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BDGS

GradeBNASDAQ

Bridges Capital Tactical ETF

Multi-Asset & Alternatives · Bridges Capital · Inception 2023-05-10

$38.01−0.18 (−0.47%)

As of Sep 23, 2026, 3:03 PM EDT

History starts May 11, 2023.
Intraday session: down, 68 prints from 38.19 to 38.01. Range 37.94 to 38.18. Use the arrow keys to read each point.$38.10$38.2010 AM12 PM2 PM4 PM
Expense ratio
0.78%
Fund size
$43M
1Y return
+11.7%
Yield · Last 12 months
0.50%
Volume · 30D
0M sh
NAV per share
$38.10
52W range
low $33.54high $38.19

The ETF.net BDGS Grade

B

60/ 100

Rank 17 of 46 in Tactical Allocation⁠

Confidence Medium

Six-pillar profile for BDGS. Scores out of 100: Cost 61, Risk 81, Mission not scored, Tradability 50, Holdings 50, Durability 50. Strongest: Risk (81). Weakest: Durability (50). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 60 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    BScore 61
    Category rank18/46 · top 39%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    AScore 81
    Category rank1/46 · top 2%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    CScore 50
    Category rank22/46 · top 48%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    CScore 50
    Category rank21/42 · top 50%

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    CScore 50
    Category rank32/46 · mid-pack

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on BDGS

ETF.net Research

BA tactical fund that treats cash as a real position, not a leftover. Bridges mixes US index ETFs with large-cap stocks and dials exposure up or down as macro data, market breadth and volatility shift.

Stated mandate

The Fund is an actively managed, diversified ETF investing in a mix of U.S. equity index ETFs, large-capitalization stocks, and cash or cash equivalents. Its allocation and rebalancing respond to macroeconomic conditions, market breadth, and volatility.

Why people hold it

  1. 01Costs less than the typical tactical fund: 0.78% a year against a cohort median of 0.95%.
  2. 02Cash and cash equivalents are a named part of the mandate, so the manager can step back from equities without leaving the fund.
  3. 03Simple ingredients: US index ETFs and large-cap stocks. No foreign sleeves, no derivatives overlay to decode.
  4. 04Holds its own in a crowded tactical-allocation field, landing in the stronger half on cost and risk profile.

Worth knowing

  1. 01Small and thinly traded. Spreads can be wider than at big-name funds, which matters most on large or hurried orders.
  2. 02Fully discretionary. There is no index to check the manager against, and the fund only launched in 2023.
  3. 03Cheap for tactical, not cheap outright. Peers like ENDW (0.22%) and ONOF (0.39%) run at a fraction of the fee.

BDGS Holdings

As of Sep 20, 2026, 10:18 AM
Asset class
Stocks
Holdings
—
Top-10 weight
83%
Largest holding
BOXX55.1%

Sectors

  • Technology40.4%
  • Communication13.8%
  • Consumer Discr.11.4%
  • Financials9.8%
  • Health Care7.5%
  • Industrials6.3%
  • Cons. Staples3.6%
  • Energy2.7%
  • Utilities1.6%
  • Real Estate1.5%
  • Materials1.4%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 2.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001BOXXAlpha Architect 1-3 Month Box ETF55.12%195,635$23M6
002METAMeta Platforms Inc3.48%2,194$1M683
003TSLATesla Inc3.27%3,762$1M509
004AMATApplied Materials Inc3.12%2,956$1M558
005AVGOBroadcom Inc3.10%3,633$1M732
006SMHVanEck Semiconductor ETF3.07%2,251$1M9
007GOOGAlphabet Inc3.05%3,714$1M471
008AMZNAmazon.com Inc3.00%4,954$1M720
009SPMOInvesco S&P 500 Momentum ETF2.91%8,191$1M6
010NFLXNetflix Inc2.86%16,764$1M493
011IWMiShares Russell 2000 ETF2.86%4,240$1M15
012AAPLApple Inc2.26%2,815$950K707
013AMDAdvanced Micro Devices Inc2.24%1,680$940K618
014—United States Treasury Bill 10/01/20262.22%934,000$930K1
015MUMicron Technology Inc2.22%913$930K655

Showing 1–15 of 19 holdings

BDGS Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

BDGS$11,173
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. BDGS $11,173. SPY $11,723. Use the arrow keys to read each point.$9,353$10,646$11,940Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 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.

Trailing total return for BDGS. Periods over one year show the average yearly return.
PeriodBDGS
Year to date+10.1%
1 month+3.5%
3 months+5.3%
1 year+11.7%
3 years+15.8%per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for BDGS
YearReturn barBDGS
2026 YTD+10.1%
2025+10.6%
2024+19.1%
2023+8.3%

History from May 11, 2023

BDGS in the news

ETF.net Research hasn’t filed on BDGS yet — coverage lands here as it’s written.

BDGS Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
0.50%Last 12 months
Payout per share
$0.19Last 12 months
Last payment
$0.19 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Annual

Distribution history

2023–2026

One bar per payment. 3 payments from 2023 to 2026 YTD. Dec 20, 2023 $0.23; Dec 30, 2024 $0.57; Dec 23, 2025 $0.19. Use the arrow keys to read each point.2023202420252026YTD
Ex-datePay dateAmount per share
Dec 23, 2025Dec 24, 2025$0.19
Dec 30, 2024Dec 31, 2024$0.57
Dec 20, 2023Dec 22, 2023$0.23

BDGS Risk

How much the fund’s monthly returns vary, scaled to a year.
7.8%
Annualised · 36 months to Aug 2026
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.

Return above 3-month US Treasury bills per unit of volatility.
1.12
vs 3-month T-bills · to Aug 2026
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.

The largest fall from a peak to the low that followed.
−9.1%
40 months · trough Apr 2025
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.

How strongly the fund’s returns move with its asset-class index.
0.59
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

BDGS Cost

Expense ratio0.78%
  • The middle half of Tactical Allocation funds
  • Median 0.91%

18 of the 46 Tactical Allocation funds charge less.

BDGS costs $78.00 a year on $10,000. The median Tactical Allocation fund costs $90.50.