ETF Evaluator:
Defined Duration 5 ETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Short-Term Bond Over the Last Year
| 6.6% | Overlay Shares Short Term Bond ETF (OVT) |
| 5.0% | AAM SLC Low Duration Income ETF (LODI) |
| 4.6% | SanJac Alpha Low Duration ETF (SJLD) |
| 4.5% | Performance Trust Short Term Bond ETF (STBF) |
| 4.4% | American Century® Short Dur Str Inc ETF (SDSI) |
Risk
Index
Risk
Index
ETF Details
Defined Duration 5 ETF Overview
Defined Duration 5 ETF (DDV) is an actively managed Taxable Bond Short-Term Bond exchange-traded fund (ETF). Discipline Funds launched the ETF in 2025.
The investment seeks long-term growth of capital.
The fund is an actively-managed exchange-traded fund (“ETF”) that seeks to achieve its investment objective by investing in a portfolio of other large,broad-based ETFs that the sub-adviser believes can reduce the fund’s relative stock and bond risks when compared to a traditional diversified market cap-weighted index fund.
About Defined Duration 5 ETF (DDV)
There are 1 members of the management team with an average tenure of 0.72 years: Cullen Roche (2025). Management tenure is more important for actively managed ETFs than passive index ETFs.
Defined Duration 5 ETF has 7 securities in its portfolio. The top 10 holdings constitute 99.4% 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.
Defined Duration 5 ETF is part of the Fixed Income global asset class and is within the Taxable Bond ETF group. Defined Duration 5 ETF has 6.9% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 5.2% There is 6.9% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 56.5% (56.5% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Defined Duration 5 ETF has 30.7% of the portfolio in cash.
Assets Under Management
The fund has $17 million in total assets, which is below the $3 billion average for the Short-Term Bond 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.
DDV 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 Defined Duration 5 ETF expense ratio is below average compared to funds in the Short-Term Bond category. Defined Duration 5 ETF has an expense ratio of 0.25%, which is 11% lower than its category average, making the fund expense ratio grade a C. 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. Defined Duration 5 ETF has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 77% for the Short-Term Bond category.
Recently, in the month of July 2026, Defined Duration 5 ETF returned -0.2%, which earned it a grade of D, as the Short-Term Bond category had an average return of -0.1%. 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.
Defined Duration 5 ETF has a trailing yield of 0.00%, which is below the 4.54% category average.
The fund normally distributes its income quarterly 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.
Defined Duration 5 ETF Grades
Year to date, the ETF has returned 2.3%, 1.3 percentage points better than the category, which translates into a grade of A.
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 Defined Duration 5 ETF, including its riskiness, submit your email to unlock the rest of the article.
Gain access to exclusive AAII member-only content.
DDV 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 |
|
| DDV Return (NAV) | -0.2% | 0.6% | na | na | na | na |
| DDV Return (Price) | -0.1% | 0.6% | na | na | na | na |
| NAV +/- Price Return | -0.100% | -0.003% | na | na | na | na |
| Short-Term Bond Avg | -0.1% | 0.3% | 3.6% | 5.2% | 2.3% | 2.5% |
| DDV Grade (NAV) | D | A | na | na | na | na |
| +/- Category (NAV) | -0.1% | 0.3% | na | na | na | na |
| DDV Tax-Cost Ratio | na | na | na | na | na | na |
DDV Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| DDV Return (NAV) | 2.3% | na | na | na | na | na | na | na | na | na | na |
| DDV Return (Price) | 2.3% | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | 0.026% | na | na | na | na | na | na | na | na | na | na |
| Short-Term Bond Avg | 1.0% | 6.3% | 5.1% | 6.0% | -5.3% | -0.4% | 4.4% | 5.6% | 1.2% | 1.7% | 2.4% |
| DDV Grade (NAV) | A | na | na | na | na | na | na | na | na | na | na |
| +/- Category | 1.3% | na | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | -- |
| Total Assets: | $ 18 Mil |
| Share Class Assets: | $ 18 Mil |
| Turnover: | na |
| Expense Ratio: | 0.25% |
| Index Fund: | No |
| Index Tracked: | N/A |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Quarterly |
Management Team
| Number of Managers: 1 | |||
| Longest Tenure: 0.7 years | |||
| Average Tenure: 0.7 years | |||
| Managers (Year): Roche Cullen (2025) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 7 |
| % in Top 10 Holdings: | 99.4% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 6.9% |
Portfolio Allocation |
|
| Domestic Stock: | 5.2% |
| Foreign Stock: | 6.9% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 56.5% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.7% |
| Cash: | 30.7% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Discipline Funds |
| Phone Number: | 215-330-4476 |
| Website: | www.valueshares.com |
| Inception Date: | November 12, 2025 |
Expenses and Fees
| Expense Ratio (%): | 0.25% (Rating: Below Avg) |
| Category Average Expense Ratio (%): | 0.28% |
