ETF Evaluator:
Tactical Advantage ETF (FDAT)
Follow This ETF
(as of Aug 07)
Best Performing in Tactical Allocation Over the Last Year
| 31.2% | Relative Sentiment Tactical Allc ETF (MOOD) |
| 27.5% | RH Tactical Rotation ETF (RHRX) |
| 25.2% | Cambria Global Momentum ETF (GMOM) |
| 24.3% | STF Tactical Growth ETF (TUG) |
| 23.1% | Alexis Practical Tactical ETF (LEXI) |
Risk
Index
Risk
Index
ETF Details
Tactical Advantage ETF Overview
Tactical Advantage ETF (FDAT) is an actively managed Allocation Tactical Allocation exchange-traded fund (ETF). Tactical Advantage launched the ETF in 2023.
The investment seeks long-term capital appreciation as its primary objective.
The fund is an actively managed “fund-of ETFs.” Family Dynasty Advisors LLC, the fund’s sub-adviser, invests the fund’s assets in ETFs that are listed on U.S. stock exchanges. The fund will invest in underlying ETFs that primarily invest in U.S. equity securities or high-yield bonds. Additionally, the fund will hold cash and cash equivalents.
About Tactical Advantage ETF (FDAT)
There are 3 members of the management team with an average tenure of 2.19 years: Andrew Hicks (2026), Qiao Duan (2023) and Mike Caffey (2023). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 1 primary benchmark: S&P 500 (TR) index with a weighting of 100%. Tactical Advantage ETF has 14 securities in its portfolio. The top 10 holdings constitute 88.4% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Tactical Advantage ETF is part of the Allocation global asset class and is within the Allocation ETF group. Tactical Advantage ETF has 3.5% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 58.8% There is 3.5% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Tactical Advantage ETF has 33.7% of the portfolio in cash.
Assets Under Management
The fund has $36 million in total assets, which is below the $144 million average for the Tactical Allocation category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
FDAT Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Tactical Advantage ETF expense ratio is high compared to funds in the Tactical Allocation category. Tactical Advantage ETF has an expense ratio of 1.16%, which is 19% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Tactical Advantage ETF has a portfolio turnover rate of 547%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 261% for the Tactical Allocation category.
Recently, in the month of July 2026, Tactical Advantage ETF returned -1.0%, which earned it a grade of C, as the Tactical Allocation category had an average return of -1.4%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Tactical Advantage ETF has a trailing yield of 5.61%, which is above the 2.15% category average.
The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Tactical Advantage ETF Grades
Year to date, the ETF has returned 4.0%, 3.5 percentage points worse than the category, which translates into a grade of D. The fund has returned 9.8% over the past year (grade of F) and 7.6% over the past three years (grade of D).
For more ETF grades, analysis and screening tools to help your investment discovery, join AAII for a $2, full-access trial. Learn more here: https://invest.aaii.com/membership.
Otherwise, for more information about Tactical Advantage ETF, including its riskiness, submit your email to unlock the rest of the article.
Gain access to exclusive AAII member-only content.
FDAT Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| FDAT Return (NAV) | -1.0% | 1.3% | 9.8% | 7.6% | na | na |
| FDAT Return (Price) | -0.9% | 1.4% | 10.0% | 7.7% | na | na |
| NAV +/- Price Return | -0.039% | -0.046% | -0.158% | -0.088% | na | na |
| Tactical Allocation Avg | -1.4% | 1.6% | 15.9% | 10.6% | 5.4% | 7.4% |
| FDAT Grade (NAV) | C | C | F | D | na | na |
| +/- Category (NAV) | 0.4% | -0.3% | -6.1% | -3.1% | na | na |
| FDAT Tax-Cost Ratio | na | na | 2.2% | 2.1% | na | na |
FDAT Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| FDAT Return (NAV) | 4.0% | 7.4% | 10.0% | na | na | na | na | na | na | na | na |
| FDAT Return (Price) | 4.0% | 7.5% | 10.0% | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | 0.003% | 0.006% | 0.003% | na | na | na | na | na | na | na | na |
| Tactical Allocation Avg | 7.5% | 12.7% | 11.7% | 10.7% | -13.3% | 16.9% | 7.5% | 14.0% | -6.3% | 19.2% | 7.1% |
| FDAT Grade (NAV) | D | F | D | na | na | na | na | na | na | na | na |
| +/- Category | -3.5% | -5.3% | -1.7% | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | 0.76 |
| R-Squared: | 62% |
| Standard Deviation: | 9.0% |
| Category Risk Index: | 0.77 |
| Category Risk Rating: | Low |
| Total Risk Index: | 0.74 |
| Total Risk Rating: | Below Average |
| Portfolio Characteristics | |
| Yield: | 5.6% |
| Total Assets: | $ 36 Mil |
| Share Class Assets: | $ 36 Mil |
| Turnover: | 547.0% |
| Expense Ratio: | 1.16% |
| Index Fund: | No |
| Index Tracked: | S&P 500 (TR) |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 3.3 years | |||
| Average Tenure: 2.2 years | |||
| Managers (Year): Duan Qiao (2023), Caffey Mike (2023), Hicks Andrew (2026) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 14 |
| % in Top 10 Holdings: | 88.4% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 3.5% |
Portfolio Allocation |
|
| Domestic Stock: | 58.8% |
| Foreign Stock: | 3.5% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 4.1% |
| Cash: | 33.7% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Tactical Advantage |
| Phone Number: | 833-817-7010 |
| Website: | |
| Inception Date: | April 19, 2023 |
Expenses and Fees
| Expense Ratio (%): | 1.16% (Rating: High) |
| Category Average Expense Ratio (%): | 0.97% |
