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Launched

Tactical Advantage ETF

FDATNYSE ArcaC

$22.16−0.04 (−0.18%)

As of Oct 13, 2026, 3:59 PM

C44/ 100

Rank 26 of 37 in Multi-Asset Allocation

C44/100Rank 26 of 37inMulti-Asset Allocation
Intraday session: down, 66 prints from 22.20 to 22.16. Range 22.05 to 22.18. Use the arrow keys to read each point.22.0522.0722.1022.1310 AM12 PM2 PM4 PM
Expense ratio
0.74%
Fund size
$36M
1Y total return
+5.3%
Yield · Last 12 months
5.93%
Holdings
15
Avg volume · 30D
0M sh
NAV per share
$22.27
52W range
low $21.49high $24.85
Launched

The ETF.net FDAT Grade

C

Score 44 out of 100

Category
Multi-Asset Allocation⁠
Rank
26 of 37
Six-pillar profile for FDAT. Scores out of 100: Cost 42, Risk 48, Mission 73, Tradability 11, Holdings 38, Durability 27. Strongest: Mission (73). Weakest: Tradability (11). Leans toward Mission.

Score 44 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.
    C42 out of 100
    Rank 22 of 37

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A73 out of 100
    Rank 14 of 29

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C48 out of 100
    Rank 22 of 35

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    F11 out of 100
    Rank 36 of 37

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    D38 out of 100
    Rank 25 of 33

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    D27 out of 100
    Rank 32 of 37

Our read on FDAT

ETF.net Research

CMost allocation ETFs pick a stock/bond mix and sit still. FDAT goes the other way: a momentum-driven tactical strategy that pursues long-term growth while aiming to keep the ride calmer than the stock market's.

Stated mandate

The Fund seeks long-term capital appreciation while attempting to keep the volatility of its returns below that of equity markets generally.

Why people hold it

  1. 01The mandate is unusually specific: seek long-term capital appreciation while attempting to keep return volatility below equity markets generally.
  2. 02Momentum is the engine. This rotates rather than holding a fixed stock/bond blend, with the S&P 500 named as its reference point.
  3. 03The 0.78% annual fee sits right at the median for allocation ETFs, so the tactical machinery costs no more than the typical fund in the group.
  4. 04Pays out quarterly, a rhythm income-minded holders can plan around.

Worth knowing

  1. 01Small and thinly traded. Spreads can widen, so limit orders matter more here than with a heavily traded fund.
  2. 02Static allocation rivals cost far less: AOA at 0.19% and IRTR at 0.08%. You're paying up for the tactical tilt.
  3. 03Launched in 2023, so the strategy has a short record and hasn't been through a full market cycle.

FDAT Holdings

As of Oct 13, 2026
Asset class
Other
Holdings
15
Top-10 weight
95%
Largest holding
First American Government Obligations Fund 12/01/203146.0%

Sectors

  • Technology59.6%
  • Industrials14.8%
  • Utilities9.6%
  • Communication5.6%
  • Consumer Discretionary3.6%
  • Health Care2.6%
  • Financials2.0%
  • Energy0.8%
  • Consumer Staples0.7%
  • Real Estate0.5%
  • Materials0.3%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—First American Government Obligations Fund 12/01/203145.96%16,684,216$17M529
002VUGVanguard Morningstar Growth ETF8.63%34,059$3M15
003VOEVanguard Morningstar Mid-Cap Value ETF7.99%14,334$3M11
004XLIState Street Industrial Select Sector SPDR ETF7.96%17,083$3M23
005CIBRFirst Trust NASDAQ Cybersecurity ETF4.25%14,021$2M4
006BAIiShares AI Innovation and Tech Active ETF4.11%30,976$1M2
007SMHVanEck Semiconductor ETF4.04%2,431$1M12
008SPYVState Street SPDR Portfolio S&P 500 Value ETF4.04%23,483$1M7
009ITAiShares U.S. Aerospace & Defense ETF4.00%7,030$1M4
010RSPDInvesco S&P 500 Equal Weight Consumer Discretionary ETF4.00%27,585$1M2
011SPMOInvesco S&P 500 Momentum ETF3.99%9,582$1M7
012XMMOInvesco S&P MidCap Momentum ET3.92%9,552$1M1
013QTUMDefiance Quantum ETF3.91%9,329$1M3
014XLUState Street Utilities Select Sector SPDR ETF3.16%27,682$1M23
015IBITiShares Bitcoin Trust ETF1.92%14,951$696K14

Showing 1–15 of 15 holdings

FDAT Performance

Launched Apr 20, 2023

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.
FDAT$10,534
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. FDAT $10,534. SPY $12,044. Use the arrow keys to read each point.$9,482$10,866$12,250Oct 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 FDAT. Periods over one year show the average yearly return.
PeriodFDAT
Year to date+4.7%
1 month−0.5%
3 months−0.1%
1 year+5.3%
3 yearsper year+9.7%
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 FDAT
YearReturn barFDAT
2026 YTD+4.7%
2025+7.5%
2024+10.0%
2023+6.2%

Since listing, Apr 20, 2023

FDAT in the news

Filtered to FDAT · Multi-Asset Allocation

FDAT 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 12, 2026.
5.93%Last 12 months
Payout per share
$1.32Last 12 months
Last payment
$0.14 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2023–2026

One bar per payment. 7 payments from 2023 to 2026 YTD. Dec 27, 2023 $0.33; Dec 18, 2024 $1.89; Sep 25, 2025 $0.13; Dec 23, 2025 $0.90; Mar 24, 2026 $0.21; Jun 23, 2026 $0.06; Sep 24, 2026 $0.14. Use the arrow keys to read each point.2023202420252026YTD
Ex-datePay dateAmount per share
Sep 24, 2026Sep 25, 2026$0.14
Jun 23, 2026Jun 24, 2026$0.06
Mar 24, 2026Mar 25, 2026$0.21
Dec 23, 2025Dec 24, 2025$0.90
Sep 25, 2025Sep 26, 2025$0.13
Dec 18, 2024Dec 19, 2024$1.89
Dec 27, 2023Dec 29, 2023$0.33

FDAT Risk

How much the fund’s monthly returns vary, scaled to a year.
8.7%
Annualised · 36 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.
0.60
vs 3-month T-bills · 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.
−8.1%
41 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.
0.76
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.

FDAT Cost

Expense ratio0.74%
  • The middle half of Multi-Asset Allocation funds
  • Median 0.58%

21 of the 37 Multi-Asset Allocation funds charge less.

FDAT costs $74.00 a year on $10,000. The median Multi-Asset Allocation fund costs $58.00.

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