At a glance
RCGE charges 0.95% a year. It has $99.9M in assets; it paid 1.7% of its price in distributions over the past 12 months, annual. Over the past year it returned +8.3% with distributions reinvested (S&P 500: +11.5%). Its ten largest positions make up 6.1% of the fund, out of 201 in all.
The short version
RockCreek Global Equality ETF (RCGE) is an actively managed global stock fund. It picks 150 to 250 companies mainly by their gender equality scores from the research firm Equileap. Its money is spread thinly: the 10 largest holdings made up just 6.12% of assets as of July 31, 2026. It charges 0.95% a year, which is high for a stock ETF, and it launched only in February 2025.
Price history
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RCGE +8.3% over the year to Oct 27, 2026, total return with distributions reinvested.
How it has behaved
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | Since start | |
|---|---|---|---|---|---|---|
| RCGE price data to Oct 27, 2026 | +6.8% | +8.3% | — | — | — | +14.5% |
- Over the year to Oct 27, 2026, RCGE returned +8.3%.
- The deepest fall in its price history was 12.4% (Mar 6, 2025 to Apr 8, 2025), recovered by Apr 29, 2025.
Show as a table
| Year | Price data |
|---|---|
| 2026 (to date) | +6.8% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Before this security existed |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Before this security existed |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Before this security existed |
Dividends and income
No distribution history is available for this fund.
Distributions through Oct 27, 2026.What's inside
As of Jul 31, 2026, the fund held 201 securities; the ten largest made up 6.12% of assets.
| Holding | Weight | |
|---|---|---|
| HubSpot Inc | 0.69% | |
| Workiva Inc | 0.63% | |
| PayPal Holdings Inc | 0.63% | |
| Accenture PLC | 0.63% | |
| Baxter International Inc | 0.62% | |
| H&R Block Inc | 0.59% | |
| Bayer AG | 0.59% | |
| Sage Group PLC | 0.58% | |
| Thermo Fisher Scientific Inc | 0.58% | |
| Microsoft Corp | 0.58% | |
| Expedia Group Inc | 0.58% | |
| Zillow Group Inc | 0.57% | |
| Autodesk Inc | 0.57% | |
| Automatic Data Processing Inc | 0.57% | |
| Pinterest Inc | 0.57% |
By country
United States 33.45%Australia 9.83%France 9.22%United Kingdom 9.12%Norway 4.52%By asset type
Stocks 94.67%Real estate 4.9%What changed recently
- Over the three months to Jul 31, 2026, investors withdrew a net $33K (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: +1.19%, +0.72%, +4.37%.
How it works
No index is involved. Rock Creek Group, the fund's sub-adviser, picks the stocks. It starts with roughly the 3,000 largest stocks in developed markets and the 1,000 largest in emerging markets. Next it scores each company with Equileap's Gender Equality Scorecard. The scorecard looks at gender balance, the gender pay gap, and policies on parental leave and sexual harassment. Equileap can't score every company. Those it can't score may be dropped, or the sub-adviser may build its own score.
Then the sub-adviser removes companies on Norway's ethical exclusions list. That list flags firms linked to serious human rights abuses, severe environmental damage or gross corruption. It also applies screens based on the Equality Fund's gender-lens criteria. Last, it checks each company's finances, such as debt compared with earnings. The highest-scoring companies that pass these tests make the portfolio, which holds 150 to 250 stocks.
The fund sets limits. No stock can be more than 2.5% of the fund when it is bought or at a rebalance. US stocks must make up 35% to 65% of the fund. Developed Europe is capped at 50%, emerging markets at 20%, any other single country at 10% and any sector at 30%. The fund rebalances at least every quarter. Each quarter, up to 40 stocks can be replaced, usually the lowest scorers. Portfolio turnover was 53%. The fund is labeled "non-diversified," but it held 201 stocks as of July 31, 2026.
What it really costs
- RCGE charges 0.95% a year.
