Launch Roundup
Subversive ETFs listed S&P 500 and Nasdaq-100 funds that exclude Elon Musk's companies
Brookstone Active ETF
$36.86−0.01 (−0.02%)
- 0.95%
- $47M
- +12.9%
- 1.42%
- 0M sh
- $36.97
- low $32.28high $37.36
The ETF.net BAMA Grade
D
Score 37 out of 100
- 31 of 37
Score 37 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.F13 out of 100Rank 31 of 37Mission
Whether the fund did what it promised, tested against its stated mandate.C44 out of 100Rank 22 of 29Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B55 out of 100Rank 16 of 35Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B55 out of 100Rank 14 of 37Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.D33 out of 100Rank 28 of 33Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C51 out of 100Rank 24 of 37
Our read on BAMA
DAn actively steered basket of other ETFs: domestic and foreign stocks, bonds, cash, even leveraged funds, with the weights free to shift as markets move. A tactical hand on the wheel instead of a fixed 60/40, priced at 0.99%.
The Fund seeks total return through active allocation among unaffiliated ETFs covering domestic and foreign equities, bonds, cash and cash equivalents, and potentially leveraged ETFs. Asset-class weightings may change with market conditions.
Why people hold it
- Wide toolkit. The manager can shift among unaffiliated equity, bond and cash ETFs, and asset-class weights are meant to move with market conditions rather than sit fixed.
- One ticker carries a whole allocation, and the rebalancing decisions sit with the manager instead of on your to-do list.
- Ordinary 1940 Act ETF plumbing, with income paid on a quarterly schedule.
Worth knowing
- The 0.99% fee runs above the typical allocation fund's 0.78%, and it stacks on top of the fees charged by the ETFs it holds. Index rivals like AOA and IRTR charge a fraction of that.
- The mandate permits leveraged ETFs in the mix, a tool that magnifies moves in both directions and makes the ride less predictable than a plain stock/bond blend.
- Launched in 2023 and thinly traded, so both the live record and the on-screen liquidity are slimmer than the category's index heavyweights. Spreads can be wider.
BAMA Holdings
- Stocks
- 7
- 100%
- SPYG
Sectors
- Technology41.1%
- Financials13.4%
- Communication10.3%
- Industrials8.6%
- Consumer Discretionary8.1%
- Health Care7.3%
- Consumer Staples3.2%
- Materials2.6%
- Energy2.3%
- Utilities1.6%
- Real Estate1.4%
Geography
- United States100.00%
BAMA Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.
BAMA$11,290
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | BAMA |
|---|---|
| Year to date | +9.4% |
| 1 month | +0.5% |
| 3 months | +1.0% |
| 1 year | +12.9% |
| 3 years | +15.0% |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | BAMA |
|---|---|---|
| 2026 YTD | +9.4% | |
| 2025 | +12.6% | |
| 2024 | +15.0% | |
| 2023 | +8.5% |
BAMA in the news
BAMA Dividends
- 1.42%
- $0.52
- $0.17 per share
- Quarterly
Distribution history
BAMA Risk
- 8.9%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 1.12
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −12.3%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.70
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
BAMA Cost
0.95%
BAMA0.95%
- The middle half of Multi-Asset Allocation funds
- Median 0.58%
30 of the 37 Multi-Asset Allocation funds charge less.
Other funds in Multi-Asset Allocation
- CMHIGMilliman Healthcare Inflation Guard ETFExpense ratio 0.55%1 year return —
- DWTIPWisdomTree Inflation Plus FundExpense ratio 0.65%1 year return +21.7%
- DBAMOBrookstone Opportunities ETFExpense ratio 0.95%1 year return +11.5%
- DQVOYQ3 All-Season Active Rotation ETFExpense ratio 1.10%1 year return +10.1%
- DAGOXAdaptive ETFs - Adaptive Alpha Opportunities ETFExpense ratio 1.36%1 year return +12.6%