HJUNCorgi U.S. Equities 100% Structured Buffer ETF - June Series
Seeks to provide investors with returns that generally match the price return of the SPDR S&P 500 ETF Trust, up to the upside cap while providing a buffer against 100% of losses.
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Classification
How Beacon categorizes this fundAsset class
AlternativeRegion
North americaStrategy
Structured outcome
Index tracked
SPDR S&P 500 ETF Trust.
Where to buy
Listing
- Exchange
- Cboe BZX
Full fund details
- Objective
- Seeks to provide investors with returns that generally match the price return of the SPDR S&P 500 ETF Trust, up to the upside cap while providing a buffer against 100% of losses.
- Strategy
- Invests primarily in FLEX Options on the SPDR S&P 500 ETF Trust, providing exposure to its price return while offering a 100% buffer against losses over the Outcome Period from June 1, 2026 to May 31, 2027. The Fund will invest at least 80% of its net assets in these options, aiming to achieve returns that match the Underlying ETF's performance up to a cap determined by market conditions. The Fund is not intended as an income-oriented investment and does not benefit from dividends paid by the Underlying ETF.
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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 2026-06-06