Elm Market Navigator ETF Surpasses $500 Million in Assets
Elm Wealth has announced that its Elm Market Navigator ETF (NYSE ARCA: ELM) has exceeded $500 million in assets under management. This milestone was achieved in less than nine months since the ETF’s launch in February 2025. The fund aims to provide a cost-effective, transparent, and rules-based dynamic allocation strategy accessible to all investors.
Fund’s Unique Positioning in the Market
The Elm Market Navigator ETF addresses a notable gap in the investment landscape, bridging the divide between rigid target-date/static balanced products and higher-fee discretionary allocation funds. With a 0.24% net expense ratio (0.26% gross, including a 2 basis points waiver), the fund publishes its allocation rules and rebalances weekly. This systematic approach utilizes valuation and momentum signals across both global equities and fixed income markets.
Victor Haghani, founder of Elm Wealth and Chief Investment Officer, emphasized the importance of this innovation. “For decades, investors have been forced to choose between rigid static allocations or expensive, black-box active management,” he stated. “ELM is the first fund to offer true dynamic allocation with complete transparency and institutional-level low fees. Crossing $500 million validates that advisors and investors have been waiting for this solution.”
Performance and Strategy
In 2025, the ETF’s model has leaned towards international developed and emerging equities when market signals indicated favorable conditions. Elm Wealth claims this strategy has contributed positively to performance during a year when non-U.S. markets have outperformed the U.S. market.
James White, CEO of Elm Wealth, clarified the fund’s strategy: “This isn’t market timing or subjective market calls—it’s disciplined, systematic allocation responding to observable market data. When our methodology signals that global equities offer better risk-adjusted return potential, the fund allocates accordingly. That’s exactly how dynamic allocation should work.”
The ETF operates on a baseline allocation of 75% global equities and 25% fixed income, adjusting its allocations weekly based on expected returns relative to TIPS and current momentum as indicators of risk. This methodology extends a strategy that Elm Wealth first introduced privately in 2011 for high-net-worth clients, now made available through major brokerage platforms such as Charles Schwab, Fidelity, Interactive Brokers, and Robinhood.
Elm Wealth advocates that its transparent rules and lower costs can deliver a more flexible allocation than traditional target-date glide paths while avoiding the opacity and higher fees typically associated with conventional active allocation funds. This approach reflects a growing trend among investors seeking clarity and value in their investment choices.
