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Launched

Sparkline International Intangible Value ETF

DTANNYSE ArcaSparklineC

$34.14+0.16 (+0.47%)

As of Nov 2, 2026, 3:57 PM ET

C51/ 100

Rank 8 of 18 in International Active Value

C51/100Rank 8 of 18inInternational Active Value
Intraday session: up, 79 prints from 33.98 to 34.14. Range 34.14 to 35.06. Use the arrow keys to read each point.34.4034.6034.8035.0010 AM12 PM2 PM4 PM
Expense ratio
0.55%
Fund size
$22M
1Y total return
+14.5%
Yield · Last 12 months
1.89%
Holdings
115
Avg volume · 30D
1.09K sh
52W range
low $29.02high $34.40
Launched

The ETF.net DTAN Grade

Based on 5 of 6 pillars

C

Score 51 out of 100

Category
International Active Value⁠
Rank
8 of 18
Six-pillar profile for DTAN. Scores out of 100: Cost 71, Risk 29, Mission not scored, Tradability 28, Holdings 65, Durability 40. Strongest: Cost (71). Weakest: Tradability (28). Based on 5 of 6 pillars.

Score 51 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.
    A71 out of 100
    Rank 5 of 18

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D29 out of 100
    Rank 15 of 18

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D28 out of 100
    Rank 16 of 18

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B65 out of 100
    Rank 7 of 17

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C40 out of 100
    Rank 13 of 18

Our read on DTAN

ETF.net Research

In short

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

  • The 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.
  • 0.55% for active, boutique-quant international value sits under the typical fee in its peer group and matches JPMorgan's JIVE.
  • Not a one-off experiment: Sparkline runs the same intangibles model across US, US small-cap, international and emerging-market funds.sec.gov
  • Lands in the upper half of the active international value ETFs we cover, and it distributes quarterly.

Worth knowing

  • A small fund that trades lightly, so spreads and market-order fills can be less friendly than at the category's heavyweights.
  • No index to hold it to. Outcomes ride on the sub-adviser's proprietary model, and a 2024 launch leaves a short record to study.
  • Cheaper 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 Performance

Launched Sep 9, 2024

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.
DTAN$11,447
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. DTAN $11,447. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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+10.4%
1 month+4.6%
3 months+2.8%
1 year+14.5%
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

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+10.4%
2025+29.5%
2024−0.3%

History from Sep 10, 2024

DTAN in the news

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 Oct 30, 2026.
1.89%Last 12 months
Payout per share
$0.64Last 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 history

2024–2026

One bar per payment. 8 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; Sep 28, 2026 $0.03. Use the arrow keys to read each point.202420252026YTD
Ex-datePay dateAmount per share
Sep 28, 2026Sep 30, 2026$0.03
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

$10,000 in DTAN 1 year ago paid $212 in dividends.

DTAN Risk

Risk pillarD29 out of 100Rank 15 of 18 in International Active Value
How much the fund’s monthly returns vary, scaled to a year.
13.2%
Annualised · 25 months to Oct 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.
0.85
vs 3-month T-bills · 25 months to Oct 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%
25 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.
0.59
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.

FMP measures it over up to five years of monthly returns.

DTAN Cost

Compare DTAN and AVIV

Overpaying vs AVIV, cheapest in International Active Value

$5,745

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • DTAN 0.55%

    $10,904

  • AVIV 0.25% Cheapest

    $5,159

$10,000
30 years

Cost over time

  • DTAN 0.55%
  • AVIV 0.25%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2.5K$5K$7.5K$10K$12.5K051015202530DTAN $10,904AVIV $5,159

Year by year

YearDTANAVIVOverpaying
10$988$455$533
20$3,790$1,769$2,021
30$10,904$5,159$5,745

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