GMOD vs NMBL

GMODAGMO Dynamic Allocation ETF

NMBLDNovaTide Flexible Allocation ETF

In short

GMOD GMO's 7-year asset class forecasts, finally wrapped in an ETF. It tilts toward what the firm's valuation models call cheap and away from what they call expensive, shifting between stocks, bonds and alternatives inside one ticker.

NMBL A go-anywhere active fund: stocks, bonds, any country, emerging markets included, with no fixed allocation to defend. Launched in 2025, it charges 1.99% a year for that freedom.

Stated mandate

GMOD The Fund seeks positive total return. It allocates among asset classes using GMO's multi-year return forecasts and relative-risk assessments.

NMBL The Fund seeks capital appreciation through active management across multiple asset classes and countries worldwide, including emerging markets.

Why people hold it

• GMOD 0.50% all-in, about half the typical fee in its tactical-allocation peer group, and a contractual waiver offsets the fees of the GMO funds it holds so costs are not stacked.sec.gov
• GMO's first multi-asset strategy in an ETF, run by the asset allocation team behind the firm's long-running 7-year asset class forecasts.gmo.com
• The equity dial can swing between 40% and 80% of assets under normal conditions, so the fund handles the reallocating rather than you selling positions to do it.gmo.com
• Sits in the upper tier of a crowded tactical multi-asset group on cost and process clarity.

• NMBL Genuinely unconstrained: the mandate lets management move across asset classes and countries, emerging markets included, instead of defending a fixed 60/40 split.
• What it owns matches what it promises: the portfolio lines up closely with the global multi-asset mandate written into its prospectus.
• Plain 1940 Act ETF plumbing: daily liquidity, 1099 tax reporting, no leverage or exotic wrapper bolted onto the strategy.

Worth knowing

• GMOD New in 2025 and lightly traded so far, which can mean wider bid-ask spreads than the big allocation ETFs.
• It owns other GMO funds, and the single 0.50% rate leans on a contractual waiver with an expiration date rather than a permanent cap.sec.gov
• Cheaper tactical allocators exist (ENDW at 0.22%, ONOF at 0.39%), though each runs a different process.

• NMBL The fee is the hurdle. At 1.99% a year it sits at the top of the tactical allocation range, where ENDW charges 0.22% and ONOF 0.39%.
• Launched in 2025, so you are judging a process, not a record. It is also a small fund that trades lightly, which can widen bid-ask spreads.
• Built around capital appreciation, not cash flow: distributions land once or twice a year rather than monthly or quarterly.

Full GMOD profile⁠

Full NMBL profile⁠