Dana Investment Expands into ETF Market with Growth and Dividend Funds
Dana Investment Advisors, a leading asset management firm overseeing more than $9.5 billion, has officially entered the Exchange Traded Fund (ETF) sector. This strategic move involves the introduction of two new ETFs, DUNK and DIVE, developed in partnership with Tidal Financial Group, which will provide essential operational and growth support for Dana's expansion into this dynamic market.
The newly launched funds, the Dana Unconstrained Equity ETF (DUNK) and the Dana Concentrated Dividend ETF (DIVE), represent a significant evolution from Dana's existing separately managed accounts and mutual funds. Both strategies boast a track record exceeding five years in isolated account formats, allowing them to bring established performance histories to their new ETF wrappers. DUNK, with an adjusted expense ratio of 0.750%, targets long-term capital appreciation by investing in 15 to 30 U.S.-listed companies driving transformative trends such as artificial intelligence, cloud computing, biotechnology, and electric vehicles. It employs an unconstrained approach, free from typical sector or style limitations, though it maintains a preference for large-cap equities. Conversely, DIVE aims to deliver a balance of income and capital growth, focusing on 25 to 35 dividend-paying stocks with market capitalizations of $10 billion or more across diverse sectors, predominantly large-cap firms known for strong fundamentals and consistent dividend payouts. Its adjusted expense ratio stands at 0.650%.
These new ETF offerings intensify competition within two highly sought-after investment themes: growth-oriented thematic strategies and dividend-focused equity products. Both categories have seen a surge in investor attention throughout 2025, indicating a robust demand for diversified and income-generating investment vehicles.
Dana Investment Advisors' entry into the ETF market signifies a commitment to innovation and accessibility in investment management. By packaging their successful strategies into ETFs, they offer investors more transparent, flexible, and tax-efficient avenues to participate in both high-growth and stable income opportunities. This expansion not only enhances Dana's market presence but also empowers a broader range of investors to pursue their financial objectives through well-established and strategically managed funds.
