ETF Evaluator:
Sparkline International IntangibleValETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Foreign Large Value Over the Last Year
| 42.4% | GMO International Value ETF (GMOI) |
| 42.0% | JPMorgan International Value ETF (JIVE) |
| 40.1% | Schwab Fundamental International Eq ETF (FNDF) |
| 39.7% | Cambria Global Value ETF (GVAL) |
| 39.3% | Invesco RAFI Developed Markets ex-US ETF (PXF) |
Risk
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Risk
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ETF Details
Sparkline International IntangibleValETF Overview
Sparkline International IntangibleValETF (DTAN) is an actively managed International Equity Foreign Large Value exchange-traded fund (ETF). Sparkline Capital launched the ETF in 2024.
The investment seeks to achieve capital appreciation.
The fund will invest in equity securities of publicly listed non-U.S. companies that Sparkline Capital LP believes are attractive relative to its proprietary measure of “intangible-augmented intrinsic value.” Under normal circumstances, the fund invests at least 80% of its net assets in equity securities of publicly listed non-U.S. companies, including common stocks and depositary receipts evidencing ownership of common stocks, that satisfy the sub-adviser’s definition of value.
About Sparkline International IntangibleValETF (DTAN)
There are 1 members of the management team with an average tenure of 1.89 years: Kai Wu (2024). Management tenure is more important for actively managed ETFs than passive index ETFs.
Sparkline International IntangibleValETF has 115 securities in its portfolio. The top 10 holdings constitute 28.0% 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.
Sparkline International IntangibleValETF is part of the Equity global asset class and is within the International Equity ETF group. Sparkline International IntangibleValETF has 93.1% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 6.5% There is 93.1% 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). Sparkline International IntangibleValETF has 0.2% of the portfolio in cash.
Assets Under Management
The fund has $21 million in total assets, which is below the $2 billion average for the Foreign Large Value 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.
DTAN 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 Sparkline International IntangibleValETF expense ratio is average compared to funds in the Foreign Large Value category. Sparkline International IntangibleValETF has an expense ratio of 0.55%, which is 19% higher 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. Sparkline International IntangibleValETF has a portfolio turnover rate of 32%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 44% for the Foreign Large Value category.
Recently, in the month of July 2026, Sparkline International IntangibleValETF returned 5.3%, which earned it a grade of B, as the Foreign Large Value category had an average return of 4.5%. 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.
Sparkline International IntangibleValETF has a trailing yield of 2.70%, which is below the 3.26% 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.
Sparkline International IntangibleValETF Grades
Year to date, the ETF has returned 7.1%, 7.9 percentage points worse than the category, which translates into a grade of F. The fund has returned 19.6% over the past year (grade of F).
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DTAN 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 |
|
| DTAN Return (NAV) | 5.3% | 5.2% | 19.6% | na | na | na |
| DTAN Return (Price) | 5.1% | 5.0% | 20.0% | na | na | na |
| NAV +/- Price Return | 0.203% | 0.189% | -0.342% | na | na | na |
| Foreign Large Value Avg | 4.5% | 5.1% | 30.8% | 19.8% | 12.1% | 9.9% |
| DTAN Grade (NAV) | B | C | F | na | na | na |
| +/- Category (NAV) | 0.8% | 0.1% | -11.1% | na | na | na |
| DTAN Tax-Cost Ratio | na | na | 1.2% | na | na | na |
DTAN Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| DTAN Return (NAV) | 7.1% | 29.6% | na | na | na | na | na | na | na | na | na |
| DTAN Return (Price) | 7.4% | 29.5% | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | 0.041% | -0.003% | na | na | na | na | na | na | na | na | na |
| Foreign Large Value Avg | 15.0% | 38.6% | 4.7% | 16.7% | -8.9% | 12.3% | -0.7% | 18.8% | -13.7% | 23.2% | 6.9% |
| DTAN Grade (NAV) | F | F | na | na | na | na | na | na | na | na | na |
| +/- Category | -7.9% | -8.9% | 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: | 2.7% |
| Total Assets: | $ 22 Mil |
| Share Class Assets: | $ 22 Mil |
| Turnover: | 32.0% |
| Expense Ratio: | 0.55% |
| 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: 1.9 years | |||
| Average Tenure: 1.9 years | |||
| Managers (Year): Wu Kai (2024) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 115 |
| % in Top 10 Holdings: | 28.0% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 93.1% |
Portfolio Allocation |
|
| Domestic Stock: | 6.5% |
| Foreign Stock: | 93.1% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.2% |
| Cash: | 0.2% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Sparkline Capital |
| Phone Number: | |
| Website: | www.valueshares.com |
| Inception Date: | September 9, 2024 |
Expenses and Fees
| Expense Ratio (%): | 0.55% (Rating: Avg) |
| Category Average Expense Ratio (%): | 0.46% |
