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Launched

Keating Active ETF

KEATNasdaqD

$32.91−0.25 (−0.77%)

At close: Nov 2, 2026, 4:00 PM ET

D35/ 100

Rank 95 of 126 in US Active Equity

D35/100Rank 95 of 126inUS Active Equity
Intraday session: down, 79 prints from 33.16 to 32.91. Range 32.91 to 33.17. Use the arrow keys to read each point.32.9533.0033.0533.1010 AM12 PM2 PM4 PM
Expense ratio
0.85%*
Fund size
$119M
1Y total return
+15.9%
Yield · Last 12 months
2.79%
Holdings
30
Avg volume · 30D
3.03K sh
52W range
low $28.76high $35.32
Launched

*After a fee waiver that ends May 31, 2027. Without it: 0.86%.

The ETF.net KEAT Grade

Based on 5 of 6 pillars

D

Score 35 out of 100

Category
US Active Equity⁠
Rank
95 of 126
Six-pillar profile for KEAT. Scores out of 100: Cost 28, Risk 68, Mission not scored, Tradability 21, Holdings 28, Durability 41. Strongest: Risk (68). Weakest: Tradability (21). Based on 5 of 6 pillars.

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.
    D28 out of 100
    Rank 89 of 126

  • 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.
    B68 out of 100
    Rank 24 of 126

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    F21 out of 100
    Rank 111 of 126

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    D28 out of 100
    Rank 115 of 124

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C41 out of 100
    Rank 91 of 126

Our read on KEAT

ETF.net Research

In short

DA boutique stock picker in a corner of the market dominated by giant quant shops. Keating runs a hand-built equity portfolio chasing both income and growth, and charges active-management prices to do it.

Stated mandate

The Fund seeks total return through income and capital appreciation.

Why people hold it

  • Genuinely active, not an index in disguise: holdings come from fundamental research, one company at a time, rather than a rules-based screen.
  • A two-sided mandate. It targets total return from income and capital appreciation, and distributions are paid on a quarterly schedule.
  • Wide toolkit for an equity fund: common stock, preferred shares, REITs and depositary receipts all sit inside the mandate, so the income can come from more than one place.

Worth knowing

  • The 0.85% fee sits above the typical active US equity fund at 0.65%, and well above the cohort's highest-rated names: DFAU at 0.12%, AVLC at 0.15%, DFAC at 0.17%.
  • Thinly traded and small. Bid-ask spreads tend to be wider on funds like this, which adds a cost that never shows up in the expense ratio.
  • Launched in 2024, so the record is short. There is not yet enough history to see how the manager's picks behave across a full market cycle.

KEAT Performance

Launched Mar 26, 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.
KEAT$11,590
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,146
Oct 31, 2025 to Nov 2, 2026. KEAT $11,590. SPY $11,146. Use the arrow keys to read each point.$10,000$11,000$12,000Oct 2025May 2026Nov 2026

Oct 31, 2025 – Nov 2, 2026

Returns run to the Nov 2, 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 KEAT. Periods over one year show the average yearly return.
PeriodKEAT
Year to date+10.3%
1 month+1.1%
3 months0.0%
1 year+15.9%
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 KEAT
YearReturn barKEAT
2026 YTD+10.3%
2025+22.7%
2024+2.4%

History from Mar 27, 2024

KEAT in the news

KEAT 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 Nov 2, 2026.
2.79%Last 12 months
Payout per share
$0.92Last 12 months
Last payment
$0.22 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. 10 payments from 2024 to 2026 YTD. Jun 27, 2024 $0.21; Sep 27, 2024 $0.09; Dec 30, 2024 $0.14; Apr 14, 2025 $0.06; Jun 27, 2025 $0.32; Sep 29, 2025 $0.13; Dec 23, 2025 $0.25; Mar 30, 2026 $0.05; Jun 29, 2026 $0.40; Sep 28, 2026 $0.22. Use the arrow keys to read each point.202420252026YTD
Ex-datePay dateAmount per share
Sep 28, 2026Sep 30, 2026$0.22
Jun 29, 2026Jun 30, 2026$0.40
Mar 30, 2026Mar 31, 2026$0.05
Dec 23, 2025Dec 24, 2025$0.25
Sep 29, 2025Sep 30, 2025$0.13
Jun 27, 2025Jun 30, 2025$0.32
Apr 14, 2025Apr 15, 2025$0.06
Dec 30, 2024Dec 31, 2024$0.14
Sep 27, 2024Sep 30, 2024$0.09
Jun 27, 2024Jun 28, 2024$0.21

$10,000 in KEAT 1 year ago paid $315 in dividends.

KEAT Risk

Risk pillarB68 out of 100Rank 24 of 126 in US Active Equity
How much the fund’s monthly returns vary, scaled to a year.
12.5%
Annualised · 31 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.
0.74
vs 3-month T-bills · 31 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.
−10.6%
31 months · trough Jul 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.
0.14
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.

KEAT Cost

Compare KEAT and TACU

Overpaying vs TACU, cheapest in US Active Equity

$16,199

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

  • KEAT 0.85%

    $16,199

  • TACU 0.00% Cheapest

    $0

$10,000
30 years

Cost over time

  • KEAT 0.85%
  • TACU 0.00%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530KEAT $16,199TACU $0

Year by year

YearKEATTACUOverpaying
10$1,508$0$1,508
20$5,706$0$5,706
30$16,199$0$16,199
How the 0.85% is worked out

Full fee 0.86%− waiver 0.01%= you pay 0.85%

The waiver ends May 31, 2027. After that the fee is 0.86% unless Keating renews it. Source: prospectus, May 2026.

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