At a glance
BCUS charges 0.7% a year, above the 0.54% average of the 6 funds most like it (the most expensive of 7). It has $108.0M in assets, the 4th largest of that group; it paid 0.09% of its price in distributions over the past 12 months, annual. Over the past year it returned −0.2% with distributions reinvested (S&P 500: +11.5%), 6th of those 7 funds. Its ten largest positions make up 41.4% of the fund, out of 30 in all.
The short version
Bancreek U.S. Large Cap ETF (BCUS) is an actively managed fund. It holds 25 to 50 large U.S.-listed companies picked by a quantitative research system, and it held 30 stocks as of May 31, 2026. It stands apart on cost: its 0.70% expense ratio is higher than all six similar funds compared, which average 0.54%. It also trades heavily, with 227% portfolio turnover.
Price history
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BCUS -0.2% over the year to Oct 27, 2026, total return with distributions reinvested.
How it has behaved
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | Since start | |
|---|---|---|---|---|---|---|
| BCUS official prospectus, to Dec 31, 2024 | — | +14.36% | — | — | — | — |
| BCUS price data to Oct 27, 2026 | +0.9% | -0.2% | — | — | — | +9.9% |
- Over the year to Oct 27, 2026, BCUS returned -0.2%, 6th of 7 among similar funds.
- Its worst full calendar year was 2025 (+6.5%); its best was 2024 (+21.2%).
- The deepest fall in its price history was 18.1% (Dec 4, 2024 to Apr 8, 2025), recovered by Jul 25, 2025.
Show as a table
| Year | Price data | Prospectus (official) |
|---|---|---|
| 2026 (to date) | +0.9% | — |
| 2025 | +6.5% | +6.45% |
| 2024 | +21.2% | +21.14% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Before this security existed |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Before this security existed |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Before this security existed |
Dividends and income
Show as a table
| Year | Per share | Change |
|---|---|---|
| 2025 | $0.1500 | +114.3% |
| 2024 | $0.0700 |
What's inside
As of May 31, 2026, the fund held 30 securities; the ten largest made up 41.43% of assets.
| Holding | Weight | |
|---|---|---|
| FLEX LTD | 4.78% | |
| SPOTIFY TECHNOLOGY SA | 4.43% | |
| GE AEROSPACE | 4.36% | |
| ROYAL CARIBBEAN CRUISES LTD | 4.20% | |
| BROADCOM INC | 4.16% | |
| NVIDIA CORP | 4.15% | |
| META PLATFORMS INC | 4.06% | |
| AMPHENOL CORP | 4.02% | |
| WESTERN DIGITAL CORP | 3.66% | |
| NETFLIX INC | 3.60% | |
| TECHNIPFMC PLC | 3.55% | |
| INTERDIGITAL INC | 3.46% | |
| CARPENTER TECHNOLOGY CORP | 3.23% | |
| INTERACTIVE BROKERS GROUP INC | 3.19% | |
| BANK OF NEW YORK MELLON CORP (THE) | 3.03% |
By country
United States 77.65%Ireland 5.39%Singapore 4.78%Luxembourg 4.43%Liberia 4.2%By asset type
Stocks 100%By sector
Sectors of the companies held, for the 44.6% of the fund in companies that have a stock page here; other holdings and cash aren't classified. Source: N-PORT holdings report as of May 31, 2026. Cash, money-market funds and derivatives are shown separately from the securities list.What changed recently
- Over the three months to May 31, 2026, investors withdrew a net $6.9M (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: -5.70%, +9.58%, +2.26%.
What it really costs
- BCUS charges 0.7% a year, versus an average of 0.54% for the similar funds below (7th of 7, cheapest first).
- Of that, 0.8% is the management fee; the rest covers other fund expenses.
- The fee includes a 0.1% waiver from the adviser, which may end.
- Using the prospectus's standard example, $10,000 invested would cost about $72 in the first year and $980 over 10 years (assuming a 5% annual return).
| Cost of $10,000 (SEC example) | 1 yr | 3 yrs | 5 yrs | 10 yrs |
|---|---|---|---|---|
| BCUS | $72 | $245 | $434 | $980 |
In a retirement portfolio
It is a concentrated, actively managed, higher-cost stock fund with under three years of history, so it fits better as a small add-on than as a foundation.
