolio turnover was 293%.
BUFT Fees and Expenses
Annual operating expenses and sales charges of BUFT. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.20% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 1.21% |
| Fee waiver | — |
| Net expense ratio | 1.21% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
BUFT Costs Over Time
On $10,000 invested in BUFT, assuming 5% a year before costs, total costs come to $852 over 5 years, cutting the return by 1.44% 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 1.21%) | $127 | $395 | $682 |
| Trading costs (broker commissions) | $17 | $53 | $91 |
| Lost growth on money paid in costs | $0 | $22 | $78 |
| Total costs | $144 | $470 | $852 |
| Value after costs | $10,356 | $11,106 | $11,911 |
| Impact on return, per year | 1.44% | 1.44% | 1.44% |
BUFT 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): 0.1621%
- Total broker commissions: $195K
- Bought from dealers (principal trades, not a cost): $663.4M
- Portfolio turnover (prospectus): 293%
- Securities lending: none during the year
BUFT Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| SUSQUEHANNA FINANCIAL GROUP, LLLP | $155K | 79.62% |
| OLD MISSION MARKETS LLC | $40K | 20.35% |
| Jane Street Execution Services, LLC | $35 | 0.02% |
| CITADEL SECURITIES LLC | $14 | 0.01% |
| BTIG, LLC | $7 | 0.00% |
BUFT Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $583.8M | 88.00% |
| GOLDMAN SACHS & CO. LLC | $55.7M | 8.40% |
| CITADEL SECURITIES LLC | $22.7M | 3.42% |
| VIRTU AMERICAS LLC | $1.2M | 0.18% |
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.