{
 "ticker": "BUFM",
 "name": "AB Moderate Buffer ETF",
 "issuer": "AllianceBernstein",
 "desk": "buffer",
 "url": "https://etfiq.com/funds/bufm",
 "html": "https://etfiq.com/funds/bufm",
 "markdown": "https://etfiq.com/funds/bufm.md",
 "as_of": "2026-10-20",
 "verdict": "From Dec 10, 2024 to Oct 20, 2026, BUFM returned 17.2%, against 27.6% for SPY.",
 "key_facts": [
  {
   "key": "buffer_by_its_prospectus",
   "label": "Buffer, by its prospectus",
   "value": "10%",
   "source": "its prospectus, 497K filed Mar 31, 2026",
   "as_of": "2026-03-31",
   "sentence": "BUFM, buffer, by its prospectus: 10%, as of Mar 31, 2026.",
   "cite": {
    "value": "10%",
    "as_of": "2026-03-31",
    "source": "its prospectus, 497K filed Mar 31, 2026",
    "url": "https://etfiq.com/funds/bufm#fact-buffer-by-its-prospectus",
    "text": "BUFM, buffer, by its prospectus: 10%, as of Mar 31, 2026."
   }
  },
  {
   "key": "return_since_listing",
   "label": "Return since listing",
   "value": "+17.2%",
   "source": "computed by ETFIQ from Tiingo daily prices",
   "as_of": "2026-10-20",
   "sentence": "BUFM, return since listing: +17.2%, as of Oct 20, 2026.",
   "cite": {
    "value": "+17.2%",
    "as_of": "2026-10-20",
    "source": "computed by ETFIQ from Tiingo daily prices",
    "url": "https://etfiq.com/funds/bufm#fact-return-since-listing",
    "text": "BUFM, return since listing: +17.2%, as of Oct 20, 2026."
   }
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.69%",
   "source": "485BPOS XBRL, Mar 27, 2026",
   "as_of": "2026-03-27",
   "sentence": "BUFM, expense ratio: 0.69% (485BPOS XBRL, Mar 27, 2026).",
   "cite": {
    "value": "0.69%",
    "as_of": "2026-03-27",
    "source": "485BPOS XBRL, Mar 27, 2026",
    "url": "https://etfiq.com/funds/bufm#fact-expense-ratio",
    "text": "BUFM, expense ratio: 0.69% (485BPOS XBRL, Mar 27, 2026)."
   }
  }
 ],
 "fields": [
  {
   "key": "kind",
   "label": "Kind",
   "value": "Buffer ETF",
   "source": null
  },
  {
   "key": "reference",
   "label": "Reference",
   "value": "SPY (SPDR S&P 500 ETF Trust)",
   "source": null
  },
  {
   "key": "outcome_period",
   "label": "Outcome period",
   "value": "about three months",
   "source": "prospectus"
  },
  {
   "key": "buffer",
   "label": "Buffer",
   "value": "the first 10% of losses in SPY",
   "source": "prospectus"
  },
  {
   "key": "cap",
   "label": "Cap",
   "value": "not read by ETFIQ",
   "source": "prospectus"
  },
  {
   "key": "cap_left_buffer_left_and_days_left",
   "label": "Cap left, buffer left and days left",
   "value": "not read by ETFIQ",
   "source": null
  },
  {
   "key": "first_traded",
   "label": "First traded",
   "value": "Dec 10, 2024",
   "source": null
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.69%",
   "source": "485BPOS XBRL, Mar 27, 2026"
  },
  {
   "key": "prospectus",
   "label": "Prospectus",
   "value": "497K filed Mar 31, 2026",
   "source": null
  }
 ],
 "periods": [
  {
   "window": "1 month",
   "Total return": "+0.3%",
   "SPY price return": "+1.0%",
   "Gap to SPY": "\u22120.7 pts"
  },
  {
   "window": "3 months",
   "Total return": "+0.9%",
   "SPY price return": "+2.8%",
   "Gap to SPY": "\u22121.9 pts"
  },
  {
   "window": "6 months",
   "Total return": "+4.3%",
   "SPY price return": "+9.2%",
   "Gap to SPY": "\u22124.9 pts"
  },
  {
   "window": "Year to date",
   "Total return": "+4.9%",
   "SPY price return": "+12.8%",
   "Gap to SPY": "\u22127.9 pts"
  },
  {
   "window": "1 year",
   "Total return": "+6.8%",
   "SPY price return": "+14.6%",
   "Gap to SPY": "\u22127.7 pts"
  },
  {
   "window": "Since launch",
   "Total return": "+17.2%",
   "SPY price return": "+27.6%",
   "Gap to SPY": "\u221210.4 pts"
  },
  {
   "window": "Since launch, annualised",
   "Total return": "+8.9%",
   "SPY price return": "\u2013",
   "Gap to SPY": "\u2013"
  }
 ],
 "questions": [
  {
   "q": "What does BUFM protect against?",
   "a": "Its prospectus says it buffers the first 10% of losses in SPY."
  },
  {
   "q": "Does BUFM have a cap?",
   "a": "Its prospectus prints no cap for its current period."
  },
  {
   "q": "When does BUFM reset?",
   "a": "Its prospectus states about three months."
  }
 ],
 "key_stats": [
  {
   "key": "high52",
   "label": "52-week high, daily closes to Oct 20, 2026",
   "value": "$41.40 on Aug 13, 2026",
   "as_of": "2026-08-13",
   "source": "computed by ETFIQ from Tiingo daily prices",
   "number": 41.395,
   "window": {
    "from": "2025-10-21",
    "to": "2026-10-20"
   }
  },
  {
   "key": "low52",
   "label": "52-week low, daily closes to Oct 20, 2026",
   "value": "$37.89 on Nov 20, 2025",
   "as_of": "2025-11-20",
   "source": "computed by ETFIQ from Tiingo daily prices",
   "number": 37.8855,
   "window": {
    "from": "2025-10-21",
    "to": "2026-10-20"
   }
  },
  {
   "key": "inrange",
   "label": "Close on Oct 20, 2026, within that range",
   "value": "$40.99, 88% of the way from the low to the high",
   "as_of": "2026-10-20",
   "source": "computed by ETFIQ from Tiingo daily prices",
   "number": 40.985
  }
 ],
 "generated": "2026-10-21",
 "license": "https://etfiq.com/license/",
 "license_text": "Figures ETFIQ computes are free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.",
 "citation": "ETFIQ, BUFM, buffer ETFs, data as of Oct 20, 2026. https://etfiq.com/funds/bufm"
}