- What does DIVE invest in?
- DIVE invests in a concentrated portfolio of 25 to 35 dividend-paying, large-cap US companies with structural competitive advantages trading below fair value. Stock selection combines qualitative analysis with sector-relative quantitative scoring across valuation, growth, and profitability metrics. The portfolio is then weighted based on the sub-adviser's top ideas, with risk managed through diversification across sectors and factors such as value, growth, momentum, quality, and volatility. The strategy uses a behavioral finance-driven approach, exploiting market inefficiencies caused by investor biases to identify undervalued companies with strong fundamentals, sustainable competitive advantages, and dividend yield growth potential. The fund follows a structured sell framework focused on risk control, changing fundamentals, and maintaining income. Positions are sold when dividend yields decline due to price appreciation.
- What is the expense ratio of DIVE?
- Dana Concentrated Dividend ETF (DIVE) charges an expense ratio of 0.65%. This is the annual fee deducted from fund assets to cover management and operations.
- How big is DIVE?
- Dana Concentrated Dividend ETF (DIVE) manages $44.4M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.
- Is DIVE actively managed or an index fund?
- DIVE's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.
- When was DIVE launched?
- Dana Concentrated Dividend ETF (DIVE) launched in September 2025 and is managed by Dana.
- How has DIVE performed?
- DIVE's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.
