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DTAN

GradeCNew York Stock Exchange Arca

Sparkline International Intangible Value ETF

Active Equity · Sparkline · Inception 2024-09-09

$33.19−0.37 (−1.11%)

As of Sep 23, 2026, 2:16 PM EDT

History starts Sep 10, 2024.
Intraday session: down, 51 prints from 33.56 to 33.19. Range 33.08 to 33.37. Use the arrow keys to read each point.$33.10$33.30$33.4010 AM12 PM2 PM4 PM
Expense ratio
0.55%
Fund size
$22M
1Y return
+14.2%
Yield · Last 12 months
2.66%
Holdings
110
Volume · 30D
0M sh
NAV per share
$33.30
52W range
low $29.02high $34.40

The ETF.net DTAN Grade

C

47/ 100

Rank 10 of 18 in International Active Value

Confidence Medium

Six-pillar profile for DTAN. Scores out of 100: Cost 76, Risk 21, Mission not scored, Tradability 12, Holdings 63, Durability 36. Strongest: Cost (76). Weakest: Tradability (12). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 47 of 100 sits in the C 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.
    AScore 76
    Category rank4/18 · top 22%
  • 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 21
    Category rank15/17 · bottom quartile
  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    FScore 12
    Category rank16/18 · bottom quartile
  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    BScore 63
    Category rank8/17 · top 47%
  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    DScore 36
    Category rank15/18 · bottom quartile

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

Our read on DTAN

ETF.net Research

COld-school value screens run on book value, which shrugs at brands, patents and know-how. DTAN takes Sparkline's intangible-adjusted value model overseas, actively picking non-US stocks on an intrinsic value that tries to count the invisible assets.

Stated mandate

The Fund seeks capital appreciation. It invests at least 80% of assets plus investment borrowings in publicly listed non-U.S. equities selected against the Sub-Adviser’s proprietary intangible-augmented intrinsic-value measure.

Why people hold it

  1. 01The screen is the whole product: at least 80% of assets in non-US listed equities chosen against an intangible-augmented intrinsic-value measure, not book value alone.
  2. 020.55% for active, boutique-quant international value sits under the typical fee in its peer group and matches JPMorgan's JIVE.
  3. 03Not a one-off experiment: Sparkline runs the same intangibles model across US, US small-cap, international and emerging-market funds.sec.gov
  4. 04Lands in the upper half of the active international value ETFs we cover, and it distributes quarterly.

Worth knowing

  1. 01A small fund that trades lightly, so spreads and market-order fills can be less friendly than at the category's heavyweights.
  2. 02No index to hold it to. Outcomes ride on the sub-adviser's proprietary model, and a 2024 launch leaves a short record to study.
  3. 03Cheaper neighbors exist in the same aisle: Avantis' AVIV at 0.25% and AVDV at 0.36% take a rules-based route to international value.

DTAN Holdings

As of Sep 21, 2026, 6:34 PM
Asset class
Stocks
Holdings
110
Top-10 weight
29%
Largest holding
ROP.SW3.7%

Geography

  • Japan23.26%
  • Germany22.73%
  • United Kingdom11.15%
  • France9.72%
  • Switzerland9.39%
  • Netherlands8.17%
  • Canada3.57%
  • Israel2.36%
  • Other countries (9)9.65%

Developed 98% · Emerging 2% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 8.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001ROP.SWRoche Holding AG3.70%1,838$798K196
002SIE.DESiemens AG3.62%2,578$782K152
003NOVN.SWNovartis AG2.90%4,475$627K183
0047203.TToyota Motor Corp2.90%32,466$627K136
005SAP.DESAP SE2.88%2,952$621K163
006OR.PAL'Oreal SA2.78%1,391$601K134
0076501.THitachi Ltd2.63%16,124$568K163
008SHEL.LShell PLC2.56%11,673$553K159
009SAN.PASanofi SA2.30%5,833$496K160
0106758.TSony Group Corp2.27%20,772$490K162
011GSK.LGSK PLC2.10%18,062$454K160
012AIR.PAAIRBUS GROUP SE2.07%2,011$447K134
0130992.HKLenovo Group Ltd1.99%89,476$429K115
0146752.TPanasonic Holdings Corp1.93%15,210$416K143
0154502.TTakeda Pharmaceutical Co Ltd1.85%10,486$399K146

Showing 1–15 of 109 holdings

DTAN Performance

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

DTAN$11,419
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. DTAN $11,419. SPY $11,723. Use the arrow keys to read each point.$9,353$10,646$11,940Sep 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 DTAN. Periods over one year show the average yearly return.
PeriodDTAN
Year to date+8.9%
1 month−2.0%
3 months+6.9%
1 year+14.2%
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 DTAN
YearReturn barDTAN
2026 YTD+8.9%
2025+29.5%
2024−0.3%

History from Sep 10, 2024

DTAN in the news

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

DTAN 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.
2.66%Last 12 months
Payout per share
$0.89Last 12 months
Last payment
$0.36 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2024–2026

One bar per payment. 7 payments from 2024 to 2026 YTD. Dec 30, 2024 $0.16; Mar 28, 2025 $0.05; Jun 27, 2025 $0.01; Sep 29, 2025 $0.28; Dec 23, 2025 $0.15; Mar 30, 2026 $0.10; Jun 29, 2026 $0.36. Use the arrow keys to read each point.202420252026YTD
Ex-datePay dateAmount per share
Jun 29, 2026Jul 2, 2026$0.36
Mar 30, 2026Apr 2, 2026$0.10
Dec 23, 2025Dec 26, 2025$0.15
Sep 29, 2025Sep 30, 2025$0.28
Jun 27, 2025Jun 30, 2025$0.01
Mar 28, 2025Mar 31, 2025$0.05
Dec 30, 2024Dec 31, 2024$0.16

DTAN Risk

How much the fund’s monthly returns vary, scaled to a year.
12.8%
Annualised · 23 months to Aug 2026
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.
0.99
vs 3-month T-bills · 23 months to Aug 2026
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.
−17.6%
24 months · trough Apr 2025
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.
0.56
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.

DTAN Cost

Expense ratio0.55%
  • The middle half of International Active Value funds
  • Median 0.66%

3 of the 18 International Active Value funds charge less.

DTAN costs $55.00 a year on $10,000. The median International Active Value fund costs $65.50.