ETF Evaluator:
Bridges Capital Tactical ETF ()
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(as of Aug 26)
Best Performing in Tactical Allocation Over the Last Year
| 31.2% | Relative Sentiment Tactical Allc ETF (MOOD) |
| 27.5% | RH Tactical Rotation ETF (RHRX) |
| 25.2% | Cambria Global Momentum ETF (GMOM) |
| 24.3% | STF Tactical Growth ETF (TUG) |
| 23.1% | Alexis Practical Tactical ETF (LEXI) |
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ETF Details
Bridges Capital Tactical ETF Overview
Bridges Capital Tactical ETF (BDGS) is an actively managed Allocation Tactical Allocation exchange-traded fund (ETF). Bridges launched the ETF in 2023.
The investment seeks to provide capital appreciation while preserving capital during market drawdowns.
The fund is an actively managed, diversified exchange-traded fund (“ETF”) that seeks to achieve its investment objective by investing in a blend of passively managed U.S. equity index ETFs, large-capitalization equity securities and cash or cash equivalents. It is expected that the fund will generally hold 5 to 20 investments selected from a universe that includes large-capitalization U.S. equity securities and passively managed index ETFs tracking U.S. small-, mid- and large-capitalization equity indexes (the “Indexes”).
About Bridges Capital Tactical ETF (BDGS)
There are 1 members of the management team with an average tenure of 3.23 years: Raymond Bridges (2023). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and Solactive 1-3 month US T-Bill TR USD index with a weighting of 100%. Bridges Capital Tactical ETF has 18 securities in its portfolio. The top 10 holdings constitute 85.6% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Bridges Capital Tactical ETF is part of the Allocation global asset class and is within the Allocation ETF group. Bridges Capital Tactical ETF has 0.6% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 153.0% There is 0.6% 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). Bridges Capital Tactical ETF has -53.5% of the portfolio in cash.
Assets Under Management
The fund has $42 million in total assets, which is below the $144 million average for the Tactical Allocation 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.
BDGS 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 Bridges Capital Tactical ETF expense ratio is high compared to funds in the Tactical Allocation category. Bridges Capital Tactical ETF has an expense ratio of 0.87%, which is 11% lower than its category average, making the fund expense ratio grade a C. 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. Bridges Capital Tactical ETF has a portfolio turnover rate of 381%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 261% for the Tactical Allocation category.
Recently, in the month of July 2026, Bridges Capital Tactical ETF returned -0.3%, which earned it a grade of B, as the Tactical Allocation category had an average return of -1.4%. 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.
Bridges Capital Tactical ETF has a trailing yield of 0.53%, which is below the 2.15% 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.
Bridges Capital Tactical ETF Grades
Year to date, the ETF has returned 4.4%, 3.1 percentage points worse than the category, which translates into a grade of D. The fund has returned 9.8% over the past year (grade of F) and 13.2% over the past three years (grade of B).
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BDGS Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| BDGS Return (NAV) | -0.3% | 0.2% | 9.8% | 13.2% | na | na |
| BDGS Return (Price) | -0.3% | 0.2% | 9.8% | 13.2% | na | na |
| NAV +/- Price Return | 0.007% | -0.016% | -0.026% | -0.008% | na | na |
| Tactical Allocation Avg | -1.4% | 1.6% | 15.9% | 10.6% | 5.4% | 7.4% |
| BDGS Grade (NAV) | B | D | F | B | na | na |
| +/- Category (NAV) | 1.1% | -1.4% | -6.1% | 2.6% | na | na |
| BDGS Tax-Cost Ratio | na | na | 0.3% | 0.5% | na | na |
BDGS Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| BDGS Return (NAV) | 4.4% | 10.8% | 19.1% | na | na | na | na | na | na | na | na |
| BDGS Return (Price) | 4.4% | 10.8% | 19.1% | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | 0.000% | -0.000% | -0.001% | na | na | na | na | na | na | na | na |
| Tactical Allocation Avg | 7.5% | 12.7% | 11.7% | 10.7% | -13.3% | 16.9% | 7.5% | 14.0% | -6.3% | 19.2% | 7.1% |
| BDGS Grade (NAV) | D | C | A | na | na | na | na | na | na | na | na |
| +/- Category | -3.1% | -2.0% | 7.4% | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | 0.60 |
| R-Squared: | 52% |
| Standard Deviation: | 7.8% |
| Category Risk Index: | 0.66 |
| Category Risk Rating: | Low |
| Total Risk Index: | 0.64 |
| Total Risk Rating: | Below Average |
| Portfolio Characteristics | |
| Yield: | 0.5% |
| Total Assets: | $ 42 Mil |
| Share Class Assets: | $ 42 Mil |
| Turnover: | 381.0% |
| Expense Ratio: | 0.87% |
| Index Fund: | No |
| Index Tracked: | S&P 500 (TR) (1970) |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 1 | |||
| Longest Tenure: 3.2 years | |||
| Average Tenure: 3.2 years | |||
| Managers (Year): Bridges Raymond (2023) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 18 |
| % in Top 10 Holdings: | 85.6% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 0.6% |
Portfolio Allocation |
|
| Domestic Stock: | 153.0% |
| Foreign Stock: | 0.6% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | -0.1% |
| Cash: | -53.5% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Bridges |
| Phone Number: | 215-330-4476 |
| Website: | www.valueshares.com |
| Inception Date: | May 10, 2023 |
Expenses and Fees
| Expense Ratio (%): | 0.87% (Rating: High) |
| Category Average Expense Ratio (%): | 0.97% |
