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Launched

Dana Unconstrained Equity ETF

DUNKNYSE ArcaD

$29.45−0.16 (−0.55%)

As of Oct 13, 2026, 3:51 PM

D35/ 100

Rank 27 of 31 in Disruptive Innovation

D35/100Rank 27 of 31inDisruptive Innovation
Intraday session: down, 18 prints from 29.61 to 29.45. Range 29.41 to 29.65. Use the arrow keys to read each point.29.4029.5029.5529.6510 AM12 PM2 PM4 PM
Expense ratio
0.75%
Fund size
$178M
1Y total return
+17.7%
Yield · Last 12 months
—
Holdings
26
Avg volume · 30D
0M sh
NAV per share
$29.58
52W range
low $19.50high $29.89
Launched

The ETF.net DUNK Grade

D

Score 35 out of 100

Category
Disruptive Innovation⁠
Rank
27 of 31
Six-pillar profile for DUNK. Scores out of 100: Cost 27, Risk 47, Mission 63, Tradability 41, Holdings 31, Durability 45. Strongest: Mission (63). Weakest: Cost (27). Leans toward Mission.

Score 35 of 100 falls in the D 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.
    D27 out of 100
    Rank 20 of 31

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    B63 out of 100
    Rank 4 of 10

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C47 out of 100
    Rank 21 of 31

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C41 out of 100
    Rank 19 of 31

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    D31 out of 100
    Rank 28 of 31

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C45 out of 100
    Rank 19 of 31

Our read on DUNK

ETF.net Research

DMost disruptive-tech funds buy the story. Dana's 2025 entry is an active portfolio that leans toward innovators already posting rising profits and business momentum, with valuation risk as a stated brake. Innovation with a profitability filter.

Stated mandate

The Fund seeks long-term growth of capital through active investment primarily in U.S.-listed equity companies involved in, or expected to benefit from, disruptive technologies. The strategy emphasizes companies with rising profitability and business momentum while considering valuation risk.

Why people hold it

  1. 01Actively run rather than index-bound: the mandate emphasizes disruptive-technology companies with rising profitability and business momentum, not just a good pitch deck.
  2. 02Valuation risk is written into the strategy itself, an unusual guardrail in a corner of the market known for paying up for growth.
  3. 03Sticks to U.S.-listed equities, so you get the innovation theme without a currency or foreign-market layer stacked on top.

Worth knowing

  1. 01At 0.75% a year it runs above the typical disruptive-innovation ETF, and well above index-based rivals such as KOMP (0.20%) and XT (0.46%).
  2. 02Launched in September 2025, so there is little live record behind the manager's stock picks, and it trades lightly, which tends to mean wider spreads.
  3. 03Built around long-term growth of capital, not income; payouts are not part of the design.

DUNK Holdings

As of Oct 12, 2026
Asset class
Stocks
Holdings
26
Top-10 weight
69%
Largest holding
SNOW11.9%

Geography

  • United States91.16%
  • Canada8.84%
The fund’s holdings, weight-ordered — page 1 of 2.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001SNOWSnowflake Inc11.85%57,322$21M335
002MSFTMicrosoft Corp9.23%30,778$16M815
003SHOPShopify Inc8.94%93,298$16M131
004NOWServiceNow Inc8.87%112,259$16M432
005NVDANVIDIA Corp6.02%46,836$11M847
006DDOGDatadog Inc5.72%34,796$10M424
007DASHDoorDash Inc5.14%46,684$9M343
008VVisa Inc4.82%22,302$9M558
009MAMastercard Inc4.61%13,970$8M526
010LLYEli Lilly & Co4.25%6,423$8M583
011JNJJohnson & Johnson4.18%28,551$7M528
012AMZNAmazon.com Inc4.16%28,287$7M736
013ABBVAbbVie Inc4.03%25,996$7M522
014ABNBAirbnb Inc2.61%28,063$5M405
015UBERUber Technologies Inc2.48%61,818$4M424

Showing 1–15 of 26 holdings

DUNK Performance

Launched Sep 15, 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.
DUNK$11,774
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$12,044
Oct 10, 2025 to Oct 12, 2026. DUNK $11,774. SPY $12,044. Use the arrow keys to read each point.$7,435$9,918$12,402Oct 2025Apr 2026Oct 2026

Oct 10, 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 DUNK. Periods over one year show the average yearly return.
PeriodDUNK
Year to date+20.3%
1 month+7.9%
3 months+13.8%
1 year+17.7%
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 DUNK
YearReturn barDUNK
2026 YTD+20.3%
2025−1.7%

History from Sep 16, 2025

DUNK in the news

Filtered to DUNK · Disruptive Innovation

DUNK Dividends

This fund pays no distributions.
—Last 12 months
Payout per share
—Last 12 months

No distributions in the last 12 months.

DUNK Risk

How much the fund’s monthly returns vary, scaled to a year.
26.2%
Annualised · 12 months to Sep 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.
0.38
vs 3-month T-bills · 12 months to Sep 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.
−25.6%
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.
1.38
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.

DUNK Cost

Expense ratio0.75%
  • The middle half of Disruptive Innovation funds
  • Median 0.65%

19 of the 31 Disruptive Innovation funds charge less.

DUNK costs $75.00 a year on $10,000. The median Disruptive Innovation fund costs $65.00.

Other funds in Disruptive Innovation

See others