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MRSKToews Agility Shares Managed Risk ETF

Grow my moneyStay safe6y track recordRanked #127 of 364 in this goal

Seeks long-term growth of capital and income while limiting risk.

By Toews Corporation · Launched 2020

Annual Cost

0.98%

#5,069 of 5,861 · expensive

Fund Size

$300M

#1,989 of 5,861 · large

Return (1Y)Goal

+14.3%

Track Record

6 years

#2,096 of 5,861 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$11,470+14.7%

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

What's inside

How Beacon categorizes this fund

Asset class

Alternative

Strategy

Option income

What it actually holds

By weight

Concentration

Top 5 holdings = 100.0% of fundconcentrated

ISHARES TRUST
88.4%
OPTION ISSUER
6.0%
BBH SWEEP VEHICLE
4.7%
CHICAGO MERCANTILE EXCHANGEESM6 INDEX
0.8%
Chicago Mercantile ExchangeESZ7 Ind
0.0%

Asset allocation

Stocks
91.1%
Cash
8.9%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
10.9%Moderate

Year-on-year price swings

Max drawdown
-14.7%Mild

Worst peak-to-trough loss

Sharpe (3Y)
0.57Decent risk-adjusted returns
Sortino (3Y)
0.79Moderate downside risk

Listing

Exchange
NYSE Arca

Full fund details

Objective
Seeks long-term growth of capital and income while limiting risk.
Strategy
Seeks exposure to the large-cap U.S. equity market primarily through S&P 500 Index futures, ETFs, and component stocks. Uses put options to offset risk and writes call options to reduce volatility and generate income.
Inception date
June 24, 2020
Fund family
Toews Corporation

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