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BSR

GradeDNew York Stock Exchange Arca

Beacon Unified Catalyst ETF

Active Equity · Beacon · Inception 2023-04-17

$30.97+0.00 (+0.00%)

As of Sep 23, 2026, 9:46 AM EDT

Market opens at 9:30 AM ET.History starts Apr 18, 2023.
Intraday session: up, 6 prints from 30.17 to 30.97. Range 30.17 to 30.97. Use the arrow keys to read each point.$30.20$30.40$30.60$30.80Sep 17Sep 18Sep 21Sep 22Sep 23
Expense ratio
1.48%
Fund size
$34M
1Y return
+6.7%
Yield · Last 12 months
2.74%
Holdings
31
Volume · 30D
0M sh
NAV per share
$30.45
52W range
low $28.94high $31.76

The ETF.net BSR Grade

D

25/ 100

Rank 115 of 127 in US Active Equity

Confidence High

Six-pillar profile for BSR. Scores out of 100: Cost 8, Risk 53, Mission 56, Tradability 18, Holdings 38, Durability 48. Strongest: Mission (56). Weakest: Cost (8). Leans toward Mission and Risk.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 25 of 100 sits in the D band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    FScore 8
    Category rank117/127 · bottom quartile
  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    BScore 56
    Category rank39/48 · bottom quartile
  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    CScore 53
    Category rank61/126 · top 48%
  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    FScore 18
    Category rank107/127 · bottom quartile
  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    DScore 38
    Category rank96/124 · bottom quartile
  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    CScore 48
    Category rank76/127 · mid-pack

Graded as of Sep 22, 2026

Our read on BSR

ETF.net Research

DBSR skips stock picking entirely: it is an actively managed basket of Vanguard sector ETFs, built on the idea that the payoff sits in which slices of the US market you hold, not which companies. Cheap parts, active fee on top.

Stated mandate

The fund seeks long-term capital appreciation through an actively managed fund-of-funds structure investing in Vanguard sector ETFs.

Why people hold it

  1. 01One ticker, one decision: the manager moves weights among Vanguard sector funds, so you hold a diversified US equity mix without calling the sector rotation yourself.
  2. 02The building blocks are plain index funds, so the only moving part is sector weighting, not stock selection. Easy to see what you actually own.
  3. 03Mandate stays home: US equities only, so no currency swings or overseas markets slip into the mix.
  4. 04Conventional 1940 Act fund structure, with the daily creation and redemption plumbing and disclosure rules every US-listed ETF runs on.

Worth knowing

  1. 01Cost is the trade-off: 1.43% a year, stacked on top of the underlying Vanguard funds. Peers like DFAU (0.12%) and DFAC (0.17%) charge a sliver of that.
  2. 02A small fund that trades lightly, so bid-ask spreads can run wider than on a heavily traded sector ETF.
  3. 03Payouts land once or twice a year at most, and the fund only launched in 2023, so there is limited history behind its sector calls.

BSR Holdings

As of Sep 20, 2026, 10:07 AM
Asset class
Stocks
Holdings
31
Top-10 weight
73%
Largest holding
SPY25.4%

Sectors

  • Technology36.2%
  • Health Care9.1%
  • Consumer Discr.8.9%
  • Communication8.4%
  • Financials7.8%
  • Industrials7.2%
  • Cons. Staples6.1%
  • Energy5.6%
  • Materials3.8%
  • Utilities3.6%
  • Real Estate3.4%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 2.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001SPYSS S&P 500 ET-US25.43%11,490$9M38
002QQQINVESCO QQQ TRUS24.44%11,656$8M26
003VFLOVICTORYSHARES CF3.50%22,705$1M3
004SPYMSTATE STREET SPD3.47%13,323$1M25
005SPTMSPDR PORT 15003.46%12,893$1M3
006VDEVANGUARD ENERG E2.71%5,173$933K2
007PYLDPIMCO MULTISECT2.44%32,641$841K6
008VHTVANGUARD H/C ETF2.39%2,599$821K4
009TMSLT.ROWE SMALL-MC2.37%19,772$817K1
010VGTVANGUARD INF T E2.33%6,550$801K11
011VFHVANGUARD FIN ETF2.28%5,763$786K4
012RSPINVESCO S&P 5002.25%3,648$774K13
013VDCVANGUARD CN ST E2.24%3,448$771K2
014VAWVANGUARD MATER E2.21%3,409$762K1
015VNQVANGUARD REAL ES2.17%8,039$747K6

Showing 1–15 of 30 holdings

BSR Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

BSR$10,669
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. BSR $10,669. SPY $11,723. Use the arrow keys to read each point.$9,353$10,646$11,940Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for BSR. Periods over one year show the average yearly return.
PeriodBSR
Year to date+5.8%
1 month+0.6%
3 months+2.8%
1 year+6.7%
3 years+8.9%per year
5 yearsFund is under 5 years oldper year
10 yearsFund is under 10 years oldper year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for BSR
YearReturn barBSR
2026 YTD+5.8%
2025+4.2%
2024+12.4%
2023+4.6%

History from Apr 18, 2023

BSR in the news

ETF.net Research hasn’t filed on BSR yet — coverage lands here as it’s written.

BSR Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
2.74%Last 12 months
Payout per share
$0.85Last 12 months
Last payment
$0.85 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Annual

Distribution history

2023–2026

One bar per payment. 3 payments from 2023 to 2026 YTD. Dec 26, 2023 $0.28; Dec 27, 2024 $0.26; Dec 26, 2025 $0.85. Use the arrow keys to read each point.2023202420252026YTD
Ex-datePay dateAmount per share
Dec 26, 2025Jan 2, 2026$0.85
Dec 27, 2024Jan 3, 2025$0.26
Dec 26, 2023Jan 2, 2024$0.28

BSR Risk

How much the fund’s monthly returns vary, scaled to a year.
9.7%
Annualised · 36 months to Aug 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.31
vs 3-month T-bills · to Aug 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−15.7%
41 months · trough May 2025
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.87
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

BSR Cost

Expense ratio1.48%
  • The middle half of US Active Equity funds
  • Median 0.70%

112 of the 124 US Active Equity funds charge less.

BSR costs $148.00 a year on $10,000. The median US Active Equity fund costs $70.00.