What this ETF is trying to do

The Tactical Advantage ETF (FDAT) is an exchange-traded fund that spreads its investments across various other funds and assets. Based on its holdings, it holds a mix of government obligations, growth and value stocks, and specific sectors like technology, healthcare, and gold miners.

What the numbers show

As of October 9, 2026, the share price is $22.28. To understand how the fund has performed, we look at two different types of returns: price return (the change in share price) and total return (which includes the share price change plus distributions).

• Year-to-Date (YTD): The price return is 3.17%, while the total return is 5.14%.

• One Year: The price return is -2.28%, but the total return is 3.69%.

• Three Year: The price return is 12.24%, and the total return is 32.57%.

For a simple example, if you had invested $10,000 exactly one year ago at the estimated price of $22.79, the price-only decline of -2.28% would mean your shares are now worth approximately $9,772. This example does not include any cash distributions you would have received.

Income and distribution explanation

This ETF usually pays out cash to investors every quarter. Over the last 12 months, it has made 4 payouts totaling $1.32 per share. This results in a distribution yield of approximately 5.91%.

It is important for beginners to know that a high distribution yield alone can be misleading. A fund can pay out a high percentage in cash even if the share price is falling.

NAV erosion explanation

NAV erosion happens when the actual value of the fund's underlying assets drops significantly over time. StockValueFinder uses an erosion-risk score to measure this. FDAT has an erosion score of 94, which is labeled as "Stable / sideways" with "good" severity. The severe erosion-risk flag is false, meaning the fund has not triggered a warning for substantial price deterioration.

Top Holdings

The fund's portfolio was updated on October 4, 2026. Its largest holdings include:

• First American Government Obligs X: 23.43%

• Vanguard MStar Growth ETF: 8.17%

• State Street SPDR Port S&P 500 Val ETF: 8.15%

• State Street FinSelect SPDR ETF: 7.94%

• Invesco S&P Midcap Momentum ETF: 7.62%

Pros

• The three-year total return is strong at 32.57%.

• The erosion-risk score suggests the fund's price trend is stable.

• It provides regular quarterly income.

Cons

• The one-year price return is negative (-2.28%), meaning the share price alone dropped over the last year.

Beginner takeaway

FDAT is a fund that provides both a share price and regular cash payments. While the share price has dipped slightly over the last year, the total return (which includes those payments) remained positive. Income investors generally look for "principal stability," meaning they want the share price to stay steady while they collect distributions.