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SQBAFT Vest U.S. Equity Quarterly 15 Buffer ETF

Seeks to provide returns that match the price return of the Underlying ETF with a 15% downside buffer.

Annual Cost

Fund Size

Dividend YieldGoal

Track Record

What's inside

How Beacon categorizes this fund

Asset class

Alternative

Strategy

Structured outcome

Listing

Exchange
Cboe BZX

Full fund details

Objective
Seeks to provide returns that match the price return of the Underlying ETF with a 15% downside buffer.
Strategy
Invests substantially all assets in FLEX Options referencing the price performance of the Underlying ETF, providing a buffer against the first 15% of losses while targeting a predetermined upside cap. Designed to deliver returns aligned with the S&P 500 Index performance.

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Buffer
Warning

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 2026-08-25