Gadsden is an institutional asset management firm with an investment framework designed to combine the advice and best practices of some of the world’s most successful investors. We assembled this knowledge over decades of working with leading endowments, foundations, academics, family offices, and institutions.

Our mission is to offer our clients access to the insights, techniques, and solutions historically reserved for only the largest investors.

Gadsden Dynamic Multi-Asset ETF [GDMA]

A globally diversified asset allocation strategy designed to perform consistently across all stages of the business cycle by counterbalancing the economic seasonal sensitivities within each asset class. The strategy combines multi-asset balance with tactical growth opportunities. The Gadsden Dynamic Multi-Asset ETF seeks total return.

Net Assets as of 09/22/2021 $116.7m
NAV $31.20
Shares Outstanding 3,740,000
Premium/discount Percentage -0.59%
Closing Price $31.02
Median 30 Day Spread 0.25%

Data as of 09/22/2021

Median 30 Day Spread is a calculation of Fund’s median bid-ask spread, expressed as a percentage rounded to the nearest hundredth, computed by: identifying the Fund’s national best bid and national best offer as of the end of each 10 second interval during each trading day of the last 30 calendar days; dividing the difference between each such bid and offer by the midpoint of the national best bid and national best offer; and identifying the median of those values.

PERFORMANCE Quarter end returns as of 06/30/2021
  3 MO. 1 YR. 3 YR. Since Inception
Closing Price 2.76 22.97 X.XX% 12.17
Fund NAV 2.79 23.41 X.XX% 12.11
BofA ML 0-3 Month US Treasury Bill Index 0.00 0.08 X.XX% 1.17
60% Dow Jones Global Index TR and 40% ICE BofAML 3-Month Treasury Bill Index 4.28 22.89 X.XX% 11.75

The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. Performance current to the most recent month-end can be obtained by calling (484-580-2277). Periods less than one year are not annualized. it is not possible to invest directly in an Index. 

Short term performance, in particular, is not a good indication Of the fund's future performance, and an investment should not be made based solely on returns.

Market Price: The current price at which shares are bought and sold.  Market returns are based upon the last trade price.

NAV: The dollar value of a single share, based on the value of the underlying assets of the fund minus its liabilities, divided by the number of shares outstanding. Calculated at the end of each business day.

The Dow Jones Global Index measures the performance of stocks that trade globally, targeting 95% coverage of markets open to foreign investment. It is float market cap weighted. It is quoted and calculated in U.S. Dollars. The BofA Merrill Lynch U.S. T-Bill 0-3 Month Index tracks the performance of the U.S. dollar denominated U.S. Treasury Bills publicly issued in the U.S. domestic market with a remaining term to final maturity of less than 3 months.

EX- Date Record Date Payable Date Amount
12/28/2018 12/31/2018 1/2/2019 $0.15219429/sh
3/12/2019 3/13/2019 3/14/2019 $0.07103811/sh
6/24/2019 6/25/2019 6/26/2019 $0.16134001/sh
9/17/2019 9/18/2019 9/19/2019 $0.04583378/sh
12/23/2019 12/24/2019 12/26/2019 $0.21660053/sh
3/24/2020 3/25/2020 3/26/2020 $0.03235058/sh
6/23/2020 6/24/2020 6/25/2020 $0.03185881/sh
9/22/2020 9/23/2020 9/24/2020 $0.00299312/sh
12/30/2020 12/31/2020 01/05/2020 $0.12731898/sh
3/15/2021 3/16/2021 3/22/2021 $0.00608886/sh
TOP 10 HOLDINGS Download Full Holdings
Percentage Of Net Assets Name Ticker CUSIP Shares Held Market Value
15.98% VANGUARD MALVERN FDS STRM INFPROIDX VTIP 922020805 358,329 18,823,022.37
15.05% PROSHARES TR SHRT 20+YR TRE TBF 74347X849 1,092,861 17,726,205.42
7.50% PIMCO ETF TR 1-5 US TIP IDX STPZ 72201R205 161,183 8,829,604.74
5.40% SPDR SER TR S&P METALS MNG XME 78464A755 152,930 6,364,946.60
4.47% UNITED STS COMMODITY INDEX FD CM REP COPP FD CPER 911718104 203,737 5,266,601.45
4.01% MICROSOFT CORP MSFT 594918104 15,763 4,721,964.28
3.99% ALPHABET INC GOOGL 02079K305 1,663 4,696,844.16
3.94% AMAZON COM INC AMZN 023135106 1,360 4,645,760.00
3.77% FACEBOOK INC FB 30303M102 12,829 4,438,320.84
3.04% INVESCO DB MULTI-SECTOR COMMOD BASE METALS FD DBB 46140H700 168,147 3,579,849.63
Data as of 09/24/2021. Holdings are subject to change.



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Wayne, PA 19087

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