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Launched · SEC filings

Dana Limited Volatility ETF

DANANYSE ArcaC

$24.98+0.03 (+0.12%)

As of Oct 13, 2026, 3:53 PM

C41/ 100

Rank 10 of 10 in Core Securitized Bond

C41/100Rank 10 of 10inCore Securitized Bond
Intraday session: up, 8 prints from 24.95 to 24.98. Range 24.86 to 25.05. Use the arrow keys to read each point.24.8524.9025.0510 AM12 PM2 PM4 PM
Expense ratio
0.35%
Fund size
$16M
1Y total return
—
Yield · Last 12 months
Data unavailable
Holdings
91
Avg volume · 30D
0M sh
NAV per share
$24.97
52W range
low $24.85high $25.60
Launched
Filings
SEC EDGAR

The ETF.net DANA Grade

C

Score 41 out of 100

Category
Core Securitized Bond⁠
Rank
10 of 10
Six-pillar profile for DANA. Scores out of 100: Cost 68, Risk 79, Mission 0, Tradability 23, Holdings 46, Durability 24. Strongest: Risk (79). Weakest: Mission (0). Leans toward Risk.

Score 41 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    B68 out of 100
    Rank 3 of 10

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    F0 out of 100
    Rank 10 of 10

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    A79 out of 100
    Rank 2 of 10

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    F23 out of 100
    Rank 9 of 10

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C46 out of 100
    Rank 5 of 10

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    F24 out of 100
    Rank 10 of 10

Our read on DANA

ETF.net Research

CDana targets portfolio duration of 0.60 to 2.50 years and an average credit quality of AA-/Aa3, then pays monthly. Grouped with the core bond crowd, it is built more like a short-duration parking spot than a core holding.

Stated mandate

The Fund seeks to preserve capital and provide current income. It is actively managed and primarily invests in high-quality, cash-flow-producing fixed-income securities, focusing on U.S. government securities and investment-grade corporate bonds.

Why people hold it

  1. 01The mandate is written down, not implied: a 0.60 to 2.50 year duration target and an AA-/Aa3 average credit quality target, straight from the prospectus.sec.gov
  2. 02Active management at 0.35%, essentially the middle of the pack for its bond cohort, where most rivals simply hold the index.
  3. 03Monthly income is the stated policy, and the portfolio can hold floating and adjustable-rate paper to soften interest-rate sensitivity.sec.gov
  4. 04It is the ETF version of Dana's Limited Volatility bond strategy, run by a Wisconsin shop that has been managing money since 1980.danainvestment.comfinance.yahoo.com

Worth knowing

  1. 01You pay 0.35% here while the cohort's index giants (BND, SPAB, SCHZ) charge 0.03%. The gap buys active short-duration management, not broad market beta.
  2. 02Small and thinly traded since its December 2025 launch, so spreads matter more than with the household-name bond funds.
  3. 03Short duration means less rate sensitivity than a core aggregate fund, and a different ride from the intermediate-term bonds it gets screened against.sec.gov

DANA Holdings

As of Oct 12, 2026
Asset class
Bonds
Holdings
91
Top-10 weight
27%
Largest holding
Fannie Mae Pool 3.22% 07/01/20533.2%
The fund’s holdings, weight-ordered — page 1 of 7.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—Fannie Mae Pool 3.22% 07/01/20533.21%484,250$501K1
002—Fannie Mae Pool 3.178% 01/01/20543.17%491,564$494K1
003—Small Business Administration Pools 5.5% 01/25/20412.85%431,933$445K1
004—Freddie Mac Non Gold Pool 2.097% 06/01/20522.83%462,613$441K3
005—Fannie Mae Pool 6.16% 09/01/20402.56%382,180$399K1
006—Federal National Mortgage Association 4.625% 08/24/20292.54%400,000$396K1
007—Fannie Mae Pool 2.931% 07/01/20532.43%375,414$379K1
008—Fannie Mae Pool 2.747% 02/01/20532.40%367,266$375K1
009—Fannie Mae Pool 6.159% 07/01/20392.40%361,799$375K1
010—Federal Home Loan Banks 4.45% 06/15/20292.37%375,000$370K1
011—Fannie Mae Pool 3.183% 01/01/20542.36%374,710$369K1
012—Fannie Mae Pool 3.643% 07/01/20502.34%353,804$365K1
013—Small Business Administration Pools 5.75% 04/25/20362.30%342,624$358K2
014—Fannie Mae Pool 5.43% 01/01/20512.29%344,356$358K1
015—Cash & Other2.22%346,439$346K672

Showing 1–15 of 91 holdings

DANA Performance

Launched Dec 2, 2025

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.
DANA$10,099
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,500
Dec 31, 2025 to Oct 12, 2026. DANA $10,099. SPY $11,500. Use the arrow keys to read each point.$9,116$10,404$11,692Dec 2025May 2026Oct 2026

Dec 31, 2025 – Oct 12, 2026

Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for DANA. Periods over one year show the average yearly return.
PeriodDANA
Year to date+1.0%
1 month+0.2%
3 months+0.5%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years oldper year—
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper year—

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for DANA
YearReturn barDANA
2026 YTD+1.0%
2025+0.8%

History from Dec 3, 2025

DANA in the news

Filtered to DANA · Core Securitized Bond

DANA Dividends

Last payment
$0.07 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution data unavailable.

Distribution history

2025–2026

One bar per payment. 10 payments from 2025 to 2026 YTD. Dec 30, 2025 $0.07; Jan 29, 2026 $0.07; Feb 26, 2026 $0.04; Mar 30, 2026 $0.06; Apr 29, 2026 $0.07; May 28, 2026 $0.06; Jun 29, 2026 $0.09; Jul 28, 2026 $0.07; Aug 27, 2026 $0.06; Sep 29, 2026 $0.07. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Sep 29, 2026Sep 30, 2026$0.07
Aug 27, 2026Aug 28, 2026$0.06
Jul 28, 2026Jul 29, 2026$0.07
Jun 29, 2026Jun 30, 2026$0.09
May 28, 2026May 29, 2026$0.06
Apr 29, 2026Apr 30, 2026$0.07
Mar 30, 2026Mar 31, 2026$0.06
Feb 26, 2026Feb 27, 2026$0.04
Jan 29, 2026Jan 30, 2026$0.07
Dec 30, 2025Dec 31, 2025$0.07

DANA Risk

How much the fund’s monthly returns vary, scaled to a year.
—
Launched Dec 2025; fills in after 12 months
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
—
Launched Dec 2025; fills in after 12 months
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
—
Launched Dec 2025; fills in after 12 months
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.04
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

DANA Cost

Expense ratio0.35%
  • The middle half of Core Securitized Bond funds
  • Median 0.40%

2 of the 10 Core Securitized Bond funds charge less.

DANA costs $35.00 a year on $10,000. The median Core Securitized Bond fund costs $39.50.

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