BCUS could add a stock-picking tilt next to a broad index core. It launched December 21, 2023, so it never went through the 2008, 2020 or 2022 sell-offs. Its deepest drop was 18.1%, from December 4, 2024, to April 8, 2025. It recovered by July 25, 2025, about 3.5 months later. Its weakest calendar year, 2025, still gained 6.45%. Its beta was 1.07 over the year to October 27, 2026. Beta measures how much a fund moves with the market, so 1.07 means its swings ran slightly larger than the market's. Selling in a slump would mean selling a 30-stock portfolio that can lag the market. Income is minimal: the yield was 0.09% as of October 27, 2026, paid once a year. In the SEC's standard $10,000 example, costs total $72 after one year and $980 over 10 years. Past results don't predict the future, and a plan should look at the whole portfolio, not one fund.
Who it may suit — and who should look elsewhere
May suit
- Investors who want a concentrated, actively picked mix of about 30 large companies, such as Flex, Spotify, GE Aerospace and Nvidia, alongside an index core.
- People willing to pay a 0.70% expense ratio for a quantitative, monthly-rebuilt stock selection process instead of an index.
- Investors who don't need income from this holding, since it yielded 0.09% as of October 27, 2026, paid once a year.
Look elsewhere if
- Cost-focused investors: all six similar funds compared charge less, with an average expense ratio of 0.54% against BCUS's 0.70%.
- Retirees seeking spendable income; the 0.09% yield and once-a-year payout provide almost nothing to live on.
- Investors who want a long track record; the fund launched December 21, 2023, and hasn't been through a bear market like 2022.
Close alternatives
Matched by closest holdings overlap from the latest N-PORT reports (no similar fund shares 20% or more of its holdings).
| Fund | Overlap | Cost | Net assets | 1 yr | 3 yr |
|---|---|---|---|---|---|
| BCUS this fund | — | 0.7% | $108.0M | -0.2% | — |
| FMAG Fidelity Magellan ETF | 19% | 0.59% | $246.1M | -1.1% | +19.7% |
| CAML Congress Large Cap Growth ETF | 18% | 0.65% | $369.5M | +0.7% | +19.2% |
| BDIV AAM Brentview Dividend Growth ETF | 15% | 0.49% | $6.7M | +11.1% | — |
| PWB Invesco Large Cap Growth ETF | 14% | 0.56% | $2.31B | +17.3% | +33.0% |
| SAWG AAM Sawgrass US Large Cap Quality Growth ETF | 14% | 0.49% | $2.9M | +10.4% | — |
| LEAD Siren DIVCON Leaders Dividend ETF | 14% | 0.43% | $77.1M | +11.4% | +19.1% |
Questions investors ask
Is BCUS good for retirement?
BCUS is more likely to play a small, higher-risk role in a retirement portfolio than a core one. It is an actively managed fund of about 30 large stocks with a 0.70% expense ratio and a 0.09% yield as of October 27, 2026. Its deepest drop was 18.1%, from December 2024 to April 2025, and it recovered in about 3.5 months. It launched in December 2023, so it has never faced a long bear market.
What is the BCUS expense ratio?
BCUS's expense ratio is 0.70%, according to its prospectus filed March 27, 2026. The management fee is 0.80%, reduced by a 0.10% fee waiver. In the SEC's standard example, $10,000 earning 5% a year would cost about $72 after one year, $245 after three, $434 after five and $980 after ten. That is higher than all six similar funds compared, which average 0.54%.
Does BCUS pay dividends?
Yes, but very little. BCUS pays distributions once a year. Over the 12 months to October 27, 2026, it paid about $0.03 per share, a yield of 0.09%. The fund aims for long-term growth, not income. Many of its large holdings, such as Spotify, Netflix and Meta, reinvest most of their profits rather than paying large dividends, so the fund offers little cash for spending.
BCUS vs FMAG: what's the difference?
Both are actively managed large-company stock funds, but they share only about 19% of their holdings. Fidelity Magellan ETF (FMAG) charges 0.59%, compared with 0.70% for BCUS. Over the year to October 27, 2026, FMAG returned -1.1% and BCUS -0.2%. FMAG also has a 3-year return of 19.7%, while BCUS is too new for one. FMAG had net assets of about $246 million as of July 31, 2026, compared with BCUS's $108 million as of May 31, 2026.
How has BCUS performed since it launched?
Its results have been mixed. According to its prospectus, BCUS returned 21.14% in 2024 and 6.45% in 2025. Its strongest quarter gained 14.23% (ended March 31, 2024), and its weakest lost 3.51% (ended March 31, 2025). Based on price, it was up 0.87% for 2026 through October 27, 2026, and returned -0.2% over the year to that date. That ranks 6th of the 7 similar funds compared.