GMMA ETF — Gammaroad Market Navigation ETF

Gammaroad Market Navigation ETF (GMMA)

GMMA is an ETF. its distribution rate is 1.90%, its trailing-12-month yield is 3.36%, its expense ratio is 0.75%. Dividend Vision Distribution Safety Score™ is 50/100 (Unproven). Total return is 14.6% over the past 2 years, 24.2 points behind SPY at 38.8%.

At the current 1.90% distribution rate, a $10,000 investment would generate approximately $190 per year, or about $47.50 per quarter if the next payment matches the last regular one.

Gammaroad Market Navigation ETF is an actively-managed fund that seeks capital appreciation by rotating exposure between large-cap U.S. equities and U.S. Treasury Bills through a systematic strategy. The fund distributes quarterly at a modest current distribution rate and carries an expense ratio of 0.75%. It appeals to investors seeking tactical allocation between equities and cash equivalents rather than traditional buy-and-hold strategies.

GMMA performance versus SPY

Price and return data through 2026-09-18.

Total return is 14.6% over the past 2 years, 24.2 points behind SPY at 38.8%. Over the past year its total return — price change plus distributions reinvested — is 6.5%. Its deepest 1-year drawdown was 3.4%.

GMMA key facts

Distribution Safety Score™

50 · Unproven

Issuer

GammaRoad

Asset type

ETF

Asset class

Equity

Inception date

09/16/2024

Expense ratio

0.75%

Distribution rate

1.90%

Distribution frequency

Quarterly

Trailing yield

3.36%

Last close

$22.12 (as of 2026-09-21)

NAV

$21.89

Premium / discount

1.05% premium

AUM

$6,550,217

Average volume

111.0

Last dividend

$0.105

Last ex-dividend date

06/29/2026 (as of 2026-06-29)

Last payment date

06/30/2026 (as of 2026-06-30)

Beta

0.4009

P/E ratio

24.6243

How Dividend Vision calculates yield and returns

Distribution rate (1.90%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (3.36%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: GammaRoad; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

GMMA risks and drawbacks

GMMA's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are quarterly, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 3.4%.

Who may consider GMMA — and who may not

It is a weaker fit for investors who need monthly cash flow (GMMA pays quarterly); investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

Frequently asked questions

More securities from GammaRoad.