TUTT charges 1.34% per year. [A New ETF Emphasizes Diversification]
Another new addition to the ETF of ETFs fray is the actively managed Cambria Global Asset Allocation ETF (NYSEArca: GAA), the first ETF to come to market free of an expense ratio.
GAA investors pay total fund operating expenses of 0.29%, which works out to be the average expense ratio on the 29 ETFs held by the new Cambria fund. The ETF offers exposure to multiple asset classes including U.S. and international stocks, bonds and real estate.
Familiar ETFs currently held by GAA include the iShares MSCI USA Momentum Factor ETF (NYSEArca: MTUM), Vanguard Mid-Cap ETF (NYSEArca: VO) and the Vanguard Total Stock Market ETF (NYSEArca: VTI). [Free Ride ETF Delivers]
First Trust Dorsey Wright Focus 5 ETF