JUDBAptus July Deep Buffer ETF
Seeks SPY returns up to a predetermined upside Cap with a deep downside Buffer against SPY losses over each twelve-month Investment Period.
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#5,584 of 5,584 · expensive
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#5,584 of 5,584 · small
N/A
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#5,584 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 fundRisk 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 SPY returns up to a predetermined upside Cap with a deep downside Buffer against SPY losses over each twelve-month Investment Period.
- Strategy
- Invests substantially all assets in FLEX Options referencing the Underlying ETF to produce pre-determined target outcomes reflecting its performance over an approximate one-year period, with a deep buffer against losses and a cap on upside returns.
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