What this ETF is trying to do

The Ned Davis Research 360 Dynamic Allocation ETF (NDAA) is designed to manage a diversified mix of assets. Instead of focusing on just one thing, it spreads its investments across different types of funds, including international stocks, U.S. stocks, and various types of bonds.

What the numbers show

As of October 9, 2026, the share price of NDAA was $24.15. The fund has seen positive growth recently:

• Year-to-Date (YTD): The price return is 11.02%.

• One-Year Price Return: The share price increased by 10.54%.

• One-Year Total Return: When including distributions, the total return was 13.52%.

To put this in perspective, the estimated price from roughly one year ago was $21.84. If an investor had put $10,000 into the fund based on that estimated price, the value of those shares alone (not including distributions) would have grown by approximately 10.54%.

Income and distribution explanation

NDAA provides some cash income to its investors, but it does not pay out on a regular schedule. The distribution frequency is listed as irregular or less frequent, with only one payout in the last 12 months.

The distribution yield is 2.44%. It is important for beginners to remember that a distribution yield is not the same as a total return. While the yield shows the cash paid out relative to the price, the total return shows the full picture of both price growth and cash payments.

NAV erosion explanation

NAV erosion happens when the actual value of the assets inside a fund drops over time. The supplied data is sufficient to evaluate price erosion, but it does not include enough historical NAV-per-share data to confirm or rule out NAV erosion.

However, based on price-based evidence, the fund has an erosion score of 100, and the label states "No price erosion detected." The severe erosion-risk flag is also false.

Top Holdings

The fund holds 12 different assets. As of October 12, 2026, the largest holdings include:

• iShares Core MSCI EAFE ETF (IEFA): 14.08%

• iShares Core MSCI Emerging Markets ETF (IEMG): 13.77%

• iShares Core S&P US Value ETF (IUSV): 10.14%

• Vanguard Interm-Term Corp Bd ETF (VCIT): 9.50%

• iShares 20+ Year Treasury Bond ETF (TLT): 9.44%

Pros

• Diversification: It invests in a wide variety of global stocks and bonds.

• Positive Growth: Both the price return and total return have been positive over the last year.

• Low Erosion Risk: No price erosion was detected based on the supplied score.

Cons

• Inconsistent Income: Distributions are irregular, making it less predictable for those who need steady monthly or quarterly cash.

• Limited History: Three-year performance data was not supplied.

Beginner takeaway

NDAA is a diversified fund that has seen its share price and total value grow over the past year. While it offers a modest distribution yield, the payments are not frequent. It is designed for those who want a mix of different asset classes rather than a steady stream of high income.