TBFG vs UCBG: Grades, Fees and Holdings Compared

Brinsmere Fund Growth ETF

TBFGBNYSE Arca

State Street SPDR UC Investments 90/10 Endowment Strategy Index ETF

UCBGANYSE Arca

Overlap

0.0%by weight

Expense ratio

UCBG −0.40pt a year

TBFG0.46%UCBG0.06%

Avg volume · 30D

UCBG 2380.4×the volume

TBFG1.74KUCBG4.15M

TBFG vs UCBG Performance

Oct 2, 2026 – Nov 2, 2026

−2.1%TBFG−2.0%UCBG

Expense ratio: TBFG 0.46%; UCBG 0.06%, better
Fund size: TBFG $378M; UCBG $2.52B
1Y total return: TBFG +9.1%; UCBG No data
Yield (12M): TBFG 2.49%; UCBG No data
Holdings: TBFG 24; UCBG 868
Avg volume (30D): TBFG 1.74K sh; UCBG 4.15M sh, better
NAV per share: TBFG $32.04; UCBG $50.56
52W range

ETF.net Grade

Pillar letters and Scores for TBFG, UCBG, with each pillar’s weight
Pillar	TBFG	UCBG
Cost30% weight	B61	A100Higher
Mission25% weight	A81	A99Higher
Risk15% weight	C46	Not scored
Tradability15% weight	C41	A99Higher
Holdings10% weight	B68	A79Higher
Durability5% weight	B67Higher	B66

Rank among Multi-Asset Allocation funds

How we build Categories ›

Same Category. TBFG and UCBG are both graded against the same 37 Multi-Asset Allocation funds, so their Grades compare head to head.

Multi-Asset Allocation⁠

Category · 37 funds

See all 37 ›

UCBG ranks 1st and TBFG 10th of 37 funds in the Multi-Asset Allocation Category.

Rank 1AUCBGState Street SPDR UC Investments 90/10 Endowment Strategy Index ETFScore 95
Rank 2AAOAiShares Core 80/20 Aggressive Allocation ETFScore 88
Rank 10BDIALColumbia Diversified Fixed Income Allocation ETFScore 61
Rank 10BTBFGBrinsmere Fund Growth ETFScore 61
Rank 12BOCIOClearShares OCIO ETFScore 60

Our read on each fund

ETF.net Research

TBFGBBrinsmere Fund Growth ETF

UCBGAState Street SPDR UC Investments 90/10 Endowment Strategy Index ETF

In short

TBFG Three in-house models, run independently, decide what this global fund of funds holds. Launched in 2024, it is an allocation ETF where the mix shifts on the adviser's risk signals instead of sitting at a fixed 80/20 split.

UCBG No data

Stated mandate

TBFG 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.

UCBG No data

Why people hold it

TBFG 0.46%, with no fee waiver propping it up, which lands below the median for its 37-fund allocation category.
Three proprietary strategies (SMB, CAAR and SIS) run independently and systematically rebalance the underlying funds on the adviser's risk-management rules.sec.gov
One ticket covers global equity and bond markets, US and international, and the fund pays distributions quarterly.sec.gov
A multi-hundred-million-dollar fund sitting in the upper half of a 37-fund allocation group, a decent showing for a 2024 launch.

UCBG No data

Worth knowing

TBFG The models cost something. Index-built rivals run cheaper: AOA at 0.15% net of a waiver through November 30, 2026, and UCBG at 0.06%.
Thinly traded next to the category's household names, so the spread at the moment you trade can matter as much as the yearly fee.
No index to check it against. The asset mix comes from the adviser's own signals and can look nothing like a static stock-bond portfolio.sec.gov

UCBG No data

Full TBFG profile⁠

Full UCBG profile⁠

TBFG vs UCBG Holdings

How TBFG and UCBG differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of TBFG and 0.0% of UCBG.

