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Beacon

QBULTrueShares Quarterly Bull Hedge

Get income1y track recordRanked #1,323 of 1,622 in this goal

Seeks total return with substantial protection of principal.

By TrueShares · Launched 2024

Annual Cost

0.79%

#4,047 of 5,562 · expensive

Fund Size

$24M

#4,210 of 5,562 · small

Dividend YieldGoal

8.72%

Track Record

1 year

#3,659 of 5,562 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$10,457+4.6%

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

Classification

How Beacon categorizes this fund

Asset class

Alternative

Region

North america

Strategy

Option income

What it actually holds

By weight

Concentration

Top 10 holdings = 100.0% of fundconcentrated

Treasury Bill
33.1%
Treasury Bill
33.0%
Treasury Bill
32.9%
The Options Clearing Corp
0.2%
STATE STREET INSTITUTIONAL US
0.2%
The Options Clearing Corp
0.1%
The Options Clearing Corp
0.1%
The Options Clearing Corp
0.1%
The Options Clearing Corp
0.1%
The Options Clearing Corp
0.1%

Asset allocation

Cash
100.0%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
3.9%Low

Year-on-year price swings

Max drawdown
-2.5%Mild

Worst peak-to-trough loss

Sharpe (3Y)
Unavailable

Needs 3+ years of history

Sortino (3Y)
Not yet

Needs 3+ years of history

Where to buy

Listing

Exchange
Cboe BZX

Full fund details

Objective
Seeks total return with substantial protection of principal.
Strategy
Actively managed ETF investing primarily in short-term income-generating debt securities and modestly in call options on U.S. large-cap companies. Aims for growth with lower volatility and downside risk mitigation, targeting 20% to 40% of U.S. equity market gains quarterly.
Inception date
June 28, 2024
Fund family
TrueShares

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