Key stats
About Fidelity Dynamic Buffered Equity ETF
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Inception date
Apr 9, 2024
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Fidelity Diversifying Solutions LLC
Distributor
Fidelity Distributors Co. LLC
ISIN
US31624J7375
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.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Electronic Technology
Technology Services
Finance
Stocks99.39%
Electronic Technology24.34%
Technology Services21.76%
Finance14.31%
Retail Trade8.37%
Health Technology6.80%
Transportation3.61%
Consumer Services3.21%
Producer Manufacturing2.39%
Consumer Non-Durables2.25%
Consumer Durables2.00%
Process Industries1.58%
Commercial Services1.53%
Energy Minerals1.49%
Industrial Services1.26%
Communications1.04%
Non-Energy Minerals0.96%
Utilities0.76%
Health Services0.69%
Distribution Services0.39%
Bonds, Cash & Other0.61%
Cash1.26%
Futures0.21%
Rights & Warrants−0.85%
Stock breakdown by region
North America98.17%
Europe1.83%
Latin America0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
FBUF invests in stocks. The fund's major sectors are Electronic Technology, with 24.50% stocks, and Technology Services, with 21.90% of the basket. The assets are mostly located in the North America region.
FBUF top holdings are NVIDIA Corporation and Apple Inc., occupying 8.38% and 6.77% of the portfolio correspondingly.
FBUF last dividends amounted to 0.06 USD. The quarter before, the issuer paid 0.06 USD in dividends, which shows a 3.45% increase.
FBUF assets under management is 10.94 M USD. It's fallen 2.60% over the last month.
FBUF fund flows account for 2.00 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, FBUF pays dividends to its holders with the dividend yield of 0.75%. The last dividend (Jun 24, 2025) amounted to 0.06 USD. The dividends are paid quarterly.
FBUF shares are issued by FMR LLC under the brand Fidelity. The ETF was launched on Apr 9, 2024, and its management style is Active.
FBUF expense ratio is 0.48% meaning you'd have to pay 0.48% of your investment to help manage the fund.
FBUF follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
FBUF invests in stocks.
FBUF price has risen by 3.03% over the last month, and its yearly performance shows a 11.27% increase. See more dynamics on FBUF price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 2.58% over the last month, showed a 7.42% increase in three-month performance and has increased by 7.14% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 2.58% over the last month, showed a 7.42% increase in three-month performance and has increased by 7.14% in a year.
FBUF trades at a premium (0.01%) meaning the ETF is trading at a higher price than the calculated NAV.