AB Moderate Buffer ETF (BUFM) is an exchange-traded fund in the Defined Outcome category. It has $439.91M in assets, an expense ratio of 0.69% and a 0.00% dividend yield. The fund seeks to achieve its investment objective by investing, under normal conditions, substantially all of its assets in a combination of exchange-traded options contracts on an underlying ETF. The underlying ETF (initially expected to be the SPDR® S&P 500® ETF Trust) is an ETF that seeks to track the investment results of the S&P 500 Index. The fund is non-diversified.