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Beacon

JULZTrueshares Structured Outcome (July) ETF

Stay safeGrow my money5y track recordRanked #223 of 340 in this goal

Seeks to track returns of the S&P 500 Price Index while providing an 8% to 12% buffer against losses over a twelve-month period.

By TrueShares · Launched 2020

Annual Cost

0.79%

#4,047 of 5,562 · expensive

Fund Size

$34M

#3,903 of 5,562 · small

Dividend YieldGoal

10.96%

Track Record

5 years

#2,149 of 5,562 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$11,986+19.9%

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

Classification

How Beacon categorizes this fund

Asset class

Alternative

Region

North america

Strategy

Structured outcome

Index tracked

S&P 500 Price Index

What it actually holds

By weight

Concentration

Top 4 holdings = 89.0% of fundconcentrated

Treasury Bill
77.3%
The Options Clearing Corp
12.2%
STATE STREET INSTITUTIONAL US
0.6%
The Options Clearing Corp
-1.1%

Asset allocation

Cash
100.0%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
10.7%Moderate

Year-on-year price swings

Max drawdown
-14.7%Mild

Worst peak-to-trough loss

Sharpe (3Y)
1.01Strong risk-adjusted returns
Sortino (3Y)
1.48Good downside protection

Where to buy

Listing

Exchange
Cboe BZX

Full fund details

Objective
Seeks to track returns of the S&P 500 Price Index while providing an 8% to 12% buffer against losses over a twelve-month period.
Strategy
Actively managed, invests primarily in options on the S&P 500 Price Index to achieve exposure while mitigating declines. Uses a buffer protect options strategy, purchasing call options and writing put options to create a downside buffer.
Inception date
June 30, 2020
Fund family
TrueShares

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