Dana Limited Volatility ETF

Frequently Asked Questions About DANA

What does DANA invest in?

The fund is an actively-managed exchange-traded fund (“ETF”) that seeks to preserve capital while generating current income by investing primarily in high-quality, cash flow–producing fixed income securities. The fund focuses on U.S. government securities and investment-grade corporate bonds (bonds rated AA-/Aa3- or higher by a nationally recognized statistical rating organization (“NRSRO”)), which are considered to have a lower risk of default.

What is the expense ratio of DANA?

Dana Limited Volatility ETF (DANA) charges an expense ratio of 0.35%. This is the annual fee deducted from fund assets to cover management and operations.

What is DANA's dividend yield?

DANA's trailing-twelve-month yield is 2.60%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of DANA?

Effective duration measures DANA's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. DANA's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of DANA?

DANA's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of DANA?

Yield to maturity (YTM) is the total return you'd earn from DANA if every bond in the portfolio is held to maturity at the current price. DANA's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.