FT Vest Laddered Emerging Markets Buffer ETF (BUFE) Stock Price, Quote, News & History | Benzinga

The Fund seeks to achieve its investment objective by providing investors with emerging market equity market exposure that is subject to predetermined upside caps while attempting to limit downside risk through a laddered portfolio of four FT Vest Emerging Markets Buffer ETFs (the Underlying ETFs). Under normal conditions, the Fund will invest at least 80 percent of its net assets (plus any investment borrowings) in investments that provide exposure to securities issued by emerging market companies. The term laddered portfolio refers to the Fund's investment in multiple Underlying ETFs that have target outcome period expiration dates which occur on a rolling, or periodic, basis. See below for a discussion of target outcome periods and their meaning within the strategies of the Underlying ETFs.