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Beacon

BUFMAB Moderate Buffer ETF

Grow my moneyDiversifier1y track recordRanked #83 of 240 in this goal

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

By AllianceBernstein · Launched 2024

Annual Cost

0.69%

#3,472 of 5,573 · average

Fund Size

$416M

#1,724 of 5,573 · large

Return (1Y)Goal

+12.2%

Track Record

1 year

#3,996 of 5,573 · young

Performance

Total-return NAV · USD
Growth of $10,000
$11,213+12.1%

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

What's inside

How Beacon categorizes this fund

Asset class

Alternative

Region

Global

Strategy

Structured outcome

Index tracked

S&P 500 Index

What it actually holds

By weight

Concentration

Top 5 holdings = 100.0% of fundconcentrated

Morgan Stanley & Co. LLC
100.0%
Morgan Stanley & Co. LLC
0.6%
Alliance Bernstein
0.5%
Morgan Stanley & Co. LLC
-0.1%
Morgan Stanley & Co. LLC
-0.9%

Asset allocation

Stocks
99.5%
Cash
0.5%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
6.0%Low

Year-on-year price swings

Max drawdown
-9.4%Mild

Worst peak-to-trough loss

Sharpe (3Y)
Unavailable

Needs 3+ years of history

Sortino (3Y)
Not yet

Needs 3+ years of history

Listing

Exchange
NASDAQ Global Select Market

Full fund details

Objective
Seeks moderate capital appreciation with potential downside protection against market declines.
Strategy
Invests primarily in exchange-traded options on an underlying ETF, initially expected to be the SPDR S&P 500 ETF Trust. 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 2026-06-20