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Launched · SEC filings

Sparkline Intangible Value ETF

ITANNYSE ArcaSparklineB

$44.90+0.10 (+0.23%)

As of Nov 2, 2026, 3:58 PM ET

B57/ 100

Rank 25 of 66 in US Active Value

B57/100Rank 25 of 66inUS Active Value
Intraday session: up, 78 prints from 44.79 to 44.90. Range 44.89 to 45.32. Use the arrow keys to read each point.45.0045.1045.2045.3010 AM12 PM2 PM4 PM
Expense ratio
0.50%
Fund size
$123M
1Y total return
+26.0%
Yield · Last 12 months
0.98%
Holdings
152
Avg volume · 30D
11.1K sh
52W range
low $34.22high $45.54
Launched
Filings
SEC EDGAR

The ETF.net ITAN Grade

Based on 5 of 6 pillars

B

Score 57 out of 100

Category
US Active Value⁠
Rank
25 of 66
Six-pillar profile for ITAN. Scores out of 100: Cost 57, Risk 43, Mission not scored, Tradability 61, Holdings 80, Durability 56. Strongest: Holdings (80). Weakest: Risk (43). Based on 5 of 6 pillars.

Score 57 of 100 falls in the B 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.
    B57 out of 100
    Rank 26 of 66

  • 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.
    C43 out of 100
    Rank 40 of 65

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B61 out of 100
    Rank 17 of 66

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    A80 out of 100
    Rank 9 of 66

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B56 out of 100
    Rank 33 of 66

Our read on ITAN

ETF.net Research

In short

BValue investing rewritten for an asset-light economy. Patents, brands, talent and networks never show up on a balance sheet, so ITAN scores them with language models and then hunts for the ones priced too cheaply.

Stated mandate

The Fund pursues long-term capital appreciation.

Why people hold it

  • Book value misses patents, brands, talent and networks. Sparkline reads patents, job postings and earnings calls with natural language processing to price what accountants leave out.sparklinecapital.com
  • 0.50% a year, below the median for its US value peer group. Unusual restraint for a boutique shop selling proprietary research.
  • Sits in the upper half of a crowded active US value field, with the portfolio construction its strongest feature.
  • Live since 2021 on a broad US large-cap opportunity set, measured against the Solactive GBS United States 1000. This is mainstream America seen through a different lens, not a micro-cap corner.

Worth knowing

  • Fully active, no index to hug. The holdings reflect one firm's model of intangible worth and can look nothing like a classic price-to-book screen.sparklinecapital.com
  • You pay for the research. Systematic value peers like AVLV (0.15%) and WTV (0.12%) charge a fraction for a rules-based version of the same style box.
  • A small, lightly traded boutique fund, so spreads can run wider than the household-name value ETFs.

ITAN Performance

Launched Jun 28, 2021

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.
ITAN$12,598
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. ITAN $12,598. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000$12,000$13,000Oct 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 ITAN. Periods over one year show the average yearly return.
PeriodITAN
Year to date+21.9%
1 month+2.8%
3 months+5.0%
1 year+26.0%
3 yearsper year+27.1%
5 yearsper year+12.5%
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 ITAN
YearReturn barITAN
2026 YTD+21.9%
2025+20.5%
2024+17.8%
2023+34.6%
2022−24.3%
2021+7.0%

History from Jun 29, 2021

ITAN in the news

ITAN 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.
0.98%Last 12 months
Payout per share
$0.44Last 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

2021–2026

One bar per payment. 18 payments from 2021 to 2026 YTD. Sep 13, 2021 $0.04; Dec 30, 2021 $0.08; Dec 29, 2022 $0.11; Mar 29, 2023 $0.06; Jun 28, 2023 $0.02; Sep 27, 2023 $0.11; Dec 19, 2023 $0.09; Mar 26, 2024 $0.09; Jun 27, 2024 $0.02; Sep 27, 2024 $0.17; Dec 30, 2024 $0.08; Mar 28, 2025 $0.02; Jun 27, 2025 $0.09; Sep 29, 2025 $0.14; Dec 23, 2025 $0.10; Mar 30, 2026 $0.10; Jun 29, 2026 $0.10; Sep 28, 2026 $0.14. Use the arrow keys to read each point.202120222023202420252026YTD
Ex-datePay dateAmount per share
Sep 28, 2026Sep 30, 2026$0.14
Jun 29, 2026Jun 30, 2026$0.10
Mar 30, 2026Mar 31, 2026$0.10
Dec 23, 2025Dec 24, 2025$0.10
Sep 29, 2025Sep 30, 2025$0.14
Jun 27, 2025Jun 30, 2025$0.09
Mar 28, 2025Mar 31, 2025$0.02
Dec 30, 2024Dec 31, 2024$0.08
Sep 27, 2024Sep 30, 2024$0.17
Jun 27, 2024Jun 28, 2024$0.02
Mar 26, 2024Mar 28, 2024$0.09
Dec 19, 2023Dec 21, 2023$0.09

See all 18 payments⁠

$10,000 in ITAN 5 years ago paid $561 in dividends.⁠

ITAN Risk

Risk pillarC43 out of 100Rank 40 of 65 in US Active Value
How much the fund’s monthly returns vary, scaled to a year.
14.0%
Annualised · 36 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.
1.48
vs 3-month T-bills · 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.
−30.4%
Trough Oct 2022
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.
1.09
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.

ITAN Cost

Compare ITAN and WTV

Overpaying vs WTV, cheapest in US Active Value

$7,459

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

  • ITAN 0.50%

    $9,979

  • WTV 0.12% Cheapest

    $2,520

$10,000
30 years

Cost over time

  • ITAN 0.50%
  • WTV 0.12%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K$10K051015202530ITAN $9,979WTV $2,520

Year by year

YearITANWTVOverpaying
10$900$220$680
20$3,460$859$2,601
30$9,979$2,520$7,459

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