ETF Evaluator:
Buffered Bulldog ETF ()
Follow This ETF
(as of )
Best Performing in Large Growth Over the Last Year
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Risk
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Risk
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ETF Details
Buffered Bulldog ETF Overview
Buffered Bulldog ETF (ACJL) is an actively managed U.S. Equity Large Growth exchange-traded fund (ETF). Tidal Investments LLC launched the ETF in 2026.
The investment seeks capital appreciation.
The fund is an actively managed exchange-traded fund (“ETF”) that seeks to achieve its investment objective by investing primarily in equity securities of companies that C.J. Lawrence®, a division of Apollon Wealth Management, LLC (the “Sub-Adviser”) believes are well-positioned to capitalize on the evolving global economic landscape (“Bulldogs”), together with a systematic option overlay utilizing exchange-traded European-style FLEX Options on the SPDR S&P 500 ETF Trust (“SPY” or the “Underlying ETF”). The fund is non-diversified.
About Buffered Bulldog ETF (ACJL)
There are 4 members of the management team with an average tenure of 0.01 years: Bernhard Koepp (2026), Scott Snyder (2026), Quinn Berry (2026) and Terry Gardner (2026). Management tenure is more important for actively managed ETFs than passive index ETFs.
Buffered Bulldog ETF has 41 securities in its portfolio. The top 10 holdings constitute 29.0% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Buffered Bulldog ETF is part of the Equity global asset class and is within the U.S. Equity ETF group. Buffered Bulldog ETF has 2.7% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 96.8% There is 2.7% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Buffered Bulldog ETF has -100.5% of the portfolio in cash.
Assets Under Management
The fund has $1 million in total assets, which is below the $7 billion average for the Large Growth category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
ACJL Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Buffered Bulldog ETF expense ratio is above average compared to funds in the Large Growth category. Buffered Bulldog ETF has an expense ratio of 0.75%, which is 50% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Buffered Bulldog ETF has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 74% for the Large Growth category.
Recently, in the month of October 2026, Buffered Bulldog ETF returned 0.0%, which earned it a grade of NA, as the Large Growth category had an average return of -5.0%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Buffered Bulldog ETF has a trailing yield of 0.00%, which is below the 0.43% category average.
The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
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ACJL Trailing NAV Total Returns Data as of 10/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| ACJL Return (NAV) | na | na | na | na | na | na |
| ACJL Return (Price) | na | na | na | na | na | na |
| NAV +/- Price Return | na | na | na | na | na | na |
| Large Growth Avg | -5.0% | -0.5% | 2.8% | 23.0% | 8.2% | 15.7% |
| ACJL Grade (NAV) | na | na | na | na | na | na |
| +/- Category (NAV) | na | na | na | na | na | na |
| ACJL Tax-Cost Ratio | na | na | na | na | na | na |
ACJL Annual NAV Total ReturnsData as of 10/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| ACJL Return (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| ACJL Return (Price) | na | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | na | na | na | na | na | na | na | na | na | na | na |
| Large Growth Avg | 5.1% | 16.8% | 30.6% | 39.2% | -31.4% | 20.6% | 40.9% | 32.9% | -1.7% | 29.0% | 4.4% |
| ACJL Grade (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| +/- Category | na | na | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | -- |
| Total Assets: | $ 1 Mil |
| Share Class Assets: | $ 1 Mil |
| Turnover: | na |
| Expense Ratio: | 0.75% |
| Index Fund: | No |
| Index Tracked: | N/A |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 4 | |||
| Longest Tenure: 0.0 years | |||
| Average Tenure: 0.0 years | |||
| Managers (Year): Koepp Bernhard (2026), Snyder Scott (2026), Berry Quinn (2026), Gardner Terry (2026) | |||
Portfolio Composition (as of 10/30/26)
| # of Holdings: | 41 |
| % in Top 10 Holdings: | 29.0% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 2.7% |
Portfolio Allocation |
|
| Domestic Stock: | 96.8% |
| Foreign Stock: | 2.7% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 101.0% |
| Cash: | -100.5% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Tidal Investments LLC |
| Phone Number: | 855-955-1865 |
| Website: | |
| Inception Date: | October 29, 2026 |
Expenses and Fees
| Expense Ratio (%): | 0.75% (Rating: Above Avg) |
| Category Average Expense Ratio (%): | 0.50% |
