ETF Evaluator:
Defined Duration 10 ETF ()
Follow This ETF
(as of Aug 26)
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
Defined Duration 10 ETF Overview
Defined Duration 10 ETF (DDX) is an actively managed Allocation Tactical Allocation exchange-traded fund (ETF). Discipline Funds launched the ETF in 2021.
The investment seeks long-term growth of capital.
The fund is an actively-managed 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. The fund’s allocation between broad-based U.S. equity ETFs and broad-based foreign focused equity ETFs will generally align with the then-current market cap weighting of the U.S. and foreign equity markets. The fund’s bond sleeve will be comprised of between two and four underlying ETFs.
About Defined Duration 10 ETF (DDX)
There are 3 members of the management team with an average tenure of 4.40 years: Cullen Roche (2021), Richard Shaner (2021) and Joshua Russell (2023). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: Solactive us agg bond TR USD index with a weighting of 100% and Solactive GBS Glb Mar All Cap USD TR index with a weighting of 100%. Defined Duration 10 ETF has 11 securities in its portfolio. The top 10 holdings constitute 99.5% 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 10 ETF is part of the Allocation global asset class and is within the Allocation ETF group. Defined Duration 10 ETF has 19.7% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 16.6% There is 19.7% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 48.2% (48.2% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Defined Duration 10 ETF has 16.0% of the portfolio in cash.
Assets Under Management
The fund has $71 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.
DDX 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 10 ETF expense ratio is below average compared to funds in the Tactical Allocation category. Defined Duration 10 ETF has an expense ratio of 0.25%, which is 74% lower than its category average, making the fund expense ratio grade a A. 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 10 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 261% for the Tactical Allocation category.
Recently, in the month of July 2026, Defined Duration 10 ETF returned -0.4%, which earned it a grade of B, 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.
Defined Duration 10 ETF has a trailing yield of 3.34%, which is above the 2.15% category average.
The fund normally distributes its income quarterly.
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 10 ETF Grades
Year to date, the ETF has returned 4.9%, 2.5 percentage points worse than the category, which translates into a grade of D. The fund has returned 10.9% over the past year (grade of D) and 7.7% 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 Defined Duration 10 ETF, including its riskiness, submit your email to unlock the rest of the article.
Gain access to exclusive AAII member-only content.
DDX 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 |
|
| DDX Return (NAV) | -0.4% | 1.6% | 10.9% | 7.7% | na | na |
| DDX Return (Price) | -0.2% | 1.7% | 11.1% | 7.8% | na | na |
| NAV +/- Price Return | -0.231% | -0.132% | -0.207% | -0.103% | na | na |
| Tactical Allocation Avg | -1.4% | 1.6% | 15.9% | 10.6% | 5.4% | 7.4% |
| DDX Grade (NAV) | B | C | D | D | na | na |
| +/- Category (NAV) | 1.0% | -0.1% | -5.0% | -2.9% | na | na |
| DDX Tax-Cost Ratio | na | na | 1.4% | 1.2% | na | na |
DDX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| DDX Return (NAV) | 4.9% | 12.0% | 2.9% | 10.5% | -16.1% | na | na | na | na | na | na |
| DDX Return (Price) | 5.1% | 12.0% | 2.9% | 10.5% | -16.2% | na | na | na | na | na | na |
| NAV +/- Price Ret | 0.044% | -0.003% | 0.005% | -0.002% | 0.003% | 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% |
| DDX Grade (NAV) | D | C | F | C | D | na | na | na | na | na | na |
| +/- Category | -2.5% | -0.7% | -8.8% | -0.2% | -2.9% | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | 0.69 |
| R-Squared: | 90% |
| Standard Deviation: | 6.8% |
| Category Risk Index: | 0.58 |
| Category Risk Rating: | Low |
| Total Risk Index: | 0.55 |
| Total Risk Rating: | Below Average |
| Portfolio Characteristics | |
| Yield: | 3.3% |
| Total Assets: | $ 72 Mil |
| Share Class Assets: | $ 72 Mil |
| Turnover: | na |
| Expense Ratio: | 0.25% |
| Index Fund: | No |
| Index Tracked: | Solactive us agg bond TR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | |
| Income Distribution Frequency: | Quarterly |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 4.9 years | |||
| Average Tenure: 4.4 years | |||
| Managers (Year): Roche Cullen (2021), Shaner Richard (2021), Russell Joshua (2023) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 11 |
| % in Top 10 Holdings: | 99.5% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 19.7% |
Portfolio Allocation |
|
| Domestic Stock: | 16.6% |
| Foreign Stock: | 19.7% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 48.2% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | -0.5% |
| Cash: | 16.0% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Discipline Funds |
| Phone Number: | 215-330-4476 |
| Website: | www.valueshares.com |
| Inception Date: | September 20, 2021 |
Expenses and Fees
| Expense Ratio (%): | 0.25% (Rating: Below Avg) |
| Category Average Expense Ratio (%): | 0.97% |
