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TOGA

GradeDNew York Stock Exchange Arca

Tremblant Global ETF

Active Equity · Tremblant · Inception 2022-08-01

$29.50−0.35 (−1.19%)

As of Sep 23, 2026, 2:20 PM EDT

History starts May 3, 2024.
Intraday session: down, 57 prints from 29.85 to 29.50. Range 29.27 to 29.74. Use the arrow keys to read each point.$29.30$29.40$29.60$29.7010 AM12 PM2 PM4 PM
Expense ratio
0.69%
Fund size
$172M
1Y return
−18.1%
Yield · Last 12 months
—
Volume · 30D
0M sh
NAV per share
$29.99
52W range
low $26.06high $36.60

The ETF.net TOGA Grade

D

39/ 100

Rank 29 of 44 in Global Active Equity⁠

Confidence Medium

Six-pillar profile for TOGA. Scores out of 100: Cost 49, Risk 3, Mission not scored, Tradability 40, Holdings 51, Durability 62. Strongest: Durability (62). Weakest: Risk (3). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 39 of 100 sits in the D 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 49
    Category rank24/44 · mid-pack

  • 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.
    FScore 3
    Category rank42/42 · bottom quartile

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    CScore 40
    Category rank30/44 · mid-pack

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    CScore 51
    Category rank22/43 · mid-pack

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    BScore 62
    Category rank20/44 · top 45%

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

Our read on TOGA

ETF.net Research

DNo index here. A manager picks stocks anywhere in the world, and the 0.69% fee lands right at the middle of the active global equity pack. Launched in 2024, so the record is still short.

Stated mandate

The Fund is an actively managed ETF whose objective is pursued primarily through investments in equity securities.

Why people hold it

  1. 01Genuinely active and genuinely global: the portfolio is assembled by a manager choosing equities worldwide, not by copying a benchmark.
  2. 02The 0.69% expense ratio is the median for its active global equity group, so the stock-picking costs no more than the going rate.
  3. 03Plain-vanilla fund structure under the 1940 Act: ordinary ETF shares, 1099 at tax time, no K-1 paperwork.

Worth knowing

  1. 01The strongest-graded funds in this global cohort charge far less: GSWO at 0.15% and AVGE at 0.25%, against 0.69% here.
  2. 02Thinly traded, so the gap between bid and ask can widen. Limit orders are the standard tool with funds like this.
  3. 03A 2024 launch means a short history, and on the single year of data available the ride has been bumpier than most global peers.

TOGA Holdings

As of Sep 20, 2026, 10:14 AM
Asset class
Stocks
Holdings
—
Top-10 weight
45%
Largest holding
RDDT5.3%

Sectors

  • Technology33.5%
  • Communication31.5%
  • Consumer Discr.22.1%
  • Financials7.5%
  • Real Estate3.3%
  • Industrials2.1%

Geography

  • United States77.71%
  • Sweden5.61%
  • Singapore3.90%
  • Uruguay3.73%
  • Germany3.59%
  • Canada3.31%
  • Israel2.16%
The fund’s holdings, weight-ordered — page 1 of 3.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001RDDTReddit Inc5.29%59,350$9M286
002SPOTSpotify Technology SA5.27%17,482$9M138
003MTCHMatch Group Inc4.91%192,040$8M189
004VRNSVaronis Systems Inc4.81%171,138$8M100
005UBERUber Technologies Inc4.66%111,882$8M424
006DASHDoorDash Inc4.56%39,941$8M339
007LYVLive Nation Entertainment Inc3.86%39,025$7M246
008WHWyndham Hotels & Resorts Inc3.83%95,233$6M149
009CPNGCoupang Inc3.79%447,983$6M131
010TKOTKO Group Holdings Inc3.75%33,491$6M228
011GRABGrab Holdings Ltd3.71%2,243,103$6M80
012EVD.DECTS Eventim AG & Co KGaA3.62%95,909$6M63
013MELIMercadoLibre Inc3.60%3,406$6M225
014REALRealReal Inc/The3.37%602,418$6M69
015CSGPCoStar Group Inc3.29%191,080$6M219

Showing 1–15 of 33 holdings

TOGA Performance

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

TOGA$8,187
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. TOGA $8,187. SPY $11,723. Use the arrow keys to read each point.$6,890$9,506$12,123Sep 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 TOGA. Periods over one year show the average yearly return.
PeriodTOGA
Year to date−12.8%
1 month−5.0%
3 months+0.2%
1 year−18.1%
3 yearsHistory unavailable—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 TOGA
YearReturn barTOGA
2026 YTD−12.8%
2025+14.1%
2024+17.4%

History from May 3, 2024

TOGA in the news

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

TOGA Dividends

This fund pays no distributions.
—Last 12 months
Payout per share
—Last 12 months

No distributions in the last 12 months.

TOGA Risk

How much the fund’s monthly returns vary, scaled to a year.
17.7%
Annualised · 27 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.
0.37
vs 3-month T-bills · 27 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.
−28.5%
28 months · trough Mar 2026
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.
1.14
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.

TOGA Cost

Expense ratio0.69%
  • The middle half of Global Active Equity funds
  • Median 0.69%

21 of the 44 Global Active Equity funds charge less.

TOGA costs $69.00 a year on $10,000. The median Global Active Equity fund costs $69.00.