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Beacon

SNTHMRP SynthEquity ETF

Get incomeTake a bet1y track recordRanked #316 of 775 in this goal

Seeks long-term capital appreciation.

By Measured Risk Portfolios, Inc. · Launched 2025

Annual Cost

0.96%

#4,788 of 5,562 · expensive

Fund Size

$178M

#2,389 of 5,562 · mid-size

Dividend YieldGoal

4.90%

Track Record

1 year

#4,232 of 5,562 · young

Performance

Total-return NAV · USD
Growth of $10,000
$12,581+25.8%

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

Index tracked

S&P 500 Index

What it actually holds

By weight

Concentration

Top 10 holdings = 99.6% of fundconcentrated

US TREASURY N/B
21.5%
US TREASURY N/B
21.5%
US TREASURY N/B
21.3%
US TREASURY N/B
21.3%
N/A
11.9%
First American Government Obli
1.5%
N/A
0.4%
N/A
0.1%
N/A
0.0%
N/A
-0.0%

Asset allocation

Bonds
60.4%
Stocks
32.1%
Cash
6.4%
Other
1.1%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
12.8%Moderate

Year-on-year price swings

Max drawdown
-9.8%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
NYSE Arca

Full fund details

Objective
Seeks long-term capital appreciation.
Strategy
Actively managed ETF using options on the S&P 500 Index for synthetic equity exposure and U.S. Treasuries for principal protection. Aims to limit losses to approximately 15% over a one-year period while participating in equity market gains.
Inception date
March 10, 2025
Fund family
Measured Risk Portfolios, Inc.

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