Valued Advisers Trust - m+ DynaBuffer ETF
MPDB
Chicago Board Options Exchange- -
USD
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- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 225 Pictoria Drive, Suite 450 Cincinnati OH United States of America 45246
- IPO Date
- Aug 12, 2026
- Similar Companies
- Business
- Valued Advisers Trust – m+ DynaBuffer ETF is an actively managed, non-diversified U.S. exchange-traded fund that seeks to provide leveraged, capped upside exposure to the SPDR S&P 500 ETF Trust (SPY) while seeking to reduce downside risk through exposure to the HSBC DynaBuffer US Large Cap Index. The Fund, trading under the ticker MPDB on Cboe BZX Exchange, is a series of Valued Advisers Trust, a Delaware statutory trust established in 2008 and headquartered in Cincinnati, Ohio. MPDB commenced operations on August 12, 2026, representing a recent expansion of the Trust’s m+ Funds product suite into systematic buffered U.S. large-cap equity exposure. The Fund’s principal investment products consist of unfunded total return swaps referencing the HSBC DynaBuffer US Large Cap Index; U.S. Treasury securities with remaining maturities of one year or less; cash and cash equivalents; money-market instruments; repurchase agreements; investment-grade fixed-income securities; floating-rate bonds; commercial paper; and money-market funds used for collateral, liquidity and margin-management purposes. Under normal conditions, the Fund invests at least 80% of net assets, plus borrowings for investment purposes, based on notional value, in total return swaps providing exposure to the Buffer Index. The Fund may also invest up to 25% of total assets in a wholly owned Cayman Islands subsidiary, which may hold derivative instruments, including swap agreements, to support the Fund’s investment and tax structure. The HSBC DynaBuffer US Large Cap Index is a rules-based, laddered portfolio of approximately 156 synthetic three-year buffer notes linked to SPY. Each synthetic note combines a call-spread component designed to provide 1.5x upside participation in SPY, subject to an individually determined cap, with a short put-spread component designed to absorb approximately the first 10% of SPY losses before investors participate in further declines. The index adds a new buffer-note structure weekly as an existing structure matures and resets put-spread protection quarterly, creating staggered entry dates, maturities and downside-buffer levels. MPDB obtains exposure to this index primarily through swap agreements with qualified financial institutions, rather than directly owning the underlying options or buffer notes. HSBC Bank PLC owns the index and licenses it for use by the Fund; HSBC Bank PLC is not affiliated with, and does not sponsor or advise, the Fund. Alaia Capital LLC, headquartered in New York, New York, serves as investment adviser to MPDB, while Tidal Investments LLC serves as sub-adviser. The Fund targets U.S. investors, financial advisers, model-portfolio providers and other market participants seeking an outcome-oriented equity allocation that combines exposure to U.S. large-cap equities with a systematic, dynamically refreshed downside buffer and capped enhanced upside potential. Shares are issued and redeemed at net asset value in Creation Units by authorized participants and trade in the secondary market through broker-dealers; retail investors generally buy and sell shares at prevailing market prices. The Fund’s annual management fee and total annual operating expenses are 0.70%, excluding brokerage costs and swap-related costs embedded in derivative pricing.