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DUNK

GradeDNew York Stock Exchange Arca

Dana Unconstrained Equity ETF

Themes · Dana · Inception 2025-09-15

$28.04−0.24 (−0.85%)

As of Sep 23, 2026, 2:19 PM EDT

History starts Sep 16, 2025.
Intraday session: down, 10 prints from 28.28 to 28.04. Range 27.98 to 28.34. Use the arrow keys to read each point.$28.10$28.20$28.3010 AM12 PM2 PM4 PM
Expense ratio
0.75%
Fund size
$166M
1Y return
+10.6%
Yield · Last 12 months
—
Volume · 30D
0M sh
NAV per share
$27.58
52W range
low $19.50high $29.21

The ETF.net DUNK Grade

D

32/ 100

Rank 29 of 31 in Disruptive Innovation⁠

Confidence High

Six-pillar profile for DUNK. Scores out of 100: Cost 27, Risk 39, Mission 56, Tradability 33, Holdings 31, Durability 41. Strongest: Mission (56). Weakest: Cost (27). Leans toward Mission.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 32 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 27
    Category rank23/31 · mid-pack

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    BScore 56
    Category rank4/10 · top 40%

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    DScore 39
    Category rank22/31 · mid-pack

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    DScore 33
    Category rank22/31 · mid-pack

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    DScore 31
    Category rank28/31 · bottom quartile

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    CScore 41
    Category rank21/31 · mid-pack

Graded as of Sep 22, 2026

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 Sep 20, 2026, 9:24 AM
Asset class
Stocks
Holdings
—
Top-10 weight
69%
Largest holding
SNOW11.6%

Geography

  • United States92.79%
  • Canada7.21%
The fund’s holdings, weight-ordered — page 1 of 2.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001SNOWSnowflake Inc11.61%57,322$19M321
002NOWServiceNow Inc9.31%112,259$16M426
003MSFTMicrosoft Corp9.17%30,778$15M792
004SHOPShopify Inc7.18%93,298$12M111
005NVDANVIDIA Corp6.15%46,836$10M828
006DASHDoorDash Inc5.44%46,684$9M339
007JNJJohnson & Johnson5.13%31,738$9M521
008VVisa Inc4.94%22,302$8M550
009DDOGDatadog Inc4.92%34,796$8M425
010MAMastercard Inc4.73%13,970$8M512
011LLYEli Lilly & Co4.43%6,423$7M569
012UBERUber Technologies Inc4.41%104,039$7M424
013AMZNAmazon.com Inc4.25%28,287$7M720
014ABBVAbbVie Inc4.11%25,996$7M511
015ABNBAirbnb Inc2.79%28,063$5M405

Showing 1–15 of 25 holdings

DUNK Performance

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

DUNK$11,064
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. DUNK $11,064. SPY $11,723. Use the arrow keys to read each point.$7,383$9,735$12,086Sep 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 DUNK. Periods over one year show the average yearly return.
PeriodDUNK
Year to date+14.9%
1 month+0.1%
3 months+17.4%
1 year+10.6%
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 DUNK
YearReturn barDUNK
2026 YTD+14.9%
2025−1.7%

History from Sep 16, 2025

DUNK in the news

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

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.
—
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.
−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.