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GMMA ETF — Gammaroad Market Navigation ETF
Gammaroad Market Navigation ETF (GMMA)
Updated November 6, 2026.
Verdict as of November 6, 2026 close
GMMA's distribution is rated safe by the Dividend Vision Distribution Safety Score™ (92/100, high confidence). It pays quarterly and its distribution rate is 1.29%. The latest total cash payment per current share, $0.069 with an ex-date of September 29, 2026, was 34.3% lower than the previous $0.105. It is not yet confirmed whether this is a cut to the regular payout or a one-off difference.
Sources: GammaRoad, Section 19a-1 notices, scoring methodology.
GMMA is an ETF. Its distribution rate is 1.29%, its trailing-12-month yield is 3.22%, its expense ratio is 0.75%. Dividend Vision Distribution Safety Score™ is 92/100 (Safe). Total return is 12.1% over the past 2.1 years, 21.5 points behind SPY at 33.6%.
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 dividend yield and income
Price as of 2026-11-06.
The distribution rate (1.29%) has no calculation basis on file. Trailing-12-month yield (3.22%) is the last year of cash distributions by ex-date divided by the current price. The dividend amount is $0.069. The ex-dividend date is 09/29/2026. The payment date is 09/30/2026.
| Ex-date | Amount | Change from previous payment |
|---|---|---|
| 2026-09-29 | $0.069 | -34.3% Total cash (unclassified) |
| 2026-06-29 | $0.105 | -40.3% Total cash (unclassified) |
| 2026-03-30 | $0.176 | -47.8% Total cash (unclassified) |
| 2025-12-30 | $0.337 | 167.5% Total cash (unclassified) |
| 2025-09-29 | $0.126 | -18.2% Total cash (unclassified) |
| 2025-06-27 | $0.154 | 710.5% Total cash (unclassified) |
| 2025-03-28 | $0.019 | -83.2% Total cash (unclassified) |
| 2024-12-30 | $0.113 | — |
| 2024 total (partial launch year) | $0.113 | — |
| 2025 total | $0.636 | — |
| 2026 YTD total | $0.35 | 17.1% vs prior-year YTD |
GMMA holdings and sector exposure
The top 3 holdings are 97.8% of the fund.
| Ticker | Name | Weight |
|---|---|---|
| IVV | iShares Trust - iShares Core S&P 500 ETF | 66.83% |
| BIL | SPDR® Bloomberg 1-3 Month T-Bill ETF | 30.73% |
| FGXXX | First American Funds Inc. - Government Obligations Fund | 0.25% |
To see how this fund's sectors add up across your own holdings, use True Exposure.
GMMA performance versus SPY
Total return is 12.1% over the past 2.1 years, 21.5 points behind SPY at 33.6%. Over the past year its total return — price change plus distributions reinvested — is 2.8%. Its deepest 1-year drawdown was 3.9%.
| Window | Total return | CAGR |
|---|---|---|
| 1M | -3.5% | — |
| 3M | -2.9% | — |
| 6M | 1.7% | — |
| YTD | 2.3% | — |
| 1Y | 2.8% | — |
| 2Y CAGR | — | 5.20% |
| Since 2024-09-17 (first price on file) · 2.1 years | 12.1% | 5.50% |
GMMA key facts
- Distribution Safety Score™
- 92 · Safe
- Safety-Adjusted Yield
- 1.19%
- Issuer
- GammaRoad
- Asset type
- ETF
- Asset class
- Equity
- Inception date
- 09/16/2024
- Expense ratio
- 0.75%
- Distribution rate
- 1.29%
- Distribution frequency
- Quarterly
- Trailing yield
- 3.22%
- Last close
- $21.33 (as of 2026-11-06)
- AUM
- $6,596,366
- Average volume
- 6
- Dividend
- $0.069
- Ex-dividend date
- 09/29/2026
- Payment date
- 09/30/2026
- Beta
- 0.4009
How Dividend Vision calculates yield and returns
Distribution rate (1.29%) has no calculation basis on file. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (3.22%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. 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.
Yield and safety methodology · 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 3.9%.
Who may consider GMMA — and who may not
GMMA may suit someone looking for a high Distribution Safety Score. 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.
More on GMMA
Frequently asked questions
Does GMMA pay monthly?
No. GMMA currently pays quarterly, not monthly.
What is GMMA's expense ratio?
GMMA's expense ratio is 0.75%.
What is GMMA's dividend yield?
GMMA's distribution rate is 1.29%, paid quarterly, with a 0.75% expense ratio — no calculation basis on file.
When does GMMA pay a dividend?
GMMA pays quarterly. The dividend amount is $0.069. The ex-dividend date is 09/29/2026. The payment date is 09/30/2026.
How has GMMA performed?
Total return is 12.1% over the past 2.1 years, 21.5 points behind SPY at 33.6%. Over the past year its total return — price change plus distributions reinvested — is 2.8%. Its deepest 1-year drawdown was 3.9%.
Is GMMA a good investment?
GMMA's Dividend Vision Distribution Safety Score is 92 (Safe). That is a risk signal, not investment advice. Its distribution rate is 1.29% (no calculation basis on file). Compare peers below rather than treating any single figure as a buy or sell.
More securities from GammaRoad.
Tickers
GMMA's distribution is rated safe by the Dividend Vision Distribution Safety Score™ (92/100, high confidence). It pays quarterly and its distribution rate is 1.29%. The latest total cash payment per current share, $0.069 with an ex-date of September 29, 2026, was 34.3% lower than the previous $0.105. It is not yet confirmed whether this is a cut to the regular payout or a one-off difference.
Sources: GammaRoad, Section 19a-1 notices, scoring methodology.
Holdings as-of date unavailable.
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