CJUNCorgi U.S. Equities 15% Structured Buffer ETF - June 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 buffer against the first 15% of losses.
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Classification
How Beacon categorizes this fundWhere to buy
Listing
- 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 buffer against the first 15% of losses.
- Strategy
- Invests at least 80% of net assets in FLEX Options on the SPDR S&P 500 ETF Trust to provide exposure. The Fund seeks to achieve returns that track the Underlying ETF's price return up to a cap while providing a 15% downside buffer. The Fund's outcomes are based on the Underlying ETF's performance over an approximately one-year period, with a new cap established at the start of each Outcome Period. The Fund is not intended as an income-oriented investment and does not benefit from dividends.
Similar ETFs
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Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
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 2026-06-07