BUFI was created on 2024-12-10 by AB Funds. The fund's investment portfolio concentrates primarily on total market equity. BUFI aims to participate in the price movement of the iShares MSCI EAFE ETF (ticker: EFA), up to a cap while buffering the first 10% decline. The fund employs FLEX options to implement this strategy and resets its cap and buffer levels at each outcome period.