Beacon Tactical Risk






NAV

$24.87

as of 2023-06-09

NUMBER OF HOLDINGS

4

as of 2023-06-09

ASSETS UNDER MANAGEMENT

$8,951,450

as of 2023-06-09

QUICK LINKS

Prospectus


Objective

The Beacon Tactical Risk Fund seeks to participate in the equity market to capture reasonable upside in bull markets and seeks to protect principal through a mechanical stop-loss process when market conditions weaken.


Investment Approach

Beacon follows the modern efficient-market theory, which believes that markets are generally efficient and, therefore, a buy-and-hold strategy yields the best long-term results. However, we also recognize that markets at times become irrational and bubbles are created that eventually burst with the potential for creating devastating losses for the retail investor. Beacon’s systematic buy-sell criteria minimize the impact of emotional investing while utilizing a trailing stop loss strategy, designed to minimize the impact of these devastating losses while the market corrects.


Process & Management

The Beacon Tactical Risk Fund is diversified across 11 different market sectors. Rather than attempt to predict which sector, such as technology, health care or energy, is going to be in favor, these portfolios invest in all sectors. The buy and sell triggers for the stop loss are based on the performance of our internal benchmark (the “Stock Index” portfolio). Beacon recalculates the performance of the “Stock Index” portfolio daily. When that index reaches its highest value point and then drops 10% from the high watermark; that is the target trigger to automatically sell out of all equity positions held within the model. The proceeds from the equity liquidations are then invested equally amongst three fixed income positions. This 100% fixed income allocation is maintained until our buy trigger is initiated. The buy trigger is also based off the performance of the Stock Index portfolio. However, unlike the sell trigger, the buy trigger has a range of initiation; the buy trigger can range from 15% to 25% from the Stock Index’s low watermark. The amount of rebound required from the bottom is dependent on two factors; time and loss. The longer it takes the index to reach its lowest value, the higher the required rebound will be.


Fund Details

As of 2023-06-09

FUND TICKER

BTR

EXCHANGE

NYSE

INCEPTION DATE

2023-04-17

TOTAL EXPENSE RATIO1

1.00%

BASE CURRENCY

USD

30 DAY MEDIAN ASK/BID SPREAD

0.32%

30 DAY AVERAGE TRADING VOLUME

11,816

SHARES OUTSTANDING

360,000

CUSIP

66538F119

DISTRIBUTION FREQUENCY

Annually

DISCOUNT / PREMIUM

0.00%

1Total Expense Ratio or Expense Ratio represents the annual fee that all currently held investments charged their respective shareholders, including any fee waivers in effect during the time period.



Performance


Monthly

As of 2023-06-09

1-Day MTD 1-MO 3-MO 6-MO 1YR YTD SINCE INCEPTION
NAV % -0.20% -0.36% -0.92% N/A % N/A % N/A % -0.28% -0.28%
MARKET PRICE % -0.24% -0.44% -0.88% N/A % N/A % N/A % -0.28% -0.28%
Dow Jones Moderately Aggressive 0.04% 2.94% 1.88% N/A% N/A% N/A% N/A% 0.99%
S&P 500 0.12% 2.89% 4.57% N/A% N/A% N/A% N/A% 3.83%

Performance data quoted represents past performance and is for illustrative purposes only. Past performance is not indicative of future results. Current performance may be higher or lower than the performance data presented. Performance data current to the most recent month end can be obtained by visiting beaconinvestingetfs.com or by calling (toll-free) 866.439.9093, option 2. Market price returns are calculated using the closing price and account for distributions from the ETF.




Historical Premium / Discount

As of 2023-06-09


Calendar Year Q2 2023 Q3 2023 Q4 2023
Days at premium 30 30 - -
Days at discount 3 3 - -


Holdings

Holdings2

As of 2023-06-09

NAME TICKER CUSIP SHARES MARKET VALUE % OF PORTFOLIO
VANGUARD SHORT-TERM BONDBSV921937827120,9909,160,15099.57
BBH SWEEP VEHICLEBBHETFMM31,99631,9960.35
Receivables/PayablesRECPAYRECPAY6,1486,1480.07
US DOLLARSUSDUSD1,2811,2810.01

2 Holdings are subject to change without notice. Holdings are provided for informational purposes only and should be not be considered a recommendation to buy or sell the securities listed.



Fund Documents