Buffered ETFs

Buffer ETFs are funds that seek to provide investors with the upside of an asset's returns (generally up to a capped. percentage) while also providing downside protection on the first predetermined percentage of losses (for example, on the first 10% or 15%).   Must be held to maturity of each usually 12 month outcome period for buffer protection, or one for one upside to a cap payoff.  Subject to the losses experienced by the underlying index, if such losses exceed the Buffered Protection at the end of the Outcome Period.