ETF Evaluator:
Warren Street Global Equity ETF ()
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(as of Aug 25)
Best Performing in Global Large-Stock Blend Over the Last Year
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| 29.8% | First Eagle Global Equity ETF (FEGE) |
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Risk
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ETF Details
Warren Street Global Equity ETF Overview
Warren Street Global Equity ETF (WSGE) is an actively managed International Equity Global Large-Stock Blend exchange-traded fund (ETF). Warren Street Wealth Advisors launched the ETF in 2025.
The investment seeks to achieve long term capital appreciation.
The fund is an actively managed exchange-traded fund (“ETF”) that seeks to achieve its investment objective by investing in equity securities selected by Warren Street Wealth Advisors, LLC (the “Sub-Adviser”) that provide exposure to companies of all sizes located around the world. Under normal circumstances, at least 80% of the fund’s net assets (plus the amount of any borrowings for investment purposes) will be invested in equity securities. It is non-diversified.
About Warren Street Global Equity ETF (WSGE)
There are 2 members of the management team with an average tenure of 0.64 years: Blake Street (2025) and Phillip Law (2025). Management tenure is more important for actively managed ETFs than passive index ETFs.
Warren Street Global Equity ETF has 137 securities in its portfolio. The top 10 holdings constitute 66.2% 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.
Warren Street Global Equity ETF is part of the Equity global asset class and is within the International Equity ETF group. Warren Street Global Equity ETF has 39.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 60.0% There is 39.0% 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). Warren Street Global Equity ETF has 0.9% of the portfolio in cash.
Assets Under Management
The fund has $60 million in total assets, which is below the $2 billion average for the Global Large-Stock 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.
WSGE 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 Warren Street Global Equity ETF expense ratio is high compared to funds in the Global Large-Stock Blend category. Warren Street Global Equity ETF has an expense ratio of 0.80%, which is 63% 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. Warren Street Global Equity 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 50% for the Global Large-Stock Blend category.
Recently, in the month of July 2026, Warren Street Global Equity ETF returned -0.5%, which earned it a grade of D, as the Global Large-Stock Blend 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.
Warren Street Global Equity ETF has a trailing yield of 0.00%, which is below the 1.66% 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.
Warren Street Global Equity ETF Grades
Year to date, the ETF has returned 11.9%, 2.7 percentage points better than the category, which translates into a grade of B.
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WSGE 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 |
|
| WSGE Return (NAV) | -0.5% | 3.9% | na | na | na | na |
| WSGE Return (Price) | -1.9% | 1.8% | na | na | na | na |
| NAV +/- Price Return | 1.348% | 2.153% | na | na | na | na |
| Global Large-Stock Blend Avg | 0.0% | 3.1% | 19.1% | 15.1% | 8.5% | 11.5% |
| WSGE Grade (NAV) | D | C | na | na | na | na |
| +/- Category (NAV) | -0.5% | 0.9% | na | na | na | na |
| WSGE Tax-Cost Ratio | na | na | na | na | na | na |
WSGE Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| WSGE Return (NAV) | 11.9% | na | na | na | na | na | na | na | na | na | na |
| WSGE Return (Price) | 8.9% | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | -0.249% | na | na | na | na | na | na | na | na | na | na |
| Global Large-Stock Blend Avg | 9.2% | 20.4% | 13.8% | 18.7% | -17.7% | 17.3% | 18.3% | 26.8% | -9.1% | 23.4% | 8.1% |
| WSGE Grade (NAV) | B | na | na | na | na | na | na | na | na | na | na |
| +/- Category | 2.7% | 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: | $ 61 Mil |
| Share Class Assets: | $ 61 Mil |
| Turnover: | na |
| Expense Ratio: | 0.80% |
| 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: 0.6 years | |||
| Average Tenure: 0.6 years | |||
| Managers (Year): Street Blake (2025), Law Phillip (2025) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 137 |
| % in Top 10 Holdings: | 66.2% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 39.0% |
Portfolio Allocation |
|
| Domestic Stock: | 60.0% |
| Foreign Stock: | 39.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.1% |
| Cash: | 0.9% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Warren Street Wealth Advisors |
| Phone Number: | 215-330-4476 |
| Website: | www.valueshares.com |
| Inception Date: | December 8, 2025 |
Expenses and Fees
| Expense Ratio (%): | 0.80% (Rating: High) |
| Category Average Expense Ratio (%): | 0.49% |
