FT Vest Buffered Allocation Growth ETF

FT Vest Buffered Allocation Growth ETF is an actively managed exchange-traded fund designed to seek capital appreciation through a fund-of-funds approach. The ETF invests primarily in a portfolio of other First Trust buffer ETFs that are linked to the price performance of the SPDR S&P 500 ETF Trust, aiming to provide capped upside participation while incorporating a defined buffer against a portion of losses over a one-year outcome period. Rather than holding individual stocks directly, BUFG uses a laddered allocation across multiple buffer strategies, which helps spread exposure across different reset periods. The fund is intended to offer investors a structured equity allocation that blends growth potential with built-in downside management. As part of the FT Vest lineup, BUFG plays a role in the defined-outcome ETF market, where portfolio construction is centered on rule-based exposure to broad U.S. equity performance.