About this ETF
An actively managed exchange-traded fund (ETF) that seeks to achieve capital appreciation with limited downside protection. The fund employs a dynamic options-based strategy on the large-cap US equity space, aiming to provide a buffer against a portion of losses while matching returns up to a predetermined upside cap. Unlike traditional buffer ETFs with fixed terms, this fund actively rolls and rebalances its options in response to market conditions.
Description from the fund data provider · profile as of Oct 24, 2026.
Price Chart
Daily closing prices (price return, not total return). Comparison lines are normalized to percent change from the range start. Source: Financial Modeling Prep.
Performance
| 1M | 3M | 6M | YTD | 1Y | 3Y* | 5Y* | 10Y* | Incep.* | |
|---|---|---|---|---|---|---|---|---|---|
| Price return | -0.52% | +1.71% | +4.48% | +8.35% | +10.18% | — | — | — | +10.21% |
| Total return | -0.52% | +1.71% | +4.48% | +8.35% | +10.18% | — | — | — | +10.21% |
* Annualized. Total return uses the dividend-adjusted price series (distributions reinvested); price return uses unadjusted closes. Performance through Oct 23, 2026. Past performance does not guarantee future results.
Fees
| Net expense ratio | 0.79% | Annual cost of a $10,000 investment | $79.00 |
Illustrative calculation only: expense ratio × $10,000. It excludes trading costs, bid/ask spreads, taxes and changes in investment value. Gross vs. net expense details and any fee waivers are in the prospectus.
Holdings
Holdings list retrieved Oct 23, 2026 · The data provider's latest disclosed portfolio for this fund. Issuers publish holdings daily or monthly, so the portfolio date can be earlier; holdings are not live positions. 6 holdings stored.
| # | Holding | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|---|
| 1 | SPY 01/15/2027 7.69 C | — | 98.53% | 863 | — |
| 2 | SPY 01/15/2027 764.72 P | — | 2.54% | 863 | — |
| 3 | First American Government Obligations Fund… | — | 0.03% | 17 | $2.0M |
| 4 | Cash & Other | — | -0.05% | -32 | -$3.0M |
| 5 | SPY 01/15/2027 830.04 C | — | -0.27% | -863 | -$18.0M |
| 6 | SPY 01/15/2027 687.86 P | — | -0.79% | -863 | -$52.0M |
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Sector Exposure
Distributions
| Yield (TTM) | — | Paid (last 12 months) | — |
| Frequency | — | SEC yield | Not provided by our data source; see the issuer page |
| Last ex-date | — | Last payment | — |
| Growth 1Y | — | Growth 3Y / 5Y (ann.) | — / — |
No distributions in our database for this fund; it may not pay them, or history has not loaded yet.
Risk Statistics
| Volatility 1Y / 3Y | 7.08% / — | Sharpe 1Y / 3Y | 0.805 / — |
| Max drawdown 1Y / 3Y | -5.14% / — | Sortino 1Y | 1.20 |
| Beta vs S&P 500 (3Y) | 0.54 | Correlation vs S&P 500 (1Y) | 0.972 |
| Downside deviation 1Y | 4.74% | Risk-free rate used | 4.04% (3M T-bill, FRED) |
Computed by ETF Explorer from daily dividend-adjusted closes; volatility and drawdown are annualized/period figures; S&P 500 exposure proxied by SPY. As of Oct 25, 2026. Formulas →
Liquidity
| Volume today | 2.45K | Average volume | 8.55K |
| AUM | $65.8M | Premium/Discount | -0.09% |
| Bid/Ask spread | Not provided by our data source. Check your broker's quote screen; spreads are widest at the open and close. | ||
Premium/discount compares the delayed market price with the last reported NAV: an indicative figure, not the official closing premium/discount. How ETF liquidity works →
Fund Flows (estimated)
| Period | Est. net flow | % of starting AUM | AUM start → end |
|---|---|---|---|
| 1 Week | $16.7K | +0.03% | $66.0M → $65.8M |
| 1 Month | -$243.3K | -0.37% | $66.4M → $65.8M |
ETF Explorer estimate: change in reported AUM minus the market-move effect, from our own daily snapshots. Not official issuer creation/redemption data.
Official Fund Resources
External links open the issuer's site or SEC EDGAR in a new tab. The prospectus and official documents are always the authoritative source; review them before investing.
Latest News for BFLB
No articles mention this fund directly in the last 7 days; showing general ETF coverage.
Guided help: AUM is fund size. The expense ratio is the yearly cost baked into returns. NAV is the value of what the fund owns per share; the market price can sit slightly above (premium) or below (discount) it. Total return assumes distributions were reinvested. Every dataset shows its own as-of date because holdings, assets and quotes update on different schedules.
BFLB