DTAN: SPARKLINE INTERNATIONAL INTANGIBLE VALUE ETF
ETF Education Report: Sparkline International Intangible Value ETF (DTAN)
What this ETF is trying to do
The Sparkline International Intangible Value ETF (DTAN) is an exchange-traded fund that holds a variety of international companies. Based on its top holdings, the fund includes large global names like Roche Holding AG, Novartis AG, and Siemens AG. This list is partial, meaning these are just some of the 122 total holdings in the fund. Please remember that holdings can change over time.
What the numbers show
When looking at an ETF, it is important to understand two different types of returns: price return and total return.
• Price Return: This measures only the change in the share price. For DTAN, the year-to-date (YTD) price return is approximately 3.84%. Over the last year, the one-year price return was approximately 5.69%.
• Total Return: This includes the share price change plus any cash distributions paid out to investors. The YTD total return is approximately 5.49%, and the one-year total return is approximately 7.88%.
To visualize the price change, you can look at the current price of $32.46 compared to the estimated price from roughly one year ago, which was approximately $30.71.
Income and distribution explanation
Some investors look for ETFs that pay out cash, known as distributions. DTAN has a distribution yield of approximately 1.98%. This means the cash distributed is about 1.98% of the ETF's price. The fund usually pays these out quarterly, and it has made 4 payments over the last 12 months. While distributions provide cash income, they are not the same as total return.
NAV erosion explanation
"NAV erosion" is a term used to describe when the value of the underlying assets in a fund decreases significantly. It is important for income investors to watch this, as they generally want their original investment (the principal) to stay stable. For DTAN, the erosion-risk score is 100, and the label indicates "No price erosion detected." There is no severe erosion-risk flag for this ETF.
Pros
• The fund shows positive price returns both year-to-date and over the last year.
• The total return is higher than the price return, meaning distributions have added value to the overall performance.
• The erosion-risk measurement is rated as "good."
Cons
• The income rating grade is a "C," which may be lower than what some income-focused investors seek.
• The list of top holdings is only a partial view of the full portfolio.
Beginner takeaway
DTAN provides exposure to international companies and has shown positive growth in both share price and total return over the past year. While it pays a distribution, investors should always remember that a high yield alone does not tell the whole story; you must also look at how the share price is performing.
Top Holdings
Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | ROCHE HOLDING AG ORDINARY SHARES NEW | n/a | 3.66% |
| 2 | NOVARTIS AG REGISTERED SHARES | n/a | 3.56% |
| 3 | SIEMENS AG | n/a | 3.12% |
| 4 | L'OREAL SA | n/a | 2.80% |
| 5 | ASTRAZENECA PLC | AZN:XLON | 2.55% |
| 6 | TOYOTA MOTOR CORP | n/a | 2.53% |
| 7 | SIEMENS ENERGY AG ORDINARY SHARES | n/a | 2.29% |
| 8 | SHELL PLC | n/a | 2.27% |
| 9 | AIRBUS SE | n/a | 2.19% |
| 10 | SANOFI SA | n/a | 2.17% |