IQ

BSR · Beacon Unified Catalyst ETF

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$30.44
+1.1% · 1 day, price
IQ’s readingComputed nightly from ETFIQ data. Not written live.

BSR is actively managed and returned +6.1% over the past year.

Why did BSR return +25.9% from Apr 2023 to Oct 2026, against VOO’s +90.4%?Is a 1.07% fee low for a fund like BSR?What does BSR cost to hold and to trade?
Equity fund · Actively managedExpense ratio 1.07%Fund assets $35m net assets, latest filing (Aug 31, 2026)First traded Apr 18, 2023Benchmark S&P 500 Index, measured by VOO, which tracks the same indexSEC filings ↗Dividend history

BSR returned +6.1% over the year to Nov 4, 2026, charges 1.07% a year and holds $35m in net assets on Aug 31, 2026.

Promise check: Not measuredIt names no index it tracks.

Compare with…Trading costsPut to the committeeaskIQ about BSRAdd to portfolioAlerts

BSR risk and return scorecard

vs VOO · Apr 2023 to Oct 2026 · 183 weekly returns · dividend-adjusted

3.5 years
BSR +25.9%, VOO +90.4%, Apr 2023 to Oct 2026, distributions reinvested.
Return
MeasureBSRVOOEdge
Total return+25.9%+90.4%VOO
Annualized+6.8%+20.1%VOO
Price return+20.0%+81.9%VOO
Risk
MeasureBSRVOOEdge
Volatility9.3%13.8%BSR
Max drawdown−10.7%−16.7%BSR
Upside capture41.5%100.0%VOO
Downside capture69.5%100.0%BSR
Risk-adjusted
MeasureBSRVOOEdge
Sharpe ratio0.261.06VOO
Sortino ratio0.371.66VOO
Alpha vs VOO
MeasureBSRVOOEdge
Alpha, a year−5.2%Not significant
Alpha t-stat−1.62
Beta to VOO0.521.00Lower beta

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records; risk-free rate: U.S. Treasury, Daily Treasury Bill Rates, 13-week coupon equivalent Method · Data

What you earned

BSR −1.7%, VOO −1.1%: total return over one month to Nov 4, 2026.
BSR−1.7%
VOO−1.1%
BSR −0.8%, VOO −0.1%: total return over three months to Nov 4, 2026.
BSR−0.8%
VOO−0.1%
BSR +0.6%, VOO +5.0%: total return over six months to Nov 4, 2026.
BSR+0.6%
VOO+5.0%
BSR +4.0%, VOO +13.4%: total return over the year to Nov 4, 2026.
BSR+4.0%
VOO+13.4%
BSR +6.1%, VOO +14.8%: total return over one year to Nov 4, 2026.
BSR+6.1%
VOO+14.8%
BSR +28.7%, VOO +83.3%: total return over three years to Nov 4, 2026.
BSR+28.7%
VOO+83.3%
BSR +27.4%, VOO +93.9%: total return since launch to Nov 4, 2026.
BSR+27.4%
VOO+93.9%
askIQ: why did BSR return +6.1% over one year, against VOO’s +14.8%? ↗

How concentrated, and what does it cost?

No index, actively managed
+6.1%
Total return, 1 year
Report
1.07%
Expense ratio
Report
29
Holdings
Report
−3.9%
Below its high
Report
2.9%
12-month yield, capital gains included, on its starting price
Report
$0.8476
Last payment (paid annually), ex-date Dec 26, 2025
Report
Sector mix
Cost against like funds
askIQ: is a 1.07% fee low for a fund like BSR? ↗

More on BSR

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Price and total return, 1 year

$30.44+1.1%1 day, priceClose, Nov 4, 2026

Total return adds every distribution, reinvested. Computed by ETFIQ from Tiingo daily prices.

Source: Tiingo end-of-day prices. Data as of Nov 4, 2026. Updated every trading night. Report a data error

Points (pts) are percentage points.

BSR returns by window: total return, cash paid and price change
WindowTotal returnBenchmark (VOO)Gap to VOO
1M Oct 5 – Nov 4, 2026−1.7%−1.1%−0.6 pts
3M Aug 5 – Nov 4, 2026−0.8%−0.1%−0.7 pts
6M May 6 – Nov 4, 2026+0.6%+5.0%−4.4 pts
YTD Dec 31, 2025 – Nov 4, 2026+4.0%+13.4%−9.4 pts
1Y Nov 4, 2025 – Nov 4, 2026+6.1%+14.8%−8.7 pts
3Y Nov 3, 2023 – Nov 4, 2026+28.7%+83.3%−54.6 pts
Since launch Apr 18, 2023 – Nov 4, 2026+27.4%+93.9%−66.5 pts
Since launch, annualised Apr 18, 2023 – Nov 4, 2026+7.1%––

Total returns, distributions reinvested.

Source: Tiingo end-of-day prices, with distributions reinvested.

BSR key stats

52-week high, daily closes to Nov 4, 2026 (ETFIQ)$31.16 on Mar 2, 2026
52-week low, daily closes to Nov 4, 2026 (ETFIQ)$28.94 on Nov 20, 2025
Close on Nov 4, 2026, within that range (ETFIQ)$30.44, 67% of the way from the low to the high
Holdings29
Top ten weight72.3%
Range, beta and R-squared computed by ETFIQ from Tiingo daily prices.

