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Trending ETFs

Name

As of 06/21/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$11.14

$94.4 M

0.00%

1.28%

Vitals

YTD Return

7.4%

1 yr return

17.3%

3 Yr Avg Return

6.2%

5 Yr Avg Return

9.4%

Net Assets

$94.4 M

Holdings in Top 10

93.0%

52 WEEK LOW AND HIGH

$11.2
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.28%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 0.00%

Redemption Fee 2.00%


Min Investment

Standard (Taxable)

$1,000,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 06/21/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$11.14

$94.4 M

0.00%

1.28%

BARLX - Profile

Distributions

  • YTD Total Return 7.4%
  • 3 Yr Annualized Total Return 6.2%
  • 5 Yr Annualized Total Return 9.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -1.22%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Beacon Accelerated Return Strategy Fund
  • Fund Family Name
    Beacon Investment Advisory
  • Inception Date
    Oct 02, 2017
  • Shares Outstanding
    10206708
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Erman Civelek

Fund Description

The Fund seeks to outperform U.S. equity markets in modestly rising market environments, to capture most of the equity returns in strong bull markets, and attempt to generate returns that approximate the U.S. equity markets in falling markets, gross of fees.

The Fund seeks to capture returns through a systematic investment process of obtaining exposure to the U.S. equity markets primarily through the options markets. “Accelerated return” refers to the Fund’s goal of seeking to enhance (accelerate) returns relative to the returns of the U.S. equity indices through the purchase and sale of call options.

The Fund employs a long/short equity strategy by following a disciplined and systematic investment process. The returns sought to be generated by the strategy are derived from two distinct elements:

returns from directional market movements; and

returns from option premium or income.

The “directional market movement” element refers to capturing equity-like returns over the long-run through direct exposure to the U.S. equity markets, which can provide capital appreciation. The “option premium or income” element refers to collecting income by selling call options on the U.S. equity indices.

The Fund’s investment objectives are capital appreciation and alpha generation. The Fund aims to achieve its investment objective of capital appreciation by Investing in call options that replicate the returns of the broad U.S. equity indices. The Fund aims to achieve its investment objective of alpha generation by purchasing and selling call options on U.S. equity indices to enhance the returns and generate premium income. Alpha is the outperformance or underperformance of a portfolio relative to the stock market. Alpha generation means outperforming the U.S. equity index.

The Fund aims to achieve its investment objective through the systematic purchase of rolling investments, which we call “tranches.” Each investment is made up of long and short call options traded on the performance of a broad market index. The Fund invests in approximately 10-12 unique tranches with 10-12 unique expiration dates, which are distinct investments of call options that mature and roll on an ongoing basis. The use of multiple tranches benefits the Fund investors by providing multiple entry and exit points for each investment. It also takes advantage of market volatility and helps investors avoid the market timing risk by spreading investments and risk over time.

The Fund seeks to achieve its investment objective principally by investing in the following:

Options. The Fund may invest a portion of its assets in derivative securities, including listed and Flexible Exchange Options (“FLEX Options”). The Fund may purchase and write (i.e. sell) “put” and “call” options that are traded on national securities exchanges, as well as on electronic communications networks. In general, options can be used in many ways, such as to increase market exposure (which would have the effect of leverage without actual borrowing), to reduce overall market exposure and reduce risk (i.e., for hedging purposes), to increase the portfolio’s current income, or to reduce the cost basis of a new position. The Fund may also utilize certain options, such as various types of index or “market basket” options, in an effort to hedge against certain market-related risks, as the Adviser deems appropriate. The Fund believes that the use of options may help reduce risk and enhance investment performance.

ETFs. The Fund may invest a portion of its assets in ETFs. The Fund expects to generally invest in ETFs that represent an interest in a portfolio of securities selected to replicate a US equity index.

Equities. The Fund may invest in equity securities consistent with the Fund’s investment objective and strategies. An equity security, or stock, represents a proportionate share of the ownership of a company; its value is based on the success of the company’s business, any income paid to stockholders, the value of its assets, and general market conditions. Common stocks and preferred stocks are examples of equity securities. Equity securities, such as common stocks, represent shares of ownership of a corporation. Preferred stocks are equity securities that often pay dividends at a specific rate and have a preference over common stocks in dividend payments and liquidation of assets. Some preferred stocks may be convertible into common stock. Convertible securities are securities (such as debt securities or preferred stock) that may be converted into or exchanged for a specified amount of common stock of the same or different issuer within a particular period of time at a specified price or formula.

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BARLX - Performance

Return Ranking - Trailing

Period BARLX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.4% -72.6% 38.3% 94.77%
1 Yr 17.3% 1.3% 112.2% 97.68%
3 Yr 6.2%* -5.2% 25.7% 90.62%
5 Yr 9.4%* 4.2% 25.5% N/A
10 Yr N/A* 2.7% 15.5% N/A

* Annualized

Return Ranking - Calendar

Period BARLX Return Category Return Low Category Return High Rank in Category (%)
2023 26.0% -94.0% 2181.7% 82.60%
2022 -17.7% -22.7% 41.1% 42.44%
2021 -7.0% -100.0% 17.1% 81.71%
2020 4.2% -100.0% 33.2% N/A
2019 24.0% -44.8% 25.0% N/A

Total Return Ranking - Trailing

Period BARLX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.4% -72.7% 37.7% 94.70%
1 Yr 17.3% 1.3% 112.2% 96.88%
3 Yr 6.2%* -5.2% 25.7% 87.80%
5 Yr 9.4%* 4.2% 25.5% N/A
10 Yr N/A* 2.7% 15.5% N/A

