MPDB ETF — m+ DynaBuffer ETF

m+ DynaBuffer ETF (MPDB)

Updated November 6, 2026.

MPDB is an ETF that tracks the HSBC DynaBuffer US Large Cap Index. Its expense ratio is 0.70%. Total return is -1.5% over the past 0.2 years, 3.4 points ahead of SPY at -4.9%.

m+ DynaBuffer ETF is an actively managed fund that seeks exposure to large-cap U.S. equities through unfunded total return swaps linked to the HSBC DynaBuffer US Large Cap Index, which uses a rolling ladder of synthetic buffer notes on the S&P 500 to deliver downside protection with capped upside on a continuously resetting schedule. The fund carries an expense ratio of 0.70% and operates with a modest asset base. It may appeal to investors seeking equity exposure with structured downside buffers, though the complexity of the strategy and dynamic nature of the buffer resets distinguish it from traditional large-cap equity funds.

MPDB performance versus SPY

As of Nov 5, 2026

Total return is -1.5% over the past 0.2 years, 3.4 points ahead of SPY at -4.9%.

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

$24.51 (as of 2026-11-06)

AUM

$11,405,331

Average volume

3,469

How Dividend Vision calculates returns

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.

Yield and safety methodology · 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). This is educational context, not a recommendation to buy or sell.

More on MPDB

• All tickers starting with M

Tagged: Active, Downside Protection, Hedged, Options, Large Cap, S&P500.

Frequently asked questions

More securities from Alaia Capital.