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Beacon

DRSKAptus Defined Risk ETF

Get income7y track recordRanked #608 of 1,622 in this goal

Seeks current income and capital appreciation.

By APTUS ETFs · Launched 2018

Annual Cost

0.78%

#3,926 of 5,562 · expensive

Fund Size

$1.5B

#865 of 5,562 · large

Dividend YieldGoal

3.60%

Track Record

7 years

#1,784 of 5,562 · established

Performance

Total-return NAV · USD
Growth of $10,000
$10,745+7.5%

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

Classification

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 = 94.6% of fund✓ diversified through underlying funds

Invesco BulletShares 2032 Corp
12.5%
Invesco Bulletshares 2031 Corp
12.1%
iShares iBonds Dec 2032 Term C
11.1%
iShares iBonds Dec 2029 Term C
10.9%
iShares iBonds Dec 2031 Term C
10.7%
Invesco BulletShares 2030 Corp
10.7%
Invesco BulletShares 2033 Corp
10.3%
iShares iBonds Dec 2030 Term C
9.2%
Invesco BulletShares 2029 Corp
4.6%
Invesco BulletShares 2034 Corp
2.5%

Asset allocation

Bonds
91.6%
Stocks
5.3%
Other
3.8%
Convertible
0.1%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
8.4%Low

Year-on-year price swings

Max drawdown
-19.9%Moderate

Worst peak-to-trough loss

Sharpe (3Y)
0.66Decent risk-adjusted returns
Sortino (3Y)
0.99Moderate downside risk

Bond profile

Duration

4.3 years

Avg maturity

9.8 years

Credit ratings

AAA
0.5%
AA
18.9%
A
31.1%
BBB
49.0%
BB
0.5%

Where to buy

Listing

Exchange
Cboe BZX

Full fund details

Objective
Seeks current income and capital appreciation.
Strategy
Employs a hybrid strategy, investing primarily in 75-95% investment-grade corporate bonds and the remainder in U.S. stocks. Uses call options for equity exposure while limiting downside risk.
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

Covered call ETF — yield ≠ total return

The high distribution yield is not free income — it comes from selling upside via call options. Research finds these strategies systematically underperform their underlying index over full cycles, typically by 100–300 basis points per year depending on the option-overlay design. The monthly distributions make the shortfall hard to see in return summaries.

Source: Israelov & Ndong, 'A Devil's Bargain: When Generating Income Undermines Investment Returns' (NDVR, 2023)

Why we flagged this: strategy=option_income + option_income_strategy

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 2026-06-19