BUFZ was created on 2023-10-25 by FT Vest. The fund's investment portfolio concentrates primarily on downside hedge alternatives. BUFZ is an actively managed fund-of-funds that invests in an equal-weighted portfolio of First Trusts twelve-monthly Equity Moderate Buffer ETFs. The underlying ETFs target specific buffered losses and capped gains on the SPDR S&P 500 ETF Trust (ticker: SPY).