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GMMA

GradeCNew York Stock Exchange Arca

GammaRoad Market Navigation ETF

Multi-Asset & Alternatives · GammaRoad · Inception 2024-09-16

$22.11+0.00 (+0.00%)

As of Sep 23, 2026, 9:46 AM EDT

Market opens at 9:30 AM ET.History starts Sep 17, 2024.
Intraday session: up, 8 prints from 21.68 to 22.11. Range 21.68 to 22.12. Use the arrow keys to read each point.$21.70$21.80$21.90$22.00Sep 17Sep 18Sep 21Sep 22Sep 23
Expense ratio
0.86%
Fund size
$7M
1Y return
+7.3%
Yield · Last 12 months
3.37%
Volume · 30D
0M sh
NAV per share
$22.12
52W range
low $19.89high $22.16

The ETF.net GMMA Grade

C

42/ 100

Rank 35 of 46 in Tactical Allocation⁠

Confidence Medium

Six-pillar profile for GMMA. Scores out of 100: Cost 53, Risk 74, Mission not scored, Tradability 2, Holdings 36, Durability 11. Strongest: Risk (74). Weakest: Tradability (2). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 42 of 100 sits in the C 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.
    CScore 53
    Category rank22/46 · top 48%

  • 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 74
    Category rank4/46 · top 9%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    FScore 2
    Category rank45/46 · bottom quartile

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    DScore 36
    Category rank37/42 · bottom quartile

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    FScore 11
    Category rank46/46 · bottom quartile

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

Our read on GMMA

ETF.net Research

CAn active US fund that navigates by a published rulebook: GammaRoad's strategy is codified in its own MarketVector index, so the framework is visible. Young, small, and priced like a specialist at 0.84%.

Stated mandate

The Fund seeks capital appreciation through an actively managed strategy that generally tracks the MarketVector GammaRoad U.S. Equity Strategy Index.

Why people hold it

  1. 01Active, but not a black box: the strategy is written into the MarketVector GammaRoad U.S. Equity Strategy Index, so the framework it navigates by is published.
  2. 02Multi-asset toolkit inside a US mandate: it can reach past plain stock exposure while pursuing capital appreciation at home.
  3. 03Its short live record shows a tamer risk profile than most active US equity funds in the group, the fund's best-measured trait so far. One year is thin evidence.
  4. 04Distributions land on a quarterly schedule.

Worth knowing

  1. 01At 0.84%, the fee runs above the typical active US equity fund, and core peers like DFAU (0.12%), AVLC (0.15%) and FELC (0.18%) charge a fraction of it.
  2. 02Small and thinly traded, so the bid-ask spread is a real part of the cost of getting in and out.
  3. 03Launched in 2024, so there is no full market cycle yet showing how the navigation calls behave in a deep drawdown.

GMMA Holdings

As of Sep 20, 2026, 10:19 AM
Asset class
Other
Holdings
—
Top-10 weight
100%
Largest holding
IVV67.8%

Sectors

  • Technology38.5%
  • Financials12.1%
  • Communication9.6%
  • Consumer Discr.9.3%
  • Health Care9.3%
  • Industrials7.8%
  • Cons. Staples4.5%
  • Energy3.4%
  • Utilities2.0%
  • Real Estate1.8%
  • Materials1.7%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001IVViShares Core S&P 500 ETF67.83%5,824$4M54
002BILState Street SPDR Bloomberg 1-3 Month T-Bill ETF31.68%22,708$2M19
003—First American Government Obligations Fund 12/01/20310.27%18,000$18K625
004—Cash & Other0.22%14,256$14K674

Showing 1–4 of 4 holdings

GMMA Performance

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

GMMA$10,731
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. GMMA $10,731. 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 GMMA. Periods over one year show the average yearly return.
PeriodGMMA
Year to date+5.9%
1 month+0.9%
3 months+2.9%
1 year+7.3%
3 yearsFund is under 3 years old—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 GMMA
YearReturn barGMMA
2026 YTD+5.9%
2025+9.0%
2024+0.5%

History from Sep 17, 2024

GMMA in the news

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

GMMA 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.
3.37%Last 12 months
Payout per share
$0.74Last 12 months
Last payment
$0.11 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2024–2026

One bar per payment. 7 payments from 2024 to 2026 YTD. Dec 30, 2024 $0.11; Mar 28, 2025 $0.02; Jun 27, 2025 $0.15; Sep 29, 2025 $0.13; Dec 30, 2025 $0.34; Mar 30, 2026 $0.18; Jun 29, 2026 $0.11. Use the arrow keys to read each point.202420252026YTD
Ex-datePay dateAmount per share
Jun 29, 2026Jun 30, 2026$0.11
Mar 30, 2026Mar 31, 2026$0.18
Dec 30, 2025Dec 31, 2025$0.34
Sep 29, 2025Sep 30, 2025$0.13
Jun 27, 2025Jun 30, 2025$0.15
Mar 28, 2025Mar 31, 2025$0.02
Dec 30, 2024Dec 31, 2024$0.11

GMMA Risk

How much the fund’s monthly returns vary, scaled to a year.
6.1%
Annualised · 23 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.
0.49
vs 3-month T-bills · 23 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.
−5.2%
24 months · trough Jan 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.
0.38
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.

GMMA Cost

Expense ratio0.86%
  • The middle half of Tactical Allocation funds
  • Median 0.91%

21 of the 46 Tactical Allocation funds charge less.

GMMA costs $86.00 a year on $10,000. The median Tactical Allocation fund costs $90.50.