DTAN vs JIVE

DTANCSparkline International Intangible Value ETF

JIVEAJPMorgan International Value ETF

In short

DTAN Old-school value screens run on book value, which shrugs at brands, patents and know-how. DTAN takes Sparkline's intangible-adjusted value model overseas, actively picking non-US stocks on an intrinsic value that tries to count the invisible assets.

JIVE JPMorgan's take on international value: an active, style-pure cheapness screen run across roughly 400 names in both non-US developed and emerging markets. Index-like breadth, human hands on the wheel.

Stated mandate

DTAN The Fund seeks capital appreciation. It invests at least 80% of assets plus investment borrowings in publicly listed non-U.S. equities selected against the Sub-Adviser’s proprietary intangible-augmented intrinsic-value measure.

JIVE The fund seeks long-term capital appreciation through investments in foreign equity securities.

Why people hold it

• DTAN The screen is the whole product: at least 80% of assets in non-US listed equities chosen against an intangible-augmented intrinsic-value measure, not book value alone.
• 0.55% for active, boutique-quant international value sits under the typical fee in its peer group and matches JPMorgan's JIVE.
• Not a one-off experiment: Sparkline runs the same intangibles model across US, US small-cap, international and emerging-market funds.sec.gov
• Lands in the upper half of the active international value ETFs we cover, and it distributes quarterly.

• JIVE Style-pure value screen, not a blend compromise. Holdings are chosen for cheapness, and the book spreads across about 400 names instead of a concentrated handful.jpmorgan.com
• One passport, both worlds: the mandate covers non-US developed and emerging markets, measured against the MSCI ACWI ex USA Value index.jpmorgan.com
• A 0.55% fee puts it on the cheaper side of the actively managed international value shelf, where paying up for stock picking is the norm.
• Portfolio matches the label. Exposure lines up with the stated value mandate, and it stands among the stronger implementations in its active international value group.

Worth knowing

• DTAN A small fund that trades lightly, so spreads and market-order fills can be less friendly than at the category's heavyweights.
• No index to hold it to. Outcomes ride on the sub-adviser's proprietary model, and a 2024 launch leaves a short record to study.
• Cheaper neighbors exist in the same aisle: Avantis' AVIV at 0.25% and AVDV at 0.36% take a rules-based route to international value.

• JIVE Systematic rivals like AVIV and AVDV charge less for international value. The extra cost here buys JPMorgan's active selection.
• Emerging market holdings add currency swings and political risk that a developed-markets-only fund sidesteps.
• Launched in 2023, so the live record is short. Distributions arrive annually or semiannually, not monthly.

Full DTAN profile⁠

Full JIVE profile⁠