What this ETF is trying to do

The M.D. SASS Concentrated Equities ETF (SASS) is an exchange-traded fund that focuses on a small number of companies. Instead of owning hundreds of different stocks, it holds a "concentrated" portfolio. As of October 7, 2026, the fund held a total of 25 holdings.

What the numbers show

As of October 5, 2026, the current price of one share is $23.82.

There is currently no data available for the year-to-date, one-year, or three-year price and total returns. Because there is not enough verified price history, an erosion score has not been provided.

Top Holdings

The fund's portfolio can change over time. Based on data from October 7, 2026, the top holdings include:

• Amazon.com Inc: 7.08%

• Henry Schein Inc: 6.53%

• Capital One Financial Corp: 6.05%

• Knight-Swift Transportation Holdings Inc Class A: 5.94%

• Clean Harbors Inc: 5.9%

• Quest Diagnostics Inc: 5.7%

• Ametek Inc: 5.51%

• Primo Brands Corp Ordinary Shares Class A: 5.45%

• SomniGroup International Inc: 5.24%

• Williams Companies Inc: 5.06%

Income and distribution explanation

Some investors look for ETFs that pay them cash regularly. These payments are called distributions. For this ETF, no distributions have been detected, and the distribution yield is 0%. It has an income rating grade of "F."

It is important for beginners to know that a high distribution yield alone can be misleading. While some funds pay a lot of cash, that does not always mean the investment is growing.

NAV erosion explanation

"NAV erosion" happens when the net asset value (the actual value of the stuff inside the ETF) declines over time. Investors who want steady income usually care about principal stability, meaning they want the core value of their investment to stay steady.

For this specific ETF, the severe erosion-risk flag is false, meaning the specific warning triggers for price deterioration were not met.

Pros

• Concentrated Strategy: By holding fewer stocks, the fund can have a more direct impact if its top choices perform well.

• Diversified Top Holdings: The top holdings span different industries, such as retail, finance, and transportation.

Cons

• No Income: This ETF does not currently provide cash distributions to investors.

• Limited Data: There is currently no available data for short-term or long-term returns.

Beginner takeaway

SASS is a concentrated fund, meaning it bets on a small group of companies rather than the whole market. It does not pay out regular income, and there is not yet enough historical data to see how its price has performed over the last few years.