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Launched

Beacon Unified Catalyst ETF

BSRNYSE ArcaD

$30.91−0.10 (−0.33%)

As of Oct 13, 2026, 2:49 PM

D25/ 100

Rank 118 of 127 in US Active Equity

D25/100Rank 118 of 127inUS Active Equity
Intraday session: down, 3 prints from 31.01 to 30.91. Range 30.91 to 31.01. Use the arrow keys to read each point.30.9430.9630.9831.0010 AM12 PM2 PM4 PM
Expense ratio
1.48%
Fund size
$34M
1Y total return
+9.1%
Yield · Last 12 months
2.73%
Holdings
30
Avg volume · 30D
0M sh
NAV per share
$31.05
52W range
low $28.94high $31.76
Launched

The ETF.net BSR Grade

D

Score 25 out of 100

Category
US Active Equity⁠
Rank
118 of 127
Six-pillar profile for BSR. Scores out of 100: Cost 10, Risk 51, Mission 55, Tradability 18, Holdings 38, Durability 46. Strongest: Mission (55). Weakest: Cost (10). Leans toward Mission and Risk.

Score 25 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F10 out of 100
    Rank 114 of 127

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    B55 out of 100
    Rank 39 of 48

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C51 out of 100
    Rank 64 of 126

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    F18 out of 100
    Rank 115 of 127

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    D38 out of 100
    Rank 98 of 124

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C46 out of 100
    Rank 78 of 127

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 Oct 13, 2026
Asset class
Stocks
Holdings
30
Top-10 weight
72%
Largest holding
SPY25.5%

Sectors

  • Technology38.3%
  • Health Care9.0%
  • Communication8.9%
  • Consumer Discretionary8.4%
  • Industrials7.6%
  • Financials7.4%
  • Consumer Staples6.0%
  • Energy5.4%
  • Materials3.5%
  • Real Estate3.3%
  • Utilities2.3%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 2.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001SPYSs S&P 500 Et-Us25.50%11,187$9M42
002QQQInvesco Qqq Trus24.96%11,347$9M30
003SPYMState Street Spd3.48%12,972$1M26
004SPTMSpdr Port 15003.46%12,551$1M3
005VDEVanguard Energ E2.69%5,038$917K2
006GFLWVs Gflw Etf2.41%24,130$825K1
007VGTVanguard Inf T E2.39%6,379$816K14
008VHTVanguard H/C Etf2.36%2,530$807K5
009PYLDPimco Multisect2.36%31,777$807K6
010TMSLT.rowe Small-Mc2.32%19,250$793K1
011VDCVanguard Cn St E2.23%3,358$760K2
012RSPInvesco S&P 5002.22%3,552$757K12
013VFHVanguard Fin Etf2.19%5,610$747K3
014VFLOVictoryshares Cf2.17%14,004$740K3
015VAWVanguard Mater E2.15%3,319$735K1

Showing 1–15 of 30 holdings

BSR Performance

Launched Apr 17, 2023

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

Not enough history yet.Not enough history yet.
BSR$10,911
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$12,044
Oct 10, 2025 to Oct 12, 2026. BSR $10,911. SPY $12,044. Use the arrow keys to read each point.$9,582$10,912$12,243Oct 2025Apr 2026Oct 2026

Oct 10, 2025 – Oct 12, 2026

Returns run to the Oct 12, 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+5.9%
1 month+1.5%
3 months+2.1%
1 year+9.1%
3 yearsper year+8.9%
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+5.9%
2025+4.2%
2024+12.4%
2023+4.6%

History from Apr 18, 2023

BSR in the news

Filtered to BSR · US Active Equity

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 Oct 12, 2026.
2.73%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.
9.4%
Annualised · 36 months to Sep 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.
0.43
vs 3-month T-bills · to Sep 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 123 US Active Equity funds charge less.

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

Other funds in US Active Equity

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