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Beacon

JULBAptus July Buffer ETF

Stay safeGrow my moneyNewRanked #104 of 343 in this goal

Seeks to match the share price performance of SPY up to a predetermined upside Cap while providing a buffer against losses.

By APTUS ETFs · Launched 2025

Annual Cost

0.25%

#1,232 of 5,573 · low cost

Fund Size

$37M

#3,846 of 5,573 · small

Dividend YieldGoal

—

Track Record

8 months

#4,861 of 5,573 · young

Performance

Total-return NAV · USD
Growth of $10,000
$10,884+8.8%

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

What's inside

How Beacon categorizes this fund

Asset class

Alternative

Region

North america

Strategy

Structured outcome

Index tracked

S&P 500 Index

What it actually holds

By weight

Concentration

Top 5 holdings = 100.0% of fundconcentrated

N/A
99.8%
N/A
2.5%
First American Treasury Obliga
0.2%
N/A
-0.8%
N/A
-1.7%

Asset allocation

Stocks
192.7%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
N/A
Max drawdown
-5.2%Mild

Worst peak-to-trough loss

Sharpe (3Y)
Unavailable

Needs 3+ years of history

Sortino (3Y)
Not yet

Needs 3+ years of history

Listing

Exchange
Cboe BZX

Full fund details

Objective
Seeks to match the share price performance of SPY up to a predetermined upside Cap while providing a buffer against losses.
Strategy
Invests primarily in FLEX Options referencing SPY to implement a structured outcome strategy. Aims to provide upside participation up to a Cap and limited downside protection against the first 15% of SPY losses over a twelve-month period.
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 2026-06-20