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GGM

GradeFNew York Stock Exchange Arca

GGM Macro Alignment ETF

Active Equity · GGM · Inception 2023-09-25 · SEC filings

$31.07−0.06 (−0.21%)

As of Sep 23, 2026, 3:10 PM EDT

History starts Sep 26, 2023.
Intraday session: down, 68 prints from 31.13 to 31.07. Range 31.04 to 31.17. Use the arrow keys to read each point.$31.10$31.1510 AM12 PM2 PM4 PM
Expense ratio
0.94%
Fund size
$20M
1Y return
+18.2%
Yield · Last 12 months
1.38%
Volume · 30D
0M sh
NAV per share
$31.05
52W range
low $26.13high $31.90

The ETF.net GGM Grade

F

24/ 100

Rank 117 of 127 in US Active Equity

Confidence Medium

Six-pillar profile for GGM. Scores out of 100: Cost 21, Risk 50, Mission not scored, Tradability 8, Holdings 23, Durability 25. Strongest: Risk (50). Weakest: Tradability (8). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 24 of 100 sits in the F 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.
    FScore 21
    Category rank100/127 · bottom quartile
  • 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.
    CScore 50
    Category rank71/126 · mid-pack
  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    FScore 8
    Category rank119/127 · bottom quartile
  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    FScore 23
    Category rank120/124 · bottom quartile
  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    DScore 25
    Category rank119/127 · bottom quartile

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

Our read on GGM

ETF.net Research

FThink of the economy as having seasons. GGM is an actively managed fund-of-funds that dresses for the current one, shifting among sector and style ETFs as the macro picture changes, all inside a single ticker.

Stated mandate

The Fund seeks long-term capital appreciation.

Why people hold it

  1. 01One ticker, one decision. The manager handles the sector and style rotation, moving the mix as the economic climate shifts rather than leaving the timing calls to you.ggmetf.com
  2. 02Exposure comes from baskets, not single names: broad sector, sub-sector and style ETFs are the building blocks, so no one stock can wreck a quarter.money.usnews.comggmetf.com
  3. 03The tilts come from a process, not a hunch. The team maps and measures economic variables, then aligns the portfolio with what those readings say about the current climate.ggmetf.com

Worth knowing

  1. 01At 0.94%, the fee runs above the typical active US equity ETF, and core peers like DFAU and FELC charge a fraction of it. A fund-of-funds also carries its underlying ETFs' costs.money.usnews.com
  2. 02A small fund that trades lightly. Spreads can be wider than at big-name peers, and sizeable orders may need patience.
  3. 03Launched in 2023, so the full economic cycle this strategy is built around is still in progress.ggmetf.com

GGM Holdings

As of Sep 20, 2026, 10:19 AM
Asset class
Stocks
Holdings
Top-10 weight
100%
Largest holding
XLE21.9%

Sectors

  • Energy23.0%
  • Industrials20.2%
  • Materials18.0%
  • Technology15.9%
  • Consumer Discr.7.0%
  • Financials4.9%
  • Health Care3.8%
  • Communication3.6%
  • Cons. Staples1.9%
  • Utilities0.9%
  • Real Estate0.8%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001XLESS ENERGY SELECT21.88%69,635$4M28
002SPYGSPDR PORTFOLIO S20.03%33,742$4M10
003SPYVSS SPDR P SP500V19.78%64,909$4M6
004XLBSS MATERIALS ETF19.58%80,138$4M20
005XLISS INDUSTRIAL17.93%21,612$4M25
006US DOLLARS0.79%162,660$163K67
007Receivables/Payables<0.01%1,129$1K41

Showing 1–7 of 7 holdings

GGM Performance

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

GGM$11,824
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. GGM $11,824. SPY $11,723. Use the arrow keys to read each point.$9,324$10,823$12,322Sep 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 GGM. Periods over one year show the average yearly return.
PeriodGGM
Year to date+14.3%
1 month−2.2%
3 months+4.4%
1 year+18.2%
3 yearsFund is under 3 years oldper year
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 GGM
YearReturn barGGM
2026 YTD+14.3%
2025+1.3%
2024+4.5%
2023+7.5%

History from Sep 26, 2023

GGM in the news

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

GGM 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.
1.38%Last 12 months
Payout per share
$0.43Last 12 months
Last payment
$0.43 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 26, 2023 $0.13; Dec 26, 2024 $0.38; Dec 26, 2025 $0.43. Use the arrow keys to read each point.2023202420252026YTD
Ex-datePay dateAmount per share
Dec 26, 2025Jan 5, 2026$0.43
Dec 26, 2024Jan 3, 2025$0.38
Dec 26, 2023Jan 3, 2024$0.13

GGM Risk

How much the fund’s monthly returns vary, scaled to a year.
11.3%
Annualised · 35 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.
0.53
vs 3-month T-bills · 35 months 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.
−19.7%
35 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.

GGM Cost

Expense ratio0.94%
  • The middle half of US Active Equity funds
  • Median 0.70%

96 of the 124 US Active Equity funds charge less.

GGM costs $94.00 a year on $10,000. The median US Active Equity fund costs $70.00.