CAUGCorgi U.S. Equities 15% Structured Buffer ETF - August Series
Seeks to provide returns that match the price return of the SPDR S&P 500 ETF Trust up to a cap while providing a 15% downside buffer.
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What's inside
How Beacon categorizes this fundListing
- Exchange
- Cboe BZX
Full fund details
- Objective
- Seeks to provide returns that match the price return of the SPDR S&P 500 ETF Trust up to a cap while providing a 15% downside buffer.
- Strategy
- Invests at least 80% of net assets in FLEX Options on the SPDR S&P 500 ETF Trust to provide returns that match the price return up to an upside cap while limiting losses through a 15% buffer. The Fund's performance is structured around defined outcome periods, with returns varying based on market conditions.
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Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
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 2026-08-06