- Using the prospectus's standard example, $10,000 invested would cost about $97 in the first year and $1,166 over 10 years (assuming a 5% annual return).
| Cost of $10,000 (SEC example) | 1 yr | 3 yrs | 5 yrs | 10 yrs |
|---|---|---|---|---|
| RCGE | $97 | $303 | $525 | $1,166 |
In a retirement portfolio
It is a small, actively managed fund with a values-based screen, a 0.95% fee and less than two years of history, so it fits best as a smaller slice next to broader core holdings.
RCGE adds global stocks chosen by gender equality scores. As of July 31, 2026, about a third of the fund was in US companies, with large stakes in Australia, France and the UK. The fund started too late to show how it handled 2008, 2020 or 2022. Its deepest drop was 12.4%, from March 6 to April 8, 2025, and it recovered by April 29, 2025. Its one-year beta was 0.65 as of October 27, 2026, meaning it moved less than the broad market. That short record says little about a long bear market. Anyone who may need to sell in a bad year should plan for steeper losses than it has shown so far. The 1.7% yield is paid once a year, so it isn't built for steady income. In the SEC's standard example, $10,000 costs $97 in fees over one year and $1,166 over 10 years. Past results don't predict the future, and a plan should look at the whole portfolio, not one fund.
Who it may suit — and who should look elsewhere
May suit
- Investors who want stocks screened by Equileap gender equality scores and Norway's ethical exclusions list, and who accept a 0.95% annual fee for that approach.
- Those seeking global stocks: about a third in US companies as of July 31, 2026, with large stakes in Australia, France and the UK.
- Investors comfortable with about 200 small positions, none above 0.69% as of July 31, 2026, picked by an active manager and not an index.
Look elsewhere if
- Cost-focused investors: in the SEC's $10,000 example, the 0.95% fee adds up to $1,166 over 10 years.
- Retirees who need regular income: the trailing yield was 1.7%, and it is paid only once a year.
- Anyone who wants a long record: the fund launched in February 2025, missed the 2008, 2020 and 2022 selloffs, and held about $100 million.
Close alternatives
Matched by holdings overlap from the latest N-PORT reports.
No close alternatives found.
Questions investors ask
What does RCGE invest in?
RCGE holds 150 to 250 stocks worldwide, chosen mainly by gender equality scores from Equileap. As of July 31, 2026, it held 201 stocks. The largest were HubSpot, Workiva, PayPal, Accenture and Baxter, each about 0.6% to 0.7% of assets. About 33% was in US companies, with roughly 9% each in Australia, France and the UK. The prospectus says the fund also expects significant exposure to financial stocks.
What is the RCGE expense ratio?
RCGE's expense ratio is 0.95% a year, according to its prospectus filed May 20, 2026. All of it is the management fee, and there is no fee waiver. In the SEC's standard example, $10,000 earning 5% a year would cost $97 in the first year, $525 over five years and $1,166 over 10 years. That fee is much higher than many broad stock index funds charge.
Does RCGE pay dividends?
Yes, but only once a year. Over the trailing 12 months as of October 27, 2026, it paid $0.512 per share, a yield of about 1.7%. The fund's goal is long-term growth, not income. Because it pays only once a year, it isn't designed for investors who want a monthly or quarterly paycheck from their holdings.
How has RCGE performed since launch?
RCGE gained 8.3% over the year ending October 27, 2026. It was up 6.8% for 2026 through that date and up about 14.5% in total since its February 26, 2025 launch. These are price-based returns. The prospectus does not yet report standard multi-year performance. Its worst drop was 12.4%, from March 6 to April 8, 2025, and it recovered by April 29, 2025.
Is RCGE a diversified fund?
Legally, no. RCGE is classified as "non-diversified," which lets it hold larger stakes in single companies. That can make it more sensitive to news about any one holding. In practice, it was widely spread as of July 31, 2026. It held 201 stocks, and its top 10 holdings made up just 6.12% of assets. Its rules also cap each stock at 2.5% when bought or rebalanced, and each sector at 30%.