ETF Evaluator:
Myriad Dynamic Asset Allocation ETF ()
Follow This ETF
(as of Aug 19)
Best Performing in Long-Short Equity Over the Last Year
| 42.4% | Convergence Long/Short Equity ETF (CLSE) |
| 29.1% | Militia Long/Short Equity ETF (ORR) |
| 28.5% | Unlimited HFEQ Equity Long/Short ETF (HFEQ) |
| 25.5% | Harbor Long-Short Equity ETF (LSEQ) |
| 16.2% | Efficient Market Portfolio Plus ETF (EMPB) |
Risk
Index
Risk
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ETF Details
Myriad Dynamic Asset Allocation ETF Overview
Myriad Dynamic Asset Allocation ETF (MDAA) is an actively managed Nontraditional Equity Long-Short Equity exchange-traded fund (ETF). Myriad Asset Management Advisors LLC launched the ETF in 2025.
The investment seeks to outperform the Bloomberg World EQ:FI 60:40 Index (a benchmark of 60% equities and 40% fixed income) over the long term, with a secondary objective of capital preservation. fixeed incomee.
About Myriad Dynamic Asset Allocation ETF (MDAA)
There are 1 members of the management team with an average tenure of 0.83 years: Carl Huttenlocher (2025). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 1 primary benchmark: Bloomberg World EQ:FI 60:40 TR USD index with a weighting of 100%. Myriad Dynamic Asset Allocation ETF has 70 securities in its portfolio. The top 10 holdings constitute 59.8% 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.
Myriad Dynamic Asset Allocation ETF is part of the Equity global asset class and is within the Nontraditional Equity ETF group. Myriad Dynamic Asset Allocation ETF has 35.5% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 62.9% There is 35.5% 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). Myriad Dynamic Asset Allocation ETF has 0.4% of the portfolio in cash.
Assets Under Management
The fund has $439 million in total assets, which is above the $320 million average for the Long-Short Equity 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.
MDAA 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 Myriad Dynamic Asset Allocation ETF expense ratio is high compared to funds in the Long-Short Equity category. Myriad Dynamic Asset Allocation ETF has an expense ratio of 0.97%, which is 47% 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. Myriad Dynamic Asset Allocation 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 157% for the Long-Short Equity category.
Recently, in the month of July 2026, Myriad Dynamic Asset Allocation ETF returned -3.2%, which earned it a grade of D, as the Long-Short Equity category had an average return of -0.0%. 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.
Myriad Dynamic Asset Allocation ETF has a trailing yield of 0.00%, which is below the 1.17% 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.
Myriad Dynamic Asset Allocation ETF Grades
Year to date, the ETF has returned 14.2%, 5.9 percentage points better than the category, which translates into a grade of A.
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MDAA 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 |
|
| MDAA Return (NAV) | -3.2% | 0.2% | na | na | na | na |
| MDAA Return (Price) | -3.8% | 3.6% | na | na | na | na |
| NAV +/- Price Return | 0.583% | -3.380% | na | na | na | na |
| Long-Short Equity Avg | -0.0% | 3.1% | 14.5% | 14.1% | 7.8% | 12.2% |
| MDAA Grade (NAV) | D | D | na | na | na | na |
| +/- Category (NAV) | -3.1% | -2.9% | na | na | na | na |
| MDAA Tax-Cost Ratio | na | na | na | na | na | na |
MDAA Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| MDAA Return (NAV) | 14.2% | na | na | na | na | na | na | na | na | na | na |
| MDAA Return (Price) | 12.9% | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | -0.092% | na | na | na | na | na | na | na | na | na | na |
| Long-Short Equity Avg | 8.3% | 8.4% | 17.1% | 13.7% | -9.2% | 8.7% | 28.9% | 15.9% | 0.1% | 15.9% | 9.6% |
| MDAA Grade (NAV) | A | na | na | na | na | na | na | na | na | na | na |
| +/- Category | 5.9% | 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: | $ 439 Mil |
| Share Class Assets: | $ 439 Mil |
| Turnover: | na |
| Expense Ratio: | 0.97% |
| Index Fund: | No |
| Index Tracked: | Bloomberg World EQ:FI 60:40 TR USD |
| 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: 0.8 years | |||
| Average Tenure: 0.8 years | |||
| Managers (Year): Huttenlocher Carl (2025) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 70 |
| % in Top 10 Holdings: | 59.8% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 35.5% |
Portfolio Allocation |
|
| Domestic Stock: | 62.9% |
| Foreign Stock: | 35.5% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 1.1% |
| Cash: | 0.4% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Myriad Asset Management Advisors LLC |
| Phone Number: | 800-617-0004 |
| Website: | |
| Inception Date: | October 2, 2025 |
Expenses and Fees
| Expense Ratio (%): | 0.97% (Rating: High) |
| Category Average Expense Ratio (%): | 1.83% |
