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Launched · SEC filings

Unusual Whales Subversive Democratic Trading ETF

NANCCboeC

$52.77−0.24 (−0.45%)

At close: Oct 13, 2026, 4:00 PM

C51/ 100

Rank 60 of 127 in US Active Equity

C51/100Rank 60 of 127inUS Active Equity
Intraday session: down, 76 prints from 53.01 to 52.77. Range 52.64 to 53.01. Use the arrow keys to read each point.52.7052.9010 AM12 PM2 PM4 PM
Expense ratio
0.72%
Fund size
$301M
1Y total return
+20.5%
Yield · Last 12 months
0.18%
Holdings
90
Avg volume · 30D
0M sh
NAV per share
$53.20
52W range
low $40.78high $53.72
Launched
Filings
SEC EDGAR

The ETF.net NANC Grade

Based on 5 of 6 pillars

C

Score 51 out of 100

Category
US Active Equity⁠
Rank
60 of 127
Six-pillar profile for NANC. Scores out of 100: Cost 46, Risk 45, Mission not scored, Tradability 61, Holdings 54, Durability 66. Strongest: Durability (66). Weakest: Risk (45). Based on 5 of 6 pillars.

Score 51 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.
    C46 out of 100
    Rank 69 of 127

  • 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.
    C45 out of 100
    Rank 82 of 126

  • 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 41 of 127

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C54 out of 100
    Rank 67 of 124

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B66 out of 100
    Rank 41 of 127

Our read on NANC

ETF.net Research

CAn actively managed fund built from paperwork: it holds US stocks that Democratic members of Congress and their families report trading under the STOCK Act. Live since 2023.

Stated mandate

The Fund seeks long-term capital appreciation.

Why people hold it

  1. 01No black box. Holdings trace back to Periodic Transaction Reports that lawmakers must file under the STOCK Act, public documents anyone can go read.sec.gov
  2. 02Screens cut the noise: same-report round trips, securities underlying reported options, and positions predating a member's term are left out.sec.gov
  3. 03A wide net of stocks rather than a few headline trades. It can also hold sector funds that show up on filings, while broad-based funds are excluded.sec.gov
  4. 04Standard 1940 Act ETF plumbing chasing plain long-term capital appreciation, and it lands in the upper half of a crowded active US equity peer group.

Worth knowing

  1. 01At 0.74% a year it runs above the typical active US equity ETF (0.65% median) and well above index-style peers like DFAU at 0.12% or AVLC at 0.15%.
  2. 02Delay is baked in. PTRs are due within 30 days of a member learning of a trade and no later than 45 days after it, so the fund follows disclosures, not live trades.sec.gov
  3. 03It trades thinly next to core index funds, so spreads can run wider, and cash comes back on an annual or semiannual schedule rather than monthly.

NANC Holdings

As of Oct 13, 2026
Asset class
Stocks
Holdings
90
Top-10 weight
48%
Largest holding
NVDA8.6%

Sectors

  • Technology48.5%
  • Communication12.2%
  • Health Care9.4%
  • Financials7.3%
  • Industrials7.1%
  • Consumer Discretionary7.0%
  • Consumer Staples6.4%
  • Materials1.6%
  • Utilities0.5%

Geography

  • United States97.83%
  • Singapore1.00%
  • Taiwan (Province of China)0.51%
  • Ireland0.36%
  • Australia0.30%
The fund’s holdings, weight-ordered — page 1 of 6.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001NVDANVIDIA Corp8.60%112,804$26M847
002MSFTMicrosoft Corp6.86%38,563$21M815
003GOOGAlphabet Inc5.87%50,727$18M478
004AMZNAmazon.com Inc4.89%56,061$15M736
005CRWDCrowdstrike Holdings Inc4.69%51,237$14M472
006AAPLApple Inc4.43%39,586$13M715
007AMATApplied Materials Inc4.28%25,363$13M561
008PMPhilip Morris International Inc3.10%46,359$9M415
009MUMicron Technology Inc2.49%7,273$7M679
010LLYEli Lilly & Co2.48%6,334$7M583
011CRMSalesforce Inc2.43%31,836$7M462
012AXPAmerican Express Co2.38%23,222$7M370
013METAMeta Platforms Inc2.31%9,670$7M704
014COSTCostco Wholesale Corp2.20%6,970$7M469
015NFLXNetflix Inc2.05%87,509$6M485

Showing 1–15 of 90 holdings

NANC Performance

Launched Feb 6, 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.
NANC$12,048
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. NANC $12,048. SPY $12,044. Use the arrow keys to read each point.$9,101$10,740$12,379Oct 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 NANC. Periods over one year show the average yearly return.
PeriodNANC
Year to date+16.1%
1 month+3.3%
3 months+4.7%
1 year+20.5%
3 yearsper year+25.1%
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 NANC
YearReturn barNANC
2026 YTD+16.1%
2025+18.5%
2024+26.8%
2023+20.8%

History from Feb 7, 2023

NANC in the news

Filtered to NANC · US Active Equity

NANC 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.
0.18%Last 12 months
Payout per share
$0.10Last 12 months
Last payment
$0.10 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Annual

Distribution history

2023–2026

One bar per payment. 3 payments from 2023 to 2026 YTD. Dec 19, 2023 $0.29; Dec 27, 2024 $0.08; Dec 26, 2025 $0.10. Use the arrow keys to read each point.2023202420252026YTD
Ex-datePay dateAmount per share
Dec 26, 2025Dec 29, 2025$0.10
Dec 27, 2024Dec 30, 2024$0.08
Dec 19, 2023Dec 21, 2023$0.29

NANC Risk

How much the fund’s monthly returns vary, scaled to a year.
14.9%
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.
1.31
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.
−20.9%
44 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.
1.13
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.

NANC Cost

Expense ratio0.72%
  • The middle half of US Active Equity funds
  • Median 0.70%

66 of the 123 US Active Equity funds charge less.

NANC costs $72.00 a year on $10,000. The median US Active Equity fund costs $70.00.

Other funds in US Active Equity

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