GMOD vs TDSB

GMODAGMO Dynamic Allocation ETF

TDSBBETC Cabana Target Beta 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.

TDSB Five sleeves (stocks, bonds, real estate, currencies, commodities) actively shuffled in pursuit of growth with limited volatility and looser ties to the stock market. Its yardstick is the S&P 500 Equal Weight Index, not the cap-weighted one.

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.

TDSB The Fund seeks long-term growth with limited volatility and reduced correlation to overall equity-market performance through active allocation among equities, fixed income, real estate, currencies, and commodities.

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.

• TDSB Genuinely multi-asset: equities, fixed income, real estate, currencies and commodities in one wrapper, reallocated by an active manager instead of parked at fixed weights.
• The 0.91% fee sits just under the typical tactical multi-asset fund in its peer group, which is not where actively steered strategies usually land.
• Trading since 2020, so the allocation calls have a live record behind them rather than a backtest.
• Income arrives on a quarterly schedule, and the mandate is explicitly written around reduced correlation to equity markets.

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.

• TDSB Thinly traded. Expect wider bid-ask spreads than a mainstream index fund, and more price impact on bigger orders.
• Cheaper tactical allocators share the shelf: ENDW at 0.22% and ONOF at 0.39% run their own versions of the go-anywhere playbook for a fraction of the fee.
• Everything rides on the manager's rotation calls. The stated goal is growth with limited volatility, not keeping pace with a straight stock index.

Full GMOD profile⁠

Full TDSB profile⁠