ETF Evaluator:
GMO Dynamic Allocation ETF ()
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(as of Aug 26)
Best Performing in Moderate Allocation Over the Last Year
| 29.1% | Adaptive Core ETF (RULE) |
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| 19.5% | Avantis Moderate Allocation ETF (AVMA) |
| 19.4% | Ned Davis Research 360 Dyn Allc ETF (NDAA) |
| 16.0% | SMI 3Fourteen REAL Asset Allocation ETF (RAA) |
Risk
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Risk
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ETF Details
GMO Dynamic Allocation ETF Overview
GMO Dynamic Allocation ETF (GMOD) is an actively managed Allocation Moderate Allocation exchange-traded fund (ETF). GMO launched the ETF in 2025.
The investment seeks positive total return.
The fund is an actively managed ETF that seeks to achieve its investment objective by owning a balanced portfolio of equity investments, fixed-income investments, and liquid alternative strategies. Initially, the fund will most likely operate as a fund of funds investing primarily in shares of other investment companies managed by GMO and third parties but is also permitted to invest directly in securities and other investments in lieu of, or in addition to, investing in underlying funds.
About GMO Dynamic Allocation ETF (GMOD)
There are 2 members of the management team with an average tenure of 0.80 years: John Thorndike (2025) and Ben Inker (2025). Management tenure is more important for actively managed ETFs than passive index ETFs.
GMO Dynamic Allocation ETF has 22 securities in its portfolio. The top 10 holdings constitute 76.7% 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.
GMO Dynamic Allocation ETF is part of the Allocation global asset class and is within the Allocation ETF group. GMO Dynamic Allocation ETF has 34.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 23.7% There is 34.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 40.7% (40.7% domestic bond, 0.0% foreign bond and 0.0% convertible bond). GMO Dynamic Allocation ETF has 1.5% of the portfolio in cash.
Assets Under Management
The fund has $43 million in total assets, which is below the $411 million average for the Moderate 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.
GMOD 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 GMO Dynamic Allocation ETF expense ratio is average compared to funds in the Moderate Allocation category. GMO Dynamic Allocation ETF has an expense ratio of 0.50%, which is 47% lower than its category average, making the fund expense ratio grade a A. 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. GMO Dynamic Allocation ETF has a portfolio turnover rate of 8%, which indicates that it holds its assets around / 0.1 years. By way of comparison, the average portfolio turnover is 162% for the Moderate Allocation category.
Recently, in the month of July 2026, GMO Dynamic Allocation ETF returned 0.7%, which earned it a grade of A, as the Moderate Allocation category had an average return of -1.0%. 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.
GMO Dynamic Allocation ETF has a trailing yield of 0.00%, which is below the 2.36% 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.
GMO Dynamic Allocation ETF Grades
Year to date, the ETF has returned 8.1%, 0.7 percentage points better than the category, which translates into a grade of B.
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GMOD 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 |
|
| GMOD Return (NAV) | 0.7% | 2.3% | na | na | na | na |
| GMOD Return (Price) | 0.7% | 2.3% | na | na | na | na |
| NAV +/- Price Return | 0.010% | 0.025% | na | na | na | na |
| Moderate Allocation Avg | -1.0% | 1.5% | 13.8% | 10.7% | 4.9% | na |
| GMOD Grade (NAV) | A | B | na | na | na | na |
| +/- Category (NAV) | 1.7% | 0.8% | na | na | na | na |
| GMOD Tax-Cost Ratio | na | na | na | na | na | na |
GMOD Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| GMOD Return (NAV) | 8.1% | na | na | na | na | na | na | na | na | na | na |
| GMOD Return (Price) | 8.1% | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | 0.000% | na | na | na | na | na | na | na | na | na | na |
| Moderate Allocation Avg | 7.4% | 10.4% | 12.0% | 10.2% | -14.7% | 13.8% | 11.5% | 18.3% | -7.5% | na | na |
| GMOD Grade (NAV) | B | na | na | na | na | na | na | na | na | na | na |
| +/- Category | 0.7% | 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: | $ 43 Mil |
| Share Class Assets: | $ 43 Mil |
| Turnover: | 8.0% |
| Expense Ratio: | 0.50% |
| 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: 2 | |||
| Longest Tenure: 0.8 years | |||
| Average Tenure: 0.8 years | |||
| Managers (Year): Thorndike John (2025), Inker Ben (2025) | |||
Portfolio Composition (as of 4/30/26)
| # of Holdings: | 22 |
| % in Top 10 Holdings: | 76.7% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 34.0% |
Portfolio Allocation |
|
| Domestic Stock: | 23.7% |
| Foreign Stock: | 34.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 40.7% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.1% |
| Cash: | 1.5% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | GMO |
| Phone Number: | 844-761-1102 |
| Website: | |
| Inception Date: | October 13, 2025 |
Expenses and Fees
| Expense Ratio (%): | 0.50% (Rating: Avg) |
| Category Average Expense Ratio (%): | 0.95% |
