# Dana Concentrated Dividend ETF (DIVE): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/dive for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Dana · Asset class: Equity - Strategy: — · Inception: 2025-09-15 The Dana Concentrated Dividend ETF (DIVE) strategically invests in a select group of 25 to 35 large-capitalization U.S. companies that consistently pay dividends. The primary focus is on identifying firms possessing robust, enduring competitive advantages, which are currently trading below their intrinsic value. Its rigorous stock selection methodology integrates qualitative analysis with a quantitative scoring system, benchmarking companies within their respective sectors based on critical metrics such as valuation, growth prospects, and profitability. Portfolio weightings are determined b... ## Key Facts | Metric | Value | |---|---| | Price | $28.07 | | Expense Ratio | 0.65% | | Assets Under Management | $48.1M | | NAV | $28.08 | | Holdings Count | 0 | | Distribution Yield (TTM) | 0.67% | | Annual Distribution (TTM) | $0.19 /share | | Distribution Frequency | Quarterly | | 52-Week Range | $23.62 – $28.43 | | Beta | 0.68 | ## Latest Distribution - Amount: $0.0718 /share - Ex-date: 2026-09-29 - Pay date: 2026-09-30 ## Frequently Asked Questions ### What does DIVE invest in? The Dana Concentrated Dividend ETF (DIVE) strategically invests in a select group of 25 to 35 large-capitalization U.S. companies that consistently pay dividends. The primary focus is on identifying firms possessing robust, enduring competitive advantages, which are currently trading below their intrinsic value. Its rigorous stock selection methodology integrates qualitative analysis with a quantitative scoring system, benchmarking companies within their respective sectors based on critical metrics such as valuation, growth prospects, and profitability. Portfolio weightings are determined by the sub-adviser's highest-conviction ideas, with comprehensive risk management achieved through broad diversification across various sectors and investment factors, including value, growth, momentum, quality, and volatility. This approach is deeply rooted in behavioral finance principles, actively seeking to capitalize on market inefficiencies and investor biases to uncover undervalued companies exhibiting strong fundamental health, sustainable competitive moats, and significant potential for dividend yield appreciation. Furthermore, the fund employs a disciplined selling framework designed for effective risk control, responsiveness to shifts in company fundamentals, and consistent income generation. Specifically, holdings are divested when their dividend yields diminish as a consequence of 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 $48.1M 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. ### Does DIVE pay a dividend? Dana Concentrated Dividend ETF (DIVE) currently distributes little or no income. Trailing-twelve-month yield is 0.67%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does DIVE pay dividends? Dana Concentrated Dividend ETF pays dividends Quarterly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is DIVE's dividend yield? DIVE's trailing-twelve-month yield is 0.67%, calculated from the sum of dividends over the past year divided by the current price. ### When is DIVE's next ex-dividend date? The most recently announced ex-dividend date for DIVE was 2026-09-29. The next ex-date typically follows Quarterly; once announced it appears at the top of the dividend history table on this page. ### How much will DIVE's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.65% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does DIVE charge its expense ratio? The expense ratio is deducted in tiny daily slices from DIVE's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does DIVE cost more than a fund like VOO? DIVE's strategy (current expense ratio 0.65%) is different from a broad-market index tracker like VOO, so its fee belongs to a different cohort. The Cost Verdict card above shows you where DIVE sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to DIVE? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as DIVE (0.65%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/dive - Distribution history: https://www.dividenddata.com/funds/dive/dividend - Holdings & diversification: https://www.dividenddata.com/funds/dive/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/dive/expenses - Peer comparison: https://www.dividenddata.com/funds/dive/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.