BufferLABS US Equity Dynamic Buffer ETF (BFLB)

The BufferLABS US Equity Dynamic Buffer ETF (BFLB) is an exchange-traded fund listed on Cboe BZX that pursues an options-based buffer strategy on U.S. stocks.

Buffer strategies seek to provide exposure to a U.S. equity benchmark while using options to absorb a portion of losses during market declines, usually in exchange for giving up some upside. The term "dynamic" suggests that this fund adjusts its buffer and upside terms on an ongoing basis rather than locking in fixed terms for a single annual outcome period.

Details about the sponsor, the reference index and how the option positions are structured and rolled are described in the fund's prospectus and should be reviewed for a full understanding of how the strategy works.