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Beacon

AUGZTrueShares Structured Outcome (August) ETF

Grow my moneyStay safe6y track recordRanked #203 of 357 in this goal

Tracks the S&P 500 Price Return Index while providing a buffer against the first 8% to 12% of losses over a twelve-month period.

By TrueShares · Launched 2020

Annual Cost

0.79%

#4,208 of 5,854 · expensive

Fund Size

$41M

#3,834 of 5,854 · mid-size

Return (1Y)Goal

+13.6%

Track Record

6 years

#2,116 of 5,854 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$11,341+13.4%

Total-return NAV, USD. Net of fund fees, before tax.

What's inside

How Beacon categorizes this fund

Asset class

Alternative

Region

North america

Strategy

Structured outcome

Index tracked

S&P 500 Price Return Index

What it actually holds

By weight

Concentration

Top 10 holdings = 100.6% of fundconcentrated

Treasury Bill
61.3%
STATE STREET INSTITUTIONAL US
34.8%
The Options Clearing Corp
2.3%
The Options Clearing Corp
2.3%
The Options Clearing Corp
1.0%
The Options Clearing Corp
0.0%
The Options Clearing Corp
0.0%
The Options Clearing Corp
0.0%
The Options Clearing Corp
-0.5%
The Options Clearing Corp
-0.6%

Asset allocation

Cash
87.8%
Stocks
12.2%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
10.6%Moderate

Year-on-year price swings

Max drawdown
-15.7%Moderate

Worst peak-to-trough loss

Sharpe (3Y)
0.91Decent risk-adjusted returns
Sortino (3Y)
1.34Good downside protection

Listing

Exchange
Cboe BZX

Full fund details

Objective
Tracks the S&P 500 Price Return Index while providing a buffer against the first 8% to 12% of losses over a twelve-month period.
Strategy
Actively manages a portfolio of options on the S&P 500 Price Index to track its performance while providing a buffer against the first 8% to 12% of declines. The strategy involves purchasing call options and writing put options to achieve this exposure and mitigate losses during the Investment Period.
Inception date
July 31, 2020
Fund family
TrueShares

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Buffer
Warning

You can build this cheaper yourself

Defined-outcome funds cap your gains (often 8% to 20%) in exchange for cushioning losses by 9% to 30%, priced with options. The fee runs about 0.70% or more, against 0.03% to 0.10% for a plain index fund. For most investors, a simple stock-and-bond mix gives similar protection for far less.

Sources: Morningstar, 'Buffer Funds Are on the Rise, but They May Not Make Sense for Most Investors' (2025)

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

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Data updated on 2026-08-04