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DIVE

GradeDNew York Stock Exchange Arca

Dana Concentrated Dividend ETF

Active Equity · Dana · Inception 2025-09-15

$27.44+0.01 (+0.05%)

As of Sep 23, 2026, 10:15 AM EDT

History starts Sep 16, 2025.
Intraday session: up, 3 prints from 27.43 to 27.44. Range 27.44 to 27.44. Use the arrow keys to read each point.$26.50$27.00$28.0010 AM12 PM2 PM4 PM
Expense ratio
0.65%
Fund size
$47M
1Y return
+10.1%
Yield · Last 12 months
Data unavailable
Volume · 30D
0M sh
NAV per share
$27.23
52W range
low $23.62high $28.43

The ETF.net DIVE Grade

D

29/ 100

Rank 35 of 40 in US Active Dividend Income⁠

Confidence Medium

Six-pillar profile for DIVE. Scores out of 100: Cost 33, Risk 17, Mission not scored, Tradability 23, Holdings 34, Durability 49. Strongest: Durability (49). Weakest: Risk (17). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 29 of 100 sits in the D band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    DScore 33
    Category rank25/40 · mid-pack

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    FScore 17
    Category rank37/37 · bottom quartile

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    FScore 23
    Category rank34/40 · bottom quartile

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    DScore 34
    Category rank35/40 · bottom quartile

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    CScore 49
    Category rank24/40 · mid-pack

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on DIVE

ETF.net Research

DMost dividend funds spread their bets over hundreds of names. DIVE goes the other way: an actively picked book of roughly 25 to 35 dividend payers, chasing growth and income at once. It launched in September 2025, so the track record starts here.

Stated mandate

The Fund seeks long-term capital appreciation and income through an actively managed portfolio of approximately 25 to 35 primarily dividend-paying equity securities.

Why people hold it

  1. 01Real concentration, by design: the prospectus targets roughly 25 to 35 primarily dividend-paying stocks, so a single good pick still moves the needle.
  2. 02The mandate is two-sided, long-term capital appreciation plus income, not a yield chase with the growth engine bolted shut.
  3. 03The manager can shop outside the US as well as at home, so a dividend payer in Europe or Asia is fair game.
  4. 04Simple plumbing: a standard 1940 Act ETF holding stocks. No derivatives overlay, no K-1 at tax time.

Worth knowing

  1. 01At 0.65%, the fee sits above the 0.55% median for active dividend funds and well above cheaper rivals like CGDV (0.33%) and HIDV (0.35%).
  2. 02A 2025 launch with no multi-year record, and on the measures we track it currently sits in the lower reaches of a crowded peer group.
  3. 03Small asset base and thin trading, which usually means wider bid-ask spreads than the category's household names.

DIVE Holdings

As of Sep 20, 2026, 9:24 AM
Asset class
Stocks
Holdings
—
Top-10 weight
46%
Largest holding
PM6.4%

Geography

  • United States97.20%
  • Ireland2.80%
The fund’s holdings, weight-ordered — page 1 of 3.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001PMPhilip Morris International Inc6.43%15,885$3M412
002IQVIQVIA Holdings Inc5.68%9,929$3M290
003AMZNAmazon.com Inc4.78%8,966$2M720
004ANTMELEVANCE HEALTH INC4.58%5,211$2M201
005KDPKeurig Dr Pepper Inc4.55%68,198$2M319
006METAMeta Platforms Inc4.33%2,991$2M683
007QSRRestaurant Brands International Inc4.28%27,697$2M37
008COFCapital One Financial Corp4.24%9,880$2M350
009CRMSalesforce Inc3.76%7,296$2M457
010GPCGenuine Parts Co3.60%12,962$2M251
011ABBVAbbVie Inc3.52%6,283$2M511
012WFCWells Fargo & Co3.29%17,806$2M380
013DGDollar General Corp3.24%12,216$2M316
014SLBSLB Ltd2.95%26,701$1M233
015USBUS Bancorp2.82%22,060$1M369

Showing 1–15 of 36 holdings

DIVE Performance

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

DIVE$11,015
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. DIVE $11,015. SPY $11,723. Use the arrow keys to read each point.$9,308$10,626$11,943Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 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 DIVE. Periods over one year show the average yearly return.
PeriodDIVE
Year to date+8.2%
1 month−1.9%
3 months+9.2%
1 year+10.1%
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per 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 DIVE
YearReturn barDIVE
2026 YTD+8.2%
2025+2.2%

History from Sep 16, 2025

DIVE in the news

ETF.net Research hasn’t filed on DIVE yet — coverage lands here as it’s written.

DIVE Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
Data unavailableLast 12 months
Payout per share
Data unavailableLast 12 months
Last payment
$0.03 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution data unavailable.

Distribution history

2025–2026

One bar per payment. 3 payments from 2025 to 2026 YTD. Dec 30, 2025 $0.17; Mar 30, 2026 $0.08; Jun 29, 2026 $0.03. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Jun 29, 2026Jun 30, 2026$0.03
Mar 30, 2026Mar 31, 2026$0.08
Dec 30, 2025Dec 31, 2025$0.17

DIVE Risk

How much the fund’s monthly returns vary, scaled to a year.
—
No data available
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.
—
No data available
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.
−11.5%
12 months · trough Mar 2026
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.
0.63
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.

DIVE Cost

Expense ratio0.65%
  • The middle half of US Active Dividend Income funds
  • Median 0.51%

24 of the 40 US Active Dividend Income funds charge less.

DIVE costs $65.00 a year on $10,000. The median US Active Dividend Income fund costs $51.00.