DACLREX Defensive Autocallable Income ETF
Seeks to generate monthly income while providing enhanced downside mitigation through exposure to the Bloomberg US Large Cap VolMax Defensive Autocallable Index.
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What's inside
How Beacon categorizes this fundAsset class
AlternativeRegion
North americaStrategy
Option income
Index tracked
Bloomberg US Large Cap VolMax Defensive Autocallable Index
Listing
- Exchange
- NYSE Arca
Full fund details
- Objective
- Seeks to generate monthly income while providing enhanced downside mitigation through exposure to the Bloomberg US Large Cap VolMax Defensive Autocallable Index.
- Strategy
- Invests primarily in synthetic autocallable yield notes and U.S. Treasury securities to track the Bloomberg US Large Cap VolMax Defensive Autocallable Index. Aims to generate monthly income while providing enhanced downside protection through diversified exposure to multiple autocallable contracts.
Similar funds
Same asset class, closest by strategy & exposureOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
The big yield isn't extra money
The headline distribution comes from selling call options, which caps the fund's upside. Across a full market cycle that trade costs more than it brings in — often 1 to 3 percentage points a year against just holding the index. Monthly payouts make the gap easy to miss on a return summary.
Sources: Israelov & Ndong, 'A Devil's Bargain: When Generating Income Undermines Investment Returns' (NDVR, 2023)
Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More
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Data updated on 2026-08-15