# ProShares S&P 500 Dynamic Buffer ETF (FB): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/fb for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: ProShares · Asset class: Equity - Strategy: Buffered · Inception: 2025-06-24 FB is a passively managed fund that aims to provide exposure to the S&P 500 Index while utilizing an options strategy that seeks to deliver capped gains and a buffer against the first 1%-5% of S&P 500s loss each day. Particularly, the fund takes a long position in the S&P 500 Index along with three different S&P 500 Index options that have one day to expiration. First, the fund purchases and sells put options to measure the performance of approximately at-the-money and out-of-the-money S&P 500 Index put options, respectively. These put options create and limit the size of the buffer. Then,... ## Key Facts | Metric | Value | |---|---| | Price | $45.84 | | Expense Ratio | 0.58% | | Assets Under Management | $4.1M | | NAV | $45.71 | | Holdings Count | 0 | | Distribution Yield (TTM) | 1.82% | | Annual Distribution (TTM) | $0.83 /share | | Distribution Frequency | Quarterly | | 52-Week Range | $41.39 – $49.67 | | Beta | 0.24 | ## Latest Distribution - Amount: $0.0910 /share - Ex-date: 2026-09-23 - Pay date: 2026-09-28 ## Frequently Asked Questions ### What does FB invest in? FB is a passively managed fund that aims to provide exposure to the S&P 500 Index while utilizing an options strategy that seeks to deliver capped gains and a buffer against the first 1%-5% of S&P 500s loss each day. Particularly, the fund takes a long position in the S&P 500 Index along with three different S&P 500 Index options that have one day to expiration. First, the fund purchases and sells put options to measure the performance of approximately at-the-money and out-of-the-money S&P 500 Index put options, respectively. These put options create and limit the size of the buffer. Then, the fund writes out-of-the-money call options to create a cap on the upside participation in the S&P 500 Index returns. Both the cap and the buffer vary each day based on expected volatility. The fund will not directly write or purchase options but instead will obtain exposure to the indexs options component through swap agreements. The index rebalances and reconstitutes daily. ### What is the expense ratio of FB? ProShares S&P 500 Dynamic Buffer ETF (FB) charges an expense ratio of 0.58%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is FB? ProShares S&P 500 Dynamic Buffer ETF (FB) manages $4.1M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is FB actively managed or an index fund? FB's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy. ### When was FB launched? ProShares S&P 500 Dynamic Buffer ETF (FB) launched in June 2025 and is managed by ProShares. ### How has FB performed? FB's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does FB pay a dividend? ProShares S&P 500 Dynamic Buffer ETF (FB) currently distributes little or no income. Trailing-twelve-month yield is 1.82%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does FB pay dividends? ProShares S&P 500 Dynamic Buffer ETF pays dividends Quarterly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is FB's dividend yield? FB's trailing-twelve-month yield is 1.82%, calculated from the sum of dividends over the past year divided by the current price. ### When is FB's next ex-dividend date? The most recently announced ex-dividend date for FB was 2026-09-23. The next ex-date typically follows Quarterly; once announced it appears at the top of the dividend history table on this page. ### How much will FB's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.58% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does FB charge its expense ratio? The expense ratio is deducted in tiny daily slices from FB's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does FB cost more than a fund like VOO? FB's strategy (current expense ratio 0.58%) is different from a broad-market index tracker like VOO, so its fee belongs to a different cohort. The Cost Verdict card above shows you where FB sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to FB? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as FB (0.58%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/fb - Distribution history: https://www.dividenddata.com/funds/fb/dividend - Holdings & diversification: https://www.dividenddata.com/funds/fb/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/fb/expenses - Peer comparison: https://www.dividenddata.com/funds/fb/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.