Brookstone Growth Stock ETF

Brookstone Growth Stock ETF (BAMG) is an actively managed fund that holds about 100 U.S. growth stocks chosen by its adviser, led by Broadcom, Micron Technology, Alphabet and Amazon as of May 31, 2026. Its main difference from similar funds is cost: it charges 0.83% of assets a year, against 0.04% for SPDR Portfolio S&P 500 Growth ETF (SPYG). From its September 2023 launch through December 31, 2025, it trailed the S&P 500 Growth Index.

• Over the year to Oct 27, 2026, BAMG returned +12.5%, 2nd of 9 among similar funds.
• Its worst full calendar year was 2025 (+17.0%); its best was 2024 (+24.0%).
• The deepest fall in its price history was 21% (Feb 19, 2025 to Apr 8, 2025), recovered by Jun 27, 2025.

As of May 31, 2026, the fund held 100 securities; the ten largest made up 40.82% of assets.

By sector

• Over the three months to May 31, 2026, investors withdrew a net $1.8M (creations minus redemptions, per the N-PORT report).
• Monthly total returns reported for that quarter: -6.04%, +11.33%, +8.36%.

BAMG does not track an index. Its adviser picks companies it believes have strong earnings growth potential over the next several years. At least 80% of net assets go into U.S. stocks, including ADRs (bank-issued certificates for shares of foreign companies that trade in the U.S.). The adviser screens small, mid-size and large companies worth at least $1 billion. It weighs current and expected growth, company reputation, relevance to investors and third-party financial ratings. The goal is a mix of high-quality growth stocks that are reasonably priced.

The prospectus sets no weighting formula or rebalancing schedule. The adviser may sell a stock that is no longer reasonably priced or has performed poorly. Portfolio turnover was 64%, meaning trades worth roughly two-thirds of the portfolio in a year. That trading adds costs not included in the expense ratio. Because some sectors hold more growth stocks, the fund can lean into them. As of May 31, 2026, technology was 39.6% of assets, and the 10 largest of its 100 stocks held 40.8%.

Shares trade on the Cboe BZX Exchange at market prices. Those prices can differ from the value of the fund's holdings (its net asset value, or NAV). Only large firms called authorized participants can redeem shares directly with the fund.

• BAMG charges 0.83% a year, versus an average of 0.13% for the similar funds below (9th of 9, cheapest first).
• Of that, 0.65% is the management fee; the rest covers other fund expenses.
• Using the prospectus's standard example, $10,000 invested would cost about $85 in the first year and $1,025 over 10 years (assuming a 5% annual return).

A tech-heavy, actively managed growth fund with a 0.83% fee and a short history fits better as a smaller add-on than as a portfolio's foundation.

BAMG adds concentrated exposure to large U.S. growth companies such as Broadcom, Nvidia and Eli Lilly. It launched in September 2023, so it has no record in the 2008 financial crisis, the 2020 COVID crash or the 2022 bear market. Both of its full calendar years were gains: 23.8% in 2024 and 17.4% in 2025. Its deepest drop was about 21%, from February 19 to April 8, 2025. It recovered by June 27, 2025, about 2.6 months later. Anyone forced to sell during a slide like that would lock in losses.

It produces almost no income. The trailing 12-month yield was 0.01% as of October 27, 2026, paid once a year. Costs are high for the category: in the SEC's standard example, expenses on $10,000 come to $1,025 over 10 years. Past results don't predict the future, and a plan should look at the whole portfolio, not one fund.

Matched by holdings overlap from the latest N-PORT reports.