HMAYCorgi U.S. Equities 100% Structured Buffer ETF - May Series
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 100% of losses.
By Corgi Funds · Launched 2026
0.30%
#1,398 of 5,913 · low cost
$4M
#5,293 of 5,913 · small
N/A
3 months
#5,437 of 5,913 · young
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundWhat it actually holds
By weightConcentration
Top 1 holdings = 1.0% of fund✓ well diversified
Asset allocation
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsWorst peak-to-trough loss
Needs 3+ years of history
Needs 3+ years of history
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 100% of losses.
- Strategy
- Invests at least 80% of net assets in FLEX Options on the SPDR S&P 500 ETF Trust to provide returns that match its price return up to an upside cap while offering a 100% downside buffer. The strategy is structured around an approximately one-year Outcome Period.
- Inception date
- May 5, 2026
- Fund family
- Corgi Funds
Similar funds
Same asset class, closest by strategy & exposureOur take
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 2026-08-15