FBUF Fidelity Dynamic Buffered Equity ETF
Quote as of Nov 02, 2026 20:59 UTC · Quotes are refreshed hourly from the data provider, so during market hours a price can be up to about 1–2 hours old; each quote shows its own timestamp.
| Previous Close | 33.24 | Day Range | 33.24 – 33.48 |
| 52-Week Range | 29.62 – 33.97 | Volume | 8.25K |
| Avg Volume | 7.09K | AUM | $25.8M (Nov 03, 2026) |
| Expense Ratio | 0.52% | Yield (TTM) | 0.58% |
| NAV | 33.17 | Premium/Discount | +0.21% indicative |
| Inception | Apr 09, 2024 | Holdings | 179 |
| Issuer | Fidelity | Exchange | CBOE |
| Category | Buffer | Index Tracked | S&P 500 |
| CUSIP | 31624J737 | ISIN | US31624J7375 |
| Structure | Buffer / Defined Outcome | ||
| Management | Not stated in source data | ||
About this ETF
FBUF seeks capital appreciation by investing in a large-cap equity portfolio of US and foreign stocks while utilizing a defensive options collar strategy. The fund aims to outperform the S&P 500 by picking stocks using a computer-aided, quantitative analysis of factors like historical valuation, growth, and profitability. The proprietary process seeks to find the optimal portfolio holdings, overweight stocks with positive characteristics, and manage benchmark relative risks. The fund typically buys out-of-the-money put options on the S&P 500 Index and simultaneously sells out-of-the-money S&P 500 Index call options. Premium earned from writing calls is intended to offset the cost of buying puts but essentially caps the upside returns of the equity portfolio. For a continuous downside hedge, the adviser selects put options through a laddered approach that rolls monthly. The adviser diversifies the written call positions, rolled weekly, with different strike prices and expiration dates.
Description from the fund data provider · profile as of Nov 03, 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 | -0.92% | +0.03% | +5.29% | +7.61% | +9.06% | — | — | — | +11.93% |
| Total return | -0.92% | +0.15% | +5.56% | +8.10% | +9.70% | — | — | — | +12.67% |
* Annualized. Total return uses the dividend-adjusted price series (distributions reinvested); price return uses unadjusted closes. Performance through Nov 02, 2026. Past performance does not guarantee future results.
Fees
| Net expense ratio | 0.52% | Annual cost of a $10,000 investment | $52.00 |
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 31, 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. 179 holdings stored, 25 shown.
| # | Holding | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|---|
| 1 | NVIDIA CORP | NVDA | 7.98% | 10.37K | $2.2M |
| 2 | APPLE INC | AAPL | 7.88% | 6.26K | $2.2M |
| 3 | MICROSOFT CORP | MSFT | 5.20% | 2.72K | $1.4M |
| 4 | AMAZON.COM INC | AMZN | 3.73% | 4.25K | $1.0M |
| 5 | CASH CF | — | 2.78% | 770.54K | $770.7K |
| 6 | BROADCOM INC | AVGO | 2.69% | 2.16K | $746.6K |
| 7 | ALPHABET INC CL A | GOOGL | 2.48% | 2.42K | $687.4K |
| 8 | META PLATFORMS INC CL A | META | 2.25% | 999 | $623.9K |
| 9 | BERKSHIRE HATHAWAY INC CL B | BRK-B | 1.99% | 1.02K | $551.7K |
| 10 | ELI LILLY & CO | LLY | 1.94% | 391 | $537.1K |
| 11 | JPMORGAN CHASE & CO | JPM | 1.81% | 1.46K | $502.7K |
| 12 | ALPHABET INC CL C | GOOG | 1.71% | 1.68K | $475.1K |
| 13 | MICRON TECHNOLOGY INC | MU | 1.63% | 483 | $451.3K |
| 14 | MASTERCARD INC CL A | MA | 1.27% | 554 | $352.2K |
| 15 | EXXONMOBIL HOLDINGS CORP | XOM | 1.26% | 1.91K | $349.4K |
| 16 | VISA INC CL A | V | 1.18% | 797 | $327.2K |
| 17 | TESLA INC | TSLA | 1.16% | 795 | $320.6K |
| 18 | CISCO SYSTEMS INC | CSCO | 1.06% | 2.71K | $293.8K |
| 19 | UNITEDHEALTH GROUP INC | UNH | 1.00% | 675 | $277.4K |
| 20 | ADVANCED MICRO DEVICES INC | AMD | 0.92% | 449 | $254.3K |
| 21 | BANK OF AMERICA CORPORATION | BAC | 0.89% | 4.82K | $246.4K |
| 22 | COSTCO WHOLESALE CORP | COST | 0.88% | 244 | $243.0K |
| 23 | GILEAD SCIENCES INC | GILD | 0.84% | 1.41K | $233.0K |
| 24 | CHEVRON CORP | CVX | 0.83% | 994 | $230.1K |
| 25 | ABBVIE INC | ABBV | 0.82% | 787 | $228.9K |
Click a ticker to see every ETF that owns it.
Sector Exposure
Geographic Exposure
Country weights as reported by the data provider. Developed/emerging/frontier labels follow the classification on the Methodology page. Currency hedged: No hedging indicated in the fund name.
Distributions
| Yield (TTM) | 0.58% | Paid (last 12 months) | $0.1930 |
| Frequency | Quarterly | SEC yield | Not provided by our data source; see the issuer page |
| Last ex-date | Sep 18, 2026 | Last payment | $0.0450 (Sep 22, 2026) |
| Growth 1Y | -8.96% | Growth 3Y / 5Y (ann.) | — / — |
| Ex-date | Record | Pay date | Amount |
|---|---|---|---|
| Sep 18, 2026 | Sep 18, 2026 | Sep 22, 2026 | $0.0450 |
| Jun 18, 2026 | Jun 18, 2026 | Jun 23, 2026 | $0.0450 |
| Mar 20, 2026 | Mar 20, 2026 | Mar 24, 2026 | $0.0600 |
| Dec 19, 2025 | Dec 19, 2025 | Dec 23, 2025 | $0.0430 |
| Sep 19, 2025 | Sep 19, 2025 | Sep 23, 2025 | $0.0420 |
| Jun 20, 2025 | Jun 20, 2025 | Jun 24, 2025 | $0.0580 |
| Mar 21, 2025 | Mar 21, 2025 | Mar 25, 2025 | $0.0560 |
| Dec 20, 2024 | Dec 20, 2024 | Dec 24, 2024 | $0.0560 |
| Sep 20, 2024 | Sep 20, 2024 | Sep 24, 2024 | $0.0490 |
| Jun 21, 2024 | Jun 21, 2024 | Jun 25, 2024 | $0.0410 |
Trailing distribution yield = last 12 months of cash ÷ current price. It is NOT the SEC 30-day yield and distributions are not guaranteed to continue. The difference explained →
Risk Statistics
| Volatility 1Y / 3Y | 8.31% / 9.41% | Sharpe 1Y / 3Y | 0.692 / 0.93 |
| Max drawdown 1Y / 3Y | -5.62% / -11.10% | Sortino 1Y | 0.984 |
| Beta vs S&P 500 (3Y) | 0.563 | Correlation vs S&P 500 (1Y) | 0.936 |
| Downside deviation 1Y | 5.85% | Risk-free rate used | 3.99% (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 Nov 03, 2026. Formulas →
Liquidity
| Volume today | 8.25K | Average volume | 7.09K |
| AUM | $25.8M | Premium/Discount | +0.21% |
| 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 →
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 FBUF
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.