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Beacon

CMAYCorgi U.S. Equities 15% Structured Buffer ETF - May Series

Stay safeGrow my moneyNewRanked #197 of 340 in this goal

Seeks to provide returns that match the price return of the SPDR S&P 500 ETF Trust, up to an upside cap while providing a buffer against the first 15% of losses.

By Corgi Funds · Launched 2026

Annual Cost

0.30%

#1,472 of 5,562 · low cost

Fund Size

$5M

#5,032 of 5,562 · small

Dividend YieldGoal

—

Track Record

2 months

#5,425 of 5,562 · young

Performance

Total-return NAV · USD
Growth of $10,000
$10,147+1.5%

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 Index

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
N/A
Max drawdown
-1.6%Mild

Worst peak-to-trough loss

Sharpe (3Y)
Unavailable

Needs 3+ years of history

Sortino (3Y)
Not yet

Needs 3+ years of history

Where 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 an upside cap while providing a buffer against the first 15% of losses.
Strategy
Invests primarily in instruments providing exposure to the SPDR S&P 500 ETF Trust, consistent with the 80% policy. Seeks to achieve a 15% downside buffer and an upside cap on returns.
Inception date
April 30, 2026
Fund family
Corgi Funds

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