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Beacon

DRSKAptus Defined Risk ETF

Get income7y track recordRanked #626 of 1,650 in this goal

Seeks current income and capital appreciation.

By APTUS ETFs · Launched 2018

Annual Cost

0.78%

#4,090 of 5,861 · expensive

Fund Size

$1.5B

#898 of 5,861 · large

Dividend YieldGoal

3.70%

Track Record

7 years

#1,752 of 5,861 · established

Performance

Total-return NAV · USD
Growth of $10,000
$10,264+2.6%

Total-return NAV, USD. Net of fund fees, before tax.

What's inside

How Beacon categorizes this fund

Asset class

Fixed income

Region

North america

Strategy

Option income

What it actually holds

By weight

Concentration

Top 10 holdings = 92.5% of fund✓ diversified through underlying funds

Invesco BulletShares 2032 Corp
12.2%
Invesco Bulletshares 2031 Corp
11.9%
iShares iBonds Dec 2032 Term C
10.9%
iShares iBonds Dec 2031 Term C
10.5%
Invesco BulletShares 2030 Corp
10.5%
iShares iBonds Dec 2029 Term C
10.1%
Invesco BulletShares 2033 Corp
10.1%
iShares iBonds Dec 2030 Term C
9.0%
Invesco BulletShares 2034 Corp
4.9%
iShares iBonds Dec 2034 Term C
2.4%

Asset allocation

Bonds
94.0%
Other
4.2%
Stocks
2.1%
Convertible
0.1%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
7.9%Low

Year-on-year price swings

Max drawdown
-19.9%Moderate

Worst peak-to-trough loss

Sharpe (3Y)
0.55Decent risk-adjusted returns
Sortino (3Y)
0.82Moderate downside risk

Bond profile

Duration

4.3 years

Avg maturity

9.8 years

Credit ratings

AAA
0.5%
AA
19.3%
A
31.0%
BBB
48.6%
BB
0.5%

Listing

Exchange
Cboe BZX

Full fund details

Objective
Seeks current income and capital appreciation.
Strategy
Actively manages a hybrid strategy investing 75% to 95% in investment-grade fixed income securities and the remainder in small-, mid-, and large-cap U.S. stocks, while limiting downside risk. Utilizes call and put options to enhance returns and manage volatility.
Inception date
August 7, 2018
Fund family
APTUS ETFs

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Covered call
Warning

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 2026-08-04