Launch Roundup
Subversive ETFs listed S&P 500 and Nasdaq-100 funds that exclude Elon Musk's companies
Brookstone Opportunities ETF
$35.02−0.01 (−0.04%)
- 0.95%
- $45M
- +11.5%
- 1.35%
- 0M sh
- $35.02
- low $31.24high $35.38
The ETF.net BAMO 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.C40 out of 100Rank 24 of 29Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B68 out of 100Rank 6 of 35Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C54 out of 100Rank 15 of 37Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.D32 out of 100Rank 29 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 BAMO
DA go-anywhere allocation sleeve: the managers move between global stocks, bonds and cash using other firms' ETFs, with no index to hug. Active discretion is the whole product, and you pay up for it.
Seeks total return. It actively allocates through unaffiliated ETFs across foreign and domestic stocks of any capitalization, bonds, and cash based on the adviser’s relative outlook.
Why people hold it
- Go-anywhere by charter: foreign and domestic stocks of any size, bonds and cash, with the mix set by the adviser's relative outlook instead of a fixed 60/40 rulebook.
- Builds the portfolio from unaffiliated ETFs, so the pieces come off the open market rather than a house lineup.
- The stock, bond and cash blend grades out above the middle of the allocation pack on risk measures, its strongest showing of the areas we review.
- Plain 1940 Act ETF wrapper with quarterly distributions: daily liquidity, a 1099 instead of a K-1.
Worth knowing
- Fee is 1.06% a year, well above the typical allocation ETF, where index-built rivals such as AOA (0.19%) and IRTR (0.08%) set the floor.
- Small asset base and light trading, so spreads can run wider than the giants of the category. Execution matters here as much as the fee.
- No index to score the manager against, and the fund only launched in 2023. You are buying a process and a short record, not a published rulebook.
BAMO Holdings
- Stocks
- 6
- 100%
- IVV
Sectors
- Technology32.7%
- Financials16.5%
- Health Care10.9%
- Industrials10.4%
- Consumer Discretionary9.1%
- Communication8.2%
- Consumer Staples4.3%
- Energy3.1%
- Materials2.3%
- Utilities1.3%
- Real Estate1.2%
Geography
- United States100.00%
BAMO 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.
BAMO$11,148
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 | BAMO |
|---|---|
| Year to date | +8.2% |
| 1 month | +0.6% |
| 3 months | +1.2% |
| 1 year | +11.5% |
| 3 years | +13.0% |
| 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 | BAMO |
|---|---|---|
| 2026 YTD | +8.2% | |
| 2025 | +9.2% | |
| 2024 | +14.4% | |
| 2023 | +8.2% |
BAMO in the news
BAMO Dividends
- 1.35%
- $0.47
- $0.11 per share
- Quarterly
Distribution history
BAMO Risk
- 7.5%
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.
- 1.07
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.
- −12.7%
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.
- 0.58
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
BAMO Cost
0.95%
BAMO0.95%
- 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
- DWTIPWisdomTree Inflation Plus FundExpense ratio 0.65%1 year return +21.7%
- DBAMABrookstone Active ETFExpense ratio 0.95%1 year return +12.9%
- 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%
- FLCOLOGIQ Contrarian Opportunities ETFExpense ratio 1.13%1 year return —