MPDB ETF — m+ DynaBuffer ETF

m+ DynaBuffer ETF (MPDB)

MPDB is an ETF that tracks the HSBC DynaBuffer US Large Cap Index. its expense ratio is 0.70%. Total return is -0.6% over the past 0.1 years, 0.6 points ahead of SPY at -1.2%.

m+ DynaBuffer ETF is an actively managed fund that provides exposure to the HSBC DynaBuffer US Large Cap Index, which uses a laddered portfolio of synthetic buffer notes to deliver buffered and capped exposure to large-cap U.S. equities through options strategies on the S&P 500. The fund does not currently have a stated distribution frequency and its expense ratio is 0.70%. It may appeal to investors seeking equity market exposure with built-in downside protection and defined risk parameters.

MPDB performance versus SPY

Price and return data through 2026-09-18.

Total return is -0.6% over the past 0.1 years, 0.6 points ahead of SPY at -1.2%.

MPDB key facts

Issuer

Alaia Capital

Asset type

ETF

Asset class

Equity

Inception date

08/12/2026

Expense ratio

0.70%

Distribution frequency

None

Last close

$24.89 (as of 2026-09-18)

NAV

$24.79

Premium / discount

0.40% premium

AUM

$10,451,726

Average volume

600.0

How Dividend Vision calculates yield and returns

Distribution rate (the posted rate) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Alaia Capital or company page; Fact sheet; Prospectus; Index: HSBC DynaBuffer US Large Cap Index; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

Who may consider MPDB — and who may not

It is a weaker fit for investors who need monthly cash flow (MPDB does not currently distribute); investors hunting double-digit covered-call yields. This is educational context, not a recommendation to buy or sell.

Frequently asked questions

More securities from Alaia Capital.