Fund Evaluator:
Beacon Dynamic Allocation I (BCMDX)
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Best Performing in Tactical Allocation Over the Last Year
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Fund Details
Beacon Dynamic Allocation I Overview
Beacon Dynamic Allocation I (BCMDX) is an actively managed Allocation Tactical Allocation fund. Beacon Capital Management Inc launched the fund in 2009.
The investment seeks total return through a combination of capital appreciation and income. The fund invests predominantly in exchange-traded funds ("ETFs") that each invest primarily in domestic or foreign (1) equity securities, (2) fixed-income securities, (3) alternative/specialty securities or (4) cash equivalents. The adviser defines equity securities to include ETFs that invest primarily in equity securities, such as common and preferred stocks. It invests at least 80% of its assets (defined as net assets plus any borrowing for investment purposes) measured at the time of purchase in ETFs.
About Beacon Dynamic Allocation I (BCMDX)
There are 2 members of the management team with an average tenure of 16.12 years: Bryan Novak (2009), Jan Eckstein (2011). Management tenure is more important for actively managed funds than passive index funds.
The fund has 3 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100%, Bloomberg US Agg Bond TR USD index with a weighting of 40% and S&P 500 (TR) (1970) index with a weighting of 60%. Beacon Dynamic Allocation I has 14 securities in its portfolio. The top 10 holdings constitute 94.0% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Beacon Dynamic Allocation I is part of the Allocation global asset class and is within the Allocation fund group. Beacon Dynamic Allocation I has 13.6% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 55.8%. There is 1.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 53.5% (40.9% domestic bond, 12.6% foreign bond and 0.0% convertible bond). Beacon Dynamic Allocation I has -12.0% of the portfolio in cash.
Assets Under Management
The fund has $39 million in total assets, which is below the $222 million average for the Tactical Allocation category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
BCMDX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Beacon Dynamic Allocation I expense ratio is high compared to funds in the Tactical Allocation category. Beacon Dynamic Allocation I has an expense ratio of 1.48%, which is 16% lower than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Beacon Dynamic Allocation I has a portfolio turnover rate of 34%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 196% for the Tactical Allocation category.
Recently, in the month of July 2026, Beacon Dynamic Allocation I returned 0.8%, which earned it a grade of A, as the Tactical Allocation category had an average return of -0.9%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Beacon Dynamic Allocation I has a trailing yield of 1.67%, which is below the 2.86% category average. The fund normally distributes its income quarterly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Beacon Dynamic Allocation I Grades
Year to date, the fund has returned 9.0%, 0.6 percentage points better than the category, which translates into a grade of B. The fund has returned 15.8% over the past year (grade of C), 11.3% over the past three years (grade of B) and 6.2% per year over the past five years (grade of B) and 6.9% per year over the past 10 years (grade of B).
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BCMDX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| BCMDX Return (NAV) | 0.8% | 4.4% | 15.8% | 11.3% | 6.2% | 6.9% |
| BCMDX Grade | A | A | C | B | B | B |
| +/- Category | 1.7% | 2.9% | -0.4% | 0.7% | 0.9% | 0.6% |
| Tactical Allocation Avg | -0.9% | 1.5% | 16.2% | 10.6% | 5.3% | 6.3% |
| BCMDX Tax Cost Ratio | na | na | 2.1% | 2.2% | 2.6% | 1.7% |
BCMDX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| BCMDX Return (NAV) | 9.0% | 10.2% | 10.7% | 9.8% | -11.5% | 14.2% | 2.4% | 19.4% | -7.6% | 16.1% | 7.1% |
| BCMDX Grade | B | D | B | C | B | B | F | A | D | B | C |
| +/- Category | 0.6% | -2.5% | 1.7% | -1.0% | 1.6% | 1.5% | -7.8% | 5.8% | -1.4% | 2.9% | 1.4% |
| Tactical Allocation Avg | 8.4% | 12.7% | 8.9% | 10.8% | -13.1% | 12.7% | 10.2% | 13.5% | -6.2% | 13.2% | 5.6% |
| Risk Measures | |
| Standard Deviation: | 7.0% |
| Total Risk Index: | 0.57 - Below Average |
| Category Risk Index: | 0.69 - Low |
| Category Risk Grade: | A (14% Rank) |
| Beta: | 0.68 |
| R-Squared: | 81% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Blend |
| Bond Investment Style: | High Quality Limited Sensitivity |
| Yield: | 1.7% |
| Dividend Distribution: | Quarterly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $64 Mil |
| Fund Total Assets: | $ 40 Mil |
| Share Class Type: | Inst |
| Portfolio Turnover: | 34% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 16.8 years | |||
| Average Tenure: 16.1 years | |||
| Managers (Year): Novak Bryan (2009), Eckstein Jan (2011) | |||
Portfolio Composition (as of 3/31/26)
| # of Holdings: | 14 |
| % in Top 10 Holdings: | 94.0% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 13.6% |
Portfolio Allocation |
|
| Domestic Stock: | 55.8% |
| Foreign Stock: | 1.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 40.9% |
| Foreign Bond: | 12.6% |
| Convertible Bond: | 0.0% |
| Other: | 1.8% |
| Cash: | -12.0% |
Purchase Information
| Fund Family: | Beacon Capital Management Inc |
| Phone Number: | 877-738-0333 |
| Website: | www.astorimfunds.com |
| Status: | Open |
| Inception Date: | October 19, 2009 |
| Min. Initial Purchase: | $5,000 |
| Min. Initial IRA Purchase: | $5,000 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 1.48% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.76% |
| Share Class: | Beacon Dynamic Allocation I |
| Min. Subsequent Purchase: | $ 100 |
| Min. Subsequent IRA Purchase: | $ 100 |
