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Launched

Bridges Capital Tactical ETF

BDGSNasdaqB

$37.98−0.02 (−0.06%)

At close: Oct 13, 2026, 4:00 PM

B60/ 100

Rank 16 of 46 in Tactical Allocation

B60/100Rank 16 of 46inTactical Allocation
Intraday session: down, 62 prints from 38.00 to 37.98. Range 37.91 to 38.03. Use the arrow keys to read each point.37.9237.9538.0210 AM12 PM2 PM4 PM
Expense ratio
0.78%
Fund size
$43M
1Y total return
+11.6%
Yield · Last 12 months
0.50%
Holdings
18
Avg volume · 30D
0M sh
NAV per share
$38.00
52W range
low $33.54high $38.44
Launched

The ETF.net BDGS Grade

Based on 5 of 6 pillars

B

Score 60 out of 100

Category
Tactical Allocation⁠
Rank
16 of 46
Six-pillar profile for BDGS. Scores out of 100: Cost 61, Risk 81, Mission not scored, Tradability 48, Holdings 50, Durability 51. Strongest: Risk (81). Weakest: Tradability (48). Based on 5 of 6 pillars.

Score 60 of 100 falls in the B 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.
    B61 out of 100
    Rank 18 of 46

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    A81 out of 100
    Rank 2 of 46

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C48 out of 100
    Rank 27 of 46

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C50 out of 100
    Rank 21 of 43

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C51 out of 100
    Rank 30 of 46

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 Oct 13, 2026
Asset class
Stocks
Holdings
18
Top-10 weight
91%
Largest holding
United States Treasury Bill 01/19/202735.1%

Sectors

  • Technology44.5%
  • Communication13.5%
  • Consumer Discretionary10.4%
  • Financials8.5%
  • Health Care7.3%
  • Industrials5.9%
  • Consumer Staples3.2%
  • Energy2.7%
  • Utilities1.4%
  • Real Estate1.4%
  • Materials1.2%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 2.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—United States Treasury Bill 01/19/202735.12%15,144,000$15M2
002BOXXAlpha Architect 1-3 Month Box ETF34.96%125,734$15M6
003IWMiShares Russell 2000 ETF4.97%7,591$2M15
004AMZNAmazon.com Inc3.05%4,954$1M736
005NFLXNetflix Inc2.77%16,764$1M485
006TSLATesla Inc2.06%2,299$880K521
007GOOGAlphabet Inc2.02%2,473$860K478
008METAMeta Platforms Inc1.99%1,188$850K704
009SPMOInvesco S&P 500 Momentum ETF1.99%5,639$850K7
010SMHVanEck Semiconductor ETF1.97%1,389$840K12
011AVGOBroadcom Inc1.95%2,309$830K754
012INTCIntel Corp1.92%7,854$820K511
013AAPLApple Inc1.01%1,265$430K715
014MSFTMicrosoft Corp1.01%806$430K815
015AMATApplied Materials Inc0.98%824$420K561

Showing 1–15 of 18 holdings

BDGS Performance

Launched May 10, 2023

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.
BDGS$11,160
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$12,044
Oct 10, 2025 to Oct 12, 2026. BDGS $11,160. SPY $12,044. Use the arrow keys to read each point.$9,582$10,912$12,243Oct 2025Apr 2026Oct 2026

Oct 10, 2025 – Oct 12, 2026

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.

Trailing total return for BDGS. Periods over one year show the average yearly return.
PeriodBDGS
Year to date+9.6%
1 month+1.9%
3 months+3.4%
1 year+11.6%
3 yearsper year+15.2%
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper 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+9.6%
2025+10.6%
2024+19.1%
2023+8.3%

History from May 11, 2023

BDGS in the news

Filtered to BDGS · Tactical Allocation

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 Oct 12, 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.
7.6%
Annualised · 36 months to Sep 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.
1.36
vs 3-month T-bills · to Sep 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%
41 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.

Other funds in Tactical Allocation

See others