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Launched

GammaRoad Market Navigation ETF

GMMANYSE ArcaC

$22.150.00 (0.00%)

As of Oct 13, 2026, 9:46 AM

C50/ 100

Rank 29 of 46 in Tactical Allocation

C50/100Rank 29 of 46inTactical Allocation
Intraday session: flat, 1 prints from 22.15 to 22.15. Range 22.15 to 22.15. Use the arrow keys to read each point.21.5023.0010 AM12 PM2 PM4 PM
Expense ratio
0.86%
Fund size
$7M
1Y total return
+8.4%
Yield · Last 12 months
3.10%
Holdings
4
Avg volume · 30D
0M sh
NAV per share
$22.16
52W range
low $19.89high $22.17
Launched

The ETF.net GMMA Grade

Based on 5 of 6 pillars

C

Score 50 out of 100

Category
Tactical Allocation⁠
Rank
29 of 46
Six-pillar profile for GMMA. Scores out of 100: Cost 53, Risk 76, Mission not scored, Tradability 40, Holdings 36, Durability 12. Strongest: Risk (76). Weakest: Durability (12). Based on 5 of 6 pillars.

Score 50 of 100 falls in the C 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.
    C53 out of 100
    Rank 22 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.
    A76 out of 100
    Rank 4 of 46

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C40 out of 100
    Rank 32 of 46

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    D36 out of 100
    Rank 37 of 43

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    F12 out of 100
    Rank 45 of 46

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 Oct 13, 2026
Asset class
Other
Holdings
4
Top-10 weight
100%
Largest holding
IVV68.5%

Sectors

  • Technology40.1%
  • Financials11.3%
  • Communication9.9%
  • Health Care9.4%
  • Consumer Discretionary8.7%
  • Industrials7.6%
  • Consumer Staples4.4%
  • Energy3.4%
  • Utilities1.9%
  • Real Estate1.7%
  • Materials1.6%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001IVViShares Core S&P 500 ETF68.51%5,824$5M57
002BILState Street SPDR Bloomberg 1-3 Month T-Bill ETF31.26%22,708$2M19
003—First American Government Obligations Fund 12/01/20310.19%12,569$13K529
004—Cash & Other0.04%2,334$2K672

Showing 1–4 of 4 holdings

GMMA Performance

Launched Sep 16, 2024

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.Not enough history yet.
GMMA$10,843
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. GMMA $10,843. 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 GMMA. Periods over one year show the average yearly return.
PeriodGMMA
Year to date+6.4%
1 month+1.5%
3 months+2.5%
1 year+8.4%
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 GMMA
YearReturn barGMMA
2026 YTD+6.4%
2025+9.0%
2024+0.5%

History from Sep 17, 2024

GMMA in the news

Filtered to GMMA · Tactical Allocation

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 Oct 12, 2026.
3.10%Last 12 months
Payout per share
$0.69Last 12 months
Last payment
$0.07 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. 8 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; Sep 29, 2026 $0.07. Use the arrow keys to read each point.202420252026YTD
Ex-datePay dateAmount per share
Sep 29, 2026Sep 30, 2026$0.07
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.
6.0%
Annualised · 24 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.
0.45
vs 3-month T-bills · 24 months 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.
−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.

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