HMAYCorgi U.S. Equities 100% Structured Buffer ETF - May Series
Seeks returns matching the price return of the SPDR S&P 500 ETF Trust up to a 6.50% upside cap, with a 100% buffer against losses, over May 1, 2026 to April 30, 2027.
By Corgi Funds · Launched 2026
0.30%
#1,478 of 5,584 · low cost
$5M
#5,061 of 5,584 · small
N/A
1 month
#5,457 of 5,584 · 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 = 1.1% 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 returns matching the price return of the SPDR S&P 500 ETF Trust up to a 6.50% upside cap, with a 100% buffer against losses, over May 1, 2026 to April 30, 2027.
- Strategy
- Defined-outcome buffer ETF that uses FLEX Options on the SPDR S&P 500 ETF Trust (SPY) to deliver targeted outcomes — a capped upside (initial cap 6.50%, reset annually) and a 100% downside buffer — over one-year Outcome Periods running May to April. Investors who purchase after the Outcome Period begins or sell before it ends may receive returns that differ materially from the stated outcomes.
- 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 2026-06-23