GMOD vs TUG

GMODAGMO Dynamic Allocation ETF

TUGBSTF Tactical Growth 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.

TUG A trend-following read on the Nasdaq-100: STF's model watches moving averages and shifts the fund between big-tech equity, long-duration Treasuries and T-bills, so the risk-off decision is built into the machinery.

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.

TUG The Fund seeks long-term growth of capital.

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.

• TUG At 0.65% a year it undercuts the typical tactical allocation fund, where 0.95% sits in the middle of the pack.
• One clear job: the model reads trends in the Nasdaq-100 and dials between index equity, long-duration Treasuries and cash. No black-box asset soup.sec.gov
• Same engine as sibling TUGN, minus the overlay. TUGN layers on an options spread for income; TUG stays the straight growth version.sec.govsec.gov 2

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.

• TUG Small asset base and light trading volume. Spreads can widen, so your entry price can matter more than the fee.
• Trend models trade. The prospectus flags active and frequent trading, which brings turnover, tax friction and whipsaw risk in choppy markets.sec.gov
• The defensive sleeve leans on long-duration Treasuries, which swing with interest rates rather than parking flat like cash.sec.gov

Full GMOD profile⁠

Full TUG profile⁠