Trading

as of May 13, 2026
Trading · BSRas of May 13, 2026
·
Not scored1 of 6 measured · May 13, 2026
0 · Hard to tradeIQ Liquidity Score100 · Trades like a giant
Cost for your order · one way, half its 30-day median spread
One dealer
How to tradeSpread not read.
Full trading page: components, premium history, dealers →

BSR for holders outside the US

US tax withheld on dividends, no treaty30%
Treaty rates on dividends (IRS table, read Oct 30, 2026)65 countries, 10% to 30%
BSR interest-related and short-term gain dividendsnot read by ETFIQ
US estate tax filing threshold, non-resident holders$60,000
Share classDistributing

BSR is a US fund. Stock of US corporations counts as US property for a non-resident's estate. Facts from the IRS, not tax advice. How withholding and treaties work

About BSR

What it tracksNo index, actively managed
Fund typeEquity fund
Category (ETFIQ)Stocks · U.S. large-cap blend
Expense ratio (485BPOS XBRL, Jun 29, 2026)1.07%
Price$30.44
First tradedApr 18, 2023
Net assets (SEC filing, whole fund, as filed for Aug 31, 2026)$35mReport
Benchmark (ETFIQ, from its filings)S&P 500 Index, measured by VOO, which tracks the same index
Benchmark named inits prospectus, 485BPOS, Jun 29, 2026
BSR, 1 year to Nov 4, 2026+6.1%
VOO, the same days+14.8%
Against its benchmark, 1 year (ETFIQ)−8.7 pts
Below its high (ETFIQ)−3.9%
Holdings29
Top ten weight72.3%
Cash, not in the top ten0.1%
Holdings as of (SEC N-PORT)Aug 31, 2026
Already in the S&P 500, by weight (ETFIQ)0.0%
Active share vs the S&P 500 (ETFIQ)100.0%
Already in the Nasdaq-100, by weight (ETFIQ)0.0%
IQ Investment Committee on BSR

12 seats on BSR, as of Nov 4, 2026: 1 Supports, 1 Mixed, 3 Challenges, 7 Not enough data.

In the tradition ofJohn BogleBogle-style Low CostMixed
In the tradition ofBenjamin GrahamGraham-style Margin of SafetyNot enough data
In the tradition ofWarren Buffett & Charlie MungerBuffett & Munger-style QualityNot enough data
In the tradition ofPeter LynchLynch-style Growth at a Reasonable PriceNot enough data
In the tradition ofJohn TempletonTempleton-style Global ContrarianNot enough data
In the tradition ofRay DalioDalio-style All-WeatherNot enough data
In the tradition ofHoward MarksMarks-style Cycles & RiskChallenges
In the tradition ofStanley DruckenmillerDruckenmiller-style Macro & LiquidityChallenges
In the tradition ofDavid SwensenSwensen-style DiversificationNot enough data
In the tradition ofCathie WoodWood-style Disruptive InnovationNot enough data
In the tradition ofJesse LivermoreLivermore-style Trend FollowingSupports
Uses ETFIQ’s measuresThe ETFIQ SkepticETFIQ’s own seatChallenges
Put BSR to the committee →See all seats →No investor named is affiliated with or endorses ETFIQ. Not investment advice.

Questions people ask about BSR

How has BSR performed?
Over the year to Nov 4, 2026, BSR returned +6.1% with distributions reinvested, against +14.8% for the S&P 500. Over three years the number is +28.7%.
What does BSR cost?
The prospectus expense ratio is 1.07% a year.
What does BSR hold?
29 positions as filed for Aug 31, 2026, with the top ten at 72.3% of the fund. 0% of its weight is in stocks the S&P 500 also holds.
How far is BSR below its high?
3.9% below its high of May 14, 2025, measured on the reinvested series to Nov 4, 2026.
Sources and dates
Prices, BSR and Benchmark (VOO)Tiingo end-of-day · Nov 4, 2026
Fee, 1.07%Prospectus filing with the expense ratio (SEC) ↗
Net assets, $35mSEC filing, whole fund · Aug 31, 2026
SourceHoldings filing (SEC Form N-PORT) ↗
IssuerBeacon website ↗
All fund filingsFund filings on SEC EDGAR ↗
Beacon’s own site ↗

Links are sources, not endorsements.

Method →Standards and sources →Open data →
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ETFIQ, BSR, stock fund, data as of Nov 4, 2026. https://etfiq.com/funds/bsr

Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data.

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BSR: BSR over 1 year: total return +6.1%, its benchmark S&P 500 Index through VOO +14.8%, −8.7 pts. Data to Nov 4, 2026.
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<iframe src="https://etfiq.com/embed/core/bsr/" title="BSR: BSR over 1 year: total return +6.1%, its benchmark S&amp;P 500 Index through VOO +14.8%, −8.7 pts. Data to Nov 4, 2026." width="640" height="370" loading="lazy" style="border:0;max-width:100%;width:100%"></iframe>
<figcaption style="font:13px/1.5 sans-serif">BSR: BSR over 1 year: total return +6.1%, its benchmark S&amp;P 500 Index through VOO +14.8%, −8.7 pts. Data to Nov 4, 2026. Data: <a href="https://etfiq.com/funds/bsr">ETFIQ</a></figcaption>
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