AB Moderate Buffer ETF (BUFM)

The AB Moderate Buffer ETF (BUFM) is an actively managed fund from AllianceBernstein designed to provide U.S. equity exposure with a moderate level of downside protection. It combines equity exposure with an options overlay that cushions a portion of losses while limiting some of the upside.

The fund is part of AllianceBernstein's family of buffer ETFs. The specific buffer size, upside cap and the options used are described in the fund's prospectus.