Level by level

Holdings0 in both0.0%
Countryby domicile79.7%
Sector11 Sectors86.8%

Sector

Sector weights in TBFG and UCBG, widest gap first
Sector	More in TBFGMore in UCBG	TBFG	UCBG
Technology	UCBG +9.6 points	30.8%	40.4%
Financials	TBFG +3.4 points	14.6%	11.2%
Industrials	TBFG +3.1 points	10.7%	7.6%
Materials	TBFG +2.8 points	4.4%	1.6%
Energy	TBFG +2.6 points	6.0%	3.4%
Communication	UCBG +2.5 points	7.4%	9.9%
Real Estate	TBFG +0.8 points	2.5%	1.7%
Health Care	UCBG +0.6 points	8.7%	9.3%
Consumer Discretionary	UCBG +0.5 points	8.3%	8.8%
Utilities	TBFG +0.2 points	2.1%	1.9%
Consumer Staples	TBFG +0.2 points	4.5%	4.3%

Country, concentration and asset class

Country by domicile

Country weights in TBFG and UCBG, widest gap first
Country	More in TBFGMore in UCBG	TBFG	UCBG
United States	UCBG +19.7 points	76.3%	96.0%
Japan	TBFG +4.0 points	4.3%	0.3%
Taiwan	TBFG +2.0 points	2.0%	0.0%
South Korea	TBFG +1.5 points	1.5%	0.0%
United Kingdom	TBFG +1.3 points	2.2%	0.9%
Switzerland	TBFG +1.1 points	1.4%	0.3%
Canada	TBFG +1.1 points	1.5%	0.4%
Germany	TBFG +0.9 points	0.9%	0.0%
Other countries (32)	TBFG +7.6 points	9.7%	2.1%

Outside the US: TBFG 72% developed, 28% emerging.

Concentration

Weight in the 10 largest Holdings

TBFG66.2%
UCBG33.6%

Securities held

TBFG23
UCBG866

Asset class

TBFG: Multi-Asset
UCBG: Multi-Asset

Holdings

Only in TBFG23
In both0
Only in UCBG866

Only in TBFG

23 securities, 100% of TBFG by weight

State Street SPDR Portfolio S&P 500 ETF12.59%
State Street SPDR S&P 500 ETF Trust8.47%
iShares 0-1 Year Treasury Bond ETF8.03%
Invesco RAFI US 1000 ETF7.28%
Invesco S&P 500 Momentum ETF7.05%
Vanguard Morningstar Mega Cap Growth ETF5.60%
Vanguard Intermediate-Term Treasury ETF5.51%
State Street SPDR Portfolio S&P 600 Small Cap ETF4.03%
State Street SPDR Portfolio S&P 400 Mid Cap ETF3.94%
Vanguard Intermediate-Term Corporate Bond ETF3.69%
iShares MSCI EAFE Min Vol Factor ETF3.51%
Schwab Fundamental International Equity ETF3.34%
Dimensional International Value ETF3.33%
Dimensional International Core Equity 2 ETF3.32%
Avantis International Small Cap Value ETF3.24%
Dimensional Emerging Markets Value ETF3.23%
Vanguard Morningstar Value ETF3.21%
Columbia EM Core ex-China ETF2.77%
iMGP DBi Managed Futures Strategy ETF2.57%
Vanguard Morningstar Growth ETF2.09%
Vanguard Short-Term Inflation-Protected Securities ETF1.52%
Vanguard Long-Term Treasury ETF1.34%
First American Treasury Obligations Fund 01/01/20400.29%

