BUFH
FT Vest Laddered Max Buffer ETF
stock BATS ETF

Basically, they buy the S&P500 (in the case of these, IVV) and also trade options against IVV to protect against a drawdown. Some buffered instruments offer a 10% or 20% drawdown buffer. These specific iShares ETFs provide a max buffer to protect against even a larger drawdown. The trade-off is a limit on what the fund can return (as there's a cost in trading the options). These 4 are each for a 12-month period starting each quarter. You buy all 4 (best to start as close to the starting date for each for proper market buffering) to create a ladder of buffered ETFs.
There's other buffered ETFs out there which combine into one laddered ETFs for simplicity. But I believe they're all either 10% or 20% buffered, not max. Examples are BALT are BUFH.
This may be some help:
[https://www.ishares.com/us/literature/product-brief/seek-to-maximize-protection-en-us-product-brief.pdf](https://www.ishares.com/us/literature/product-brief/seek-to-maximize-protection-en-us-product-brief.pdf)

Basically, they buy the S&P500 (in the case of these, IVV) and also trade options against IVV to protect against a drawdown. Some buffered instruments offer a 10% or 20% drawdown buffer. These specific iShares ETFs provide a max buffer to protect against even a larger drawdown. The trade-off is a limit on what the fund can return (as there's a cost in trading the options). These 4 are each for a 12-month period starting each quarter. You buy all 4 (best to start as close to the starting date for each for proper market buffering) to create a ladder of buffered ETFs.
There's other buffered ETFs out there which combine into one laddered ETFs for simplicity. But I believe they're all either 10% or 20% buffered, not max. Examples are BALT are BUFH.
This may be some help:
[https://www.ishares.com/us/literature/product-brief/seek-to-maximize-protection-en-us-product-brief.pdf](https://www.ishares.com/us/literature/product-brief/seek-to-maximize-protection-en-us-product-brief.pdf)