ETF Evaluator:
GGM Macro Alignment ETF ()
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(as of Aug 26)
Best Performing in Large Blend Over the Last Year
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Risk
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ETF Details
GGM Macro Alignment ETF Overview
GGM Macro Alignment ETF (GGM) is an actively managed U.S. Equity Large Blend exchange-traded fund (ETF). GGM ETF launched the ETF in 2023.
The investment seeks to provide long-term capital appreciation.
The fund is an actively managed exchange-traded fund (“ETF”) that may engage in active trading. The fund advisor will use a “fund of funds” approach, and seeks to achieve the fund's investment objective by investing in the shares of market sector, sub-sector, and “style” exchange-traded funds.
About GGM Macro Alignment ETF (GGM)
There are 5 members of the management team with an average tenure of 2.85 years: Ryan Baldwin (2023), Mark Bauer (2023), Steven Hannigan (2023), Michael Little (2023) and Jeffrey Johnson (2023). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 1 primary benchmark: S&P 500 (TR) index with a weighting of 100%. GGM Macro Alignment ETF has 6 securities in its portfolio. The top 10 holdings constitute 99.0% 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.
GGM Macro Alignment ETF is part of the Equity global asset class and is within the U.S. Equity ETF group. GGM Macro Alignment ETF has 1.4% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 97.5% There is 1.4% 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). GGM Macro Alignment ETF has 1.1% of the portfolio in cash.
Assets Under Management
The fund has $19 million in total assets, which is below the $13 billion average for the Large Blend 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.
GGM 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 GGM Macro Alignment ETF expense ratio is high compared to funds in the Large Blend category. GGM Macro Alignment ETF has an expense ratio of 0.94%, which is 127% higher than its category average, making the fund expense ratio grade a F. 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. GGM Macro Alignment ETF has a portfolio turnover rate of 467%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 158% for the Large Blend category.
Recently, in the month of July 2026, GGM Macro Alignment ETF returned 1.7%, which earned it a grade of A, as the Large Blend category had an average return of -0.8%. 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.
GGM Macro Alignment ETF has a trailing yield of 1.40%, which is above the 1.16% category average.
The fund normally distributes its income quarterly 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.
GGM Macro Alignment ETF Grades
Year to date, the ETF has returned 12.6%, 3.1 percentage points better than the category, which translates into a grade of A. The fund has returned 17.5% over the past year (grade of D).
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GGM 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 |
|
| GGM Return (NAV) | 1.7% | 6.1% | 17.5% | na | na | na |
| GGM Return (Price) | 1.3% | 6.6% | 15.7% | na | na | na |
| NAV +/- Price Return | 0.344% | -0.497% | 1.830% | na | na | na |
| Large Blend Avg | -0.8% | 3.7% | 17.5% | 17.4% | 11.2% | 13.6% |
| GGM Grade (NAV) | A | A | D | na | na | na |
| +/- Category (NAV) | 2.5% | 2.4% | -0.0% | na | na | na |
| GGM Tax-Cost Ratio | na | na | 0.6% | na | na | na |
GGM Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| GGM Return (NAV) | 12.6% | 1.0% | 4.9% | na | na | na | na | na | na | na | na |
| GGM Return (Price) | 10.2% | 0.6% | 6.6% | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | -0.192% | -0.425% | 0.352% | na | na | na | na | na | na | na | na |
| Large Blend Avg | 9.5% | 15.3% | 21.9% | 22.9% | -17.1% | 26.9% | 18.3% | 29.6% | -5.1% | 21.5% | 11.4% |
| GGM Grade (NAV) | A | F | F | na | na | na | na | na | na | na | na |
| +/- Category | 3.1% | -14.4% | -17.0% | 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: | 1.4% |
| Total Assets: | $ 20 Mil |
| Share Class Assets: | $ 20 Mil |
| Turnover: | 467.0% |
| Expense Ratio: | 0.94% |
| Index Fund: | No |
| Index Tracked: | S&P 500 (TR) |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Quarterly |
Management Team
| Number of Managers: 5 | |||
| Longest Tenure: 2.9 years | |||
| Average Tenure: 2.9 years | |||
| Managers (Year): Baldwin Ryan (2023), Bauer Mark (2023), Hannigan Steven (2023), Little Michael (2023), Johnson Jeffrey (2023) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 6 |
| % in Top 10 Holdings: | 99.0% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 1.4% |
Portfolio Allocation |
|
| Domestic Stock: | 97.5% |
| Foreign Stock: | 1.4% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 1.1% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | GGM ETF |
| Phone Number: | 800-966-9991 |
| Website: | www.ascentiafunds.com |
| Inception Date: | September 25, 2023 |
Expenses and Fees
| Expense Ratio (%): | 0.94% (Rating: High) |
| Category Average Expense Ratio (%): | 0.41% |
