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The fund is an actively-managed ETF that seeks to achieve its investment objective by investing in asset classes that the fund's portfolio managers believe offer the most attractive combined risk/return opportunities. The term "asset classes" generally includes, among others, U.S. equities, foreign securities, currencies, bonds, and REITs. It may invest globally in any asset class or security and may at times have significant exposure to a single asset class.
Is GDMA's expense ratio expensive, average, or a steal for its category?
Pro reveals the verdict on a 5-tier spectrum calibrated against ICI 2025 industry averages, with strategy-aware bands so the comparison is meaningful.
Gadsden Dynamic Multi-Asset ETF is an actively managed fund focused on total return via tactical asset allocation with high turnover (661%). GDMA currently has 70% of its assets in ETFs holding or emulating short-term debt securities. GDMA delivers strong risk-adjusted performance compared to key competitors over the past six years.
GDMA has a very contemporary approach to allocating assets. Frankly, it is one very close to what I did as a manager for decades. However, the ETF's limited history has been long enough to create "reasonable doubt" about whether its managers can consistently protect capital. In 2020's flash decline, they didn't.
Meanwhile, several funds had changes to their indexes, names or expense ratios.
A reader asked for my thoughts on GDMA. GDMA is a multi-asset class actively-managed ETF.
This is a weekly series focused on analyzing the previous week’s economic data releases. The objective is to concentrate on leading indicators of economic activ