Launch Roundup
Subversive ETFs listed S&P 500 and Nasdaq-100 funds that exclude Elon Musk's companies
Brinsmere Fund Growth ETF
$32.59−0.05 (−0.15%)
- 0.46%
- $386M
- +14.9%
- 2.43%
- 0M sh
- $32.70
- low $29.12high $33.37
The ETF.net TBFG Grade
B
Score 61 out of 100
- 10 of 37
Score 61 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 100Rank 15 of 37Mission
Whether the fund did what it promised, tested against its stated mandate.A80 out of 100Rank 11 of 29Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C45 out of 100Rank 25 of 35Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C41 out of 100Rank 26 of 37Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B67 out of 100Rank 14 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 TBFG
BA one-ticket growth allocation that hands the wheel to three adviser-built strategies instead of a fixed stock/bond split, spanning US and international funds at roughly half the cost of the typical allocation ETF.
The Fund seeks long-term growth of capital. It systematically allocates among three adviser-developed strategies that rebalance underlying funds using proprietary risk-management techniques.
Why people hold it
- 0.42% a year against a 0.78% median for allocation funds. Unusually lean for something actively steered rather than tracking a set glidepath.
- Three in-house strategies rebalance the underlying funds using the adviser's own risk techniques. You are outsourcing the allocation calls, not just security selection.
- The portfolio lines up closely with the long-term growth mandate written in its prospectus, and that consistency ranks among the stronger showings in its allocation peer group.
- Reaches across US and international markets in one wrapper, pays quarterly, and has pulled in serious assets since its 2024 launch.
Worth knowing
- Thinly traded. Spreads can widen when markets move fast, so the price on the screen deserves more attention than it would with a giant index fund.
- Cheap for active, not cheap outright. Index allocation funds such as AOA (0.19%) and IRTR (0.08%) charge a fraction of this.
- Launched in 2024, so the track record is short, and the three strategies are proprietary. You get the outcome, not the recipe.
TBFG Holdings
- Other
- 24
- 67%
- SPYM
Sectors
- Technology30.7%
- Financials14.6%
- Industrials10.7%
- Health Care8.7%
- Consumer Discretionary8.3%
- Communication7.4%
- Energy6.0%
- Consumer Staples4.5%
- Materials4.4%
- Real Estate2.5%
- Utilities2.1%
Geography
- United States100.00%
TBFG 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.
TBFG$11,493
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 | TBFG |
|---|---|
| Year to date | +10.3% |
| 1 month | −0.4% |
| 3 months | +0.5% |
| 1 year | +14.9% |
| 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 | TBFG |
|---|---|---|
| 2026 YTD | +10.3% | |
| 2025 | +14.5% | |
| 2024 | +10.5% |
TBFG in the news
TBFG Dividends
- 2.43%
- $0.79
- $0.14 per share
- Quarterly
Distribution history
TBFG Risk
- 9.0%
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.
- 0.87
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.
- −13.4%
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.
- 0.71
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
TBFG Cost
0.46%
TBFG0.46%
- The middle half of Multi-Asset Allocation funds
- Median 0.58%
14 of the 37 Multi-Asset Allocation funds charge less.
Other funds in Multi-Asset Allocation
- BELMElm Market Navigator ETFExpense ratio 0.24%1 year return +12.1%
- BOCIOClearShares OCIO ETFExpense ratio 0.66%1 year return +14.4%
- BRAAXVanEck Real Assets ETFExpense ratio 0.55%1 year return +22.1%
- BRMHYGlobal X Adaptive Risk Managed Yield ETFExpense ratio 0.35%1 year return —
- BDRSKAptus Defined Risk ETFExpense ratio 0.78%1 year return −3.1%