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Beacon

AUGZTrueShares Structured Outcome (August) ETF

Grow my moneyStay safe5y track recordRanked #189 of 340 in this goal

Seeks to provide investors with returns before fees and expenses.

By TrueShares · Launched 2020

Annual Cost

0.79%

#4,047 of 5,562 · expensive

Fund Size

$46M

#3,650 of 5,562 · mid-size

Return (1Y)Goal

+19.8%

Track Record

5 years

#2,162 of 5,562 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$12,005+20.1%

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

Classification

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 4 holdings = 98.0% of fundconcentrated

Treasury Bill
89.3%
The Options Clearing Corp
10.0%
STATE STREET INSTITUTIONAL US
0.1%
The Options Clearing Corp
-1.4%

Asset allocation

Cash
100.0%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
10.0%Low

Year-on-year price swings

Max drawdown
-15.7%Moderate

Worst peak-to-trough loss

Sharpe (3Y)
1.02Strong risk-adjusted returns
Sortino (3Y)
1.49Good downside protection

Where to buy

Listing

Exchange
Cboe BZX

Full fund details

Objective
Seeks to provide investors with returns before fees and expenses.
Strategy
Invests primarily in options on the S&P 500 Price Index using an actively managed buffer protect strategy. This approach aims to achieve exposure while managing downside risk.
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

Buffer ETF — downside protection at a cost

Defined-outcome funds cap upside (typically 8–20%) in exchange for partial downside protection (9–30%), priced via options. Fees are materially higher than the underlying index (often 0.70%+ vs 0.03–0.10%). For most pre-retirees, a simple stock/bond mix achieves similar downside behaviour at a fraction of the cost.

Source: Morningstar, 'Defined-Outcome ETFs: Useful or Uneconomic?' (2023)

Why we flagged this: strategy=structured_outcome + structured_outcome_strategy

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 2026-06-19