Key stats
About Dana Concentrated Dividend ETF
Home page
Inception date
Sep 15, 2025
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Tidal Investments LLC
Distributor
Foreside Fund Services LLC
ISIN
US88634W2070
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.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Finance
Technology Services
Electronic Technology
Stocks91.89%
Finance22.25%
Technology Services11.47%
Electronic Technology10.19%
Consumer Non-Durables8.91%
Health Technology7.58%
Retail Trade6.96%
Commercial Services4.43%
Consumer Services4.08%
Distribution Services3.16%
Energy Minerals2.41%
Producer Manufacturing2.17%
Transportation2.01%
Industrial Services1.96%
Process Industries1.60%
Utilities1.19%
Health Services0.97%
Non-Energy Minerals0.20%
Consumer Durables0.18%
Communications0.17%
Bonds, Cash & Other8.11%
ETF8.01%
Mutual fund0.10%
Cash0.00%
Stock breakdown by region
North America99.62%
Europe0.38%
Latin America0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
DIVE invests in stocks. The fund's major sectors are Finance, with 22.25% stocks, and Technology Services, with 11.47% of the basket. The assets are mostly located in the North America region.
DIVE top holdings are Philip Morris International Inc. and Alphabet Inc. Class A, occupying 5.59% and 4.30% of the portfolio correspondingly.
DIVE assets under management is 33.06 M USD. It's fallen 1.03% over the last month.
DIVE fund flows account for −540.20 K USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
No, DIVE doesn't pay dividends to its holders.
DIVE shares are issued by Toroso Investments Topco LLC under the brand Dana. The ETF was launched on Sep 15, 2025, and its management style is Active.
DIVE expense ratio is 0.65% meaning you'd have to pay 0.65% of your investment to help manage the fund.
DIVE follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
DIVE invests in stocks.
DIVE trades at a premium (0.11%) meaning the ETF is trading at a higher price than the calculated NAV.