# AB Moderate Buffer ETF (BUFM) — Overview

BUFM · NASDAQ · Fund

Canonical page: https://www.lighthorse.io/tickers/bufm

## Price

Last close $41.06 on Oct 15, 2026. 52-week range $37.89 – $41.40.

## Fund profile

BUFM aims to participate in the price movement of the SPDR S&P 500 ETF (ticker: SPY), up to a cap while buffering the first 10% decline. The fund employs FLEX options to implement this strategy and resets its cap and buffer levels at each outcome period.

| Metric | Value |
| --- | --- |
| Issuer | AllianceBernstein L.P. |
| Industry | — |
| Inception | Dec 9, 2024 |
| Assets under management | $489.3M |
| Expense ratio | 0.69% |
| Net asset value | $40.94 (as of Oct 14, 2026) |
| Distributions | Annually |
| Leverage | 1x |

## Frequently Asked Questions

### What is AB Moderate Buffer ETF (BUFM)?

BUFM aims to participate in the price movement of the SPDR S&P 500 ETF (ticker: SPY), up to a cap while buffering the first 10% decline. The fund employs FLEX options to implement this strategy and resets its cap and buffer levels at each outcome period.

### What is BUFM's expense ratio?

AB Moderate Buffer ETF charges an annual expense ratio of 0.69%. The fund is issued by AllianceBernstein L.P..

### How large is BUFM?

AB Moderate Buffer ETF manages $489.3M in assets and has traded since Dec 9, 2024.

### How do I buy shares of AB Moderate Buffer ETF (BUFM)?

BUFM trades commission-free with a Light Horse Securities brokerage account — from the mobile app, the web at [Light Horse Dashboard](https://portal.lighthorse.io), the trading API, or an [AI agent connected over MCP](/instructions/ai/claude). The trade panel on this page places the order once you are signed in.

---

Quotes and charts are not real-time and must not be relied on for trade decisions or valuation.

This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.

Data provided by [AInvest](https://www.ainvest.com).