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BUFIAB International Buffer ETF

Grow my moneyDiversifier1y track recordRanked #122 of 240 in this goal

Seeks moderate capital appreciation with potential downside protection against market declines.

By AllianceBernstein · Launched 2024

Annual Cost

0.69%

#3,463 of 5,562 · average

Fund Size

$128M

#2,703 of 5,562 · mid-size

Return (1Y)Goal

+14.2%

Track Record

1 year

#3,991 of 5,562 · young

Performance

Total-return NAV · USD
Growth of $10,000
$11,404+14.0%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Alternative

Strategy

Structured outcome

Index tracked

MSCI EAFE Index

What it actually holds

By weight

Concentration

Top 5 holdings = 100.0% of fundconcentrated

Morgan Stanley & Co. LLC
98.3%
Morgan Stanley & Co. LLC
2.5%
Alliance Bernstein
0.5%
Morgan Stanley & Co. LLC
-0.6%
Morgan Stanley & Co. LLC
-0.7%

Asset allocation

Stocks
99.5%
Cash
0.5%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
8.6%Low

Year-on-year price swings

Max drawdown
-7.4%Mild

Worst peak-to-trough loss

Sharpe (3Y)
Unavailable

Needs 3+ years of history

Sortino (3Y)
Not yet

Needs 3+ years of history

Where to buy

Listing

Exchange
NASDAQ Global Select Market

Full fund details

Objective
Seeks moderate capital appreciation with potential downside protection against market declines.
Strategy
Actively managed ETF investing primarily in exchange-traded options on an underlying ETF, initially expected to be the iShares MSCI EAFE ETF. The strategy aims for returns up to a 4-5% cap while providing a buffer against declines of up to 10% over typical 90-120 day periods.
Inception date
December 9, 2024
Fund family
AllianceBernstein

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Buffer
Warning

Buffer ETF — downside protection at a cost

Defined-outcome funds cap upside (typically 8–20%) in exchange for partial downside protection (9–30%), priced via options. Fees are materially higher than the underlying index (often 0.70%+ vs 0.03–0.10%). For most pre-retirees, a simple stock/bond mix achieves similar downside behaviour at a fraction of the cost.

Source: Morningstar, 'Defined-Outcome ETFs: Useful or Uneconomic?' (2023)

Why we flagged this: strategy=structured_outcome + structured_outcome_strategy

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

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Data updated on 2026-06-19