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Beacon

JANBAptus January Buffer ETF

DiversifierNewRanked #74 of 240 in this goal

Seeks to match the share price performance of the SPDR S&P 500 ETF Trust up to a predetermined upside Cap.

By APTUS ETFs · Launched 2025

Annual Cost

0.25%

#1,230 of 5,562 · low cost

Fund Size

$60M

#3,402 of 5,562 · mid-size

Return (1Y)Goal

N/A

Track Record

8 months

#4,856 of 5,562 · young

Performance

Total-return NAV · USD
Growth of $10,000
$10,820+8.2%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Alternative

Region

Global

Strategy

Structured outcome

Index tracked

S&P 500 Index

What it actually holds

By weight

Concentration

Top 5 holdings = 99.9% of fundconcentrated

N/A
98.5%
N/A
5.3%
First American Treasury Obliga
0.2%
N/A
-1.8%
N/A
-2.3%

Asset allocation

Stocks
193.9%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
N/A
Max drawdown
-6.5%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 match the share price performance of the SPDR S&P 500 ETF Trust up to a predetermined upside Cap.
Strategy
Invests primarily in FLEX Options referencing the SPDR S&P 500 ETF Trust to implement a structured outcome strategy. The Fund aims to provide specific investment outcomes distinct from traditional investment vehicles.
Inception date
October 13, 2025
Fund family
APTUS ETFs

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