* Annualized

Total Return Ranking - Calendar

Period BARLX Return Category Return Low Category Return High Rank in Category (%)
2023 26.0% -94.0% 2181.7% 82.60%
2022 -17.7% -21.6% 41.1% 42.44%
2021 15.9% -100.0% 17.1% 88.30%
2020 12.7% -100.0% 33.2% N/A
2019 29.3% -13.4% 26.8% N/A

NAV & Total Return History


BARLX - Holdings

Concentration Analysis

BARLX Category Low Category High BARLX % Rank
Net Assets 94.4 M 732 K 1.21 T 77.44%
Number of Holdings 43 2 3783 89.87%
Net Assets in Top 10 90 M -247 M 267 B 64.25%
Weighting of Top 10 93.00% 2.0% 100.0% 11.03%

Top 10 Holdings

  1. Call XSP August 0.01 8/14/2024 10.02%
  2. Call XSP APR 0.01 4/12/2024 9.77%
  3. Call XSP MAY 0.01 5/14/2024 9.77%
  4. Call XSP JUN 0.01 6/14/2024 9.49%
  5. Call XSP JULY 0.01 7/12/2024 9.48%
  6. Call XSP October 0.01 10/14/2024 9.19%
  7. Invesco Short-Term Investments Trust Government Agency Portfolio - Institutional Class 9.06%
  8. Call XSP September 0.01 09/13/2024 8.93%
  9. Call XSP November 0.01 11/14/2024 8.65%
  10. Call XSP December 0.01 12/13/2024 8.64%

Asset Allocation

Weighting Return Low Return High BARLX % Rank
Other
90.68% -15.45% 100.00% 14.15%
Cash
9.43% -87.42% 100.00% 6.84%
Stocks
0.00% -6.31% 154.21% 91.48%
Preferred Stocks
0.00% 0.00% 11.50% 15.49%
Convertible Bonds
0.00% 0.00% 10.44% 10.60%
Bonds
0.00% -9.53% 81.55% 14.55%

BARLX - Expenses

Operational Fees

BARLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.28% 0.01% 31.14% 28.36%
Management Fee 1.00% 0.00% 2.00% 94.13%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.95% N/A

Sales Fees

BARLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 0.95% 5.00% N/A

Trading Fees

BARLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 2.00% 0.25% 2.00% 8.75%

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

BARLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 0.00% 0.00% 438.00% 0.36%

BARLX - Distributions

Dividend Yield Analysis

BARLX Category Low Category High BARLX % Rank
Dividend Yield 0.00% 0.00% 2.07% 18.27%

Dividend Distribution Analysis

BARLX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annually Quarterly Annually

Net Income Ratio Analysis

BARLX Category Low Category High BARLX % Rank
Net Income Ratio -1.22% -3.04% 16.95% 99.64%

Capital Gain Distribution Analysis

BARLX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

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BARLX - Fund Manager Analysis

Managers

Erman Civelek


Start Date

Tenure

Tenure Rank

Oct 02, 2017

4.66

4.7%

Mr. Civelek is responsible for portfolio management, and asset allocation at Beacon Investment Advisory Services. He leads Beacon’s monthly investment committee meetings and his particular area of expertise is alternative asset class strategies. Prior to joining Beacon, Mr. Civelek served as a lead portfolio manager at the Acertus Capital Management, LLC, where he managed three long-short equity strategies using a systematic, rules-based process designed to control risk and deliver predictable returns. He also worked at The MDE Group, where he carried out fundamental and technical analysis with respect to investment strategies and the financial markets. He developed and maintained The MDE Group’s quantitative and qualitative due diligence process used for evaluating external investment managers. Mr. Civelek graduated summa cum laude with a B.A. in economics from Rutgers College, where he was a member of Phi Beta Kappa and Golden Key National Honor Society beginning in his junior year. He is also a CFA charterholder and holds the Chartered Alternative Investment Analyst (CAIA) designation. He received his certified financial planner (“CFP”) designation from the College for Financial Planning in Denver, Colorado.

John Longo


Start Date

Tenure

Tenure Rank

Oct 02, 2017

4.66

4.7%

Mr. Longo plays a key role in developing Beacon’s macroeconomic outlook and serves as co-portfolio manager for several of the Beacon’s investment products. He has been with the investment management industry since 1997. He contributes to Beacon’s thought leadership in the field of investment management and strategy by representing the firm, as invited speaker, at numerous financial related conferences throughout the world. Mr. Longo is also a Professor of Finance at Rutgers Business School, and has taught in its undergraduate, MBA, Executive MBA, and International Executive MBA programs for more than 15 years. Previously, Mr. Longo was a Vice President at Merrill Lynch, where he played an instrumental role in creating and managing investment strategies for Merrill Lynch’s Strategy Power product. Mr. Longo holds a Ph.D. and an M.B.A. in finance and a B.A. in computer science and economics, all from Rutgers University. He is a Chartered Financial Analyst (“CFA”) charterholder.

Christopher Shagawat


Start Date

Tenure

Tenure Rank

Oct 02, 2017

4.66

4.7%

Christopher Shagawat is a portfolio manager with the Beacon Investment Advisory Services. Mr. Shagawat works directly with the senior portfolio management team in the development and implementation of Beacon Trust’s strategies, supporting the process with in-depth portfolio analysis and performance attribution. Mr. Shagawat began his career in the financial service industry from 2013 with Acertus Capital Management, a subsidiary of The MDE Group. Mr. Shagawat graduated summa cum laude with a B.S. in finance from Rutgers Business School and is also a CFA® charterholder.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 42.35 6.3 1.33