Launch Roundup
Subversive ETFs listed S&P 500 and Nasdaq-100 funds that exclude Elon Musk's companies
Brinsmere Fund Conservative ETF
$28.84−0.03 (−0.11%)
- 0.44%
- $358M
- +7.1%
- 3.15%
- 0M sh
- $28.91
- low $27.64high $29.79
The ETF.net TBFC Grade
B
Score 64 out of 100
- 7 of 37
Score 64 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.B65 out of 100Rank 13 of 37Mission
Whether the fund did what it promised, tested against its stated mandate.A75 out of 100Rank 12 of 29Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B61 out of 100Rank 11 of 35Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C50 out of 100Rank 18 of 37Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B60 out of 100Rank 15 of 33Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B67 out of 100Rank 11 of 37
Our read on TBFC
BA one-ticket global portfolio with the brakes built in: stocks and bonds worldwide, allocated by a systematic model, at roughly half the fee of the typical allocation fund.
The Fund seeks long-term capital appreciation while maintaining an approach consistent with capital preservation.
Why people hold it
- Costs 0.40% a year against a 0.78% median for allocation funds. For a fund meant to be your whole portfolio, that fee gap is the easiest thing to control.
- Global by construction: U.S., developed international and emerging market stocks and bonds in one wrapper, rather than five tickers you rebalance yourself.
- The mandate names capital preservation alongside long-term growth, so the conservative tilt is written into the fund's own objective, not just its marketing.
- Pays on a quarterly schedule and sits in the upper half of a crowded allocation peer group on our review.
Worth knowing
- Trades lightly for its category. Spreads and order handling matter more here than with the big index allocation funds.
- Cheap versus the category median, not versus the cheapest shelf: index-built one-ticket rivals like IRTR (0.08%) and AOA (0.19%) undercut it. The extra fee buys an active model.
- Launched in 2024 and run to a systematic model rather than a published index, so there is neither a long record nor a benchmark to grade it against.
TBFC Holdings
- Other
- 27
- 71%
- SHV
Sectors
- Technology28.7%
- Financials15.3%
- Industrials11.4%
- Health Care9.4%
- Consumer Discretionary8.0%
- Communication6.7%
- Energy6.3%
- Consumer Staples4.9%
- Materials4.4%
- Real Estate2.7%
- Utilities2.3%
Geography
- United States100.00%
TBFC Performance
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.
TBFC$10,708
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.
| Period | TBFC |
|---|---|
| Year to date | +4.2% |
| 1 month | −0.8% |
| 3 months | −0.9% |
| 1 year | +7.1% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | TBFC |
|---|---|---|
| 2026 YTD | +4.2% | |
| 2025 | +11.4% | |
| 2024 | +8.2% |
TBFC in the news
TBFC Dividends
- 3.15%
- $0.91
- $0.21 per share
- Quarterly
Distribution history
TBFC Risk
- 6.4%
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.
- 0.60
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.
- −8.9%
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.
- 0.47
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
TBFC Cost
0.44%
TBFC0.44%
- The middle half of Multi-Asset Allocation funds
- Median 0.58%
13 of the 37 Multi-Asset Allocation funds charge less.
Other funds in Multi-Asset Allocation
- ATRTYCambria Trinity ETFExpense ratio 0.39%1 year return +18.5%
- AGAACambria Global Asset Allocation ETFExpense ratio 0.32%1 year return +16.8%
- BDIALColumbia Diversified Fixed Income Allocation ETFExpense ratio 0.29%1 year return −0.9%
- BGALState Street Global Allocation ETFExpense ratio 0.35%1 year return +12.7%
- BDDVEA Series Trust - Defined Duration 5 ETFExpense ratio 0.27%1 year return —