Northern Lights Fund Trust II has recently launched an exchange traded fund (ETF) called Beacon Tactical Risk ETF. The ETF is co-managed by Beacon Capital Management and Exchange Traded Concepts, investing in public equity and fixed income markets of the United States. The equity portion of the fund invests in stocks of companies across diversified sectors, through other funds. The portfolio includes growth and value stocks of companies with diversified market capitalization. For the fixed income portion, the fund invests in U.S. government, investment-grade corporate, and investment-grade international dollar-denominated bonds, with maturities of one year or greater, through other funds. The fund is domiciled in the United States.