Only in UCBG

866 securities, 99.7% of UCBG by weight

NVIDIA Corp6.99%
Apple Inc6.89%
Microsoft Corp5.32%
Amazon.com Inc3.24%
Alphabet Inc Class A2.25%
Broadcom Inc2.21%
Meta Platforms Inc Class A1.86%
Alphabet Inc Class C1.81%
Tesla Inc1.54%
Eli Lilly & Co1.49%
Micron Technology Inc1.43%
Berkshire Hathaway Inc Class B1.36%
Advanced Micro Devices1.25%
JPMorgan Chase & Co1.23%
Exxonmobil Holdings Corp1.02%
Visa Inc Class A Shares0.95%
Johnson & Johnson0.90%
Walmart Inc0.73%
AbbVie Inc0.70%
Mastercard Inc A0.70%
Chevron Corp0.62%
Intel Corp0.62%
Palantir Technologies Inc A0.61%
Costco Wholesale Corp0.60%
Cisco Systems Inc0.58%
Procter & Gamble Co/The0.50%
UnitedHealth Group Inc0.50%
Merck & Co. Inc.0.49%
Coca Cola Co/The0.49%
Applied Materials Inc0.45%
Bank of America Corp0.45%
Home Depot Inc0.44%
Philip Morris International0.44%
General Electric0.44%
Lam Research Corp0.43%
Palo Alto Networks Inc0.42%
Caterpillar Inc0.40%
Texas Instruments Inc0.38%
Goldman Sachs Group Inc0.37%
Rtx Corp0.36%
Crowdstrike Holdings Inc A0.36%
Thermo Fisher Scientific Inc0.35%
Netflix Inc0.35%
Wells Fargo & Co0.35%
Amgen Inc0.34%
Intl Business Machines Corp0.33%
Oracle Corp0.32%
Ge Vernova Inc0.32%
Linde PLC0.31%
Morgan Stanley0.30%

Weight gaps

TBFG and UCBG share no securities.

All TBFG holdings⁠All 503 UCBG holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

TBFG vs UCBG Cost

Overpaying TBFG vs UCBG

$7,960

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

TBFG 0.46%
$9,230
UCBG 0.06%
$1,270

Amount$10,000

Years30 years

Cost over time

TBFG 0.46%
UCBG 0.06%
Overpaying

Year by year

Year	TBFG	UCBG	Overpaying
10	$830	$110	$720
20	$3,195	$432	$2,763
30	$9,230	$1,270	$7,960

Expense ratio

0.46%TBFG
0.06%UCBG, cheaper

UCBG0.06%TBFG0.46%

0.06%1.36%

Middle half of Multi-Asset Allocation funds
Median 0.57%

UCBG cheapest of 37 funds

TBFG 15th cheapest of 37 funds

TBFG vs UCBG Dividends

Last 12 months to Nov 2, 2026

Yield (12M): TBFG 2.49%; UCBG No data
Payout (12M): TBFG $0.79; UCBG No data
Last payment: TBFG $0.14; UCBG $0.04
Ex-dividend: TBFG Sep 24, 2026; UCBG Sep 21, 2026
Paid on: TBFG Sep 25, 2026; UCBG Sep 23, 2026
Frequency: TBFG Quarterly; UCBG Irregular

Distribution history

Per share, 2024 to 2026, same scale for both

TBFGQuarterly · 11 paymentsAll TBFG payments⁠

UCBGIrregular · 1 paymentAll UCBG payments⁠

TBFG vs UCBG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: TBFG 9.0%since Feb 2024UCBG No data
Return per unit of riskSharpe ratio, 3 years: TBFG 0.79since Feb 2024UCBG No data
Worst fallMax drawdown, 5 years: TBFG −13.4%since Jan 2024UCBG No data
Market sensitivityBeta, 5 years: TBFG 0.71UCBG 0.00; Market = 1

TBFG and UCBG in the news

All news⁠

Category Review
The fund built to limit losses had the category's worst return
Sep 25, 2026UCBG
ETF Filings
Leverage Shares files 2x shorts on ByteDance and Canva
Sep 6, 2026UCBG

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TBFG vs UCBG

In short

Stated mandate

Why people hold it

Worth knowing

How TBFG and UCBG differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in TBFG

Only in UCBG

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

The fund built to limit losses had the category's worst return

Leverage Shares files 2x shorts on ByteDance and Canva