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Launched · SEC filings

M.D. Sass Concentrated Value ETF

SASSNYSE ArcaF

$23.61+0.01 (+0.04%)

As of Oct 13, 2026, 10:36 AM

F20/ 100

Rank 8 of 8 in US Active Contrarian Value

F20/100Rank 8 of 8inUS Active Contrarian Value
Intraday session: up, 3 prints from 23.60 to 23.61. Range 23.61 to 23.61. Use the arrow keys to read each point.23.6023.6023.6123.6110 AM12 PM2 PM4 PM
Expense ratio
0.75%
Fund size
$76M
1Y total return
—
Yield · Last 12 months
—
Holdings
25
Avg volume · 30D
0M sh
NAV per share
$23.63
52W range
low $22.70high $25.42
Launched
Filings
SEC EDGAR

The ETF.net SASS Grade

Based on 5 of 6 pillars

F

Score 20 out of 100

Category
US Active Contrarian Value⁠
Rank
8 of 8
Six-pillar profile for SASS. Scores out of 100: Cost 21, Risk 19, Mission not scored, Tradability 8, Holdings 34, Durability 30. Strongest: Holdings (34). Weakest: Tradability (8). Based on 5 of 6 pillars.

Score 20 of 100 falls in the F 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.
    F21 out of 100
    Rank 7 of 8

  • 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.
    F19 out of 100
    Rank 8 of 8

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    F8 out of 100
    Rank 8 of 8

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    D34 out of 100
    Rank 7 of 7

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    D30 out of 100
    Rank 8 of 8

Our read on SASS

ETF.net Research

FA high-conviction take on US value: M.D. Sass runs a concentrated book of large- and mid-cap value names measured against the Russell 1000 Value, leaning on stock picking rather than owning the whole index.

Stated mandate

The Fund seeks long-term capital appreciation through an actively managed, high-conviction U.S. equity strategy focused primarily on large- and mid-capitalization value companies.

Why people hold it

  1. 01Concentrated by design: a high-conviction set of large- and mid-cap value names, so the portfolio can look nothing like the Russell 1000 Value it measures itself against.
  2. 02The mandate is narrow and legible: US stocks, value screen, actively picked. No overseas drift, no factor grab bag.
  3. 03Standard 1940 Act fund plumbing, so shareholders get ordinary 1099 reporting rather than a K-1.

Worth knowing

  1. 01The 0.75% expense ratio sits above the typical active US equity ETF, and the strongest-rated peers in the group (DFAU, AVLC) charge well under 0.20%.
  2. 02Thinly traded on a modest asset base, so spreads can be wider than in megacap index funds. Limit orders matter more here.
  3. 03Concentration cuts both ways: with few holdings, one name's stumble moves the whole fund. It launched in 2026, so the live record is short.

SASS Holdings

As of Oct 13, 2026
Asset class
Stocks
Holdings
25
Top-10 weight
57%
Largest holding
AMZN6.3%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 2.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001AMZNAmazon.com Inc6.31%17,999$5M736
002CLHClean Harbors Inc Com6.13%14,474$5M161
003AMEAMETEK Inc5.97%17,987$4M316
004COFCapital One Financial Corp5.84%21,936$4M353
005PRMBPrimo Brands Corp5.68%220,766$4M103
006KNXKnight-Swift Transportation Holdings Inc5.60%64,963$4M150
007HSICHenry Schein Inc5.51%49,076$4M195
008DGXQuest Diagnostics Inc5.45%17,656$4M302
009ADIAnalog Devices Inc5.44%10,030$4M477
010WMBWilliams Cos Inc/The5.02%51,748$4M358
011WELLWelltower Inc4.69%15,556$4M339
012TPXSomnigroup International Inc4.42%53,166$3M61
013SNXTD SYNNEX Corp4.14%11,340$3M230
014ARESAres Management Corp3.94%25,179$3M253
015SAROStandardAero Inc3.88%143,839$3M122

Showing 1–15 of 25 holdings

SASS Performance

Launched Mar 4, 2026

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.Not enough history yet.Not enough history yet.
SASS$9,551
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,332
Jul 10, 2026 to Oct 12, 2026. SASS $9,551. SPY $10,332. Use the arrow keys to read each point.$9,391$9,904$10,416Jul 2026Aug 2026Oct 2026

Jul 10, 2026 – 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 SASS. Periods over one year show the average yearly return.
PeriodSASS
Year to dateFund launched this year—
1 month−2.4%
3 months−4.5%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years oldper year—
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 SASS
YearReturn barSASS
2026 YTD−6.0%

Since listing, Mar 4, 2026

SASS in the news

No ETF.net Research article names SASS yet.

SASS 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.
—Last 12 months
Payout per share
—Last 12 months

Listed Mar 2026. No distributions yet.

SASS Risk

How much the fund’s monthly returns vary, scaled to a year.
—
Launched Mar 2026; fills in after 12 months
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.
—
Launched Mar 2026; fills in after 12 months
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.
—
Launched Mar 2026; fills in after 12 months
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.
0.47
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.

SASS Cost

Expense ratio0.75%
  • The middle half of US Active Contrarian Value funds
  • Median 0.54%

6 of the 8 US Active Contrarian Value funds charge less.

SASS costs $75.00 a year on $10,000. The median US Active Contrarian Value fund costs $54.50.

Other funds in US Active Contrarian Value

See others